The Dubai property investment market is truly a buyer’s market. If you are looking to own a piece of Dubai property, now is a great time to take advantage of the winds blowing in your direction! Enjoy low prices, attractive payment plans and discounts. Remember the universal rule: buy when the market is low and sell when it’s high.
Instead of fancy giveaways such as jewellery, cars, a luxury yacht and vacations, developers are now offering real value for money in order to attract GCC, local and expat investor. This is done by introducing flexible terms and payment plans that allow buyers to pay up to 80 percent of the Dubai property price upon project completion. In fact, some developers are offering as little as 10 percent down payment to prospective investors, given the softening demand for Dubai property. This may mean that it could actually be cheaper to buy than rent a house.
Emaar Properties, a master developer recently launched a Summer promotion, which offers an exemption from the 4 percent Dubai Land Department (DLD) fees and payment plans of up to 50 percent post-handover for its Arabian Ranches villa properties, namely, Samara, Azalea and Yasmin.
Given the rising competition, more new supply entering the market and the fact that fewer Dubai properties were sold this year compared to 2015, developers are working aggressively to attract investors and bag sales: which is good news for potential purchasers.
There are also fantastic deals in the market for those looking to buy off-plan Dubai property, as almost all developers are offering amazing buyer incentives. Examples include Queue Point in Dubailand which offers a 20 percent down payment, 80 percent on completion and monthly payment plans as low as AED 3,000 per month. Emaar is offering strong long-term investment offers in Creek Harbour, an up and coming area. Or consider, MAG 5 Boulevard – Dubai South, for which Investors are being offered attractive terms such as a 20 percent down payment and the AED 6,500 per month offer.
Go ahead and take advantage! Give us a call or come to our offices in order to connect with our agents today and enjoy rewarding Dubai property investment.