Is it a good time to invest in Dubai real estate? What are other costs involved? Our property specialists have answers for this, along with property options for everyone.
We have launched a property section to give you a selection of coveted properties on the market.
Dubai is one of the cities with the highest Return on Investment (ROI) in the global real estate market.
- Investors prefer to buy property in Dubai because the city is highly-rated in terms of safety and infrastructure.
- The upcoming Expo 2020 is set to increase the population count and drive more demand for the real estate market.
- Dubai's real estate market witnessed a continuous growth, where the market recorded 39,802 real estate transactions worth AED 162 billion from the beginning of the year (2018) till the end of September.*
*Source: Dubai Land Department
Convenient payment plans
There are a variety of plans coming up in 2019, with convenient payment options for buyers. The latest in line are completed projects which developers are providing with post-handover schemes. Projects include off plan projects and ready villas for sale in Dubai.
These liberal payment schemes offer schemes that allow buyers to pay 10–30 percent of the property value during the construction phase and the rest as installments over several years post-handover.
Buyers should always do their due diligence before investing in low-entry point projects.
According to our Property Specialists, buyers are postponing their buying decisions until next year, expecting prices to decrease over 2019.
But, now is the best time to purchase off-plan projects as the prices have stabilized in the Dubai real estate market as of and buyers can avail attractive payment options.
Highly regulated market with transparency
The market is regulated by RERA - Dubai Land Department, which has enforced strict regulations and provides real-time updates regarding various projects to investors which ensures greater transparency, unlike other markets in neighboring countries.
As per the latest regulations, developers have to inject 20 percent of the total project value as cash as opposed to a bank guarantee or explore joint partnership options, contractors or angel investors for their project.
Recent changes in the regulation provide extra security to the buyers ensuring that the developer will complete their project on time.
Investors are more assured regarding their purchase as the law protects them during project delays or if the project is being kept incomplete.
Best locations within Dubai to invest with best ROI: