Dubai: How is off-plan investment different from investing in ready properties?

Dubai: How is off-plan investment different from investing in ready properties?

One advantage of off-plan homes is the flexible payment schedule

By Ahmed Ali/Realty Bytes Published: Mon 30 Oct 2023, 5:40 PM Last updated: Mon 30 Oct 2023, 5:47 PM

Off-plan investment in Dubai involves purchasing a property during its planning or building stages, with decisions based on architectural sketches or renderings, and the property is typically not yet finished. One advantage of off-plan homes is the flexible payment schedule, where buyers pay the property’s cost in instalments during construction, making it more affordable and interest-free. Additionally, there’s the potential for capital appreciation, with the property’s value possibly rising by the time it’s finished, leading to better returns if the market is favourable and the location shows promise. Buyers also have the option to request alterations or choose from various finishing alternatives for their property.

On the other hand, investing in ready-to-move-in properties in Dubai means purchasing completed and occupied real estate, allowing buyers to visit the property in person before making a decision. Unlike off-plan investments, ready residences offer the advantage of immediate self-occupation or rental income, as there’s no delay in the completion of construction. Many buyers are drawn to ready properties due to their location in established communities with built-in amenities