Off-plan apartments for investment in Dubai
Statistics show that one of the most effective ways to secure money is investing it in housing. The UAE and Dubai in particular tops the list of overseas property investment destinations. The city is one of the leading regions with the most developed infrastructure, therefore the ROI for off-plan apartments is constantly growing. The local market also offers completed new projects where you can buy a prospective investment property in Dubai. Each option has its own advantages, but the prices for off-plan apartments are much more affordable.
Off-plan apartments in Dubai at prices from developers
There are many advantages of buying an apartment in Dubai under construction by the sea for investment and relocation. They include:
- Popularity of the United Arab Emirates amongst holiday-makers thanks to the local climate and top-notch tourist facilities. The regular influx of tourists from all over the world boosts the return on investment in residential real estate sector.
- Local taxation system. It allows you to rent out your property without paying any extra rental income as well as property ownership taxes.
- Property investment also allows you to apply for a residence permit after the construction of your property is completed.
Also, investors in real estate note among its advantages a relatively affordable cost, when compared with the prices of European countries, and high liquidity.
Before buying an investment apartment, it is worth exploring Dubai’s real estate market. Property offers vary in price and types from neighbourhood to neighbourhood. Almost all neighborhoods offer off-plan options. However, foreigners are allowed to buy property only designated areas, the freehold zones.
Housing prices start from $150,000 for a studio apartment. The final cost depends on how elite housing is. Penthouses are more expensive than standard apartments. Private investment in Dubai’s apartments brings high returns. The return on investment for an off-plan apartment depends on its amenities and when it is completed.
When investing in an apartment in a new building under construction in Dubai, it is important to study the information about the developer. It is worth checking other projects of the developer and reviews of property owners. You also need to considerate floor plan of the apartment and the amenities the project features. The returns are higher if the development:
- Has a swimming pool, gym and playground.
- Is close to kindergartens, schools and other facilities.
You can get stable revenues by renting out the apartment when it is completed since the influx of tourists tends to increase and the holiday season in the country lasts a whole year.
Buying an off-plan apartment for investment in Dubai
Today, in order to buy a home abroad, you do not have to visit this country. You can find an investment off-plan apartment that will suit your goals without leaving your home. The company's catalogue offers various options, among which you can find the best one for investment in apartments in Dubai. Check out our very latest investment deals today!