Off-Plan Properties for Sale in Downtown Dubai

FAQ

Are there any additional costs involved in buying off-plan properties?

There are typically no additional costs for buying an off-plan property in Dubai, but the transaction is always subject to the 4% DLD fees and admin and registration fees. It's important to budget for these potential expenses and clarify them with the developer beforehand.

Can I sell my off-plan property before it is completed?

Yes, selling an off-plan property before completion, known as "flipping," is possible. However, it depends on the terms of the sales agreement and market conditions. Some developers may have restrictions on resale.

How is the payment structure usually arranged for off-plan properties?

Payment structures typically include an initial down payment followed by a series of instalment payments linked to construction milestones. Final payment is made upon completion and handover of the property.

What are the advantages of buying off-plan properties?

The advantages include lower initial prices, potential for high capital appreciation, customisable options, and access to modern amenities and designs. Buyers often benefit from flexible payment plans as well.

What are off-plan properties?

Off-plan properties are properties that are available for purchase before they are completed. Buyers often purchase these properties at a lower price compared to the market value after completion. This type of investment can offer significant returns once the property is completed and its value appreciates.