Investment in off-plan/under-construction properties in Dubai has always been a lucrative proposition. The prices of these properties are relatively lower than the prices of similar properties that are completed and ready for possession. Investors can expect to get good returns on their investments by selling these properties or renting them out once the construction is complete.
We at Azco Real Estate, have gathered some of the reasons why investing in off-plan/under-construction properties in Dubai makes sense.
Prices of under-construction properties have always been appreciated at a faster pace than the prices of completed properties. This is because the demand for under-construction properties is always high and there is a limited supply. As more and more people want to buy property in Dubai, the prices will continue to rise.
The rental yield from off-plan properties is always higher than the rental yield from completed properties. This is because tenants are always willing to pay a premium for living in a brand new property.
Developers of under-construction properties usually offer flexible payment plans. This makes it easier for investors to buy these properties.
Developers often give discounts and offer on under-construction properties. This makes them even more affordable for investors.
Investing in off-plan properties is a risk-free investment as the developer is responsible for the construction of the property. The investor only has to make the down payment and does not have to worry about the construction process.
Investing in off-plan properties is a hassle-free investment as the investor does not have to worry about finding tenants or maintaining the property. The developer takes care of everything.
Off-plan properties are easy to resell as there is always a demand for them. Investors can sell these properties at a profit once the construction is complete.
Investors can avail of certain tax benefits by investing in off-plan properties.
Investors can earn good returns by investing in off-plan properties. The prices of these properties appreciate at a fast pace and they offer high rental yields.
Investing in off-plan properties helps in diversifying one’s portfolio. This is because the prices of these properties are not affected by the fluctuations in the stock market.
Now that you have decided to invest in off-plan properties in Dubai, here are some points that you need to remember.
1. Do your research:
Make sure you do your research before investing in any property. Check the developer’s track record, the location of the property, and the payment plan.
2. Hire a Broker:
Broker Companies in Dubai like Azco Real Estate can help you find the best off-plan properties in Dubai. They have a wide database of properties and they can negotiate the best price on your behalf.
3. Be patient:
Do not rush into buying an off-plan property. Take your time to consider all the options and make an informed decision.
4. Have realistic expectations:
Investing in off-plan properties is a long-term investment. Do not expect to make quick profits from them.
5. Be aware of the risks:
Investing in off-plan properties is a risky investment. There is a possibility that the property may not be completed on time or that the quality of the property may not be up to the mark.
6. Diversify your portfolio:
Do not put all your eggs in one basket. Invest in different types of property to diversify your portfolio and minimize risk.
7. Be prepared for the worst:
There is always a risk that the property market may crash. Be prepared for the worst and invest only what you can afford to lose.
8. Have an exit strategy:
It is important to have an exit strategy when investing in off-plan properties. This will help you sell the property at a profit if the market crashes.
9. Invest in multiple properties:
It is always advisable to invest in multiple properties. This will help you offset the risks associated with investing in a single property.
10. Do not over-leverage:
Do not take on more debt than you can afford to repay. This will put you in a financial crisis if the market crashes.
11. Have a long-term perspective:
Investing in off-plan properties is a long-term investment. Do not expect to make quick profits from them. Hold on to the property for at least 5 years to get the best returns.
Whether you’re seeking a home for your family or an investment property, Azco Real Estate is here to help. We are one of the leading real estate companies in Dubai and we have a wide range of off-plan properties for sale.
Our team of experienced professionals will guide you through the process of buying an off-plan property in Dubai. We will help you find the best property that meets your needs and budget. We will also negotiate the best price on your behalf.
So, what are you waiting for? Contact us today and let us help you find the perfect off-plan property in Dubai.
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