Tips before buying an off-plan property in Dubai

If you’re planning to purchase an off-plan property in Dubai, you should become aware of certain factors in order for you to get the right off-plan property. It is true that having an off-plan investment in Dubai comes with numerous advantages, that’s why buyers and investors have seen great opportunity and profitable means of investment in the future.

Here are some of the essential tips you need to consider before purchasing an off-plan property in Dubai.

Location, location, location…

One of the most important things to consider before purchasing an off-plan projects in Dubai is the location. Whether you’re an end-user or investor, you should identify which location in Dubai suits your requirements. Identify which properties are located in the city centre or near any lifestyle needs including transportation, grocery stores, shopping malls, etc.

How much is your budget?

Your financial capability is one of the driving forces when buying an off-plan property in Dubai. Determine the how much money you’re able to pay or if you are eligible for a mortgage. Identify the size of the property you want as it may affect the price of a particular property whether it is an apartment, villa, or townhouse.

Research about the property developer

By researching about the background of the property developer, you’ll somehow estimate if the off-plan property you’re planning to buy is beneficial for you. Check the property developers portfolio, their previous off-plan developments, and how fast they can deliver to their handover date. Review these things and check how it benefits you when purchasing an off-plan property in Dubai.

End-user or investor?

Also, you need to identify the purpose of purchasing an off-plan property. Make sure to consider that when buying a new off-plan property in Dubai, end-users and investors have different requirements and lifestyle needs. As an end-user you will look it as your own home, living in that property for many years while investors think it as a holiday home and will consider factors such as the accessibility, convenience, and type of the property.

Make sure to consider these factors before purchasing an off-plan property in Dubai. This will definitely help you narrow down your options and help you land to the perfect property you need.