What Is Off-Plan Property in Dubai?

Off-plan property in Dubai is property under construction, and is a popular option with end users and investors. Mostly, this is due to the fact that it has a lower purchase price than ready to move in units and there is a possibility to resell off-plan property before its completion, thus, gaining higher capital appreciation.

Moreover, the majority of developers in Dubai require only a 5-10% down payment and you automatically become a full-fledged owner. The remaining amount can be paid during construction and upon/after handover, depending on the payment plan. Another perk of purchasing off-plan property is that it comes brand new with the latest technology, design and lifestyle features and on-site facilities.