Investing in Off-Plan Properties in Dubai: A Theoretical Example 📈🏠
Imagine you've found the perfect off-plan property in Dubai for $1,000,000, and the payment is to be paid over 4 years.
1. *Initial Investment:*
You make a 20% down payment ($200,000) and a 4% Land Department fee ($40,000), totaling 24% or $240,000.
2. *Year 1 Payment:*
In the next year, you pay an additional 20% ($200,000). Now, you've paid a total of 44%, or $440,000.
At this point, many developers allow you to re-sell the property. You list it for $1,200,000, find a buyer, and close the deal.
3. *Profit Calculation:*
You pocket $600,000, and the remaining amount goes to the developer.
Total Investment: $440,000
Total Profit: $160,000
Capital Gain: 36%
Your profit is $160,000 in 1 year. This is how it works plus minus.
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