Off-plan sales are growing once again in Dubai
After last few years of sluggish growth, Off-plan Dubai properties are making a comeback. Due to the improved economic performance and other important factors across the Emirates, buyers, both local and foreign, are turning their heads back to off-plan projects in Dubai. What are off-plan properties? Off-plan properties are properties, which have not been constructed but are already up for sale. In some countries, they are called, pre-selling properties. They are referred to as off-plan because they are sold off from a plan – while they are still in the building process. Generally speaking, the closer the completion of a project, the higher the price will be. In theory, investors buy off-plan properties at a much lower price to gain a higher return on investment. Why off-plan properties became unattractive Starting around 2015, off-plan projects have witnessed a slowdown in sales. Traditionally off-plan properties have been popular in the UAE. However, because of cert...