Lookup.ae has launched an ‘Off-Plan Properties Search’ allows buyers from all over the world to find under-construction properties for sale in Dubai directly from the developer or from the secondary market that are on a payment-plan.
This service is in ‘beta’ and starts off by offering off-plan properties for sale in about 40 developments across Dubai including projects by renowned developers like Emaar, Damac and Dubai Properties.
“Our Off-Plan Search Tool is built from scratch, using our own dedicated CRM so that we could create a better experience for the user. What this basically means is that users can clearly view and filter their search based on the down-payment they are ready to pay, the location they prefer or by year of completion,” says Munawar Ali, Lookup.ae’s Chief Technology Officer. “Each listing clearly displays important information such as the exact payment-plan, closing procedures, track record of the developer and our own unique tagging system. All listings link back to our information database so our users can research potential investment opportunities like never before.”
“The Dubai market has witnessed about 120 new project launches in the last 24 months,” according to Eric Hodges, head of research at Lookup.ae. “All the data out there indicates that after appreciating an average of between 35 – 45% since 2012, the market for ready properties has cooled and most independent analysts report a correction of between 7 – 10% for mature communities over the past 12 months. However, the off-plan property market has become particularly attractive with a large number of developers offering exceptionally well-priced properties and terrific payment-plans. There are many opportunities to buy off-plan, but no dedicated way to search through them and find the best option possible in an easy and clear manner.”
“Our goal is to be number one destination for real estate searches in Dubai but instead of emulating our goal is to use technology to create products which make sense and make a difference. This is why we are introducing an Off-Plan property search in our own unique way,” says Gibran Y. Bham, Lookup.ae’s Co-founder.
Lookup.ae was launched in mid-2014 and connects its users to information, analysis, opportunities and professionals in real estate Dubai. Lookup.ae is free to use and is frequented by investors, home-owners, market observers and real estate professionals. Built on incredible database technology, Lookup.ae reports on over 800 freehold projects in Dubai.