Why Off-Plan Investment Is Beneficial For Expats
Considering the potential of gaining those profitable gains from Dubai’s profitable estate industry? Dubai is known to be a blossoming sector for property investment throughout the world, although current economic times have been diminishing the returns of investment (ROI) for present property owners. Nevertheless, through careful planning and consideration, you can alleviate these economic repercussions and continue to weather the storm until the business cycle inevitably stabilizes. With that said, the best advice to be given to foreign investors looking to partake in the real estate industry in Dubai is most certainly to look for off plan real estate projects currently in place, which may yield the most lucrative rewards.
Perfect Investment Opportunity for Expats:
If you reside in another country far from Dubai itself, the regulations here in Dubai are quite lenient for you to be able to buy a property within the city. This came as a result of the current economic downturn of the local real estate industry, although the cycle trend has started to shift upwards again, come 2019. Since 2002, foreigners purchasing Dubai properties have been given leeway to own freehold properties without the need to register for holding visas in the city. However, if you want to visit your property, you will have to apply for a Property Holders Visa which is applicable for 6 months before requiring renewal. Still, this is only available for properties which range higher than AED 1 million in market price.
Why Property Investment in Dubai is a Brilliant Idea?
Off-plan properties in Dubai also offer the most reasonable prices for expats to own their dream house here in the city! Developers are willing to accept market price cuts and allow discounts for potential buyers to initiate a sale during a project’s kick-off phase. Considering that these properties have yet to be completed, some may not even be started yet; the ball is on the buyers’ court where purchasing power is given to your hands.
Dreaming of owning a home overseeing the city’s sprawling towers behind beautiful crystal-blue waterlines? Dubai Creek Harbour projects are among the most in-demand property developments currently being pursued by potential investors around the world! Investing your time, and money, towards these upcoming off-plan properties in Dubai, will surely pave a way to more possibilities for you.
The Benefits of Investing in Off-Plan Properties:
Due to volatile market fluctuations and the frequent regulation changes made by the United Arab Emirates (UAE), purchasing off-plan properties will benefit you by locking the price of your preferred investment and safeguarding you from any unforeseen market changes.
With the current market starting to experience a stabilizing cycle transition, you can look to avoid higher sale prices by committing to property early on in its development.
Secure Long Term Investment and Peace of Mind:
With all these shared, it is high time that you start looking for off-plan properties to buy here, in Dubai. Delaying it longer will only endear you to higher opportunity costs in the long run. In addition, you may even find yourself completely outpaced by other investors who have invested earlier in their pursuits than you! Come make your interests known, and you will find that Dubai is indeed a land full of opportunities to be explored.
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