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Tips for buying off-plan properties

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.<br><br>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.<br>

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Tips for buying off-plan properties

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  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 UAE’s.

  4. Property’s 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 developer’s 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 developer’s 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

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