One of the foremost reasons why investors choose to buy an off-plan property is due to the kind of profits it can bring even before the project is complete. Here’s a useful guide that can help you to sell an off-plan property.
Developers have certain resale restrictions in place for off-plan projects in Dubai, wherein you are only allowed to sell the property upon payment of a specific percentage of the purchase price.
The requirement is 30-40% of the property value, depending on your Sales and Purchase Agreement with the property developer. According to the terms of the contract, this percentage can run even higher.
The market leads transactional activity and a good real estate broker will accurately appraise your home based on transactional data related to your neighborhood and the type of property you have.
That being said, market data does not always recognize the capital value of the work that you have done to your home. Thus it is important to look into the recommendations of your real estate broker as you don't want to price yourself out of the market.
Once your home is on the market, the realization marketing period (the marketing period before the home sells) in Dubai can differ from 2 weeks to 3 months plus.