Bullet-Point Property: Dubai No. 88

When buying off-plan, one can reasonably expect to save on the current market price for an equivalent completed property in exchange for having to wait for the duration of construction and subsequent handover. 

With proper research, an understanding of the local market dynamics and taking advice from a professional, it is possible to choose an investment where capital growth is more likely if not assured.

Experience has taught us that capital growth from a few developers and some individual projects is very rarely possible due to various factors including their high stock levels and pricing policy often combined with their reputation for late delivery and inferior quality. You would be advised to wait with these developers and projects as its often possible to buy below their original price during construction and on completion.

Flipping or selling during construction is very tough to do successfully in this market, and it's not an investment tactic that I recommend for most people. I still hear that some developers' salespeople pitch this strategy to investors, but you should know that they will not be the ones to assist you when the time comes to sell despite what they may say.

Please seek out the advice and assistance of an independent and experienced professional agent before buying, its almost always free of charge.

What is happening in the market?

  • Seven days now remain for this very special offer ending at 12:00 PM on 31 July 2018 - The Emaar five-year payment plan on townhouses and villas in Arabian Ranches is the best ever seen in the market from everyone’s favourite developer. Pay 10% now, 10% on handover, move in and then pay 8% every six months for five years. It's an interest-free mortgage available to everyone and comes with no service fees for five years, and 100% off the DLD registration fees (no stamp duty) see the following for more details. The properties will be ready between now and December 2019. Email me for the latest availability, prices and  handover dates

 

 

  • Another Dubai Marina project which is on my recommendation list is Marina Gate 1, and they have ready to move in two beds starting at under AED 2.4m and penthouses at AED 7m on a two-year post-handover payment plan. Their Marina Gate II will be ready in Q1 2019, and you can find one beds starting at AED 1.52m, two beds at AED 2.48m or how about the Penthouse on the 61st floor, 5,845 sq. ft of living area and panoramic views for AED 12.8m – pay 10% now and 90% on completion. Email me for more information and the latest availability, prices and brochures

 

  • There is a developer who is always in my top five recommendations for anyone looking for a high-quality property at an affordable price. They have quickly become the benchmark that all other developers in their location need to reach to get my vote; tenants seek them out, buyers and agents trust them and investors are making money during and after construction. Their off-plan prices are competitive, and their completed projects demand the highest rents and the highest sales prices by a long way for the area. They are currently running an offer of 40% during construction and 60% on handover combined with 2% discount across the range. We have studios from AED 571k, one beds from AED 766k and two beds from AED 986k. Email me for more information and the latest availability, prices and brochures

Have you read last week’s Bullet Point Property email? Read it here

What about the 10 most common questions? Read it here

Thank you for reading this far and I hope we can be in touch again very soon.

PropertySteven Leckieproperty investment in Dubai, property prices, off plan property, Property Watch, property trends DubaiComment