WHAT YOU NEED TO KNOW WHEN BUYING A PROPERTY IN DUBAI

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There are many things to consider when considering buying a new home. Especially if you are planning to buy property in a new city that you are not as familiar with, or even if it is your first home, you may find the process a bit overwhelming.

Basically what you need is a place to start from,where villas for sale in dubai and then go step by step through the whole process, and everything becomes clearer to you. The first thing to start with is deciding what you are looking for. As simple as it may sound, this particular step requires making some decisions that may seem obvious but require attention to a few things. In this article, you will read about the most important points to consider when deciding what type of property you want to buy in Dubai.

Family home or investment property

There are some significant differences between choosing the home you want to live in and a property you want to buy as an investment. The differences mainly concern lifestyle, location, size, type, and most importantly, clear or off-plan properties.

Unplanned or ready properties

Off-plan or under-construction properties are mostly more affordable than move-in ready. Since there is a waiting period between the purchase and receipt of the property, the price you pay for a property without a plan is inconvenient, as the property’s value will eventually increase once construction is complete.

However, the decision on whether to opt for an off-plan or move-in-ready property must be decided based on your situation and the reason you are purchasing the property. If your goal is to have the property to live in, or to start renting and reaping the benefits of your income as soon as possible, it would make a lot more sense to buy a move-in-ready property. But if you find that you can sacrifice the wait for a higher quality home or a better location within the same price range that you would have with a clear property, you may go completely off plan.

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Location

This is possibly the most important factor to consider when planning to buy your new home or even buy investment property in Dubai. The location of your property plays a crucial role in the quality of life you have, as well as the value of your investment.

When buying a home for your family, it is very important to choose a location like dubai marina apartments for sale that ensures that you can spend as little time as possible commuting between the home and the places that you and your family members visit every day. Try to drive to the location of the house you want to buy before making the purchase to test the time it takes to get there from your daily destinations at different times during the race. Of the day, especially during the long hours of traffic.

When buying an investment property, choose a location that is coveted by renters or buyers so that you can guarantee that it won’t sit empty for long when you put it on the market.

Kind of property

The type of property you choose can affect your lifestyle and also determine how profitable your investment is. It is important that you decide if you want to live in the house or if you want it to be an investment before deciding what type of property you want. Studios and small apartments are better investment options than large apartments or villas. Since smaller properties are easier to rent or sell if you decide to sell your property in Dubai.

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When buying a home for yourself and your family, think about your current and future needs. If there is a chance that your family will grow, it means that you will need more space for a comfortable lifestyle. Therefore, a villa or townhouse with many bedrooms would be a good option for you, as it not only provides the space you want, but also the privacy you need.

Services and facilities

This depends on your lifestyle or the type of life you would like to have when buying this property when it comes to a family purchase. If it is an investment property, it is important to focus on the availability of services that are important to most residents of a large city like Dubai. This includes subway stations, bus stations, schools, clinics, parks, and entertainment venues; or basically active in the area where the property is located. As well as the facilities offered by the building or community, such as swimming pools, gyms, playgrounds, sports courts, etc.

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Price

You must know your financial situation. Whether you have savings you can trust or want to apply for a mortgage, find out the maximum price you can put on a property without charging yourself. Try to find out the approximate amount for which you are eligible as a home loan before searching so that you can search for the properties you know you can afford.