Determining Factors for Buying Off-plan Property in Dubai
- Date: 2008-07-28 - Word Count: 324
Share This!
The concept of off-plan property is becoming a rage in today's real estate market. Investing in ‘still built' property is getting popular with more and more customers are choosing this option of acquiring their preferred property location. In this article, we'll discuss determining factors that are facilitating selling and buying of off-plan properties in Dubai:
Know your Property Developer
Before making a property deal, an investor has to research everything about the concerned property dealer. Try to find his or her credibility in the business, experience of handling past projects, business history, everything else that may help to develop trust on the developer.
Know the Background story
In Dubai, most property developments have government support. It simply means that have lesser risks than in comparison to private developers.
Always Estimate the Price of Property Units
If the developer is offering you a very cheap price, you need to think twice about making the deal. It is mainly because, in most cases, such deals result into a disastrous arrangement. They are of inferior quality and may be troublesome afterwards.
Get the Escrow Account Bank Details
To support the increasing real estate dealings, the government is making it mandatory to have escrow account for all off-plan property development in Dubai. Check thoroughly to see how many banks offer such facility.
Mode of Payment
Different developer have adopted different mode of payments for their property. Choose the one that offers you the maximum benefits for paying off your debts.
Estimate the Stage of Development of the Property
Off-plan Dubai Property can be sold in different stage of development. If you are dealing in the one which hasn't taken off yet, you face the highest risk because the construction might get delayed. Think carefully about the risk factor involved in your real estate dealings.
Choose the Appropriate Location of the Dubai Property
The price of the property is determined by its location. If you choose the prime location, you may have to pay the higher price. So, think carefully.
Know your Property Developer
Before making a property deal, an investor has to research everything about the concerned property dealer. Try to find his or her credibility in the business, experience of handling past projects, business history, everything else that may help to develop trust on the developer.
Know the Background story
In Dubai, most property developments have government support. It simply means that have lesser risks than in comparison to private developers.
Always Estimate the Price of Property Units
If the developer is offering you a very cheap price, you need to think twice about making the deal. It is mainly because, in most cases, such deals result into a disastrous arrangement. They are of inferior quality and may be troublesome afterwards.
Get the Escrow Account Bank Details
To support the increasing real estate dealings, the government is making it mandatory to have escrow account for all off-plan property development in Dubai. Check thoroughly to see how many banks offer such facility.
Mode of Payment
Different developer have adopted different mode of payments for their property. Choose the one that offers you the maximum benefits for paying off your debts.
Estimate the Stage of Development of the Property
Off-plan Dubai Property can be sold in different stage of development. If you are dealing in the one which hasn't taken off yet, you face the highest risk because the construction might get delayed. Think carefully about the risk factor involved in your real estate dealings.
Choose the Appropriate Location of the Dubai Property
The price of the property is determined by its location. If you choose the prime location, you may have to pay the higher price. So, think carefully.
Related Tags: dubai property, property in dubai, property dubai, dubai properties, property for sale dubai
The article is contributed by a professional content writer. For further information on Dubai Properties and Dubai Property please visit at http://www.dubaipropertysearch.net
Your Article Search Directory : Find in ArticlesRecent articles in this category:
- 5 Reasons to Buy Jasper Real Estate
Jasper is a small town in North Georgia and it is growing rapidly. Since North Georgia Foreclosures - Ellijay Real Estate
Ellijay Georgia has always been known for it's outdoor activities and seasonal festivals. Downtown E - How to Deal With Blocked Drains
A blocked drain is an occurrence that happens eventually to all households. You may have experienced - The Benefits of Hiring a Plumbing Consultant
Your dream home may not always be brand new, with fresh paint and home essentials. There are certain - The Worst Mistake You Can Make When You Apply to Rent a Home
A whole new class of people has become renters and potential renters in America during the last thre - State of Individual Real Estate Markets
Everybody is well aware of the hit that the real estate market has taken over the past three years. - Thoughts on Avoiding the Landlord Trap
I've heard several people say they would never invest in a multifamily rental property because they - An Idea to Increase the Bottom Line of Your Investment Property
Are you pretty sure that you've already maximized the income coming from your property? If you've cl - Finding the Value of a Piece of Investment Real Estate
There is a lot of confusion about how much investment property is really worth. We'll look at three - Arkansas Land For Sale - Search Engine Optimization and Your Website
If you have Arkansas land for sale and are interested in advertising it on your website I have a few
Most viewed articles in this category:
- How High Did Home Prices Really Go
The U.S. Census Bureau released data on Tuesday that revealed where the nation's hottest markets wer - New Homeowners Tips for Household Safety
With so many items on their ¡°buying a home¡± checklist, few homeowners take into considerati - Truth About VA Foreclosures
Many people now days are finding themselves out of work and not being able to make the mortgage paym - Avoid Rookie Real Estate Investing Mistakes
When Robert Kiyosaki, author of the Rich Dad book series, bought his first property he was, of cours - Finding The Perfect Roommate On Craigslist
Craigslist, Roommates, and The Concerns Craigslist is "great" when it comes to looking for housing - The Forgotten Secret To Selling Property - Simple, Quick And Cheap
Why spend big dollars trying to get people to drive a long way to see your house, when your best pro - Get Amazing Results Selling Real Estate Online
This is the age of the internet. Why not take advantage of the widespread use of the internet to ad - Dallas Real Estate Information
In the United States, Dallas is considered as the second leading state according to the area. If any - The Largest Private Equity Indian Real Estate Deal
In the largest private equity deal won by the real estate sector, Morgan Stanley Real Estate has inv - Fractional Real Estate Ownership
Fractional ownership of vacation ski condos is growing in popularity. Park City Utah a popular ski t
