Real Estate Market In Dubai

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.

Dubai is considered as one of the best performer as far as RoI from investment in Real Estate sector is concerned. Past few years has seen some ups and downs but now this market is more mature with stable growth governed over economic growth. As per CBRE group, apartment prices have increased by a decent 3.2 percent in the second quarter of 2014, making it quite profitable by 21 percent.

This positive change has also got the government to jump into action and revise caps on mortgage at the end of last year. And many more changes are to come to keep both buyers and sellers interests safe and ensure the investors comfort to manage their real estate assets remotely. With the effective combination of government backed legislation and general affordability has helped in reining growth and reducing the legal hassles, and chances of frauds. Today even expatriates can avail the loans available to expats for investment in real estate.

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.

If you are looking to buy property in Dubai keep in mind that about 70 percent of transaction is done in cash due to the vitality of the market.We highly recommend you to go for Freehold properties in Dubai due to obvious advantages.

The legal proceedings in Dubai is as easy as enjoying a cake or pastry. Even you can get it registered in your name without being present in Dubai / UAE. You just need to nominate somebody to represent you in Real Estate Regulatory Authority (RERA) for all formalities which will not last longer than 30 minutes.

Due to economic uncertainty still looming on major economies of the world, Dubai seems to be the best bet when it comes to property investments. According to Land Department of Dubai, top foreign buyers are from India, United Kingdom, Pakistan and Iran. The total property investment is expected to exceed by AED 60 Billion in 2014.

The future of property investment in Dubai looks promising with government taking up strong measures to protect the interest of buyers and sellers. And more lucrative projects are coming to life with efforts of developers and builders.

You need to visit Dubai to witness the scale of the growth of property taking place there. As an investor checking up on the upcoming projects and completed ones will give you better insights for investing in property.

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: January 31, 2018 — 11:05 am
Property Investment Buy & Sell Guide © 2017 Frontier Theme