Most foreign property buyers in the United Arab Emirates (UAE) invest in off-plan property and developments which often prove to be highly beneficial. Find out more below.
In order to limit financial risk and debts, the developers of any project will wish to sell units off-plan. They understand that if buyers cannot see a physical property at the beginning, they will demand a lower price, while relying purely on the developer's reputation, the property location, artistic impressions and computer simulations on which to base their decision to purchase.
In addition to the excellent off-plan price, some highly beneficial finance structures are often in place. You sometimes need to pay only around 20-40% of the purchase price in the form of a deposit, while the rest is payable upon completion. This may be financed by a mortgage if necessary (see our mortgages in the UAE section).
If you decide to invest in off-plan property, you will need to decide which strategy to adopt to achieve your desired return on investment. Our experts will help you to choose the most appropriate plan, creating an investment programme suitable to your needs, whether this is "pure investment" or a "buy-to-let" strategy. We will also assist you in finding the most appropriate location to suit your investment needs.
Off-plan property is the main option for foreign real estate buyers in the UAE and this market is robust, while some new developments are selling out within only 48 hours of release. In many cases, off-plan buyers have seen their properties gain value significantly, even before their keys have been handed over.
Since foreign ownership became legal in the UAE, investors have seen a relative slow-down in growth from their off-plan property. However excellent investment choices can still be made, particularly in the up-and-coming emirates, while they soak up a relentless demand for property from neighbouring Dubai. We are dedicated to helping you to pick the best UAE property options to suit your particular needs.
Investors should exercise careful due diligence and choose wisely, making entirely sure that the property is located in an area where they will resell quickly and easily or where there is a high rental demand for their buy-to-let option. With an off-plan investment, even in the "worst case" scenario if the property cannot be sold upon completion, the final balance due can sometimes be financed by banks within the UAE as the development nears completion. Furthermore, the rental income may pay off the finance of this loan as well as yield further eventual returns on investment.
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