An assignment transaction, i.e. the purchase of ownership of an unfinished home, is much more complicated to formalize than a transaction with a developer or the purchase of a finished apartment. And the uk telegram database percentage that the broker will receive from this sale is significantly less. Therefore, many brokers are likely to refuse to conduct such a transaction.
Unscrupulous brokers can deceive you if you want to buy housing at the construction stage. A simple example: you have $1 million and you want to buy an apartment. The broker offers you not one apartment, but four at once ($1 million each), and you buy. The commission for his services is 4%. That is, the broker will receive less from one apartment than from four. But the broker explains this offer by saying that he will be able to quickly and profitably resell all the apartments, and you will not have to pay installments. And then the broker disappears, and you are left with debt obligations and without the opportunity to profitably resell the apartment until the building is completed.
According to Dubai laws, it is impossible to get a mortgage for properties under construction, but it is easily granted for finished properties. Therefore, you will have many more buyers for a finished apartment in a completed building.
What needed to be done
If you decide to buy an apartment in installments at the design or construction stage, you need to remember several important points:
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you will not be able to resell the property and quickly make a profit: most likely, you will have to wait until the end of construction;
You need to be prepared to pay in installments until the house is completed.
Conclusion: if you need quick profit, it is better to buy already completed and rented real estate.
On topic: How to avoid getting caught in the millstones of the “expat conveyor belt” in Dubai
Here are a few more things to consider:
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