The off-plan property market in Dubai is huge and there are plenty of options available to suit every budget. You can find apartments for sale in Dubai, which is the most cost-effective and luxurious properties available. The property market in Dubai has cooled off slightly from what it was due to the global financial crisis but the demand for off-plan properties is still very high. This market is characterized by a mixture of on plan properties which are being rapidly resold by owners either to move out of the city or just for sale.
There are several reasons why buyers are opting to go for off plan properties in Dubai. One is that the market is now very competitive and offers great value for money. Before the global recession broke the back of the economy, buyers had been looking out for bargains in off-plan apartments for sale in Dubai. However with the new measures and restrictions introduced by the Dubai government to curb money flooding the real estate market, most people were apprehensive of investing in the stock markets. With less cash to spend on real estate, the cost of living has drastically reduced making it a viable option to invest in real estate. Dubai’s off plan apartments for sale in Dubai have benefited greatly from the current economic conditions.
The market is extremely competitive and you will find a number of apartments for sale in Dubai under the on plan category. Many off plan properties in Dubai have been made into apartments and this has reduced the costs significantly. There is a huge demand for off-plan properties in Dubai is well placed in the world to take advantage of this trend. Dubai’s economy has experienced some tough times in the recent past but the demand for property is still very high. The city is rapidly growing and the population is expected to increase in the coming years so the demand for properties like apartments will continuously rise.
Another reason for investors choosing to purchase an apartment in Dubai is that many of these apartments come with the option of a freehold purchase. Freehold means that the buyer will have full possession of the property for a fixed period of time, often many years, and in return, he will be required to purchase the property. This is one of the best advantages that comes with off-plan properties in Dubai and this has resulted in many investors choosing to buy such properties.
One of the reasons that makes off plan properties in Dubai so attractive is the climate in the city. Dubai enjoys hot and humid summers and winters, which are perfect for families who want to escape to the city but are not quite ready to move yet. Dubai’s climate allows residents to enjoy long summer months and a short spring and autumn months. As for the fall, there are generally not too many heavy downpours in the area and this allows residents to enjoy the weather without worrying about water damage. Most of the city-walk apartments for sale in Dubai are located in the warmer parts of the city and many are located right on the beach or on a scenic river where residents can step out into the sun and enjoy the natural beauty of the area. Dubai is known for its emphasis on eco-friendly living and the buildings that are constructed with eco-friendly methods are also very common.
Off plan properties in Dubai also offer a more modern living experience, with many apartments and villas being designed with the latest software and architecture. Many of the city walk apartments for sale in Dubai were designed by world-renowned architect Zaha Hadid. These modern designs provide residents with a sleek and stylish city that exudes sophistication and glamour. Whether you are looking for an investment property or a permanent home, buying off plan properties in Dubai can ensure that you get the ideal property location at the right price.