What is an off-plan property?

An off-plan property refers to an unconstructed property coming directly from a developer's end. It is a property for which only a provision is launched or minimal construction is conducted. The developers provide the brochure, floor plans, and other details for the buyers to understand the project thoroughly, and to safeguard their interest, a Sales & Purchase Agreement (SPA)/Oqood is signed.

There are multiple benefits of investing in off-plan properties in UAE, some of them to note are:

- High Capital Appreciation: Real estate in the UAE has shown to be a lucrative investment. Whether you pay in installments or a lump sum, the value of the property tends to increase during construction. Moreover, you have the option to sell it before or after completion. If you buy a property in an underdeveloped area that is gradually transforming into a thriving community, the market value of that property will inevitably rise.

- Stellar Prices & Flexible Payment Options: Investing in real estate through off-plan properties offers affordable and practical options compared to buying already constructed developments. It allows both new and experienced investors to take advantage of lower prices and flexible payment plans. Developers competing on pricing and payment options give off-plan buyers a considerable edge.

Off Plan