Buying property in Dubai – Dubai is one of the most attractive and gorgeous locations in the world. Though law and order are strict and there is a long list of do’s and don ts, life here is expressively happening. It is an aspiration for many to own a property in the dreamland. Keeping in mind the excellent deals being offered in the property market at UAE, investing in it will be a wise choice for you. There are ample freehold properties in Dubai which you can get hold of at stealing deals.
You have to stay well informed about the ongoing rates, and sales offered, properties at a different location according to your choice and the facilities offered. If you do not reside in Dubai or you are not much aware of the process and the real estate market, seek help from any of the private real estate investment company. In exchange for some fees, they will provide you proper guidance while you take a tour and select the property best for you. Here are nine things for you to remember while you chose a property to invest in Dubai.
The history-
Located in the United Arab Emirates, Dubai was established in 1972 by Late Sheikh Zayed bin Sultan Al Nahyan. It is a part of the Gulf cooperation council. With the economic curve rising upward, Dubai is an attractive choice investment. Along with being the world’s prominent business center and favorite tourist spot, Dubai is ever progressing.
Everything about the Land Department-
Dubai Land Department is assigned by the government to evaluate and control the market of real estate investment inside the UAE borders. The department takes care of the organization, registration, and promotion of saleable properties.
Demography-
Dubai is a place where people from different cultures and nationalities reside together. With advanced facilities and high-end infrastructures offered by the government, Dubai is a natural choice. The approximate population of the country is 2.7 million.
Freehold properties in Dubai-
Freehold properties as opened by the government for people living outside the country to buy are available in places like Um Hurair, Al Barsha, or Jebel Ali. Locations get added to the list with time.
Areas for Lease-
You can not own a property in Dubai. You will be given a lease starting from 10 years to 99 years. Before buying, check whether the prospective area is listed under freehold properties or the leasehold properties.
Convenience-
If you plan to buy and reside in the house in Dubai, go for an area that is more comfortable for your family. If you want to invest, then consult an agent as factors like high rent or returns are related.
Future-
With tremendous progress every day, Dubai will soon beat up other first-world countries and will provide world-class infrastructures and lifestyle.
Finance-
For investing in a property, you need to use and pay only through the authorized banks by the central.
Also Read: 4 simple steps for effective real estate marketing online
Scan–
Before finally settling for a property, check the area, security system, backdrop and return prospects thoroughly
