Tips for buying off-plan properties

1
Tips for buying off-plan properties
2

• Off-plan properties are a popular choice among
  investors. An off-plan property can be very
  profitable if investors make an intelligent and
  well-informed choice.
• At Patriot Real Estate, we have prepared a quick
  guide for you if you are planning to learn how to
  invest in off-plan properties in Dubai.

3

• Consulting before your purchase
• It is very important for an investor to take
  advise from a real estate consultancy licensed by
  the regulators. During this step, the investor
  will get the required data and information about
  the property. Real estate consultancy is a highly
  recommended step in a vast market like UAEs.

4

• Propertys Quality
• It is very important to take a detailed look at
  various factors that affect the quality of the
  property. This included the quality of the
  compound or the location in which the property is
  built and the availability of important services.
  To confirm the qualities specified by the agents,
  it's important to pay a visit to other projects
  by the developer.

5

• Completion Rate
• It is important to take into account the
  developers ability to match the timeline of
  completion as specified by him. The shorter the
  time period between the promised date and hand
  out date, the greater the developers
  reliability, which is taken into consideration
  when buying off plan property. It is important to
  do a background check on the developers because
  it is a possibility that the project may get
  discontinued and refunding may become an issue.

6

• Return of investment
• This is probably the most important factor.
  Return of investments should be studied and
  understood in detail before buying an off-plan
  property because they yield ROIs after a longer
  period. It varies according to the condition of
  the market.
• With an ROI ratio of 7 to 9, the emirates of
  Dubai is one of the cities with the highest
  return on real estate investment in the world.

7

• Project location
• It is recommended that the project site is
  located in a privileged area with all facilities
  and amenities at hand for the residents. It also
  needs to be well connected to other locations
  making the residents commute easier and their
  homes more accessible. The buyer should seriously
  consider the project location before finalising
  any deals.

8

• Real Estate in Dubai Properties in Dubai
• Patriot Real Estate
• Office No. 1401, Damac Executive Heights, Barsha
  Heights, TECOM,
• P.O Box 337036, Dubai UAE
• https//www.patriot.ae