Why Buy an Offplan Property
We get asked about “why to buy an off-Plan property” very often. Here is the answer. In Abu Dhabi, the climate is set to govern an easier & smoother off plan sale, for the following reasons:
- If you’re looking for a long-term investment with large profits, then buy an off plan with no extra charges. (No agency & registration fees).
- You’ll benefit from a long settlement period with a low deposit of generally 5%- 20% of the purchase price.
- Offered at lower prices, with easy payment plans, and distributed installments.
- Selection options & personalization – you can select your ideal choice from a variety of units and also make changes to the home to suit your own tastes.
- Secured Payments – Importantly, in Abu Dhabi all payments you make will be secured in an ESCROW Bank account linked to the construction progress and paid out to the developer only for the project you paid for.
- Increased ROI on handover – Buyers will benefit from an increased return on investment as they will probably witness a price increase after completion of the project. There is also an advantage of a fixed price, which allows the buyer to enjoy total value property appreciation while making the payment in stages throughout the construction period.
- You’ll receive a brand new property with one year of Defect Liability Period (DLP) where the developer will bear the costs of any maintenance problem
- Low Risk –most of the risk fall on the developer. Developers will be committed to complete the project thoroughly and within an adequate time-frame in order to complete the sale.m
- Get advice from professionals
- Know who you are buying from
- Know the project/development
- Buy and budget correctly