Valuable Tips for Buying Investment Property in Dubai

Valuable Tips for Buying Investment Property in Dubai


Petrodollars are not the only source of income in UAE – many residents and non-residents have chosen to take a position in property since freehold property was established for non-UAE nationals in specific areas of Dubai in 2002.

In Dubai, property buying processes are relatively simple for foreigners as compared to other economies. Dubai a beautiful prospect for real estate buyers, and recently, regulation has begun to enhance dramatically opening the market up to the more cautious expatriate investor.

Dubai rents rose rapidly in 2013 meaning owning property within the city has once more become a lucrative prospect. The likelihood of creating large profits from renting out or reselling the property in Dubai is extremely attractive to several. Equally, conventional buyers and investors who simply want to ascertain a daily, solid return also are a considerable part of the Dubai market. Zero tax, convenient location, modern infrastructure, negligible rate, and cosmopolitan environment are among the various contributing factors to Dubai’s most up-to-date property boom.

Whether you’re a local or a far-off buyer, it’s necessary to think about a couple of key points before buying an investment property in Dubai.

Buying Investment Property in Dubai

1. The reason behind your property purchase

Reason behind property purchase in Dubai

Before you begin viewing properties, identify the reason for investing in Dubai property. Whether you are thinking of having a property in Dubai or you would like to invest only. You have to consider these things as this will significantly influence your choice of property investment. If you’re getting to hire out the property, a one or two-bedroom apartment may be a far better idea than a luxury villa. A luxury villa is great for a living but far less upkeep and maintenance are going to be required.

2. Choose the simplest time to shop for

Time to invest in Dubai properties

The best time to shop for an investment property is when mortgage interest rates are low, and when there’s an oversupply, as this may allow buyers to barter on prices, so keep your eye on market conditions and costs. Post-Covid time would be a possible period to get great deals in the Dubai property market.

3. Location, location, location

Locations to invest in Dubai

Don’t compromise on location. Investors should consider areas with high rents and high demand. Spend a while within the neighborhood to form sure you’re proud of your property

4. Consult a licensed property agent

Licensed property agent in Dubai

Do your research to seek out a reputable developer, or, if you’re buying within the secondary market, use a longtime RERA-registered land agent like Dubayt. This may be invaluable to you because you’ll enjoy years of market experience. If you’re buying off plan direct from a developer, be very clear that you simply will want comprehensive project details before you buy. You’ll also need a lawyer to facilitate the method of property purchasing.

Increased regulation means you’ll get to have your finances organized beforehand. Knowing what you’ll pay or afford to borrow will increase your confidence and assist your move quickly once you find a property you wish. If you’re a replacement investor, make certain you’ll cover your mortgage payments for the primary six months because it’s going to take time to seek out a tenant you wish.

And extra advice is ‘Ask questions before you sign’

Property Investment Advice in Dubai

If unsure, ask a knowledgeable investor or a lover or loved one who has experience in the market. You’ll sleep better within the dark in the run-up to closing your deal if you’ve got resolved concerns before signing on the property paper. This may also assist you to avoid property scams or breaches of contract.

And finally…

Your success in investing in commercial or residential property will depend upon your ability to know the market, so do your research and hear advice.

Contact Dubayt.com to start out investing in Dubai property.

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I have gained extensive experience working in the real estate field over the past ten years of hard work and experience from real estate knowledge in Dubai, which allowed me to communicate effectively with many different nationalities and gave me a set of skills, the most important of which is property management, buying and selling on behalf of the concerned person.
With over 5 years of Real Estate experience, and specialising in Dubai Marina, JBR, JLT , Palm Jumeirah , Emirates Hills ,Meadows , Springs , Jumeirah Park and Al Barsha, aim to help you find your ideal property and manage for both leasing ans selling to ensure an exemplary level of customer service, support and advice along the way.
I began my career in Real Estate 7 years ago. The exceptional experience that he provides to his clients is a reflection of his past roles in customer service and continued commitment to his clients.
I joined Noor Al Fajr Real Estate in 2010 known as Dubayt now and became a real member of the well-established real estate company in Dubai. Achieved a 2014 broker’s award by Dubai Properties Group.
Expert in Marketing and Selling off plan properties Specially considering the clients requirement and taking it personally and then delivering them with the perfect property.
I have gained vast experienced in working in the real estate for the past 10 hardworking and experienced years of Dubai real estate knowledge, allowing me to communicate effectively with many different nationalities and giving me a very distinctive skill set. Been through hardship so many times but at the end of the day everything pays off. Handling client with courteous voice tone and making sure after everything that I have discussed with the clients I know that I have gained their trust.
I have gained vast experienced in working in the real estate for the past 10 hardworking and experienced years of Dubai real estate knowledge, allowing me to communicate effectively with many different nationalities and giving me a very distinctive skill set. Been through hardship so many times but at the end of the day everything pays off. Handling client with courteous voice tone and making sure after everything that I have discussed with the clients I know that I have gained their trust.