Business

Pros and cons of unplanned real estate in Dubai.


Pros and cons of unplanned real estate in Dubai. Bought an apartment under construction in Dubai. Real estate to invest and live in Dubai. Buy a house under construction in the UAE.

Advantages and disadvantages of unplanned real estate

Buying an apartment under construction is a common practice in Dubai and one of the most effective ways to make money. Is it worth buying an unplanned home? What are the risks? What are the advantages and disadvantages of buying a house at a project under construction? The source https://www.axcapital.ae/ answer these and other questions.

About the profitability of buying a house under construction

Buying an apartment in a residential area under construction means investing in your future. In particular, in the United Arab Emirates and Dubai, there are many earning opportunities, where real estate is one of the most profitable destinations. Unplanned apartments have more advantages – guaranteed payback.

The newer the project, the lower the selling price of the apartment. After the construction is completed, investors who receive ready-made houses can rent out or resell at a higher price.

Why is it profitable to invest in unplanned housing?

  • Costs at the construction stage are lower than the price of the finished property;
  • A wide range of housing from different developers in popular areas of Dubai;
  • Demand for buying and renting housing increased;
  • Quick return on initial investment;
  • High profitability – depending on the type and characteristics of real estate, the income profit can reach 12-15% / year.

Advantages of unplanned real estate

Buyers of apartments at the project under construction are announced the following advantages:

  • Fast transaction – within two weeks;
  • Contact the developer directly;
  • Individual payment plans;
  • Protecting the interests of the buyer, supported by the state in all stages of the transaction;
  • Minimal risk;
  • Profitability;
  • Payback of purchases immediately or after several years;
  • No income tax;
  • Online exchange.

Disadvantages of unplanned assets

It is important to emphasize that the Arab real estate sector is under protection. The law strictly regulates all housing transactions in the UAE. All developers with their projects and brokers must be accredited and licensed. No specialist is entitled to work in this field without it. So the risk of being deceived by the seller here is small.

Possible disadvantages of buying a home under construction include:

  • Real estate price reduction after completing construction and putting the project into use. The market price for ready-built housing may be equal to or lower than the price paid by the investor at the construction stage;
  • Freeze or cancel a project. Such an event in Dubai is unusual. In an unexpected case, the project is transferred to another developer and then completed, but the investors have to wait a little longer for the key.

Buy property in Dubai

Care real estate in Dubai Marina or another famous area of ​​Dubai? You can find your options in the catalog on Ax Capital. Moreover, there are more choices from top UAE developers on the site!





Source link

news7g

News7g: Update the world's latest breaking news online of the day, breaking news, politics, society today, international mainstream news .Updated news 24/7: Entertainment, Sports...at the World everyday world. Hot news, images, video clips that are updated quickly and reliably

Related Articles

Back to top button