Your guide to choosing between off-plan and ready properties

Your guide to choosing between off-plan and ready properties

Buying a home is undoubtedly one of the most important milestones of anyone’s life. It goes without saying that it needs thorough research such as which neighbourhood to choose, which builder to trust, what size would be appropriate, which mortgage to rely on, and more. One key decision you will face is whether to invest in off plan (under construction as it is popularly known) property or go for a ready to move in property.

This article aims to give you the pro and cons of both so that you can make a decision that is right for you.

Off plan property


Cost-effective: One of the biggest advantage of buying off plan property is that it is considerably cheaper than a ready to move in property. This is because the developer gets the funds in advance and can use the same to construct the property.

Increased value: Your investment grows in value over a period of time. This means the price you paid while booking the property is lesser than the value you get on possession. So under construction properties deliver higher appreciation.

Choice of unit: You get to choose which tower and which unit you want from the builder’s plan, and don’t have to settle for whatever is available.

Flexibility in payment: You do not have to pay the entire amount upfront. Normally developers ask you to pay 10-15% as booking amount and the rest is paid as per the construction plan. So you do not have to arrange a large amount of money at a single time.

New construction: You get a brand new property with the latest infrastructure and amenities. You do not have to spend on redoing the space. You can start living there as soon as you get possession.


Delay in possession: Buying an off plan property is not without its shortcomings. One of the biggest one being delay in getting possession. Constructions do tend to get stalled. It could be due to land disputes, lack of funds, new regulatory policies, and so on. You should be mentally ready that issues could crop up.

Lack of clarity: While the developer may provide you with expansive plans and 3D images, you still do not know exactly what you will be getting till you get it. You have to put in immense faith in the builder to ensure your vision come to life. It is hence very important to choose a reputed developer.

Extra cost: There is a chance you might end up paying more than you expected in terms of extra charges, high maintenance, etc. And because you have already invested in the property and put in a substantial amount, you have to go along with these additional costs.

Ready to move in property


You get what you see: There are no surprises (or shocks) when it comes to ready to move in properties. You get exactly what you desire. It is as simple as seeing a property, falling in love with it and owning it.

Immediate possession: As soon as you pay and finish the legal formalities, you can move in to your home. You do not have to wait or spend money paying rent elsewhere.

Transparency in costs: You know all the costs beforehand – whether it is cost of the property, registration charges, taxes, etc. There are no hidden charges with ready properties.

Low risk: You do not have to face hassles such as delay in construction, waiting period, following up with the builder, and so on. You get the key to your home as soon as you pay and sign on the dotted line.


Higher cost: A ready to move in property will always cost more than a under construction one. Moreover, you have to pay the entire amount upfront. This means that you either have to organise a lumpsum amount or leverage mortgage / financing options to pay for your home.

Limited modification: A ready property has everything already done up. So there is limited room to make alterations to the home as per your aesthetics or needs.

Older property: A ready property can be both a new home and one that has been for sale for a long time. If it is the latter, it could mean that you are buying an older property which may have a shorter lifespan than an off plan property.

Choosing between an off plan and a ready property is not a decision to be taken lightly. Weigh the pros and cons before you pick what is right for you.

Whether you decide to go the off plan route or want to buy a ready property, we are here to help you! To know about the best real estate opportunities in Dubai, connect with me on my socials below 

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