Buying ready-to-move-in properties directly from the developer is not a common trend right now due to the high premium buyers have to pay as well as low return on capital when compared to off-plan properties.
Therefore, off-plan properties are still the preferred choices of residents and buyers due to better returns as well as smaller mortgage payments for the upcoming properties.
However, the ice is breaking with developers slowly and steadily entering into the ready-to-move-in property market to cash in on demand from residents and investors who like to park their money in ready properties or looking to move into such units to avoid paying rentals.
Importantly, the trust factor has improved immensely in the local property market with the introduction of measures related to regulations and residencies taken by the government over the past decade, therefore, demand for new ready properties market will also grow in the coming years.
Dubai’s leading private developer Danube Properties…
