questions to ask when buying an apartment off the plan

Off Plan Real Estate
  • 0% Personal Income Tax, Rental Income Tax, Capital Gain Tax
  • Costs From 788,000 AED / $215,000​
  • 3 Year Investor Visa for Self & Family Eligible
  • Booming Property Market
  • 20 Million Annual Visitors By 2025
  • 10 Year Golden UAE Residency Visa for Investors
  • 10 Most Visited Cities in The World In 2018*
  • Dubai is 7th Safest City in the World by Numbero
  • Dubai is 24th City in Quality of Life Index
  • UAE offering Citizenship to Foreigners

    questions to ask when buying an apartment off the plan

    “Questions to Ask When Buying an Apartment off the Plan”

    1. Location and Amenities
    • Is the location convenient for your daily needs and lifestyle?
    • Are there any nearby public transportation options?
    • What amenities are available in the building and surrounding area?
    1. Developer’s Reputation
    • What is the developer’s track record?
    • Have they completed similar projects on time and within budget?
    • Can you find reviews and ratings from past buyers or tenants?
    1. Floor Plan and Layout
    • Is the floor plan suitable for your needs?
    • Are the rooms and living spaces of adequate size?
    • How does the layout fit with your furniture and belongings?
    1. Building Specification and Quality
    • What materials and finishes are being used in the construction?
    • Are there any upgrades or customization options available?
    • What is the estimated completion date and warranty period?
    1. Financing and Fees
    • What are the deposit requirements and payment terms?
    • Are there any hidden fees or additional costs?
    • What is the financing process and interest rate?
    1. Future Value and Resale Potential
    • What is the expected appreciation rate for the property?
    • How does the market trend and demand for this area look like?
    • Are there any planned developments or changes that could impact the value of the property?
    1. Legal and Contractual Obligations
    • What are the terms and conditions of the sales contract?
    • Are there any restrictions or limitations on the use of the property?
    • Who is responsible for maintenance and repair of common areas?

    Buying an apartment off the plan can be a great investment opportunity, but it’s important to be well informed and make a careful and informed decision. Asking the right questions can help you assess the feasibility and potential of the property and make a confident purchase. Don’t hesitate to consult with a real estate agent, a financial advisor, or a legal professional to ensure a smooth and successful transaction.