Things to Consider When Buying or Selling Dubai Real Estate

If you have plans to invest in real estate in Dubai, it is important that you seek advice from experienced legal consultants. Before you get started on your Dubai real estate journey, here are the top things you need to keep in mind.

Things to Consider When Buying or Selling Dubai Real Estate

1 - Leasehold vs. Freehold

This is a big deal for the real estate investors in Dubai. When you are buying or selling a property, you need to be aware of the difference between leasehold and freehold.

Leasehold: This basically means non-ownership. This is where you own the building and the land where it is built. You will be able to rent out the property for 999 years.

This basically means non-ownership. This is where you own the building and the land where it is built. You will be able to rent out the property for 999 years.

Freehold: This is where you have actual ownership. You own the building and the land, which means that you own it outright.

2 - Location

Location, location, location! It is important that you buy a property in a location that is up and coming. This is especially true in Dubai because there are new developments happening all the time.

Look at the bigger picture, as well. You can get a property that is great in one location, but if the city itself is not doing well, this puts a negative spin on your property.

3 - Contract

Once you have an offer for a property, you will be presented with a sales contract. It is important that you read and comprehend what you are signing. You want to protect yourself from future problems, so read everything carefully.

4 - Price

This is one of the biggest determinants of a real estate transaction. Go with your gut feeling when it comes to price. You should be able to follow your gut feeling when it comes to the price of the property. The price should be proportional to the market value.

5 - Developer

If you are going to invest in real estate in Dubai, it is a good idea to do your research on the developer. This will help you to determine if they are trustworthy or not.

If the developer is inexperienced or not well-known, then you will end up getting stuck with a lemon. In this case, you will be better off doing your own research and finding the perfect property.

6 - Property Agency

It’s important that you find the right property agency in Dubai. It is important to choose a reputable agent for your home purchase. A reputable agent will tell you if a property is a good deal or not.

Be wary when it comes to giving hard cash deposits. If you pay a hard cash deposit, it means you are pledging your property rights to the developers.

Conclusion

Real estate in Dubai is one of the best investments you can make. If you are looking to invest in real estate, you’ll want to follow these tips to ensure that you are protected and make a good deal.

Dacha is a top real estate agency in Dubai that provides high-quality real estate for sale and lease in Dubai and comprehensive property management services. With a clear focus on providing world-class client services, we managed to retain success during the Dubai property crash and have grown to become a key player in the industry. Contact us today!