Investing in real estate in Dubai or off plan property
Off plan property in Dubai has indeed seen a huge boom in the property sector in recent years. The city is now well positioned for growth and the commercial properties are therefore in an all-time high. Off plan property Dubai houses many multinational companies as well as international families who find themselves unable to reside in the traditional home country of Dubai due to various reasons. Many of these property developers have been employing the services of several architects and designers to create a very unique set of urban living space in Dubai.
Off plan apartments Dubai apartments offer a distinct style that is not common in the traditional residential areas. These apartments are usually designed in an unusual way and are strategically located in Dubai. The main areas where off plan apartments Dubai can be found include Jumeirah, Satwa, Dubai Creek and Silom. They are strategically located and form a unique section of the property market for both the expatriate and the local property buyers.
Off plan property Dubai apartments also come with a number of facilities and amenities which are rarely available in the city. Some of the features include air-conditioning, security, car parking, internet broadband, business facilities, health clubs and a shopping centre. Several projects are under development in this area and yet to be launched. The planned developments in this area are likely to offer better facilities in future.
There is a massive growth potential in these areas of property for the upcoming years. The areas are considered to be the fastest growing in terms of population. This means that the demand for jobs is going to rise rapidly. With more people living in these areas, the transport systems and infrastructure need to improve to accommodate the increasing number of residents. The roads, local electricity and sewerage systems will have to be improved and modernized quickly.
These areas are considered to be safe, secure and professionally developed. The Dubai authorities are taking all possible precautions to ensure the security of the property investors and the employees of the companies involved in the development process. The Dubai property developer has to go through a series of planning permissions and clearances with the relevant departments before the project can start. This is to minimize risks and increase chances of getting approved for development.
Off plan properties have a number of advantages over the planned to be property. Off plan property Dubai apartments are usually located in areas where there is a high demand for housing and less supply. Off plan property is generally preferred by foreigners who do not want to commit themselves to long-term rental arrangements. It also offers a much cheaper option than the other type of property. A typical off plan apartment in Dubai may have similar amenities as that of a normal plan apartment, including kitchens, swimming pools, gyms and elevators.
Off plan property Dubai apartments are generally located close to the city’s business districts and tourist attractions. The location and proximity make it a perfect place to develop your off plan apartment. Since these properties are near the major tourist areas, they will attract a higher rental compared to a property located far away. It is also possible to get a cheaper rental for an off-plan property in Dubai because the laws on property rentals in the UAE are more lenient compared to those in other countries. There are no special taxes on rent in Dubai. Consider the port de la mer apartments in Dubai.
Planning your purchase of an off plan apartment or house in Dubai does require careful planning. Many things have to be carefully considered like the size of the property, its location and accessibility to shops, restaurants and other amenities. But by taking the time to research your options in Dubai and doing good research on the area you wish to move into, you will find that buying an off plan apartment is a very good investment decision. They are normally quite well priced and you will enjoy all the advantages that owning an off plan brings.