Why Buy Off-Plan Property in Dubai?
1. Find a Property | Download Guide
2. Great Capital Appreciation
As construction progresses, the value of the project often increases, allowing investors to watch their asset appreciate before it’s even completed. Once the project reaches completion, the property becomes a valuable addition to the market, potentially delivering strong returns.
3. Flexible Payment Terms
4. Lucrative Investment Opportunities
FAQ LIST
Frequently Asked Questions
for Off-Plan Properties
Find answers to common questions about buying off-plan properties in Dubai, including mortgages, ownership, process, benefits, and costs.
Yes, mortgages are available for many off-plan properties in Dubai, though specific criteria apply. It’s best to consult with a Property Consultant who can advise on the requirements and help you find the best mortgage option for your situation.
Yes, foreigners can own 100% of a property in Dubai’s designated freehold zones. Non-residents and expatriates are permitted full ownership rights in these areas, while properties in mainland zones may have different regulations. In freehold areas, foreign ownership is granted without restriction, often for a period of up to 99 years.
The process for buying an off-plan property includes some unique steps, such as booking, payment plan arrangements, and handover. To get started, consult an Off-Plan and Investments Consultant who can guide you through each stage and answer any specific questions you may have.
Off-plan properties offer advantages like flexible payment plans, potential for capital appreciation as the project develops, and early-bird pricing that can often be lower than market value. Many investors find off-plan properties a strategic choice for long-term investment.
Completion timelines vary based on the project and developer. Typically, off-plan projects can take 2-5 years to complete, depending on the complexity and scale of the development. Your Property Consultant can provide you with an estimated timeline for a specific project.
Yes, the Dubai government has strict regulations in place to protect off-plan buyers. Developers must meet certain criteria and hold funds in escrow accounts, which are monitored by the Real Estate Regulatory Agency (RERA). This ensures that funds are only used for the project’s construction.
Yes, it is possible to sell your off-plan property before completion, a process known as “assigning the contract.” However, this depends on the developer’s terms and your payment progress. Many developers allow resale once a certain percentage of the purchase price has been paid.
Besides the property price, buyers should budget for costs such as the Dubai Land Department (DLD) registration fee, typically 4% of the property value, and possibly an agent’s fee. It’s best to review these with your consultant so you’re fully prepared.