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Ajman Lands holds the first Real Estate Auction for 2021
The Department of Land and Real Estate Regulation organized at its headquarters in Ajman the first real estate auction for the year 2021, during which a group of properties were offered for sale in the areas of “Al Nuaimia 3”, Mushairif and Al Zahia. Eng. Omar bin Omair Al Muhairi, Director General of the Department of Land and Real Estate Regulation, said: Through holding real estate auctions, ...
Expo 2020 Dubai UAE
Dubai, a city considered as the global destination for the people and why wouldn't it? As expo events are one of the big reasons for its fame. But, due to pandemics worldwide, the world has to wait for 1 year to be a part of it. Now, the wait is over as it is scheduled as 1st October 2021. In past years, expos were dedicated to different ideas like sharing topnotch innovations, finding the resolut...
What helps to sell your property fast?
Ajman is the best place to invest money for professional investors all around the world. Selling your property over here can sometimes be difficult. But there are some methods most of the real estate agents utilize in in order to sell their property in short time. Here are some simple tricks you can use in order to sell your property quickly. You will not face any difficulty in following these sim...
About Off The Plan
Off-plan property can be defined as an uncompleted project. This means, the property is either under construction or delayed for whatever reasons(finances, recession, and many more). The good thing is that buying an off-plan property is way cheaper and comes with higher returns on the market.
Off-plan property is a property or development that is fully planed, registered in the Dubai Land Department, and has an escrow bank account. It is sold with a payment plan which might involve post-handover payments to maximize the ROI. Off-plan property could be a villa, apartment, or townhouse sold by an investor (a.k.a secondary market) or a property developer such as Meraas, Damac, Dubai Holding, Ellington, and Sobha (a.k.a primary market) . You can buy an off-plan property during the planning or construction phase. Usually, investors prefer to buy off-plan projects due to the flexible payment plan and hoping for a capital appreciation and high ROI after the handover. You can click here to download a free e-book explaining the top tips for buying off-plan and avoid major pitfalls.
An off-plan investment is cheaper than purchasing a traditional property because the construction of the project has yet to begin. Major risks of off-plan investing are: that the project may not even be built, the construction date may be delayed or your expectations for the property are not met.