Dubai houses some of the most spectacular residential developments. From cosy studios to lavish apartments, luxury penthouses to spacious villas and townhouses, you can find every type of property here. Some of them are located close to water bodies. These waterfront properties are known for their refreshing aura and ambience.
So, a person who is planning to buy a property is certainly going to be spoilt for choices because of the abundant options available to them. However, one piece of advice we would like to give you is to purchase a property in a newer development. You may be tempted by the affordable prices of older buildings, but we won’t advise living in them.
On this note, let’s take a look at some of the reasons why you should buy a property in newer residential developments:
They Have High-Quality Finishing
Old residential buildings in Dubai feature inferior quality finishing. They may look good when you view them. However, once you have settled, you will soon start to encounter several issues, such as cracked tiles, broken shelves, loose hanging cabinets in the kitchen, etc. Furthermore, properties in these buildings come with dated furnishing items. Another big issue is that their air conditioner units often start to malfunction. And it’s tough to live in Dubai’s scorching heat if the air conditioner doesn’t work properly.
Newer projects, on the other hand, have international standard finishing and furnishing. They are maintained on a regular basis. Therefore, you won’t have to face issues, such as malfunctioning air conditioners or faulty appliances.
They Are Properly Planned
Residences in older buildings aren’t properly planned. This gives rise to several issues. It feels congested when you live in such property for an extended period. However, newer residential developments are masterfully planned. Usually, these projects are designed by world-renowned architecture firms who take great care of residents’ comfort and convenience during the planning phase.
For example, if a project contains apartments, these units are planned in such a way that residents get enhanced privacy. Furthermore, rooms are big and spacious. And some of these units also come with balconies, allowing residents to get a breath of fresh air.
Latest Projects Come with Modern Facilities
This is one of the biggest perks of living in a modern residential building. Most of these projects come with state-of-the-art facilities and luxuries. For example, it’s common now for residential towers to feature temperature-controlled infinity pools. Some have them on the rooftop. Other than that, there are separate pools for kids as well.
Then, there are fitness centres laced with the latest gears and machinery. Spa, sauna and steam rooms are new additions to these amenities found in residential buildings. Also, residents enhanced protection and safety of residents is guaranteed as 24/7 security as well. There are CCTV cameras installed everywhere as well.
They are Strategically Positioned
The latest residential developments are positioned in a strategic manner so that residents do not get to face commutation issues. Even if they are located away from the city centre, it’s still easy to access them because of their strategic location. Also, their position and design allow inhabitants to enjoy panoramic views of the surroundings.
They Come with Convenient Payment Plans
The competition for sellers is tough in the Dubai property market. Therefore, developers try to come up with new schemes to grab the interest of buyers. This could be in the form of added facilities or convenient payment plans. The latter, in particular, proves to be quite beneficial for the buyer as it allows them to own a property without greatly disturbing their budget.
For example, Stella Maris Dubai offers a 5/95 payment plan. This means only 5% is paid as a down payment. The remaining amount is to be in different stages; 25% during construction, 10% on handover and 60% post-handover in 4 years.
No Parking Issue
Some old buildings in Dubai do not have parking places. Thus, residents living in them find it really hard to get a safe parking slot. They have to park their vehicles in paid parking facilities, which proves to be an added expense for them.
However, it has become mandatory for new residential developments in Dubai to have sufficient parking space. Stella Maris, for example, has 6 levels of covered parking space.
In all, buying a property in a new development certainly comes with many perks. However, it’s important that you choose the development after thorough deliberation, research and consideration.
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