Off plan Vs Secondary properties

Choosing Between Off-Plan and Secondary Properties in Dubai

Deciding between off-plan and secondary (pre-owned) properties in Dubai? Here’s a simple guide to help you choose:

Off-Plan (Primary) Properties:

• What Are They? New properties sold by developers, either under construction (off-plan) or ready to move in.
• Pros:
• Modern design and amenities.
• Often cheaper with developer discounts.
• Payment plans and possible legal fee coverage.
• High potential for profit before completion.
• Little to no refurbishment costs.
• Cons:

• • High demand and limited supply.
  • Risk of project abandonment.
  • Final product might not meet expectations.

Secondary Properties:

• • What Are They? Previously owned properties, either currently lived in or for rent.

• Pros:

• • • Established locations with a clear idea of what living there is like.
    • More options available.
    • Potential for lower prices with negotiation.

• Cons:

• • May require renovations.
  • Older designs.
  • Less flexible payment plans.

Which to Choose?

Your decision depends on your budget, needs, and how much risk you’re willing to take. Want the latest design and willing to wait? Go for off-plan. Prefer seeing the exact property and moving in sooner? Secondary might be better.

Explore options on Property Finder and get advice on buying property in Dubai.