After lease renewals at JVC increased by 22% last month, renting has become a hot commodity again. Buying a property in Dubai is starting to make sense, but the main question is whether it’s worth choosing a ready-to-move-in or an off-plan apartment while prices continue to rise. I’ve done the math, and in any case, the difference isn’t significant. Perhaps the installment plan will change that. What do you recommend?
High rents and inflation are hurting, where to buy in Dubai now
I can say that turnkey apartments generate rental income from the first month, which is significant given that inflation eats away at savings. Therefore, I believe it’s important to pay attention to turnkey apartments.
A few months ago, I finally stopped renting and started seriously considering buying, and the search took longer than I expected. It’s worth knowing that apartments in Dubai come in a wide range of price points depending on the area, so the difference between areas like Business Bay and, say, Al Furjan, is quite real. For example, you can see current listings here https://atvir.com/uae/residential-complexes/apartments The debate about whether ready-to-move-in apartments or apartments under construction is perfectly valid, but payment terms are just as important as the asking price.