Property in Dubai - Maison Wealth

Property in Dubai

Risks involved in property investment: buy apartments in Dubai

Pros and cons of buying property in Dubai. Only proven objects for life and investment. Underrated Dubai apartments with high income.

Factors to consider:

Neighborhood and conditions

In Freehold, all foreign citizens can buy apartments in Dubai and make any manipulations with land and other real estate. In Leasehold purchase and sale of real estate is allowed exclusively to citizens of the UAE and some Arab countries. Before you purchase, you must be familiarized with the object's status to correctly assess all possibilities and dangers.

Developer's reliability

Visit the construction site, communicate with company representatives, study the project, and compare it with similar objects. If you consider buying property on the secondary market, have time to talk with the tenants and evaluate the quality of the management company.

Assess your capabilities

Remember that in the UAE legal system, having a debt falls under the definition of a criminal offense, not an administrative one. Developers often offer favorable installment terms (20/80 or 30/70), but your financial situation may change during construction. The urgent real estate sale might require a significant decrease in value.

Additional real estate opportunities for investors

As you can see, many risks exist, but we know how to solve them!

Even though significant fines are paid for missed deadlines, many new buildings deliver with a delay. Pay attention to the length of delays in the already completed projects of the developer you have chosen
Find out the specialization of the developer, make additional inquiries, and make sure that the necessary infrastructure is around the object
Include in your budget the following: DLD fees (4% of the property value), certificate of ownership fee (Title Deed) - $ 136, purchase and sale insurance - $ 1100, real estate agent commission - 2% of the property value, certificate of no objection ( NOC) - $1300
It is better to entrust a preliminary real estate market analysis to minimize risks and eliminate unwanted costs

Start investing in Dubai (UAE), think it over and we will be there for you.