If you have heavy pockets and are looking for a short buyer guide for buying a house in Dubai then look no further. Here are a few smart tips to consider before you finalize the deal:
Instead of stressing over attestation, taxes and documentation, just hire an experienced attorney to guide you through. It costs 2-5% more, but will save you a good deal of time and energy.
Do you want to settle-in or resale the property? It is crucial to have your investment goal clear in the first place. For resale, SevenSkys’ experts suggest that an apartment is a worthwhile investment because it promises a higher yield than a villa or a house.
Once you have decided your goal, now start the research. Begin by viewing the offers by top property advisors and real estate agents in Dubai. To cut the chances of you being a victim of property fraud, here is a list of authentic real estate agents in Dubai as provided by the Real Estate Regulatory Authority (RERA).
Online research is a great stepping stone, but it’s not the end goal. Always ask your real estate advisor for a tour of the house before moving ahead. Short tour of luxurious residential areas, like Arabian Ranches, Business Bay, Downtown Dubai, Jumeirah Beach Residence etc, are not only informative but also a treat to the eye.
In Dubai, the local market will always be skeptical of your intentions unless you have the backing of a reliable financial institution. There are various halal and conventional house financing schemes offered to nationals and expats as long as you don’t have a criminal record. Your legal attorney will be very helpful in this regard.
Happy house shopping!