Ready to move projects in Dubai
None
Ready Property in Dubai
When buying real estate the first question is whether to opt for an off-plan property (a property that is being built and hasn’t been completed) or to buy a ready property, a property that is ready to move in.
The option that suits your needs depends on what you want to do with the property after the purchase. There are 3 options:
- Buy a property to sell it when completed
- Buy a property to rent it out when completed
- Buy a property to live there
Pros and Cons of ready property
There are both pros and cons to buying ready property and below the main points of interest are combined in a table.
| Advantages Ready Property | Disadvantages Ready Property |
| Immediate full control over the property | In most cases, the whole sum has to be paid at once. No flexible payment plans as with off-plan properties. |
| Immediate rental yield | High prices (compared to off-plan) |
| What you see is what you get | Limited choice when it comes to which floor, view, etc. |
| When living there, you save on rent | Modification options are limited |
| Possible to re-sell the property at any time | Re-selling might be hard and extra costs may be involved |
Pros and Cons of off-plan property
| Advantages Off-plan Property | Disadvantages Off-plan Property |
| Purchase a property and pay later | No control over the property until handover |
| Attractive payment plans and bank loans | No ROI until handover |
| Low prices (often below market level) | Handed over property might differ from what was in the brochure |
| Off-plan incentives could include things as free maintenance for several years, post-handover payment plans, | Possible delays/cancellation |
| High ROI | Changing market conditions |
Prices for new buildings in Dubai areas
| Umm Suqueim | from 1 465 د.إ / ft2 |
| Dubai Harbour | from 2 235 د.إ / ft2 |
| Al Sufouh | from 2 544 د.إ / ft2 |
| Palm Jumeirah | from 3 164 د.إ / ft2 |
| Dubai Media City | from 1 968 د.إ / ft2 |
| Emirates Living | from 1 968 د.إ / ft2 |
| The World Islands | from 3 717 د.إ / ft2 |
| Al Barsha | from 1 013 د.إ / ft2 |
| Jumeirah Bay Island | from 3 046 د.إ / ft2 |
| Dubai Marina | from 1 890 د.إ / ft2 |
| Jumeirah Beach Residence | from 2 323 د.إ / ft2 |
| Jumeirah | from 2 292 د.إ / ft2 |
| Dubai Hills Estate | from 1 370 د.إ / ft2 |
| Al Wasl | from 1 095 د.إ / ft2 |
| Jumeirah Lakes Towers | from 1 213 د.إ / ft2 |
| Bluewaters Island | from 1 810 د.إ / ft2 |
| Business Bay | from 1 699 د.إ / ft2 |
| Dubai Opera District Downtown | from 2 681 د.إ / ft2 |
| Old Town | from 1 799 د.إ / ft2 |
| Downtown Dubai | from 2 331 د.إ / ft2 |
Prices for new buildings in other cities
| Sharjah | from 719 د.إ / ft2 |
| Ajman | from 502 د.إ / ft2 |
| Ras Al Khaimah | from 444 د.إ / ft2 |
| Fujairah | from 1 203 د.إ / ft2 |
| Abu Dhabi | from 1 164 د.إ / ft2 |