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Weaker values after completion due to high penetration of other developments is one of the high risk factor as far as buying-off risks is concerned I was not aware about buying off plan property.

If this does occur you may find it difficult to secure finance for the full amount. The quality of work may also not meet your standards. Many builders do not allow you to see the property until construction has completed, there is a risk that what you envision is not what you will receive. The quality of work may also not meet your standards. Many builders do not allow you to see the property until construction has completed, there is a risk that what you envision is not what you will receive. The quality of work may also not meet your standards. I can not believe this - how is it possible that builders will not allow you to see the property until after completion!!!

Also concerned about the risks of purchasing offplan, as someone close to me went ahead with a deal in Dubai for a studio flat, size 474. The developers have not been very helpful at all with answering queries regarding this.

Is this the done thing with off plan properties in Dubai? Obviously it can work in a rising market but I think it brings up extra risks. Particularly the risk of the builders not performing to standard.

Off-the-plan quik cash online loans for poor credit has been really popular in Australia but there are lots of horror stories emerging about bad building practices and faulty material like flammable cladding being used. Governments and regulators have been trying for decades to make off-plan investment more secure.

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Also concerned about the risks of purchasing offplan, as someone close to me went ahead with a deal in Dubai for a studio flat, size 474.

The developers have not been very helpful at all with answering queries regarding this.

Is this the done thing with off plan properties in Dubai? Obviously it can work in a rising market but I think it brings up extra risks. Particularly the risk of the builders not performing to standard. Off-the-plan has been really popular in Australia but there are lots of horror stories emerging about bad building practices and faulty material online loans for poor credit online loans for poor credit like flammable cladding being used.

Governments and regulators have been trying for decades to make off-plan investment more secure.

There have been improvements but the fact remains if the developer doesnt deliver then your money may be at risk. If this does occur you may find it difficult to secure finance for the full amount. The quality of work may also not meet your standards. As the worldwide real estate market continues to recover investors are now looking towards traditional investment strategies such as buying off plan.

There is no doubt that done correctly, off plan investments can be very lucrative and in many cases can lead to a short-term profit. If this does occur you may find it difficult to secure finance for the full amount. The quality of work may also not meet your standards. You need to ask what the options are if this occurs will you get your money back and what guarantees do you have?