Buying an "off-plan" property refers to purchasing a property before it is completed. Here, sales begin when the project is still in the planning phase or the foundation stone has recently been laid. This has created a very good investment opportunity with above-average returns in the extremely fast-growing Dubai market, with a net immigration rate of around 100,000 people per year. In this article, we explain what "off-plan" means and how you too can participate in this potential.
The main difference between an off-plan purchase and buying an existing property is the stage of development of the property at the time of purchase. With an off-plan purchase, the buyer agrees to pay for a property that may only exist as a blueprint. This provides developers with the opportunity to use buyers' capital to finance the construction project.
Another key aspect of off-plan properties is their attractiveness as an investment. Buyers and investors are often attracted by lower entry prices, with developers offering deep discounts and better terms to early buyers. There is also the potential for value to increase during the construction phase, making off-plan purchases one of the most attractive opportunities for investors today.
However, the "off-plan" property purchase model also requires a certain level of trust in the developer and the project, as the buyer makes his decision based on construction plans and artistic renderings without seeing the physical end product in advance. Carmen and Robert Geiss ("The Geissens") have not only thoroughly vetted the local developers, they know the owners and boards of the developers personally. You can benefit from this immediately.
“Dubai will never stand still.”Sheikh Mohammed bin Rashid Al Maktoum
In markets like Dubai, where the government heavily regulates property development and sales, buying off-plan property offers an exciting opportunity to be part of the dynamic growth market. This type of property purchase is central to the transformation of the urban landscape and contributes to the creation of new communities and commercial hubs.
The process of buying off-plan typically begins with selecting a project from a developer. Buyers pay a deposit – often between 10% and 20% of the total price – to secure their unit. After the deposit, further payments follow on a set payment schedule, often based on the progress of construction.
Choosing the right project is crucial. Buyers should consider various factors to ensure that their investment is safe and promising. Important considerations include the reputation of the developer , the location of the property and the expected quality standards . Carmen and Robert Geiss ("The Geissens") only work with the most trustworthy developers who already have a strong track record. This offers the greatest possible security in terms of meeting schedules and quality promises. The expected quality standards are verifiable through previous projects of the developer and through specifications set out in the contract. The location not only influences the future value of the property, but also its attractiveness to potential tenants or buyers. Here, too, the experience of Carmen and Robert Geiss ("The Geissens") will help you, as the two live in their penthouse in Dubai Creek half the year.
One of the most famous developers in Dubai, known for the Burj Khalifa and numerous other high-profile projects.
Famous for their work on the Palm Jumeirah, they redefined Dubai's coastline.
Another major player known for luxurious developments and extravagant marketing strategies.
Known for its trendy lifestyle developments such as City Walk and Bluewaters Island.
Specialized in high-quality residential projects and known for their fine craftsmanship.
After selecting a project, buyers usually make a deposit , which is typically between 10% and 20% of the purchase price. This deposit secures the reservation of the unit. The purchase contract that is subsequently signed contains important details such as the total price, payment schedule and completion dates. We review these contracts thoroughly with legal support, thus ensuring that all terms are clear and to the buyer's advantage.
Payment plans are a central part of off-plan purchasing. These plans can be very flexible and are often designed to accommodate buyers.
Payment plans for off-plan projects are set in monthly instalments or linked to the progress of construction. After the deposit, further payments are due according to key construction phases such as laying the foundation stone, reaching certain floors or completing the shell. These plans can vary but often offer staggered payments that allow the buyer to spread the majority of the price over the duration of the construction phase.
Purchase price of the property: 1,000,000 AED (approx. Euro 250,000)
(1 AED = approx. 0.25 Euro)
With the support of Carmen and Robert Geiss ("The Geissens"), developers offer special incentives, such as paying the registration fee, free flights and hotel stays for the contract signing. Here you benefit from the high level of recognition of Carmen and Robert Geiss ("The Geissens") and from the fact that they know the owners or board members of the property developers personally.
Investors usually have the opportunity to monitor the progress of the construction project. Developers often provide regular updates through photos, videos or tours organized on site. This transparency is crucial to maintaining investor confidence and ensuring that the project is progressing as planned.
Once the construction project is complete, the keys are handed over, often coinciding with the final payments of the purchase price. This phase marks the transition from the construction to the occupation phase and typically includes a final inspection of the property to ensure that all agreed standards and conditions are met.
After the property has been handed over, the new owner has a number of options. Many people decide not to move into the property, but to rent it out as an investment property with short or long-term contracts or to achieve high returns by reselling it immediately before or after completion. In both of these cases, we are your reliable partner who will take care of both the rental and sale of your property.
One of the most attractive opportunities with off-plan properties is the chance of a high return on reselling the property at the time of completion. The logic behind this is simple: if you buy at a lower price in the planning or construction phase and sell the finished property in a market with rising property prices, this leads to significant profits. You too can benefit from the years of experience of Carmen and Robert Geiss ("Die Geissens") and the team at Die Geissens Real Etate LLC , Dubai.
The off-plan market in Dubai offers many opportunities, both for those looking for a new home and for investors interested in capital appreciation. However, it is important to choose the right developer and the right project carefully. Here you can benefit from the experience and excellent local contacts of Carmen and Robert Geiss ("The Geissens") , through which we can also make your purchase of an off-plan property in Dubai a worthwhile investment.
