Offplan Vs Ready Property

As the Real Estate market trend in Dubai changes swiftly, decision-making for buyers can be hard due to ups and downs and a lot of things you will need to consider before buying property in Dubai. Making a decision and taking a step when you purchase something will have different factors to consider and will depend on your priorities and current situation. For you, what are the factors you consider for buying a property here in Dubai?
Here are some pointers to look at before making any decision

Off-plan Properties:
• The most evident advantage is that Off-plan properties in Dubai have lower prices compared to ready-to-move-in properties. Buyers can take advantage of this most especially for investors, though there are also risks in these investments, with the likes of delay in construction and slow phase in return of investment, but surely it will be returned. You must also check the current market situation, as you know, nowadays, nothing can be predicted. Always be alert and do proper research.

• Own a property in Dubai by just paying 5% - 20% as a down payment. In most cases, the developers are offering 2-5 years payment plans, which are advantageous for buyers as they get to live in the property or make business for it before paying it in full. For investors, this also helps them to gain more profit at an early stage of their investments.

• More and more options are available for off-plan properties in Dubai, you get to choose which area you would like to invest in, since Dubai has a large number of available properties, from apartments to villas. In addition to that, you get the pleasure of designing your interior. There might be a little possibility of having a conflict between the expected look that was shown before compared to the actual look of the property.

• There is a set of rules to protect any Buyer from fraud or cancellation of a project. These rules are from RERA (Real Estate Regulatory Authority) and DLD (Dubai Land Department). 

Ready Properties:
• Purchase the property at the agreed price or put it under the mortgage, and you'll have your property. Assuring that no hidden charges will arise while buying the property is considered one of the major advantages you may get from buying a ready property.

• The best benefit you can get from ready-to-move-in apartments for sale in Dubai is that 100% completion of the property and no risk of delay in construction and moving in, and the Buyer or Tenant can move in immediately. It is expected that the price will be higher, but still worth it.

• As we know that rent prices are competitive here in Dubai, and another advantage is that you can save up on rent. The money you will spend on rent can be used as an investment for your own home. Price may vary a little, but still, you get to save. For Businessmen, this is considered an immediate return on investment, as a lot of people here in Dubai are looking for a good place to live.

• We may have a different idea of what we would imagine our perfect home, and having the option to buy ready units is the best way to envision your new home because you will receive the unit as shown during the viewing, and you get the chance to study your future neighbourhood. You will have access to your comfort from travelling, going to work, school or for any of your needs, but there will also be limitations to modifying the interiors, it only goes to mix and match the colour of the walls and your furniture.