The leading real estate agency Berkshire Hathaway Home Services Gulf Properties confirms that the off-plan real estate attracts more buyers due to favorable payment plans. For example, an apartment in Beach Isle, a residential complex by Emaar Properties, comes with the following payment plan:
- Down payment – 10% on purchase;
- From 1st to 9th installments – 5% every 3 months;
- 10th installment – 5% on handover;
- From 11th to 18th – 5% every 3 months after handover.
The peculiarity of buying a property while it is still under construction is that its value is determined by the current market condition, and prior to completion, the price will increase significantly. This creates a high profitability of real estate investments.