Which Should I Buy in the UAE: Off-Plan or Secondary Properties?
Which Should I Buy in the UAE: Off-Plan or Secondary Properties?
Blog Article
At the start of your Dubai property search, you’ll need to decide between off-plan, primary, and secondary properties. This is a critical choice for any property buyer.
If you don’t know what is the difference between Off-Plan and Secondary Properties? And not having the right understanding can cause problems in choosing. Here are some articles that can help you understand!
By explaining these terms and outlining the advantages and disadvantages of primary and secondary properties, we aim to equip you to make a better decision.
What is a Primary Property?
As the name implies, primary properties are properties constructed by a developer. You can purchase a new-build property directly from the developer’s sales team or through a real estate broker.
Buying a primary property means it has never been owned before; you’ll be the first owner. New-build properties can be either “off-plan” or “ready-to-move-in.”
It’s important to note that not all off-plan properties are primary properties. Some individuals buy off-plan properties from developers and then resell them before construction is finished. This makes the property a “resale” or “secondary” property, even though it’s still off-plan, because you’re not buying it directly from the developer...Read More