Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,153,701 members, 7,820,449 topics. Date: Tuesday, 07 May 2024 at 03:09 PM

Things You Need To Know Before Buying A Property In Dubai - Business - Nairaland

Nairaland Forum / Nairaland / General / Business / Things You Need To Know Before Buying A Property In Dubai (187 Views)

Jaruma Empire Tradings Is Officially Registered In Dubai UAE (Video) / Buying A Land With 600k Or Starting A Business? / A Merchant Sings Yoruba Songs In Dubai For A Nigerian Woman (Photos, Video) (2) (3) (4)

(1) (Reply)

Things You Need To Know Before Buying A Property In Dubai by romanriaz(m): 3:13pm On Aug 09, 2021
When it comes to purchasing a new house, there are several factors to consider. You can find the overwhelming process, especially if you are considering purchasing a house in a new location that you are unfamiliar with, or if this is your first home.
Essentially, all you need is a starting point, so simply follow the procedure systematically and everything will become apparent to you.
The first step is to determine exactly what you are searching. At this stage, make some judgments that may appear apparent yet necessitate an understanding of certain aspects. In this article, you can find the process systematically. So let us move on.

1. A single-family residence or an investment property
There are some significant distinctions between buying a home to live in and buying a property to invest. The primary difference is based on lifestyle, location, size, kind, and, most importantly, finished vs unfinished real estate.

2. Off-the-plan or ready-to-move-in properties
Off-plan or under construction properties are typically less expensive than ready-to-move properties. Because there is a delay between purchasing and receiving the property, the amount you pay for an off-plan home is a problem because the property is worth will ultimately improve after construction is completed.
If you want to live in or rent out the home as soon as possible and enjoy your income, buying a ready-to-move property makes much more sense. However, if you discover that you can sacrifice the wait to have a higher quality house for the same price as a ready property, you may opt for an off-plan.

3. Location
This might be the most essential thing to consider when looking buying a new house or an investment property in Dubai.
When purchasing a house for your family, it is critical to select a location that allows you to spend the least amount of time traveling between your home and the locations you and your family members attend regularly. Before you buy, take your car to the location of the house you want to buy to check how long it takes to travel to your daily destinations at different times of the day, especially during rush hour.

4. Type of property
The kind of property you select can have an impact on both your lifestyle and your return on investment. Before choosing the type of property you want to live in, you need to consider it. Studios and small flats are better investment options than huge apartments or villas. When you decide to sell your Dubai home, smaller properties are easier to rent or sell. When purchasing a house for yourself and your family, you must consider your present and future needs. When your family has the potential to grow, they will require additional living space to be comfortable.

5. Price
You must be realistic with yourself about your financial condition. Find out the maximum price you may invest on the property without charging yourself, whether you have money or wish to apply for a mortgage. Before you begin your search, determine the approximate amount you are eligible for as a house loan so that you can browse for residences that you know you can afford.

6. Additional suggestions
Browse city guides for many communities in Dubai at Binayah Real Estate Dubai. Then check at the transaction records to see what's trending and what community or project costs for services are, as well as other helpful information that may help you make an informed decision about the property you want to buy.

(1) (Reply)

Everything You Need To Know Before Getting A Side Hustle / No Bank Will Give You 18.5% Interest Annually. But We Will. / Get Real And Active Nigerian Followers On Instagram

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 14
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.