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What Is Off-Plan Properties in Dubai

An off-plan properties for sale in Dubai and the UAE means that the developments is still in progress or even in the blueprint stage and hasn’t started yet. Purchase of an off-plan property in Dubai comes with many advantages since most real estate developers in United Arab Emirates offer special terms such as post-handover payment plans.

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Leading Dubai Developers

Emaar

One of the best Dubai’s real estate developer with an expertise in retail, hospitality and leisure. Emaar developed most of the popular projects in Dubai such as Burj Khalifa, Downtown Dubai, Emaar Beachfront, Dubai Hills Estate, Dubai Creek

Meraas

Being one of the leading developing company in Dubai, Meraas has built many iconic and high demanding projects including Bluewaters Residences, BVLGARI Resort & Residences Dubai, Port De La Mer, Sur La Mer and City Walk

Dubai Properties

Dubai Properties is a UAE-based developer with over sixteen years of experience in commercial and residential property in Dubai. The most significant projects by Dubai Properties are Madinat Jumeirah Living, 1/JBR, La Vie, Serena, La Rosa

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Dubai Real Estate FAQ

In 2021, the Emirate ranks #42 in Mercer’s Cost of Living Survey, so the city is more affordable than San Francisco, London and Paris. The area where you choose to reside is one of the major aspects determining how expensive the cost of living in Dubai will be for you.

UAE residents have to renew a driving license in Dubai every 5 years, while for UAE and GCC nationals the term duration is 10 years. A driving license renewal can be done online via the RTA website, RTA Smart App, Dubai Drive App or via self-service machines at any Customer Happiness Center.

Selling property in Dubai is far from a complicated process with the help of a qualified real estate agent. After finding a specialist, you will need to sign a ‘FORM A’, to formally mandate brokering and marketing with that agent.

First of all, you have to know that while it is perfectly legal to sell off-plan property in Dubai, developers set certain restrictions in order to keep these transactions under control.

To begin with, the investment property market in Dubai offers higher rental yields than many other mature real estate markets. In fact, the average ROI here ranges between 5% and 9% as property prices per square foot are significantly lower than in other cities across the globe, such as London, Hong Kong and Paris.

In order to start investing in Dubai real estate, you have to identify the investment purpose first. Besides being used as private residence, properties can be rented out and resold, which are perfect options if you are looking to generate some income.

In Dubai, UAE residents are allowed to buy properties only in designated freehold areas. Off-plan developments are a very attractive option, since their prices are lower and developers offer flexible payment plans.

When investing in property market in the UAE, many individuals tend to secure a long-term income by becoming a landlord. It is worth noting that residential real estate can generate from 5 up to 12% ROI, which really high in comparison with European capital cities.

Our Expert Will Help You Buy

The Best Off-Plan Property in Dubai

Ahsan Tauheed

Senior Sales Advisor
of Metropolitan Premium Properties