Buying off-plan property means purchasing property – typically an apartment – in advance of its completion. Off-plan property is typically sold prior to construction beginning at a significant discount, often with a small deposit requirement.
Buying off-plan lets you purchase property at a price that could be below its future market value and the principle has become a commonplace method of sale across the country; although Dubai, due to the potential returns on capital, and a strong rental market, is where most off-plan purchases take place.
Buying off-plan property is simple, especially with the large amount of development going on in Dubai today. A wide range of apartments, from studios to large family apartments and houses, are available for purchase off-plan.