Dubai has grown at breakneck speed, with whole cityscapes appearing where just a few years ago there was desert. Now there’s a different kind of development with community and relaxation at the heart. A place where the utmost importance is given to public realm and facilities – from lifestyle and entertainment to education and healthcare. A place designed to make residents feel safe and comfortable; a place to raise children and make lifelong friends; a place to call home.

So, if you’re looking to buy a property in Dubai for investment purpose of generating stable foreign income with high return on investment but you are torn between buying a new property off plan in Dubai, or a slightly older property, make sure you attend this free upcoming property exhibition by a leading property development company in Dubai coming up at Lagos and Abuja Nigeria on November, 2019 to provide you with key benefits as to why buying off plan can be more beneficial in the short and longer term and also furnish you with first hand information about Arabian Ranches 3, the latest development of 3 & 4 bedrooms townhouses at the heart of Dubai.

However, let's first briefly look at few benefits of buying off plan property in Dubai:

* First Pick – Greater Choice:

When buying off plan, you get to pick your property first. This means you get the chance to pick the best property. If you wait until construction has finished, only the leftovers may be available and in most cases you will have to buy from secondary market for higher price with limited availability.

* Laws protecting investors:

Law No. 8 of 2007 on Escrow Accounts for Real Estate Developments in the Emirate of Dubai.
Pursuant to this Law, developers that intend to sell units off-plan in Dubai in a real estate development project must open a separate escrow account for the project with an escrow agent (bank/financial institution) accredited by the Dubai Land Department (DLD). The developer must deposit in a project escrow account all amounts paid by the purchasers of off-plan units and loan payments funded by financiers for the purpose of construction of the real estate development project.

The amounts deposited in the escrow account shall be allocated exclusively for the purposes of construction of the real estate development project and settlement of the project financing payments in accordance with the Law. Project escrow accounts are audited and monitored on a regular basis by the Real Estate Escrow Account Division of the Real Estate Regulatory Agency (RERA), the regulatory arm of the DLD greater financial flexibility that off-plan properties offer.

Another law passed recently stipulates that developers must provide 20% of construction funds as bank guarantee along with the 10% guarantee performance bond by the contractor. Such measures reinforce buyers’ confidence in the off-plan property market, making it a safe climate to invest with certainty that under normal circumstances properties will be delivered.

* The property is still new:

Everyone loves NEW! As a first home buyer you’ll love moving into something brand new while for investors, you will maximise your rental return as an incoming tenant will pay more to live in a new apartment.

* Flexible Payment Plan:

The major advantage of Construction Linked Payment Plan is that buyers are comparatively getting more time in accruing the money for their home. The Payment plan is beneficiary for buyers as they can avoid the worry over any delays in possession off plan in Dubai.

* Financial Benefits:
One of the most obvious perks of investing in off plan property is that these not-yet-constructed projects are offered at significantly lower prices.Again a huge draw with off-plan in dubai is not only that you are buying it at a discount to current market value but also that when it is delivered it will be worth even more, and here is where the timing matters and professional approach highly recommended. Please feel free to contact us to get free professional advice on your individual requirements.

* Lock in a Price:
When you buy an off plan in Dubai, you lock in price and if the property market grows in value, and your property goes up in value, you don’t have to pay any more. We have many clients that pay X and by the time they settle, their property has gone up significantly! This is very powerful as this capital growth allows you to buy another property and continue to build your property portfolio.

* Conducive & Investors friendly environment:

Dubai remains an attractive proposition for domestic and international investors alike with globally high rental yields and relatively low prices per square foot. Dubai itself continues to attract hard-working and entrepreneurial people from across the world and the marketplace is maturing as more people choose to settle and raise families in the UAE. There is much to be positive about regarding the future of the Dubai property market and the off-plan sector will continue to play a big role in such market.

Having mentioned the above, let's take a quick tour of the Arabian Ranches 3, the off plan project the developer is coming to exhibit.

