Dubai Property Buy and Sell: 4 Essential Things to Know

As an international investor looking to get into the Dubai real estate scene by either purchasing or selling a property, there are several essential things you need to know.

First off, you need to have a team of legal consultants working to ensure there aren't any unforeseen legal issues in the process.

Here are the other significant things you should know when investing in Dubai real estate:

1. Deciding Between Leasehold and Freehold

Dubai properties are either leased or bought by the respective tenants or owners. When it comes to property, an individual typically has two options: leasehold or freehold.

• Leasehold

Leasehold is the property purchased for a term of years, usually 20 to 99 years. It's a form of property ownership where the owner doesn't have the rights to sell or sublet the property.

Leaseholds are owned by the government and are rented out under a long-term lease.

• Freehold

Freehold is the ownership of property by an individual or entity. When it comes to properties, a freehold has the right to sell the property they own. The buyer can either be another individual or a group of individuals.

The difference between leasehold and freehold is that the buyer owns the freehold property while the government owns the leasehold property.

2. Choosing the Developer and Property Location

The Dubai property market can be tricky and filled with many options. The best thing to do is to narrow down your choices and then decide.

There are many developers in the city, and you can select one based on what you are looking for. You can also choose to build a property with a new developer in the process.

Also, if you choose to purchase a property, you have to research the locations where you can have the best property. Property prices can vary based on locations and access to airports, malls, schools, and hospitals.

3. Finding a Real Estate Broker and Property Team

There is no way to go through alone renting or purchasing a property. You need to team up with a real estate broker. Your broker will help you find the property you want and negotiate on your behalf.

The broker will also be able to walk you through the Dubai property market, show you the properties that fit your needs, and help you analyze the market to find properties that might fit your needs.

4. Seeking a Real Estate Lawyer in Dubai

Dubai is filled with many real estate laws. You need to seek the services of a real estate lawyer who will ensure your rights are maintained at all times.

Investing in Dubai properties is highly profitable, but you may have to work hard to achieve your goals. The process isn't easy. However, with the right team, you can easily succeed.

Conclusion

When seeking to invest in Dubai real estate, it is crucial to seek the services of an investor who is familiar with the city and its real estate market. The investor should also have knowledge of the principles and laws that govern property in the city.

Dubai real estate market is booming. If you are an international investor looking to invest in Dubai, knowing these things is essential to making the right decision.

Dacha is a top property agency in Dubai providing 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. If you’re looking to buy or sell a property in Dubai, you can count on us! Get in touch with us today!