The real estate market in Dubai continues to grow and evolve, the most popular choice that continues to trend amongst real estate investors and end-users alike are off-plan properties. The coming year presents even more unique opportunities to make off-plan property purchase even more appealing. Below I provide benefits of buying off-plan properties in 2024-2025.
- Best Deals
If there is one way to get a really good deal on an off-plan property, it is to grab it on the day it is launched. You can submit an EOI (Expression of Interest ) as low as 20,000 – 60,000 and book a unit at an amazing price. Once after launch you will find that the prices on the units have increased. Recently there was a developer that had launched studios at 7,90,000 AED and the recent availability in about two months showed an increase in 50,000 AED. So if your real estate advisor says that its an offer that you shouldn’t miss – He or she really means that. The payment plans are always flexible however, if you buy the property by paying in full you get a lot more profit – how? I’ll save that for another article. You can capitalize on better prices before your unit appreciates nearing completion.
- Customization Options
I did write about this In my previous article but I do repeat that when you buy off-plan properties you can personalize the layout, the interiors and the finishings. This boosts your property value whether you want to flip it on completion or If you want to rent it out. If you are someone who tends to add a personal touch to all your properties then this is a better option for you. The Architecture and Interior industry in Dubai is ever evolving, in fact its rapidly evolving. Buying latest off-plan properties will help you stay ahead of the curve when it comes to modern comfort.
- Capital Appreciation
The capital appreciation potential for off-plan properties in Dubai is very high. As the property you have brought develops and the project nears completion the demand and value for your unit will continue to rise. You will be able to see a significant return on your investment- see my previous article for how you can mitigate risks while purchasing off-plan projects.
Dubai’s real estate market continues to reach new heights as the investors interest continues to surge, the population continues to grow and the infrastructure continues to touch new heights- meaning? As long as you invest in a good property – take help of real estate advisors or do your research , your property will get you a good capital appreciation upon completion or a high rental yield If ROI is what you are looking for.
- Payment Plans
I personally do not recommend going with payment plans if you are investing however, if you want to use it for yourself then you’d be happy to know that every developer offers a good payment plan, some even ranging upto 8 years. Yup, you heard that right. That’s you owning a property rather than paying rent as an end user- wise decision on your part. All these payment flexibilities help ease financial planning. Property ownership is easier with these flexible plans If you want to purchase a property for investment or as an end -user in 2024-2025.
- Amenities
Investing in off-plan properties gives you access to top-notch facilities such as smart home technology, private pools, high-tech fitness centres, doctors on call, meditation decks, VR rooms, Sauna Rooms, Co-Working spaces and so much more providing you with long time value whether you are an investor or an end-user.
To conclude – there is no better time to invest in your tomorrow than today and purchasing off-plan properties in Dubai in 2024-2025 is a smart and strategic investment decision.
