Most of the people prefer keeping their hard-earned money in banks and not capitalizing on it as investment opportunities that are available in off plan properties Dubai. It takes basic knowledge of economics to understand that saving your income in a bank for too long is risky and will always result in losing money rather than gaining because of the devaluation of currency. While investing in multiple sectors such as real-estate and off plan properties Dubai is safer because it results in protecting your purchasing power and potentially earning a high return over time. Keeping money in the bank presents higher risks and provides low benefits with more losses eventually at the end. Economic inflation, bank interest rates and investment opportunities in off plan properties Dubai have clarified that keeping money idle in the bank is the riskiest habit people choose over investing.
If you are confused what to do with your money? The point is explained in detail below:
Inflation Devalues Your Currency:
In Dubai it is said that savers are losers. World renowned financial experts state that money placed in a savings account presents no major benefits and will eventually shrink your savings in the long term. Inflation is the prime reason that the purchasing power of money placed in your savings account will weaken in the long term. Inflation increases the cost of goods and services due to changes in supply and demand or changes in production and distribution costs. Higher prices puts people who prefer to save at a disadvantage of weakening their purchasing power of their funds.
Here is what you should do instead:
Invest in Multiple Sectors:
As an investor, the wisest strategy you can have is placing your funds in a variety of markets which will generate revenue like real estate, stocks, bonds and gold is recommended these days. The real estate market provides endless opportunities to grow your money and will surely increase your monetary return. If your real estate property produces a 8% profit increase each year, it is enough for the judgement to put your income in this sector. Why place money in the bank to earn 1.5% annually when an investor can achieve a 6.5% more return in real estate or even 10% on off plan properties Dubai.
However, People like to play safe when it comes to finances, the concern for safety of your investment is addressed below:
The Safest Way to Make Your Money Grow in Dubai
Investing money in multiple sectors is considered as the safest strategy to increase the purchasing power of your income. If one sector you have invested your money in is not doing good then the income from the other sectors will compensate for the loss. Keeping money in the bank is unproductive as inflation rates will always be higher than the interest rate provided by the bank. With Dubai rated one of the world’s most expensive cities, why weaken the purchasing power of income sitting idle in the bank. Either invest in real estate or off Plan properties Dubai to increase your wealth. The longer funds sit in a savings account in a bank without investing, the more money will be lost overtime.
Why off plan Properties Dubai?
An off-plan property is a deconstructed property which is purchased directly from a developer or in other cases a first owner. Off plan properties Dubai typically means purchasing a property during the construction of the building process. It’s usually purchased at a discounted rate to the actual value of the completed project, which makes it attractive to investors.
Make a wise decision while you can, with the Expo 2020 in full swing, the investment options in off Plan properties Dubai are scarce and as far as profits are concerned, sky’s the limit!