Dubai New Grounds Are Now Open For Investments

Buy sell Property & Real Estate Investment Guide

Buying Property Tips#1: Choose the Right Location
Before you choose a location, it is of utmost importance that you consider the development prospect of the area. Other factors to consider here is crime record of the area, availability and nearness of public facilities and utilities.
Buying Property Tips#2: Study the Local Market Dynamics
It is important to get well familiar with the local realty market. Learn the variation in property prices by street. Don’t shy away from asking a few realty investment agents questions to get better insight on the matter.

Do you like to have your own home in Dubai? If so, then you can easily find homes. But what do you need? You will be going to need some proficient and well-experienced Real Estate Agents who can not only look for the exact match for the house of your dream but also make the paperwork all handy. For those of you who don't know about Dubai, it is a glamorous city in United Arab Emirates and serves to have largest metropolitan city of it. Also there are endless opportunities of jobs as well as entertainment. You can both go and have some vacations there or you might have a permanent living there.

So why to buy some homes in Dubai? First of all, it is the home of vivid lifestyle. Also it has a diversified multi-ethnic background with people from across the globe dwelling there and bears a sub-tropical climate. Secondly during the fiscal year, prices have shoot up to 25% on properties. And this has caused the city as a potential hub for getting low priced but luxurious properties. However the trend doesn't seem to slow down nowhere soon.

Buying Property Tips#3: Choose the Right Property
Getting the right property right away is quite unlikely. First, you need to be clear on why you want to buy an investment property. After that, you will be able to make right decision based on factors like remoteness or accessibility of the property.
Buying Property Tips#4: Do the Math Properly
Get a precise idea on the value of assets you have available. If you are investing in rental property, make sure you can easily cover the mortgage payment through rents. Additionally, get a clear idea on the appraisal value of the property beforehand.
Buying Property Tips#5: Consider Additional Expenses
When purchasing an investment property, it is not only the selling price that investors need to consider. There are various additional expenses such as property tax, home owner’s insurance, repair & maintenance that must be considered.

Regarding some homes purchase, you might be thinking of what to do about it. So here is the complete guide for finding Dubai homes at ease. But first you have to know the demographics of Dubai. Dubai is basically divided into two halves; one is Bur Dubai which is the older part of Dubai and the other one is Deira which faces Dubai Creek and is the core of city. Most of the Westerners prefer to live in Jumairah and Al-Garhoud. However the recent developments for Dubai homes are being carried out in the West of city where most of the foreign buyers are covering a total of 25 km2 area. As far as the locations are concerned you can ask Dubai Real Estate Agents about that as they are more than happy to help you out.

After carefully looking for specific location, you go and choose a home of your own. Most of the British nationals like to live in apartments as well as luxurious villas having various leisure facilities; like, swimming pools, gyms and tennis courts to name a few. . As per decree of 2002, foreign nationals are eligible to have their own house. New developments include the Palm Island which covers a total area of 5 km into the sea off Jumairah. However it is of keen importance to understand the ownership rules and various purchase procedures for buying some Dubai homes. And it should be understood that some of those developers are selling on leasehold titles rather than freehold ones. You can ask Dubai Real Estate Agents for help on this one. Another thing that needs your undue attention while understanding the property purchase process. There is no formal process that exist there, rather it's only a piece of paperwork is mandatory which is a sales agreement and is the only legal binding for having your own Dubai homes.

Buying Property Tips#6: Inspect the Property
To ensure that you are getting everything you are paying for, a thorough inspection of the property is essential. Besides ensuring that you are not overpaying, a rigorous property inspection also gives you a good estimation on what the additional expenses might be.
Buying Property Tips#7: Pick the Right Financing Option
While interests on investment property loans are tax free, some borrowing costs aren’t immediately tax deductible. Knowing that, and structuring your financing in accordance is crucial. Don’t hesitate to ask for help from a financial advisor.
Buying Property Tips#8: Invest through Equity
One of the best ways to purchase an investment property is to leverage the equity of another property (including your primary home). This is a preferable way among regular investors, especially due to added tax deduction advantages.
Updated: April 5, 2017 — 2:58 am
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