Dubai off plan sector versus the ready projects is a complicated question in itself. There has been a long debate on the topic in the global real estate market and in Dubai. The question here is whether it is better to invest your hard – earned money in a ready-made property or in an off plan property. There are several answers to this question but the developers will undoubtedly advise the buyers that the off plan is the better option. On the other hand many experts maintain that completed projects or the properties are the safer. Both the Dubai off plan sector and the ready projects has its pros and cons. But mainly it depends upon the personal circumstances, budget and various other important factors.
When you making this important decision there are few things to take into consideration such as Budget Your budget will determine you when to invest, where you should invest and what you get for your money. Investing in the Dubai off plan property will allow you to get return on the investment. The Developers now days offering attractive payment plans for the off plan projects with little or even no down payments. The monthly installment is also an affordable option that spreads out over a number of years. This offer allow many investors to invest in the Dubai market as perhaps may not be able to do on the ready project. the main advantage of buying an off plan property is the buyer spread out the payment for the longer period at better price whereas for the ready project the criteria is totally different. On the other hand not everyone want to wait for the long period of time to take the property many people just want to move in straight away. Risk While talking about the off plan property there are certain risks. As the investor is totally depending on the developer and the contractors. As the investor is investing in the project which is yet to be started. As the investors are paying for the long term so the project is taking time to finish the construction. Sometimes there is delay in the construction or the developer cancelled the project. there is also a risk that the the market will go in decline as the time the project is hand over to the buyer. No one can determine the best or the worst time to invest so there is always a risk in investing in the off plan properties. As the conclusion both the ready and the off plan projects have advantages and the drawbacks. But it depends on the investors how they want to invest their money in the property in Dubai. The Dubai off plan properties offer the residents the affordable options with attractive payment plan without the down payments whereas the ready project are expensive but offer the residents to be the own at the same time when they want.
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