Off plan properties in Dubai have grown in popularity over the past few years. The growth in tourism has resulted in an influx of new, luxury properties from Europe and North America. These have been predominantly apartments in Dubai but recently, more villas have been added to the mix.
Many of the new off plan properties in Dubai are located outside of the city centre and so require extra driving time. If the property is located close to the airport, then this can be a major bonus as you will not need to spend hours driving around the city and the property will be closer to the amenities. The added drive time however may come with a higher rental price.
When purchasing off plan property in Dubai, you will find that there are many different methods of ownership available. There are numerous ways to buy off plan property, including a fixed contract purchase or a lease with an option to purchase. A lease option purchase involves a tenant renting the property for a specified period of time, after which the buyer purchases it outright. Fixed rate contracts offer a purchaser a fixed monthly rental rate while a lease with an option to buy gives the buyer the option to buy the property at some future date.
If you are considering buying an off plan property in Dubai, then you will want to consider the factors that may influence your choice. The location of the property is an important consideration. Dubai is one of the most sought after real estate markets in the world. It has become the favourite location for a variety of multinational companies looking for an established business investment. This has encouraged the building of many of the world’s tallest and most modern buildings.
In addition to the location of the off plan property, you will also want to look at how secure the building is. You can research the security measures that each unit is protected by through the internet. Many of these buildings will be left standing while only a few have been secured with alarms. In the event of an incident, it is possible to stay in the building while it is being repaired. A good off plan property in Dubai will be closely monitored so that any incident is quickly resolved.
Another factor to consider when purchasing an Port de la Mer apartments Dubai is the condition of the property. Dubai laws require all off plan properties to be sound and in proper repair. Most properties are built according to local building codes, so this should not be a problem. However, you should be aware that some countries do not adhere to these regulations, so it is advisable to check the laws in your country before purchasing an off plan property in Dubai.
Once you have found the perfect property, you will need to consider the cost and the structure of the contract. Off plan property in Dubai can be purchased in several different forms, such as an apartment, a villa, a house or even a condominium. Each one of these contracts will have its own set of rules and regulations to follow. This is why it is important to thoroughly research the company that is selling the property you want before purchasing it.
There are a number of advantages of purchasing an off plan property in Dubai. Off plan properties will usually be less expensive than a typical development. You will also have a lot more flexibility in terms of planning for the future. Just make sure that the property that you purchase is built according to local building codes.