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Thinking offplan
Thinking offplan?
- What does buying off-plan mean in real estate?
Buying off-plan means purchasing a property before it's built or completed. You invest based on floor plans, renders, and the developer’s promise, often securing lower prices and flexible payment terms.
- Is it safe to invest in off-plan properties in Dubai?
Yes, if you choose government-approved developers and projects registered with RERA (Real Estate Regulatory Agency). Dubai has strict escrow laws that protect buyers' payments until project milestones are met.
- How do payment plans work with off-plan properties?
Off-plan payment plans usually involve a down payment (often 10-20%) followed by milestone-based installments during construction, and sometimes a post-handover payment plan after completion.
- Can I sell an off-plan property before it's completed?
Yes, many developers allow reselling off-plan units after a certain percentage is paid (usually 30-40%). This is known as a "property flip" and can be profitable in rising markets.
- What are the main benefits of buying off-plan in the UAE?
Off-plan buyers enjoy lower entry prices, customizable units, flexible payment options, and strong capital appreciation potential—especially in fast-growing areas like Dubai and Abu Dhabi.