Buying an apartment or investment property is a critical decision, and investors often face difficulties whether to go for the finished or the off-plan properties. The choice usually depends on investment or financial objectives. It’s essential to understand both benefits to make an informed decision.
We are primarily aware of the advantages of purchasing a ready property. The property includes a physical inspection before the possible purchase—and moving in immediately after the paperwork completes. Still, the off-plan projects such as Six Senses Dubai has some additional benefits that we must consider before making any decision.
Modern Design and Construction
Select Gropu Developers are constantly learning from each completed project and trying to implement new projects such as Six Senses Dubai to use significantly the area that benefits them and the buyers.
A ten-year-old property might not have interiors that suit our 2022 habits. So, off-plan properties provide an opportunity to have a commercial property or a home that is just right for the current client.
Between the announcement of the project and the handover, there will be new revolutions in construction techniques, interior design, and materials, and the developer has the latitude to implement these in the project.
Brand new property:
It is the most evident benefit, and we’ve heard it before. Being a new property owner is far more rewarding than early use. When purchasing an off-plan property like Six Senses Dubai, you can also select the view, select floor number, or a corner unit if it is a townhouse or a villa.
Competitive price:
It is an essential factor for both buyers and investors. Off-plan properties in Dubai are available at a remarkably lower price than ready-made ones. Moreover, it provides the buyer with a price advantage since the developers compete in the price competition.
Capital appreciation:
The market value of off-plan properties increases on its handed over the day. Constructing the off-plan project improves the surrounding neighbourhood with better amenities and transport links. The retail infrastructure also has an impact on the worth of the property.
Payment Plans and Offers:
Payment plans for off-plan projects are tied to construction, which means you do not have to pay the total payment upfront, however, in smaller instalments. Many off-plan projects such as Six Senses Dubai have a booking fee as low as 5-10%, and in some cases, the DLD charges are also waived in whole or in part, providing buyers additional price advantages. In addition, long-term post-delivery payment projects allow buyers to pay years after the possession. This is not possible with finished properties until you purchase a mortgage, which incurs interest on the loan.
Adaptation of the property:
Many off-plan projects allow for small to significant customizations, giving you a choice of flooring, colour, or kitchen layout according to your preference and taste.
Safety and Regulations:
Buying an off-plan property in Six Senses Dubai is entirely safe. The Dubai RERA (Real Estate Regulatory Authority) has introduced a regulatory system for buyers protection. This system protects the buyer from project cancellations or delays. Deposit the buyer instalment in the accounts, and the real estate developers can access them when they fulfil construction milestones.
