Off-plan properties vs. ready-built homes in Dubai – what should you choose?
Dubai is today one of the most attractive places in the world to invest in real estate. Many people are moving to the city from Europe in particular, and the demand for both apartments and villas is increasing year by year. When considering buying a home in Dubai, you are often faced with a choice: Should you buy an off-plan property, i.e. a home that is still under construction, or should you buy a property that has already been built in Dubai?
The advantages of off-plan properties
For most investors, off-plan properties are the best option. You usually get a lower purchase price because the property is not yet finished, and at the same time you get a brand new home in Dubai when construction is complete. Many projects come with modern amenities, great locations and attractive payment plans, making the investment even more advantageous. With the strong population growth in Dubai, the probability is high that the value of your property in Dubai will increase significantly even before you get the keys.
Purchase of completed properties
However, there are also advantages to buying a ready-made home in Dubai. You can move in immediately or start renting out the property immediately. This can be a good solution if you want a quick income or want to live in Dubai for the short term. The disadvantage is that you typically pay a higher price and you do not get the same flexible payment plans as when buying an off-plan property.
The value of a real estate agent
Whether you choose an off-plan property or a ready-made home, it is important to have a real estate agent you can trust. A professional agent in Dubai will not only help you during the actual buying process, but also after the deal is completed. There is always after-sales work – everything from handing over the keys, to registering with the authorities, or handling small practical matters that can otherwise be time-consuming and frustrating.
An investment in the future
With the many new arrivals from Europe and the rest of the world, buying property in Dubai is not only a safe way to secure a home in a dynamic city – it is also a solid investment in the future. Off-plan properties offer the greatest potential for profit, but regardless of the choice, it is important to get competent advice all the way.
At Friis Legal, we can help you safely through the entire process – from the first conversation to after-sales work – so that your investment in a home in Dubai is as easy and secure as possible.
Off-plan properties vs. ready-built homes in Dubai – what should you choose?
Dubai is today one of the most attractive places in the world to invest in real estate. Many people are moving to the city from Europe in particular, and the demand for both apartments and villas is increasing year by year. When considering buying a home in Dubai, you are often faced with a choice: Should you buy an off-plan property, i.e. a home that is still under construction, or should you buy a property that has already been built in Dubai?
The advantages of off-plan properties
For most investors, off-plan properties are the best option. You usually get a lower purchase price because the property is not yet finished, and at the same time you get a brand new home in Dubai when construction is complete. Many projects come with modern amenities, great locations and attractive payment plans, making the investment even more advantageous. With the strong population growth in Dubai, the probability is high that the value of your property in Dubai will increase significantly even before you get the keys.
Purchase of completed properties
However, there are also advantages to buying a ready-made home in Dubai. You can move in immediately or start renting out the property immediately. This can be a good solution if you want a quick income or want to live in Dubai for the short term. The disadvantage is that you typically pay a higher price and you do not get the same flexible payment plans as when buying an off-plan property.
The value of a real estate agent
Whether you choose an off-plan property or a ready-made home, it is important to have a real estate agent you can trust. A professional agent in Dubai will not only help you during the actual buying process, but also after the deal is completed. There is always after-sales work – everything from handing over the keys, to registering with the authorities, or handling small practical matters that can otherwise be time-consuming and frustrating.
An investment in the future
With the many new arrivals from Europe and the rest of the world, buying property in Dubai is not only a safe way to secure a home in a dynamic city – it is also a solid investment in the future. Off-plan properties offer the greatest potential for profit, but regardless of the choice, it is important to get competent advice all the way.
At Friis Legal, we can help you safely through the entire process – from the first conversation to after-sales work – so that your investment in a home in Dubai is as easy and secure as possible.
– Thomas Friis Nielsen (Business Lawyer and Tax Expert)