Dubai is the very popular and hottest property market in UAE. Many emirates and non-residents have chosen to best option to invest since freehold property was established for non-UAE nationals in specific areas of Dubai in 2002.
This Guide is explain the typical steps involved in buying a property in Dubai. The Guide is free of cost, not for only members of empirepropertiesdubai.com. After reading it, you should have enough knowledge to handle your purchase with confidence.
Keep registering with estate agents.
Sometimes agents don’t get back to you or send details. It can seem like they’re not interested and you wonder if they want to sell houses! This is a misleading perception – they’re just busy and someone else might have beaten you to the post. Estate agents are not obliged to call you when your ideal property comes in. So it pays to call and visit regularly.
Appoint a solicitor before you find a property.
This will avoid delay once you’ve found a property and want to proceed to survey. It also shows the purchaser/estate agent you’re serious about buying.
Find out the history of property you’re interested in
E.G. How long it has been on the market, if any offers have fallen through etc. This’ll highlight any possible problems – for example did the purchaser find a problem at survey stage.
Offers should always be subject to survey.
Make an initial offer of around 10% less than the purchase price and be prepared to go upwards. You may meet somewhere in the middle. However, in a market where demand is high properties usually achieve their asking price and you run the risk of loosing it.
Establish solicitor’s costs up front.
Legal costs can mount up so establish what it could cost best and worst case. That way you can budget.
Kindly visit our following Buyer Guide to know more about buying process in Dubai, UAE.
Empire Prestige Properties is a leading player in Dubai real Estate. For any property query in Dubai region, kindly visit us on http://www.empirepropertiesdubai.com or feel free to call our executive at +971-4-441-6373. Our experts can guide you and help you make investment of a lifetime. We are a known company based out of Canada and believe eithcal practices.