Ready or Under Construction property?Why? - AqarDXB

Ready or Under Construction property?Why?

Have you thought about investing in Dubai real estate? Are you confused between buying a ready or under construction property? And if you are looking for an investment opportunity or buying your future home, we have listed below some information that may be important to you, whether you are an investor or an end user.

1- The benefits of buying a property under construction

Purchasing off-plan properties can be a great way to invest and capitalize on potential profits. This means that the buyer can purchase it before its completion, as this option gives investors the possibility to obtain it at a lower price, potential discounts, flexible payment terms, and other benefits that are not available when purchasing ready-made real estate.

The main advantage of buying an off-plan property is the ability to purchase it at a discount compared to similar ready-made properties. Since the property is not yet constructed, in addition to this, some developers also include incentives such as free interior design, furnishing the entire property for free, or exemption from registration fees, which are 4% of the property price.

Another advantage of buying off plan property is the ability to customize it according to your specifications as many developers allow buyers to choose from several features or options when purchasing off plan property such as flooring options, paint colors and more. In addition, investors have the freedom to resell their properties once they are completed without having to wait years for them to appreciate in value like finished properties.

2- The benefits of buying a ready property in Dubai

Buying a turnkey property in Dubai is a great way to get a home that meets your needs while saving time and money. In addition, the process of buying ready-made real estate is simpler than buying real estate under construction.

Some of the advantages of buying ready-made real estate in Dubai:

immediate possession

One of the most important advantages of buying a ready-made house is that you can move in immediately after completing its purchase. If you buy an off-plan (off-plan) property, it may take several months for the construction to be completed before you can move in.

Financing options:

Because ready-made properties have already been built, lenders have less risk when offering them financing compared to off-plan projects that may be delayed or canceled altogether due to unforeseen circumstances such as funding shortages or permit problems. This makes it easier for buyers to get financing faster and on better terms than they would if they were trying to buy an off plan property with only a set percentage paid by the lending bank upfront required.

Ready Infrastructure:

With prefabricated homes, there is no need to wait for new roads and other infrastructure elements such as power lines and water connections – everything is already taken care of making living there more comfortable from day one!

When buying any type of property in Dubai, it is important to consider factors such as location, price, construction quality, and long-term investment potential. It is also essential to do your research before making any decisions as the range of options is wide.

Monitoring the progress of the project

Monitoring the progress of a construction project is essential for any buyer looking to invest in an off plan or turnkey property in Dubai. It is important to stay updated on the progress and status of the project so that buyers can make an informed decision about their investment. Tracking construction progress involves the developer providing regular updates, as well as issuing progress reports. In addition, buyers must check with the Dubai Land Department to ensure that all purchase and sale transactions are registered with them. The Land Department also monitors compliance with all construction rules and regulations.

When investing in properties that are under construction, it is important for buyers to be aware of the current completion status of such projects as this allows them to determine when they will be able to move into their new properties or start renting or offering them for sale and benefit from the expected profit. To help with this, there are services available that provide up-to-date information about registration, completion date, and description of real estate projects in Dubai. This makes it easier for buyers to keep track of desired projects and ensure that everything is going according to plan.