The popularity and demand for off plan properties in Dubai have been on a steady rise in the last few years. There are plenty of reasons for that. Since off-plan properties offer lower rates and flexible payment plans compared to ready properties, both property investors and residential buyers prefer this option. Off-plan properties can do wonders for an investor’s profile. When guided by a competent investment advisory company Dubai, you can stand to gain a significant ROI from a well-chosen off-plan property. Why do you need an investment advisor, you wonder? You need one because the process of getting off-plan properties is not as simple as it might sound. To do this right, you need expert insight.
Off Plan Properties Dubai – A Rising Market
Real estate is one of the strong pillars, on which Dubai’s booming economy stands. Domestic buyers aside, the city attracts a significant portion of its expat population as well as foreign investors. Statistics show that off plan properties Dubai have remained high on demand ever since mega construction projects started taking place all around the city. These days, it is not surprising if a project sells all of its units even before construction is completed. A number of factors contribute to the rising popularity of off plan properties.
If you go through a reliable investment advisory company Dubai, you might be able to reap several excellent benefits. With new building developments, buyers get an excellent investment tool. Even though you do not get to see the physical property at the time of purchase, you can secure a highly profitable deal with the help of your advisor. You can negotiate the price in your favor if you buy a property before construction begins. Moreover, the price of each unit can go up significantly once construction starts.
Another great thing about off plan properties Dubai is that the down payment tends to be really low. Sometimes, buyers can even pay as little as 10% down payment to secure a deal. Furthermore, hiring an investment advisory company Dubai can increase your chances of getting handsome discounts on the property you are eyeing.
It is not without it’s Risks
Much like any other investment vehicle, off plan properties Dubai also have some risks associated with them. As an investor, if you are going for a strictly “buy to let” scheme, you will not see returns immediately. You would have to wait a considerable amount of time before you can rent out the property and generate income from it. There is also the risk of a project shutting down mid way through construction. In that case, you can incur heavy losses.
The best way to prevent such a catastrophe from happening is to work with an investment advisory company in Dubai. Investment advisor companies such as RiseUp only work with some of the best and most reputed builders in the city. With an in-house team of experienced consultants and advisors, RiseUp is in the perfect position to guide you in your journey. The experts can not only help you find the ideal off-plan property, but they can also help you secure a profitable deal.
When it comes to Off Plan Properties Dubai, it’s all about the long game!
For investors who are interested in off-plan properties, it is all about the future. As mentioned above, off-plan properties are not ideal for you if you are looking to make profits right away. You will have to wait at least until the construction is completed. On the other hand, if you have a rather long-term approach when it comes to investments, off-plan properties might be ideal for you. Once you secure one or more units at a much lower rate than ready properties, you can stand to gain a significantly high ROI once the units are completed.
With off-plan properties, thinking ahead and planning for the long term is the way to go. Hiring an investment advisory company Dubai is also a great way to avoid complications down the road. With their advice, you are sure to make sound decisions right from the start. Working with an investment advisor not only protects you, but it also helps to manage your expectations. Thanks to their valuable industry experience and insights, you will know exactly what to expect out of your investment.
A Game of Confidence
If you look at real estate investment as an intense sport, off-plan properties will certainly seem like the most exciting part of it. Despite their risks, off plan properties Dubai continue to attract investors from all around the world. The excellent rewards that you get by investing in these properties act as incentives for the time you have to wait before monetizing your investment. With off-plan properties, it is all about making moves confidently.
More often than not, the key to confidence is having the backing of an expert. An investment advisory company Dubai will be able to tell you which off-plan properties are worth a shot and which are not. They will also go over the contract and find and eliminate problematic areas that might create problems later on. To be more confident in your purchase decision, you can ask yourself the following questions:
- Has the property location been consistently popular in recent years?
- How are the other properties in the area priced?
- Are you getting a good deal?
- What is the rental demand like in the area?
- What type of revenue can you expect to generate from renting out your property?
- Is the area likely to provide significant capital growth?
- Is the developer or builder trustworthy?
Purchasing an off-plan property can feel overwhelming, especially if you are doing it for the first time. There is a significant investment and some risks involved. However, you can calm your nerves by working with a company like RiseUp. Known for being one of the leading real estate companies in Dubai, RiseUp has helped numerous investors make a fortune. If you want the same for your own investment career, get in touch with RiseUp today!