While real estate is the most discussed topic around the world, Dubai’s real estate market is gradually getting back to its form. Investors and end-users still flock to Dubai, exploring its evergreen real estate market and planning on their most significant property investment here. The reasons for this hype and flow are quite obvious: Dubai has fantastic offers and conducive investor-friendly policies. Whether you are a seasoned or first-time buyer, a buy -to -let investor or end-user, your goals of excellent property investment can be easily met in Dubai. Plus, you have a wide range of properties to choose, from apartments to villas with practically all budget ranges. Super luxurious property or economy investments, the choice is yours. If you prefer multi-family living, then an apartment could be your first choice. However, you will find a vast collection of apartments for sale in Dubai that not only look fantastic but also fit your budget. And before you buy your property in Dubai, it’s ideal you gather essential information on it before you start your property journey.
Here are the most crucial tips which can help you through your investment in Dubai:
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Researching the market is the key
Firstly and most importantly, understand the market. You could think about researching the rental and sale market in Dubai. Detailed research can give you a fair idea of areas in Dubai and their advantages in terms of location, ROI and amenities. Perhaps, you could look for apartments for rent in Dubai that’s situated in your area of interest. The rental plan is most suitable to those opting for off-plan or under-construction property, and it gives you the advantage of settling in the community and experiencing its facilities firsthand before you finally make your advance payment.
Discover a trusted developer
Once you have zeroed the area, then it’s relatively straightforward. You can check out the developers who have a property in that location. In Dubai, you will find many private developers in addition to the Emarati multinational developers like Emaar and Nakheel. Anyways, either one of them will be the master developer for most of the projects in Dubai freehold. So if you are impressed with a building that’s not directly developed by these giant developers, it is advisable to check the track of that developer.
- How many years of experience has the developer got in UAE?
- Can you afford their apartment pricing?
- Which towers were handed-over previously?
- Did they deliver on time, or was it delayed?
- How did the completed apartment turnout after the handover?
If you get answers to these questions in a positive affirmative, then you have found your next property in Dubai!
Is this your perfect apartment?
The community has been finalised, and the list of developers or realtors who are professional and trustworthy shortlisted. Be sure to include reputed local property consultants like the Allsopp & Allsopp real estate brokers in Dubai for their local area knowledge and expertise combined with a personal touch. Once you have jotted down all these contacts, call them and have a private chat to get a good idea of the buildings you want to view and their actual market value. Having done your research online, you will be at the right place when it comes to filtering the tower that is best for your requirements with some valuable and realistic insights from your property consultant.
Check out the features and amenities
A significant investment is not only about the price, but the price that’s relative to the facilities and amenities, and there’s no need to get anxious here. Most apartments and villas in Dubai are built for luxury and comfort. That is, you will find local hypermarkets and reputed schools in the community. Plus, every tower can be a unique piece of architecture, planned by remarkable architects who know their business. So the apartment interior layout and exterior elevation, common areas like the lobby and shared amenities such as the gym or swimming pool will be state-of-the-art.
Getting your mortgage When it comes to financing, you will find the options excellent in comparison to other countries. Dubai has friendly mortgage possibilities for expat investors which is one of the top reasons why people prefer to buy property in Dubai. Mainly if you are living in Dubai, employed to self-employed, there are outstanding mortgage offers you can benefit from. Attractive interest rates and a competitive loan -to -value are the most apparent advantages of mortgages in Dubai. And if you are a mortgage buyer, remember to find out the banks that approve the building for financing or just chat with your property consultant in Dubai for all the information you need before you book your perfect apartment.
