What Is Off Plan Property In Dubai?

What Is Off-Plan Development In Dubai?

The term “off-plan” is mostly used in the Dubai property market. These developments are under development and registered with DLD (Dubai Land Development) and are available with the payment plans like till-possession or post-handover. 

What Is The Price Of Off-Plan Development In Dubai?

Generally, the price of off-plan developments varies on different factors like community types, unit sizes, location and accessible amenities. But off-plan properties are more in demand as they are available at the lowest price in comparison to ready-to-move options, allowing prospective home buyers to get their homes in Dubai.

Generally, off-plan developments are directly available from builders with the best payment plan. So, with this property type, you will make the best investment with just a small booking amount ranging between 5 - 20%.

Why Off-Plan Properties Are The Best Choice?

There may be countless personal reasons to buy off-plan properties in Dubai, but there are some common & best reasons too. There are many data & statistics by DLD Dubai that confirm the sustainable growth of the market. Dubai's property market is on the course of a modest rise in price even with the increase in interest rates and the possibility of a recession in 2023. The credit goes to stable economic conditions, visa reforms, reasonable prices for properties and standard of living. 

In the middle of different property options, off-plan developments are considered the best choice, especially for individuals who are interested in long-term investment by paying a small down payment.

There are two benefits:- 

• You can buy an off-plan property and pay in small installments instead of paying the full payment. 
• You can sell them after some time at a good price with outstanding ROI in hand. 

Are Off-Plan Development & Pre-Launch Development The Same?

Many foreign investors & home buyers are generally confused between off-plan and pre-launch developments. But there is a big difference between these two terms. As you know an off-plan property is under construction & new launch development. On the other hand, pre-launch launch properties are the developments that are currently at the planning or pre-construction stage. 

Conclusion

There are many options are available in residential properties in Dubai as off-plan, pre-launch, and ready-to-move. What property type you prefer depends on your objective & requirements. If you can wait and look for the best investment then an off-plan property is a better choice. For individuals who want a steady income then a ready-to-move option is the best choice. If you evaluate the total advantages then off-plan development is a better choice, especially in a booming real estate market like Dubai. 

For more information and better options in off-plan properties in freehold regions, you can contact Dubai Housing . Our experienced marketing executives will acquaint you with the best off-plan options from reliable developers.