Buying off-plan property means you commit to purchasing a property either before or during the construction phase. It has significant advantages:
Plan and save money – It allows investors to obtain a purchase at the earliest and lowest possible price and buyers to pick the very best apartments in a specific development. The ROI is that there’s a high chance of gaining the maximum return on their investment.
Sell before the completion date – Investors can sell off their off-plan property contracts prior to the completion of the projects and at a considerable profit (assuming the market is well-performed and proved popular.
Lower up Front Costs – Off-plan property payment plans can and do vary from different types of developers in Dubai. Some of the developers only require a 10% down payment and the rest linked to constructions the required expenditure is relatively low.
A property before a structure has been constructed upon it; i.e. an under construction property.