Date: 19th February 2025
Author: LYM Real Estate
Embarking on the journey of purchasing an off-plan property can be overwhelming and thrilling, even for the novice investor. Arabian Hills Estate by DECA Properties, one of the most sought-after off-plan developments, is a lucrative investment opportunity allowing potential buyers to claim a piece of luxury in one of Dubai’s prime neighborhoods.
In this guide by LYM Real Estate, we intend on de-mystifying the experience of purchasing an off-plan property, offering potential investors advice for selecting the right unit, the schedule for payments, financing your investment, and even including the detailed checklist for you to make your investment experience easier.
To invest in off-plan properties means purchasing property even before its completion, generally during the building process or even prior to the start date. This is attractive for a multitude of reasons, including good value for the money, flexible financing terms, and the potential high capital value when the property is close to completion.
Nestled in Al Faqa, UAE, Arabian Hills Estate by DECA Development in Al Faqa is the tranquil union of quietude and connectivity. Strategically located along the Dubai-Al Ain Road, the property acts like a strategic bridge joining Dubai and Abu Dhabi, providing its inhabitants access to international airports and other key locations around the Emirates. Arabian Hills Estate is set to revolutionize the definition of luxury lifestyle through its unique infrastructure and amenities - facilities like outstanding horseback riding facilities, swimmable lagoons, shopping malls, and international-grade resorts, all against the backdrop of the scenic desertscapes.
Begin by setting your investment purpose. Is this for your primary residence, vacation property, or rental property? Setting your objective will determine your investment decisions along the way.
Investigate the developer's history, track record, and reputation for delivering high-quality property projects within the specified timeline. Additionally, inquire about the master plan, including the residential plots for sale available in Arabian Hills Estate and the infrastructure projects planned around it.
Partnering with the expertise of a professional real estate brokerage, such as LYM Real Estate, can prove to be very beneficial. A knowledgeable agent will have insights into Properties for sale in Arabian Hills Estate, Al Faqa'a and provide expert guidance on market trends, available units, and negotiation strategies.
Consider factors like the property's location within the estate, proximity to local amenities, view, and the size of the property. Furthermore, it is essential to decide whether a villa, an estate, or a mansion plot suits your lifestyle and investment aims.
One of the key benefits of off-plan property investment is the flexibility in payment plans. Arabian Hills Estate offers a 50/50 payment structure—50% is payable during construction, while the remaining 50% is due upon handover. Want to learn more about financing options available for Arabian Hills Estate? Contact LYM now!
If external financing is needed, explore mortgage options for off-plan property investment. Some financial institutions offer specialized mortgage plans tailored for such investments. Interested in learning more about financing options for off-plan projects? Read through our curated analysis blog!
Before finalizing the sale, ensure all the formalities are gone through meticulously. Ensure the property is registered under the Dubai Land Department (DLD) and all the mandatory approvals are taken.
Upon agreement, sign the sales purchase agreement and remit the first part of the initial deposit under the terms specified by the schedule for payments. Register the property under your name using the DLD.
Stay informed about the progress being made towards the development through regular reports from the developer or your realtor.
As the work is reaching its completion, make a close inspection of the property for verification against the specifications agreed upon.
Investing in an off-plan property investment at Arabian Hills Estate by DECA Development at Al Faqa is a great opportunity to secure a luxury residence in a prime location. By following these steps and using the provided checklist, first-time buyers can navigate the process with ease. Working with professionals like LYM Real Estate ensures that you make well-informed decisions and enjoy a smooth investment journey. Start your path to owning a dream property today!
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