UAE: Understanding if the current market is better to invest in an off-plan or a ready property?

  • Date: 22-Apr-2021
  • Source: Gulf News
  • Sector:Real Estate
  • Country:UAE
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UAE: Understanding if the current market is better to invest in an off-plan or a ready property?

Dubai: If you are on the lookout for a suitable property to invest in, a factor you would be considering while choosing a property is whether it's better to buy an off-plan or a ready property, and also if now is the right time in the real estate market to opt for either of the two options. As these are questions that arise in the minds of almost every prospective buyer, there is often a need to analyse which option is the better of the two and weigh how once can time the market to help make a decision. Over the years we have seen market trends that favour both, and both options have their respective advantages and disadvantages and therefore it is important to check the benefits and risks of both. It goes without saying that while deciding, it is imperative to look into the current market conditions and make an informed decision that best benefits you. Also one should consider not only the immediate benefits but have a long term perspective and measure them as well. Off-plan property is a property before a structure has been constructed upon it. Pre-constructions are usually marketed to real estate developers and