tips for Buying Off plan property in Dubai

Tips for buying off-plan property in Dubai

Buying an off-plan or any type of property can and often is a daunting process.  However, with the right preparation and guidance,  it can very easily be just the opposite. Check out our top 10 tips for buying off-plan property and ensure you buy prepared.


Our Top 10 Tips


  1. Know your Budget – Take a close look at your financial position and speak to your financial advisor. Budgeting correctly will ensure you don’t bite off more than you can chew and end up in a position where you are unable to meet your payment requirements.
  1. Know your reasons for buying off plan – Before you even start looking you should know what your reason is for buying an off plan property is. Buying a future home you will live in is very different from buying an investment property and the two will need to be evaluated differently. Remember, certain properties can make great investments but less than average family homes. The opposite can also be true.
  1. Do your research – Buying a property is for some the biggest purchase they will ever have to make. It’s therefore, a decision that should not be made lightly but rather a decision that should be made after sufficient research and thought.
  1. Get Professional help – Doing your own research is great and very important however enlisting the help of a professional will give you a fresh set of eyes and a professional point of view. In the Dubai real estate game this could save you tens of thousands.
  1. Know who you are buying from – Buying an off-plan property is not like buying a ready property that you can see and feel. When buying an off-plan property you are essentially buying from a brochure and the word of the developer. It is, for this reason, imperative that the right research is done into who you are exactly buying from. Ensure the developer meets all the legal requirements and has a good track record. Looking into their past projects is always a good idea as past performance is usually a good indication of future performance.
  1. Know the area – Whether you are buying for investment or to live in you need to be familiar with the area you are buying in. Things to take into consideration are; proximity to city/sea or other points of interest, road access and public transport links, future plans for the area/community, area reputation and demographic and etc.
  1. Know what you are buying – Once you have selected your area and project it’s time to select your unit. Before doing so take into consideration orientation, position, and views that will be on offer. This will ensure that the “sea view” doesn’t end up being a “car park view”.
  1. Understand what you are signing – Signing a purchase contract is serious business so before doing so you need to make sure you know exactly what it is you are signing. Seek professional advice and ensure you are fully aware of your obligations.
  1. Have an exit and a contingency plan –  As much as we would like them to things don’t always turn out as planned. It’s therefore important to be prepared in case circumstances change and you need to liquidate. Have a plan B even tho you may never use it.
  1. Enjoy the process – Yes, it can be stressful and nerve-wracking but buying a property should be and is a great achievement. Don’t lose sight of this and the fact that when done right, the property purchase you make will reap rewards for years to follow.
  2. Price Matters but isn’t everything – Just like any global city Dubai offers buyers a wide range of real estate options oftentimes at varying prices. Now, of course,  price matters and plays an important part in everyone’s decision-making process. With that said cheaper isn’t always better and any cheap property in Dubai or anywhere else should be looked at and evaluated more closely than most.


Dubai Off Plan Property Buying Tips in Summary

Yes, the process of buying an off plan property can be a little scary and even the part most would-be property owners dread. However, if you follow these off plan property buying tips and take your time in making a decision you will go a long way in making the process less daunting and who knows; maybe even enjoyable.

Now that you are familiar with some great tips for buying off-plan property check out some of the latest latest projects to be released across Dubai.

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About The Author
Charlie Budnjo

Charlie is a real estate professional with over 15 years experience in selling, buying and writing about property. Part of the team for over 8 years Charlie covers all things related to Dubai's latest project releases.