Buying Real Estate Offplan

What is off-plan property?

An off-plan property means a development yet to be built or still in an under-construction phase. Buying off-plan property refers to purchasing a property by signing a contract between builders and buyers in its under-construction state.

Such type of trend is quite famous in many countries and specifically gaining popularity in Dubai, as the city is quite strict in following rules and everything is quite transparent so the possibility of scams is zero.

The key benefit of investing in Dubai Real Estate is, you need not pay any taxes for the same. Yes, once you buy a property over here you would not pay extra taxes.

Isn’t it appealing? It is, and that’s the reason many people show their interest in Dubai’s Property. So, if you have already made up your mind to buy property on this luxury island then you must go for off-plan property. Also, there are many benefits that come with it.

Here are 10 advantages of buying off-plan property in Dubai, UAE

What is off-plan property?

An off-plan property means a development yet to be built or still in an under-construction phase. Buying off-plan property refers to purchasing a property by signing a contract between builders and buyers in its under-construction state.

Such type of trend is quite famous in many countries and specifically gaining popularity in Dubai, as the city is quite strict in following rules and everything is quite transparent so the possibility of scams is zero.

The key benefit of investing in Dubai Real Estate is, you need not pay any taxes for the same. Yes, once you buy a property over here you would not pay extra taxes.

Isn’t it appealing? It is, and that’s the reason many people show their interest in Dubai’s Property. So, if you have already made up your mind to buy property on this luxury island then you must go for off-plan property. Also, there are many benefits that come with it.

Musgrave Penthouse

3 🛌 2.5 🛁 3 🚗  🏊‍♂️ 340sqms
For Sale @ R14,999,000
Levy : R8,000
Rates: R6,000

Shireen M presents this spectacular Penthouse apartment in prestigious 206 Musgrave.

Encompassing the entire top floor , the apartment exudes timeless elegance and modern charm.

The apartment comprises..
- Entrance hall
- Guest bathroom
- Kitchen fitted with granite tops, hob, oven, extractor, centre island, ample bics, breakfast nook
- TV lounge
- Dining room
- Voluminous lounge
- Enclosed balcony off the lounge and dining area
- Main bedroom with bics, walk in closet and dressing area
- Main ensuite with shower and steam room facility, bath, double basin and toilet
- Enclosed balcony off the main bedroom
- Second bedroom with bics
- Enclosed balcony off the second bedroom
- Third bedroom with bics
- Enclosed balcony off the third bedroom
- Family bathroom with shower, basin, bath and toilet
- Attic rooms on each wing of the Penthouse, that's exclusively used by the Penthouse occupants but belongs to body corp.
- Double garage
- Open bay

The apartment has ducted airconditioning.
The building has two lifts.

The apartment has an invertor which can be included at an extra cost.

206 Musgrave offers..
- 24/7 security
- Controlled access
- Borehole system for water
- Generator for lifts and lighting in the communal areas
- Swimming pool
- Garden
- Visitors parking
- Jingle gym
- communal washlines

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Morningside Duplex Apartment

3 🛌 2.5 🛁 1 🚘 122sqms
For sale@ R1,450,000

Levy: R2,692

Rates: R1203
To let @ R12,000pm

Shireen M presents this absolutely stunning duplex apartment in sought after Morningside Gardens.

Bright and airy, with confortably spacious living spaces, this is the perfect place to call Home with the added benefits of 24/7 security and controlled access you can rest assured you are safe and secure.

The apartment comprises..
1st level:
- Entrance hall
- Open plan kitchen with granite tops, hob, oven, washing machine / dishwasher connections, ample bics
- Voluminous Open plan lounge and dining area
- Storage room under the staircase
- Guest loo
- Patio with an undercover section perfect for entertaining or winding down at the end of a long day
2nd level:
- Main bedroom with bics, shower, ensuite toilet and basin
- Second bedroom with bics
- Third bedroom with bics, ensuite bathroom with bath, basin and toilet
- One undercover bay
- The complex has additional Open bay parkings available on a 1st come basis.

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𝗙𝗔𝗜𝗥 𝗪𝗘𝗔𝗥 𝗔𝗡𝗗 𝗧𝗘𝗔𝗥 𝗢𝗙 𝗔 𝗟𝗘𝗔𝗦𝗘𝗗 𝗣𝗥𝗢𝗣𝗘𝗥𝗧𝗬

𝗙𝗮𝗶𝗿 𝘄𝗲𝗮𝗿 𝗮𝗻𝗱 𝘁𝗲𝗮𝗿 refer to the deterioration of the leased property caused by normal, everyday use. Any damage caused by natural elements will also be regarded as fair wear and tear. The tenant and landlord need to agree on the state of the leased premises on commencement of the lease period by way of an incoming inspection, which will serve as reference point from which future wear and tear will be assessed. The tenant cannot be held liable for fair wear and tear as it is the landlord’s obligation to maintain the property.

𝗗𝗮𝗺𝗮𝗴𝗲 to a leased property is defined as any deterioration caused by negligent or accidental destruction or damage to a property. This includes stains which cannot be removed, torn carpets, nails hammered into walls and painting the walls a different colour without the landlords consent. In the abovementioned examples the tenant has to rectify the damage or forfeit a part of his deposit in order for the landlord to rectify the situation.

At the end of the lease period the tenant must hand over the leased premises in the same condition in which it was received, with the exception of fair wear and tear. An outgoing inspection is done and the condition of the property at the end of the lease can be compared to the condition of the property as captured in the ingoing inspection report.

It is often difficult to ascertain whether the repair work is due to fair wear and tear or due to damage caused by the tenant.

Feel free to contact us for our pro forma lease agreement as well as a pro forma inspection report.

Click below to view our MCSellersGuide.

https://mcvdberg.blob.core.windows.net/guides/SellersGuide%20-%20with%20cover%20page.pdf

Lancia Apartment

2 🛌 2 🛁 3 🚗
55sqm
For sale @ R899,000
Levy: 2320
Rates: R535
Potential Rental: R7,900pm
ROI: 6%

Shireen M presents this apartment in the heart of Overport, refurbished into a modern apartment with tasteful finishes.

The apartment offers...
- An open plan lounge and dining area
- Kitchen fitted with cupboards, granite tops, hob, oven, extractor, plumbed for dishwasher
- Two bedrooms with bics and ensuite bathrooms
- Laundry room with wash trough and washing machine connections
- One garage
- One open parking
- An additional car can be parked in front of the garage ad well

The apartment is in a safe and secure apartment block with automated gates and controlled access.
Lift in the building.
Visitors parking

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Contact Shireen M