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  • Market Trends
  • Dec 03, 2020

Tips to Buy a New Residential Property in Dubai

To be able to buy a residential property in Dubai is a feat in itself, be it a small studio apartment or a lavish villa.

A lot of people move to Dubai with the hopes of becoming a homeowner in this city of wonders but not many are actually able to turn this dream into reality. The living cost in this emirate is on the higher side; thus, not even highly paid professionals are able to manage their funds effectively. However, here comes the option of getting a home loan. Bear in mind that there is a set of prerequisites and requirements to meet to get the loan approved.

When you have cleared all these stages, then comes the time when you are ready to buy property in Dubai. Now, this process too entails a lot of challenges. And the biggest of them is to find a residential development that meets your needs and is suitable for you. With the launch of new projects in different parts of Dubai such as Stella Maris in Dubai Marina, it has become relatively easy for people to buy a home in a prime location.

Having said that, there are a few risks associated with buying new properties in Dubai. With the most prominent being prolonged delays in construction caused by numerous factors. Other than that, the risk of getting scammed is also there. However, that doesn’t mean you shouldn’t buy a new property in Dubai. These are some of the most effective tips that can help you in this regard:

Do a Lot of Research

To begin with, you need to do research and a lot of it. If you have already finalised a property, your research should centre around the developer who is at the helm of the project. Know about their reputation and if they have a history of meeting their proposed timelines or not. You can find all this information on the internet. All it needs some time and dedication on your part to get this information.

Furthermore, do some research on the quality of properties they have in their portfolio. If there have been cases of their projects not meeting the quality standards, do not trust them, even if the prices are on the lower side.

An important thing here, which most people tend to neglect is paying attention to the developer customer services. When you are spending a huge amount on buying a home, it’s imperative that you expect better customer service and prompt reply to your queries. Unfortunately, not every developer remains true to their promise of offering top-notch services.

To make sure you are not left in the lurch in case of an issue that has arisen after you have purchased the property. It is important to know about the standard of their customer services. For this, visit their office in person, instead of merely checking out their website or listings available online. You can also get in touch with your potential neighbours about the experience they have had with the developers. It will give you a fair bit of idea about the way they treat their clients.

Pick the Location Wisely

It goes without saying the value of a property is majorly dependent on where it is situated. However, it is important to know that most newly launched projects are built away from the central city. The developments around them are also under construction. But, on the positive side, the rates are on the lower side. So, here you will have to make a pick between a property that is tucked away from the city at lower rates or the one that is located within the city, amidst the famous iconic places, at higher rates.

No matter what your choice is, it is important to pick the location wisely. The right advice would be to look for villas, townhouses or apartments for sale in Dubai at the location that lies close to your workplace. Also, if the community is self-contained, it would save you from the hassles of commuting a lot to get basic facilities.

Know What’s Included

Modern lifestyle is defined by the luxuries and amenities available for the residents. This is why you would see that the latest projects that are launched in Dubai offer state of the art features and facilities that were earlier unheard of. Therefore, see that you know about the amenities you would get to enjoy the property. If it is a residential building. It should have serviced elevators, private balconies, a swimming pool, a BBQ deck, gardens and other features. Furthermore, advanced security measures are the need of the hour. So, ensure the project boasts of them.

Similarly, if you are looking for villas for sale in Dubai, you must know about the luxurious that would come with the dwelling. Generally, people opt for villas not only for their spacious and bigger rooms but unparalleled facilities such as a private swimming pool, separate storage and maid room, an open terrace etc.

Hire a Real Estate Firm

With abundant information available online, a lot of buyers believe that hiring a real estate agent or a firm is a waste of money. However, this is completely untrue. Whether you plan to buy a newly launched project or an existing one. Hiring a real estate firm can prove to be beneficial for you in more than one way. These include:

  • They can help to find the right property for you, based on your requirements.
  • They can help to negotiate the price.
  • Real Estate firm can give you sound market advice.
  • They can help you with paperwork.
  • They can provide you with real-time market insights and the expected trends that will surface.

You will be able to obtain all these and many more benefits. Only if you have selected a professional real estate firm. So, if you are looking to invest in the real estate market or planning to buy a newly launched residential property, visit Zoom Property and find the best residential property listings in Dubai. 

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