- Off-plan properties typically offer lower prices as they are still under construction.
- Flexible payment plans are available, requiring only a down payment and monthly installments, easing financial stress and offering more choices in home purchasing.
- Many banks and financial institutions offer attractive financing plans to facilitate the purchase of off-plan properties.
- No taxes are involved in an off-plan property investment in Dubai.
- The stability of the UAE currency encourages expatriates to invest in properties.
- There is always a demand for off-plan investments from potential tenants or buyers.
Guidelines for Buying Off-Plan Properties
The process of buying an off-plan property is similar to purchasing a ready property.Here are some key points to consider:
- Oqood Registration is a service provided by the Dubai Land Department (DLD) to developers. It's as crucial for registering an off-plan property as a Title Deed is for a completed project.
- Oqood Registration pre-registers the ownership in your name and registers your interest with the Dubai Land Department.
- Be cautious of unregistered developers and projects.
- Ensure that the payment plan aligns with your time and budget constraints.
We hope this guide provides a clear path for your property investment journey.
We're here to help every step of the way!