7 Things To Consider When Thinking Of Buying Properties In Dubai
Buying Properties In Dubai
Have you made up your mind to invest in Dubai off-plan real estate? Are you wondering what are the tips you must know before you make any final decision? Frankly speaking there are a lot of things that need to be considered when buying any kind of Dubai Villas, Dubai Apartments, or Dubai Hotel etc. There are a lot of things that can be written on this subject but for now, we are mentioning 7 most important things that need to be considered when thinking of buying properties in Dubai.
Tip # 1: Location
There is one of the famous sayings about the property is that there are three parameters that define the value of a property and these parameters are location, location, and location. Within this parameter, there are certain other aspects that need to be considered. For example, the best suitable type of locality is dependent on your requirement. For example, in Dubai, if you need luxurious apartments with mesmerizing views then Jumeirah Lake Tower properties are among the top option to consider. It is a large development in Dubai consisting of 80 towers built along the edges of three artificial lakes. It is a premium property for sale with beautiful and luxurious hotels around. Were you finding for any such option? Think you got it all. We have 1, 2, and 3 bedroom apartments located in the coastal community of Jumeirah. The view from the apartments is so amazing that you can’t even think of another option once you have seen it.
So, the question that you need to ask yourself is “What is the primary purpose behind purchasing a property in Dubai”? Before you begin the search, you should answer this question so that your efforts and energy can be invested in a proper way. Aeon & Trisl can guide you in finding a purpose for your investment. Just come to us and all your worries will be over.
- New Locations in Dubai– ‘Dubai South’ is one of the locations that are available at cheap prices but expectedly their value will grow in the future. We have studio and bedroom apartments at this location and it is a part of our off plan Dubai properties.
- Developed Locations in Dubai– If your primary purpose is to get decent rental income then ‘Dubai Marina’ is the best location for it. It is also in our list of Dubai off-plan real estate.
- Affordable Locations in Dubai- If you are restricted by investment, then it is recommended that you invest in affordable locations in Dubai for example, ‘Jumeirah Village Circle’. It is one of the in-demand lands for sale in JLT.
Tip # 2: Master Developer
Once you have identified key areas where you can think of buying your off plan Dubai property then the next step is to select local real estate agents who can guide you about how well maintained the community is and how it works. In order to select the developer, the history of the developer is very important. Two most renowned developers in town are ‘Emaar’ (Downtown Dubai, Dubai Marina, Dubai Creek and Harbor, etc) and Damac Properties (Akoya Oxygen, Damac Hills etc). We are working with both of these developers.
Tip # 3: Project Developer
The construction of a project like buildings, villas, apartments, etc is the responsibility of the developer but the maintenance of the project is the responsibility of the project developer. Once the master developer is selected, it is essential for you to select the project developer. With Aeon & Trisl, you don’t have to worry about any of these things; we will get everything done for you.
Tip # 4: Maintenance Company
It has been observed that no matter how beautiful the project is built, the value of the project is decreased if it is not maintained properly. Usually developers attract you by saying it’s a premium property for sale but later on due to poor management, the worth of the property is affected. Make sure you are well aware of the maintenance company before you purchase any off plan Dubai properties.
Tip # 5: Age of the Building
Dubai is fairly a new city. Its developments are not older than 15 years. But recently many other new developments are also seen. Dubai Villas are being constructed which is a premium property for sale. Not only local but international investors are also interested in investing off-plan Dubai properties due to cheap prices and large anticipated market growth. Developer’s warranty comes into play when you purchase an old or a new building in Dubai.
Tip # 6: Property Condition
Before purchasing any off-plan Dubai properties, the buyer should either get an inspection done on personal basis or hire a private company to prepare an inspection report. The points highlighted in the report are very useful when it comes to the bargaining of the price.
Tip # 7: Price Evaluation
To understand the true worth of the property in Dubai, it is essential to consult an expert in the real estate industry. The local real estate agents of Aeon & Trisl are masters of their field. The prices of the properties we will be quoting you will be the best in the market. No matter whether it’s a premium property for sale or affordable ones, you will be satisfied with our prices and that is our guarantee.
Is Dubai A Good Place To Invest In Property?
Dubai is a new city as its developments are just 15 years old. The real estate market of Dubai has been on boom from last couple of years and not only local but internationals investors are interested in investing in Dubai market. The primary focus of the investors is towards off plan Dubai properties because these properties are not only cheap but also the chances for its value growth are quite evident. On the contrary, the properties that are already established will experience slow growth. And not only is this, Dubai off plan real estate has diverse range of properties beginning from affordable ones till premium property for sale. So yes, Dubai is an attractive place to invest in property. Grab the opportunity before it’s too late!
What Factors Should You Consider Before Purchasing Real Estate For Investment Purposes?
Dubai is a hub of investment and nowadays when other international markets are reaching its peak, investors feels Dubai as still being affordable. It has something to offer to different kind of investors, may they be looking for cheap properties or premium ones, Dubai has it all. But before purchasing or investing in any kind of property, it is essential to consider the following factors:
- Location of the property
- Know the master developer
- Know the project developer
- Who is maintaining the building?
- How old is the building?
- Condition of the property
- Price of the property
- Financing options
- Title deed transfer
- Associated costs