Under Construction Apartments for Sale in Jeddah: Best Deals

In the flourishing real estate market, Jeddah stands as a prime destination for investors and buyers seeking exceptional investment opportunities. Under-construction apartments hold special importance due to the significant advantages they offer, both in terms of cost and design. Let's explore together the benefits of buying and investing in these apartments in Jeddah.

Benefits of Buying an Under-Construction Apartment in Jeddah

Buying an under-construction apartment is an excellent choice for those looking to benefit from reduced prices and multiple customization options. Here are the top 5 benefits:

• Lower Price: Buying under-construction apartments allows buyers to secure lower prices compared to ready-to-move-in apartments, providing an opportunity for significant savings. Buyers can also benefit from the property's value increase upon completion of construction.
• Customization and Modifications: Buyers can choose interior designs and finishes according to their taste. This allows for personalizing the home before moving in.
• Ongoing Development of the Area: Under-construction apartments are usually located in new or developing areas, meaning the area will see continuous improvements and an increase in services and infrastructure.
• Developer Guarantees: Buyers receive guarantees from developers that cover construction and finishing defects, providing peace of mind after purchase.
• Flexible Payment: Many projects offer flexible payment options that allow for installment payments over the construction period, making the purchase easier and more convenient.

Benefits of Investing in Under-Construction Apartments in Jeddah

Investing in under-construction apartments is not only about price savings but also extends to good financial returns over the long term. Here are the advantages of investing in this type of property:

• Value Increase: The value of under-construction apartments significantly increases after the completion of construction, providing an opportunity for substantial profits when selling.
• High Demand: Many people prefer to buy new apartments, meaning the demand for under-construction apartments remains high, which helps in quick sales or rental.
• Real Estate Diversity: Investing in under-construction apartments provides the opportunity to choose from a wide range of options and locations, increasing the chances of successful investment.
• Higher Rent: Upon completion, new apartments achieve higher rents compared to older apartments due to modern designs and new amenities.
• Liquidity: Once construction is complete, it becomes easy to sell or rent the apartment quickly due to high demand.
• Difference in Investment Return: The return on investment in under-construction apartments tends to be higher than that of ready apartments due to the significant increase in value after construction completion, compared to ready apartments which achieve a lesser increase in value.

Average Prices of Under-Construction Apartments in Jeddah

The average prices for under-construction apartments in Jeddah range from 500,000 to 2,000,000 Saudi Riyals, depending on the location, size, and finishes. This price variance reflects the large diversity of housing and investment options available in the city. The lower price during the construction phase is due to several factors, including the need for early financing from buyers and developers' desire to secure early sales.

The timing of purchase also affects the price; the closer the project is to completion, the higher the price of the units. Once the apartments are ready and delivered, the prices immediately rise, reflecting the added value from completion and readiness for occupancy. This increase can be a significant percentage of the original price, making purchasing during the construction phase a smart financial investment.

Additionally, prices are influenced by other factors such as construction specifications, quality of finishes, available facilities and services within or near the project, and the general demand for real estate in the area. The most popular areas and those close to essential services like schools, hospitals, and shopping centers tend to carry higher prices compared to developing or less developed areas.

Under-Construction Apartments for Sale in Jeddah by Imtilak Global

Imtilak Global, our company specializing in the Jeddah real estate market, collaborates with the best real estate development companies to offer a wide range of options for clients, catering to various budgets. Below is an overview of the key Imtilak Global under-construction projects in Jeddah:

• Paradise: A luxurious residential project offering apartments with modern designs and contemporary amenities, located in a strategic area ensuring easy access to vital centers in the city.
• Al-Rawdah Scene: This project features apartments with stunning views and innovative interior designs, making it an ideal choice for those looking to live in a peaceful and upscale environment.
• Rotil Project: This project is a unique investment opportunity due to its strategic location and contemporary designs that meet the needs of families and individuals.

Best Areas to Buy Under-Construction Apartments in Jeddah

Choosing the ideal area to buy an under-construction apartment is a crucial factor in maximizing the benefits of investment. Here are the top 5 areas:

• The Corniche: The Corniche area is one of the most popular places to buy real estate due to its breathtaking sea views and proximity to shopping centers and restaurants.
• Al-Shati: Al-Shati neighborhood offers a luxurious living environment with under-construction apartments that provide high quality in construction and design, making it an ideal location for families and investors.
• Sea Towers: This area is characterized by the availability of many modern residential projects, making it a good choice for those looking for contemporary apartments and modern amenities.
• Al-Rawdah: This neighborhood is known for providing a quiet, family-friendly environment, with under-construction apartment projects featuring spacious designs and comprehensive facilities.
• Al-Faiha: Al-Faiha neighborhood is known as a desirable residential area due to the variety of services and facilities available, including schools and medical centers.

Book a Free Real Estate Tour with Imtilak Global

At Imtilak Global, we offer a free real estate tour service that is a unique opportunity to get an up-close look at the best real estate projects. These tours include a detailed study of the client's request and presentation of a range of projects that match their desires and budget. Subsequently, the client is taken on a free tour to explore these projects and choose the most suitable for them, ensuring a pleasant and satisfying buying experience.

Imtilak Global puts at your disposal its extensive expertise and distinguished network of relationships to ensure the best real estate opportunities in Jeddah. Don't miss the chance and book your free real estate tour today!