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Factors to consider before investing in off-plan property in DUBAI Check out the area where the off-plan property is located in Dubai. The location of the property is one of the keys to success and the determinant of the strength of the market value. There have been sad stories of people who find it difficult to find buyers or tenants to occupy this property due to the area. For instance, areas at the proximity of universities and colleges tend to be in higher demand due to the student population. So also are commuter towns are a good option. However, if you don’t mind making a long term commitment, other areas might also be considered. The population and demand will increase in the long run. Understand the cost of buying an off-plan property in Dubai When the offer is made, the first thing to do is to make an analysis of it and ensure the offer justifies the current market value. After all, the primary aim of buying off-plan property in Dubai is to obtain it at a cheap price. Property sellers in Dubai engage in aggressive marketing tactics to lure potential investors. However, don’t get carried away, there are more to it than you can imagine. The first thing that will be required is the initial down payment which varies from 5 to 25 percent depending on the market value of the property. Then there will be subsequent payment throughout the construction works until the completion of the project. Getting an experienced broker will help greatly in securing a good deal. Not only that, your broker will help you with the legal process. Plus, he will monitor how the funds are being spent, the progress and the overall quality of the work.
Understand the project This is one of the trickiest and the challenging part as even an agent can make mistakes. Know exactly what you are bargaining for and get the facts and figures of the project. You should understand the type of construction and the size of the building to be built, Check out the convenience and facilities required for the property. There are various Off-plan deals Dubai you can avail of, ensure you carry out research and verify the necessary things in order to make the right choice. Moreover, before you move ahead to make the decision, check the history of the project you are planning to invest in. There are tons of information online that will be of great help.
Safeguarding property transactions Investors need to be aware of the intricacies to avoid horror stories. A developer might go broke or completion of the project can be delayed (longer than you desired). Sometimes it might be a problem with delivery in service and the property not meeting up to the standard. This can be avoided by: 
Reading the terms of the contract thoroughly and get your broker to explain it to letter. Ensure the terms allows you to pay into the escrow account. The developer is restricted from assessing the fund until the project is completed. A developer asking you to pay to any other account other than escrow is likely unreliable. Moreover, ensure the fund is protected by the insurance policy that will make a refund in case of default in completion.