Investing in real estate is a great way to make money and create a reliable asset for the future. You may be surprised to learn that many seasoned investors are now investing in new real estate projects in Dubai, mainly on off-plan properties.
In this article, you will learn what an off-plan property is as well as a few of the reasons why seasoned investors are now investing in them.
WHAT ARE OFF-PLAN PROPERTIES
Off-plan properties are properties that do not yet have anything constructed on them. There are usually plans to put a building or some other sort of architecture on the property, but it isn’t actually there yet.
This may be surprising because the investor can’t actually see the building they are investing in. However, there are a ton of benefits to buying off-plan properties, making them a popular investment for seasoned investors.
WHY SEASONED INVESTORS HAVE TAKEN INTEREST
There are a number of benefits to investing in off-plan properties. To begin, prices are significantly discounted when there isn’t yet a building on the property while construction is happening. This means that developers looking to create new real estate projects in Dubai are not going to ask for a ton of money up front, which saves investors’ money!
Another reason why many top real estate brokers in Dubai recommend investing in off-plan properties in Dubai is the protection that you will receive. If you were to invest in a property that has already been built, you will likely have to face countless delays and possibly deal with frauds and scammers. Property law in Dubai will keep your money protected through various regulations that will keep you and your money safe.
Lastly, another important reason seasoned investors are putting their money into off-plan properties is because of the benefit of the ever-expanding tourist and new resident surge specifically in Dubai. Dubai is known as the City of the Future, so many people have flocked to it to learn more and experience its culture. That means landlords will never have a shortage of tenants and as the owner of an off-plan property, you can benefit from high rental returns once the project is completed.
It is really easy to see why seasoned investors are so interested in off-plan properties. They will get their money’s worth, and so will you if you choose to invest.