Advantages of buying off plan
include being able to secure your plot in advance and potentially choose from a range of fixtures and fittings for your new home.
In recent years the lure of that future promise has led to billions of dirhams worth of investment in the off-plan market as investors and end users alike turned away from ready property and focused on these new off plan
communities that form part of what I like to call Dubai 2.0
536 concerning the Regulations on the Sale or Lease of Off Plan
Real Property Units ("Off Plan
Regulations") was implemented by the Council of Ministers.
As the flurry of off plan
launches gathered momentum, liquidity was sucked out from the secondary market, while investors and speculators rushed to the primary market to capitalize upon payment plans.
Craig Plumb, head of research from JLL, said: "Off plan
projects are generally more profitable for developers than other projects, as the developer receives a proportion of the payment earlier in the process, and this cash can be used to finance later stages of the construction."
Through this agreement, off plan
purchase for the development will become more accessible to UAE residents, either as an astute investment or as a potential family home.
One topic I was going to cover, however, was changes to the Consumer Law, and in particular, how it affects property sales in Turkey and off plan
The law primarily regulates the sale of units in projects that are under construction (Off Plan
"Three bed properties at the scheme offer prospective buyers a superb lifestyle and feeling of space from as little as PS190,000 while reserving off plan
really puts the buyer in control and enables them to select the perfect home design for their family and lifestyle."
We were among the few people who bought off plan
apartments in Bahrain in 2008, unfortunately our apartment's value has fallen by half owing to the unrest.
"Buying off plan
gives purchasers the chance to really make their mark and create their home to their specification, whether it be choosing kitchen units or selecting bathroom tiles.
CARDIFF homebuyers in a position to buy now can reap the rewards of purchasing a property off plan
at Taylor Wimpey's Lychgate Gardens development off De Clare Drive in Radyr, Cardiff.