UAE is trending to be a global destination and secure home base for the world, especially since changes to the citizenship rules and its recent updates to the Golden Visa Regulation. With the ever-evolving population, catering to the custom needs of a home buyer while ensuring its affordability has always been a challenge with the ready-to-move-in apartments and villas. Off-plan Properties basically allow this flexibility. It construes buying of an unconstructed property directly from a developer by paying a nominal down payment, usually 10 – 20% and signing a sales purchase agreement, the rest of which is paid according to the payment plan agreed upon.
According to recent statistics, there has been a paradigm shift among homeowners who now prefer Off plan properties to ready-to-move-in ones due to various specific reasons.
Market fluctuations and Capital gain
The price of the property is usually locked in as the day of the signing of the Sales purchase agreement, hence, protecting the investor from hikes in property values due to market fluctuations. In a growing market, the property’s value consistently increases throughout the construction, thereby, providing valuable capital gains. Therefore, buying an off-plan property can be a good investment strategy as selling the property at a time when the property price increases can help make quick profits.
Offers buyers time to plan their finances
One of the major concerns for aspiring homeowners is the inability to procure the bulk amount required to buy a property upfront and this also interferes and hampers with the financial planning of the individual. Since Off plan properties have the option of paying the complete amount post-completion of the project, it gives enough time for the investor to prepare themselves for the upcoming expenditure and plan their finances accordingly. Additionally, present-age developers are also exploring options to provide multiple flexible payment methods to the homeowners making this the most viable property option, especially for first-time homeowners.
Better condition and home personalization
Ready-to-move-in apartments/homes have amenities that are usually meant to cater to everyone in general. Since the investor is involved with the project since before its inception, off-plan property purchase provides the homeowner the flexibility to tailor the property according to their personal preferences and needs. Unlike ready-to-move-in apartments, off-plan properties also ensure that the homes are in better condition as they are newly constructed. This makes the homes more energy efficient and also significantly lowers their maintenance costs.
Discounts, Tax benefits and Rental Income
Off-plan properties do not just have a lower process when compared to fully constructed apartments/homes but builders also usually provide the properties at a discounted price to attract more buyers. Hence, the investor can maximize their valuable capital gains at a later time. Off-plan properties also entitle the investor to a myriad of tax benefits and also to discount on stamp duty levied by the government. Since the properties are newly constructed, the home segment also attracts high rental income making residential properties more viable for the investor.
The Off-Plan property market is buzzing with activity more now than ever, be it in the popular city centre or in the new communities that are bubbling in the outskirts, be it Off plan apartments, villas or homes, aspiring homeowners have an array of options to choose from. Hence, it is safe to project that the off-plan properties are currently the upcoming dream of an investor as well as an aspiring homeowner.
just have a lower process when compared to fully constructed apartments/homes but builders also usually provide the properties at a discounted price to attract more buyers. Hence, the investor can maximize their valuable capital gains at a later time. Off-plan properties also entitle the investor to a myriad of tax benefits and also to discount on stamp duty levied by the government. Since the properties are newly constructed, the home segment also attracts high rental income making residential properties more viable for the investor. The Off-Plan property market is buzzing with activity more now than ever, be it in the popular city centre or in the new communities that are bubbling in the outskirts, be it Off plan apartments, villas or homes, aspiring homeowners have an array of options to choose from. Hence, it is safe to project that the off-plan properties are currently the upcoming dream of an investor as well as an aspiring homeowner.
English 
Arabic