Off-plan property refers to real estate that is sold before construction or development is complete. Buyers purchase off-plan properties based on architectural plans, project specifications, and the developer’s reputation.
Buying off-plan in Dubai offers several advantages, including:
Financing options for off-plan properties in Dubai vary depending on the developer and the stage of construction. Banks and financial institutions may offer mortgage loans based on specific criteria, such as the developer’s reputation, project completion timeline, and the buyer’s financial profile.
While buying off-plan can be lucrative, it also carries certain risks, such as:
Researching off-plan properties in Dubai involves:
When purchasing off-plan property in Dubai, you typically need to provide:
Buyers of off-plan property in Dubai may incur various fees and charges, including:
The Dubai government has implemented regulations to safeguard the interests of off-plan property buyers. These include: