Property which is under construction or is yet to be constructed is called off plan property. Off plan properties play a major role in strengthening the real estate sector of Dubai. Almost all property developers of Dubai have off plan projects scattered across the Emirates.
- Availability of a great number of options is always a boon for off-plan property seekers, especially in the UAE where numerous new projects are popping up in the housing market on a regular basis, making the developers view with each other to sell their properties.
- Buying off-the-plan allows you to buy a property at today’s price. By the time the deal settles after construction, the property can be worth more than you paid for, if it is a rising market. The UAE is among the fastest growing economies in the world. Experts believe that capital appreciation will gradually increase as mega infrastructure projects are on the rise in all the emirates and Dubai is the host city for Expo 2020, which will attract an influx of visitors.
If you are thinking of buying off-plan properties, the UAE is an ideal place for you to invest your hard-earned money. It is an investment haven with a solid government, prosperous business atmosphere, and excellent economic future ahead.