Why we won't do away with off-plan housing

Off-plan property procurement is often available at a substantial discount than an already existing property. [iStockphoto]

No country has done away with the off-plan house buying method, and neither shall we. Off-plan properties remain a popular investment option, particularly among keen investors with little to no experience, and first-time homebuyers.

In 2017 for example, off-plan sales accounted for more than 65 per cent of real estate property purchase transactions in Dubai, increasing 54 per cent.