Arabian Ranches is definitely one of the most sought after residential communities in Dubai given its central location and a vibrant neighborhood. Since the brand “Arabian Ranches” has remained very popular amongst a large segment of Dubai expat population over the last 12 years, the developer released Arabian Ranches 2 a few years back (which is now almost completed and mostly sold out) and now Arabian Ranches 3 is the new addition to keep up with the demand.

So why Arabian Ranches 3 when there are so many new developments around to choose from, is a very potent question for a new investor or first-time home buyer:

1. Location:
Location is what makes real estate investment most lucrative in the long run and Arabian Ranches 3 enjoys arguably the sweetest spot amongst all new townhouse and villa developments announced in recent years. Its even better placed then the original Ranches considering its bang on Sheikh Mohammad Bin Zayed Road (E-311) on the opposite side and is in close proximity to the prestigious brand new Dubai Hills community, which will feature the Dubai Hills Mall. Amongst other advantages it enjoys close proximity and driving distance to shopping malls and tourist destinations such as Global Village, the new Cityland mall, and Mall of the Emirates. In addition, Arabian Ranches 3 is also in close proximity to the schools in Al Barsha, JVC and Arjaan communities. Its also 20 minutes drive to the two airports in either direction and 15 minutes drive from Downtown Dubai. Very very central location.

2. The investor-friendly six-year payment plan with only 5% on booking, easy installments of 55% till handover scheduled in April 2022 and 40% to be paid post handover over 3 years provides an affordable opportunity for both end users and investors who wish to make an entry into the housing market without a mortgage dependence or with limited capital.

This consideration alone makes the property hugely valuable for any one trying to afford their own property with limitations on capital investment upfront.

3. In consideration of the current real estate demands, townhouses in Arabian Ranches 3 show a positive shift towards smaller, albeit, more efficient floor plans and user-friendly spaces, much different to the existing communities in Dubai. Similarly the whole community is way better planned with GREEN spaces surrounded by walking tracks/trails as its central theme, again in keeping with the current market requirements.

4. Pricing is the absolute key to why Arabian Ranches 3 should be on top of your list as an investment or for end use. With 3 Bedrooms starting AED 1.2 million and 4 Bedrooms starting at AED 1.6 million at such a central location complimented by a very affordable payment plan, the value of the purchase, if not a steal, is definitely way better than the other townhouse projects which are either similarly priced but further away from the city or if a similar location, then at least 10-20% more expensive in pricing at least. In our humble opinion given all the current competition from other developers, these townhouses are being offered at a visible discount pricing wise and in turn will boost the average rate of return when ready for a very healthy profit if resold or a very high ROI yield if rented. End users though will be the majority of purchasers.

5. The icing on the cake is the special offer by the developer at the launch; 50% waiver of Dubai Land Department fees and 5 years waiver on the annual service charges. These savings add further value to the whole package as this opportunity provides the right balance of price, payment plan, affordability, location, quality and branded community.

Now is the right right time for you to buy into this property for the reasons that:

a. A general boost in the economy is expected within this year and in 2020 because of government and semi government sector spending as EXPO 2020 nears.

b. Momentum in property market will be further enhanced as evident by visible Chinese community purchasing more and more properties in Dubai and this trend is expected to continue and explode post the scheduled visit of the Chinese President to UAE and the announcement of the biggest China Town in the region.

c. It makes more and more economic and social sense for expats living in other Emirates to move to Dubai due to price affordability and better built communities.

d. The overall improvement in Real Estate regulations and the added lure of long term visas along with the initiatives of holiday homes and time share policies is already providing renewed interest amongst regional and overseas Investors and we already see that as most of these new off plan launches keep selling out in very short time spans.

Given the above reasons, such pricing and payment plans provide the best window of opportunity for you to invest in Dubai.

In conclusion, if you wish to invest in the Arabian Ranches 3 and would love to attend the free exhibition/presentation planned to hold on the project by the developers at Lagos and Abuja Nigeria on November, 2019. Kindly comment with your name and phone contact for seat reservation or send message by whatsapp to +2348032296562 or +2348117949689 and further details about the free presentation shall be sent to you.

Thank you & God bless.