The investment in ready-made real estate in the UAE is one of the most popular ways to save and increase funds. However, is it possible to say the same about real estate under construction? The source – https://emirates.estate – will tell you about the features of earning money on off-plan projects in Dubai, as well as its advantages and specifics.
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Features of Arab off-plan projects
Investing in real estate in the United Arab Emirates, which is under construction, is far-sighted due to the favorable economic situation in the UAE, as the real estate is steadily increasing in price. Many investors who have not previously had to invest in apartments under construction are afraid of being deceived. We hasten to reassure! There is nothing to be afraid of for at least three reasons:
- Strict control of developers by the state;
- Projects in development or at the implementation stage are clearly regulated;
- Depositors’ money is under reliable protection of the state and protected from force majeure.
It is important to say that Arab projects are rarely frozen or canceled. If absolutely necessary, the project is transferred to another developer and brought to an end.
What is more profitable: buy a ready-made apartment or an apartment under construction?
Off-plan real estate is more profitable in material terms. Let’s explain why.
- Low price. The initial price of real estate under construction in Dubai is AED 100,000 – AED 150,000 (USD 40,843), while prices for ready-made apartments can be two or more times higher;
- Large selection. At the construction stage, you can buy any property: from a studio to a penthouse;
- High demand. The UAE are popular for international tourism and an important financial center, where millions of people come from all over the world. Many of them rent real estate;
- Profitability. A purchased property in an area with good infrastructure and transport accessibility can bring up to 15% of annual net profit.
Pros of investing in new buildings in the UAE
A competent approach to choosing a project will only benefit the investor. Here are the most significant advantages of investing in off-plan apartments:
* Secure transaction with the developer;
* Quick conclusion of the transaction: the whole procedure will not take more than 14 days;
* Individual purchase conditions, including a personal payment plan and discounts;
* Possibility of mortgage loan;
* Investment protection at the state level;
* Minimal risks;
* Fast payback;
* No property taxes;
* Online transaction.
How to make money on new buildings
There are two main ways to make money on off-plan objects: leasing and resale. Both options become available only after the project is put into operation.
In addition, there are also the following methods:
- Investments in the early stages of construction. The earlier the construction stage, the less you will have to pay. In this scenario, the benefit can be from 35 to 50%;
- Sale of an apartment one-two years after commissioning;
- Co-investment.
To buy real estate in the UAE
Find your apartment for living and investing in Dubai on Emirates.estate. Thousands of options from leading developers, photos and detailed descriptions, as well as always responsive staff are already waiting for you on the website!
Article Source : https://www.apzomedia.com/make-money-new-buildings-dubai/
