Dubai Real Estate: Is it worth investing in under construction or ready to move in properties?

The Dubai real estate market is becoming increasingly competitive. High profitability, developed infrastructure, competent government programs attract investors from all over the world. What is more profitable to invest in: ready to move in or under construction? We will try to answer this question in today's material.

Dubai Real Estate Market: Trends and Prospects

The year 2002 can be considered as the birth of the real estate market in Dubai. At that time, Sheikh Mohammed bin Rashid gave the green light for foreigners to purchase real estate. As a result, the program aimed at attracting investors grew into a highly successful campaign that began to stimulate the economy of this region.

In just a few years, investing in Dubai real estate began to provide owners with a stable, high return, encouraging them to invest more money in the emirate's unique projects.

Since 2022, the market has been breaking new records. The volume of real estate sales in February 2024 reached its peak, amounting to 9.2 billion euros. Experts predict that this trend will continue in the future and the list of investors will be filled with wealthy representatives from different countries.

Buying an off-plan property in Dubai: Advantages

In general, the choice between investing in ready-made or under construction real estate in Dubai depends on financial capabilities, investment objectives and risks associated with each of these options.

If we talk about the first option, among its advantages we can highlight:

1. The ability to see the property in person, evaluate it and make a purchase decision.
2. Minimal risks associated with the completion of construction.
3. The ability to immediately find tenants and receive income.
4. Convenient location of ready-made properties in areas with developed infrastructure.
5. The ability to obtain a long term visa (UAE Investor Visa).

Disadvantages of buying ready-made real estate in Dubai

Buying under construction homes in the Emirates: Advantages

Under construction real estate in the UAE also has significant advantages:

1. The cost of the property increases as construction progresses. It is possible to buy an apartment in Dubai at the first stage of construction and resell it at a profit upon completion.
2. Investors can choose from a variety of layouts and finishes, allowing them to purchase a home that meets their preferences and requirements.
3. More flexible payment options.

Disadvantages of buying under construction real estate in Dubai

Under construction or finished property in the UAE: let's summarize the results

In general, the choice between under construction and ready made real estate in the UAE depends on the individual needs, capabilities and preferences of the investor.

Those who are looking for a unique home and are willing to wait may prefer a property under construction. On the other hand, those who need a home immediately or are interested in an immediate rental income may prefer a ready-made option.

It is important to understand that buying real estate in Dubai requires careful study of the real estate market and competent analysis of your real options before making a final decision.

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Contacts

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