The UAE is among the top leaders of countries that are attractive for foreign investment in real estate. The high standard of living in Dubai and the affordable housing costs attract citizens from all over the world. Someone wants to move to a permanent residence in a country of eternal summer, but someone is thinking about saving money and getting additional income. The housing market allows you to choose real estate for sale in Jumeirah, Dubai Marina, Business Bay, or in other demanded areas of the emirate. What do you need to know before making a purchase decision? Below you will find answers to the most common questions.
Primary or secondary Dubai real estate?
The United Arab Emirates meets high quality standards. Therefore, houses older than 10 years belong to outdated housing. These requirements relate to the quality of the materials. As for premium real estate, you should invest in primary housing or new houses.
Are all prices from developers favorable?
To sort out these details, it is necessary to focus not only on the cost of the apartment but also on the area and the layout. The price is not always beneficial for a similar area. It is recommended studying the layout to the smallest detail. This is the only way to understand where square meters are: in a room or on a glazed terrace. In any option, this can be up to 5% of the error of the area stated in the contract. If the threshold is exceeded, the developer must pay a penalty.
Is it really possible to profit from the resale of foreign properties?
The United Arab Emirates has no restrictions on the sale of real estate at any stage of construction. For foreigners, this opens up great opportunities
- you can buy an off-plan apartment in new buildings with savings of up to 30% of the cost after the house is commissioned;
- it is possible to sell apartments before the building is put into operation at any stage of construction, making a profit.
Which is better: apartments from a private or public developer in Dubai?
Private developers may interest buyers in prices. However, government projects have several advantages, such as:
- Confidence in the successful completion of the house on time based on experience.
- Use of the developed infrastructure of the district. Large developers work not only on the construction of residential complexes but also improve the surrounding area.
Assistance with the purchase of real estate in Dubai
Emirates.Estate provides up-to-date information about the UAE housing market and offers from developers and local real estate agencies to sell housing in Dubai and other sought-after emirates. Specialists are ready to advise those interested in buying real estate for permanent residence or investment.