UAE Property: 'Should I sell my off-plan Dubai apartment amid uncertainty or wait?'
Question: I bought a two-bedroom apartment in February from Emaar at Expo City, in Terra Gardens. It’s a first-floor unit of around 1,100 sq ft, for which I paid Dh2.237 million ($609,000). So far, I’ve paid 20 per cent towards the property , plus the 4 per cent Dubai Land Department fee. I’ve been feeling a bit nervous recently given the current geopolitical situation and uncertainty around…
I understand your concern about the current market conditions and uncertainty surrounding property prices. It's natural to feel uncertain about whether to sell your off-plan apartment in Dubai or wait for completion. However, it's important to remember that you made this investment with a long-term perspective in mind, expecting the area to develop and mature over the next few years.
At this stage, selling now might mean accepting a discount and potentially missing out on the future benefits of the Expo City location. Before making a decision, consider whether you can comfortably continue making the payments without financial strain. Keep an eye on the market trends and the progress of Expo City, and base your decision on objective evidence rather than headlines.
Ultimately, it's essential to maintain a long-term perspective and ensure that your investment aligns with your original goals and financial situation.
Written by urgent.news from The National Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
