ADVANTAGES OF PURCHASING AN OFF-PLAN PROPERTY IN DUBAI
Property investment is known to be amongst the most proven and lucrative investment methods currently available in the business. Furthermore, property investment is open to both local and foreign investors, which provides unlimited business opportunities for any open market clients all over the world. Nevertheless, it is a costly endeavour which requires long-term commitment by buyers in an effort to accumulate any profitable gains. Still, any investment instrument is not without its risks. Thus, an alternative was implemented to provide more options for investors to contemplate on before committing to any real estate purchases: off-plan property investment.
Dubai is a well-known destination for property investment due to its booming real estate industry. Upcoming mega-development projects like Emaar Golf Grove Villas and Meraas Cherrywoods Townhouses are among the newest off-plan properties in Dubai which will be completed within the next few years. As per recent reports, property prices will continue in a declining state for the year 2019. However, this is only going to benefit more for any potential investors as the return on investment (ROI) will be higher upon a lower purchasing price. This is only one of a few other benefits that you are looking at if you are still on the fence to invest in Dubai.
Another main advantage of investing in Dubai is its current strength of the local tourism sector. Boasting iconic landmarks such as the Burj Khalifa, Dubai Marina, Palm Jumeirah and the Burj Al-Arab, Dubai offers plenty of consideration for tourists to flock together towards the city. As the influx of tourists’ increases, there will be more opportunities for property investments to yield exclusive returns. Hence, it might be a good idea to buy property in Dubai Marina or anywhere close by. One cannot deny the lure of potential target market to be very vast in Dubai, that investing here will very likely be a highly profitable endeavour. However, if you’re planning to invest here, read and learn as much as possible before investing in any of them.
Property developers in Dubai are also very well established and known throughout the world. Companies such as Dubai Properties, Emaar Properties and Meraas are household names which also have their own respective development projects in countries like in India, Saudi Arabia and Egypt.
Off-plan projects by Meraas provide the highest potential value with which their upcoming Bluewaters Residence residential project coincides with the production of the world’s tallest Ferris wheel, Dubai Eye!
With potentials like these grand off-plan projects by Meraas, these reputable players in the industry provide ample confidence to investors that their projects are sure to hold marketable values in the coming future.
With all these shared upon, it is quite clear that investing in off-plan projects in Dubai is a venture that you will not regret. Upon its continuous economic growth and blossoming tourism sector, real estate prices will surely bounce back and soar higher than ever. Thus, it is wise to start investing now to enjoy those prospective profitable returns, once the dust settles.