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Does construction phases increase the value of a property?

Discussion in 'Dubai property' started by Safrica, Sep 4, 2008.

  1. Safrica

    Safrica New Member

    hi. For a medium to short term investor does it make sense to rather purchase a property where construction has physically started. Does the value of the property go up as construction commences and does it further increase as the building rises. When would it peak construction or completion or is the route still purchasing off plan?
     
  2. docc

    docc New Member

    Absolutely. As construction progresses, value rises considerably. In prime properties, there is a 10% increase at every few floors making the price almost double or even triple at delivery.
     
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