Advantages of Buying Property from Developers in Dubai
Buying property in Dubai is an investment in the future and an opportunity to enjoy the luxury and conveniences that developer-owned properties offer. This article will explore the advantages of buying property in Dubai and why many investors and expatriates choose this city for their investments.
Spacious Apartments
One of the main advantages of Dubai’s real estate is the spaciousness of its apartments. By the standards of significant metropolises, Dubai’s living spaces are impressive. The average studio apartment size is 35–40 square meters, one-bedroom apartments range from 45–60 square meters, and penthouses can reach over 1,500 square meters. This fact provides clients with ample space for living and entertainment.
Quality Finishes
Quality finishes are a crucial aspect of Dubai’s real estate. Almost all properties in Dubai are sold with finishes already in place, making buying more convenient for clients. While the finishes may not always be at the premium level, they are on par with the standards of business-class properties in other major cities like Moscow. Many properties also have built-in furniture and plumbing, further simplifying new owners’ lives.
Underground Parking
When purchasing property in Dubai, owners automatically receive parking in the underground parking facility. Given the region’s climate, this is essential where car air conditioning is necessary. Moreover, when buying multi-bedroom apartments, multiple parking spaces are often provided.
Unique Benefits
Developers and agents in Dubai employ various strategies to attract clients. In the fiercely competitive luxury real estate market, they emphasize the uniqueness of their properties. Developers may offer advantages in terms of location, such as beachfront properties, private beaches, green areas, and proximity to shopping centers and city transportation hubs.
Some developers focus on internal infrastructure, providing landscape design, panoramic pools with jacuzzis, fitness centers, restaurants, cinemas, gardens, tennis courts, and fully secured premises.
Innovations and Design
The pace of architectural and engineering advancements in Dubai is impressive. Many homes offer high-quality turnkey finishes, smart home systems, private pools, and jacuzzis on terraces. Even homes built just a few years ago can be considered “retro” in Dubai, except for iconic properties like the Bulgari Resort and Residences. For instance, the cost of five-bedroom apartments in this elite complex can reach $16.3 million.
Primary Real Estate
Several factors can explain the trend of purchasing primary real estate in Dubai. Firstly, secondary real estate decreases in value compared to its initial state due to continuous new property developments. Secondly, clients can take advantage of interest-free installment plans over several years by buying off-plan properties with a small initial down payment. Typically, the initial down payment is only 10%, with most payments due closer to the property’s completion. Some developers also offer post-handover plans, allowing clients to pay the remaining amount after receiving the keys.
Convenient Payment System
A convenient payment system is one of the key advantages when buying property in Dubai. The payment includes interest-free installments and the option to pay the remaining amount after receiving the keys. It makes the purchasing process accessible and convenient for many investors.
In conclusion, buying property from developers in Dubai offers clients numerous advantages, ranging from spacious apartments and quality finishes to unique design solutions and a convenient payment system. It makes Dubai an attractive destination for real estate investments and luxurious living.
