Are you planning to buy a real estate in UAE, particularly in Dubai? If yes, then it is essential to understand how the whole process works. Having the knowledge on how to buy a property in Dubai would ensure that the transaction runs smoothly and you get your property with the least stress and inconvenience possible.
Here are the basic steps you need to follow when acquiring a property in Dubai.
Dubai offers a wide range of properties for sale and the options can be very overwhelming. Know your needs first and you will know where you are going.
Determine what type of property you are looking for. Do you want to buy apartment in Dubai, traditional home, townhouse or villa? How many rooms and bathrooms do you like? How big the property should be? Do you need it to be in the suburb or near the city? These are some of the things you need to answer.
To further narrow down your options, determine your budget. The average house price in Dubai is around AED2.78 million or $760,000. However, it may be less or more than this depending on the type & no: of bedrooms you are looking. Determine as well whether you will be getting a loan or not.
You can start your search online. There are a lot of property listings on various websites. Shortlist some properties. Afterwards, you can slim down your list to few properties only. From there, you can then schedule viewings of the properties and get to speak to the sellers directly.
At this point, you can speak to a mortgage broker or real estate agent as well. They have the right knowledge and experience to help you explore your options and even guide you through the complete buying process.
Once you have found the right property for you, it is time to buy. Now, the procedure may vary depending on your situation. For example, a non-resident and UAE national would have a different way of buying a property. Generally speaking, a non-resident would need to provide more documents and meet other eligibility requirements to successfully buy property in Dubai.
Another factor that may affect your transaction would be the nature of the property you want to buy. For example, the process of buying a freehold property would differ from buying a leasehold property.
The steps mentioned in this post are an overview of what it takes to buy a property in Dubai. The process may become complicated especially if you are unfamiliar with the property laws of the country.
For this reason, having a knowledgeable and experienced real estate professional by your side would make a great difference. This is where Rocky Real Estate comes in.
Rocky Real Estate has been in the real estate industry for many decades now. We have the necessary expertise to guide you through the process of buying apartments in Dubai or any type of properties. From finding the perfect property for you to closing a deal, we can guide you in every step of the way. That includes meeting legal requirements and ensuring that you get the best deal possible. Give us a call today to learn more!