NEW DEVELOPMENTS IN DUBAI – OFF-PLAN IN DUBAI

Investment property in Dubai is in great demand, as Dubai becomes the most desirable place to live and work, due to recent changes in the law, investors from all over the world can now purchase their own investment property in Dubai. Designated areas under construction are tempting investors to purchase off-plan in Dubai, encouraging foreign investment is having the desired impact and increasing tourism at the same time, estate agents in Dubai have details of the many new developments in Dubai. Stunning locations, ocean views and top of the range interiors are standard with many new developments in Dubai, many of which can be purchased off-plan in Dubai, developers from all over the world are involved in the construction of many of these new developments in Dubai.

Investment property in Dubai consists of villas, townhouses and apartments, many of which can be purchased off-plan in Dubai provided construction has not yet started or is in the early stages, all new developments in Dubai are built to the same high specifications with quality fixtures and fittings, state of the art technology is installed in all new developments in Dubai including air conditioning, lighting, and security systems, gardens, whether communal or private are landscaped and include swimming pools, garage and/or parking spaces are included in new developments in Dubai, buying off-plan in Dubai is quite a simple procedure and the need for a lawyer isn’t necessary, although purchasers would be advised to seek legal advise during the buying process, a deposit is required to reserve any off-plan in Dubai, usually around 15% of the purchase price, once construction has begun stage payments of 15% are required at each phase with the last payment on completion of 10%, investors who purchase off-plan in Dubai will see their investment property in Dubai increase in value considerably on completion, many investors who buy off-plan in Dubai will sell their investment property in Dubai before completion and make a good return on their original investment and move on to another new development in Dubai.

There are many new developments in Dubai for investors to choose from centered around the Palm Islands, many of the investment property in Dubai are residential, but many hotels, holiday resorts and shops are also under construction to encourage more tourism. With this in mind the rental potential of new developments in Dubai is very high and investors would be looking at a good rental income, many of these new developments in Dubai have breathtaking views of the ocean, and surrounding area including the new marina. With increasing tourism investors could choose to purchase a retail outlet amongst the new developments in Dubai, being able to purchase off-plan in Dubai has its benefits not only with the residential property, shops are required to ensure the needs of residents and tourists, there’s little doubt that investment property in Dubai is a booming business and demand for new developments in Dubai will increase as more and more investors realize the potential of buying off-plan in Dubai.