What is the process of renting a property in Dubai?
Whether you’re looking for your dream home or a lucrative investment, buying property is an exciting step (with the right support by your side, that is). Knowing what to expect from the start can simplify the journey and help you clarify any questions. Let’s get you started.
What you'll need
Before you start Googling properties for sale, there are a few simple things that can make the process easier. If you haven’t set a budget now is the time to do it, plus you’ll have to decide between cash and finance for your payment method. If you go with finance, you’ll need pre-approval from your bank to position yourself strongly when making offers.
Ask yourself what your ideal timeline would be – keep in mind that the duration of the purchase may vary, so leave some wiggle room if you can. Finally, write down any property preferences to discuss with your Consultant further down the line.
What are you looking for?
Dubai is full of stunning properties in different settings. Apartments, villas, townhouses, and penthouses are all great options, but it will all come down to your budget and needs. Not sure what you want yet? Your Property Consultant can show you a few options and provide professional advice.
Now is also a good time to start thinking about the area you want to buy in. From golf villas to beachfront towers and modern townhouses, there’s something for everyone. Just remember to consider important points like travel times, proximity to work, accessibility, etc.
Choosing the right property agent
You could buy a property with no help, but do you really want to take on the hassle? An experienced agent will show you relevant options, help you understand the market, and steer you towards the best opportunities.
But it doesn’t end there – you might want to rent out your new property and have it professionally managed. What about home maintenance and those renovations you had in mind? Choosing the right agency that provides a wide range of services will take the stress off your shoulders while still having one dedicated point of contact.
Should I buy off plan or ready property?
Ah, the million-dirham question. As a buyer, you can choose between off plan and ready homes. Properties that are to be developed or under the construction phase are called off plan, and the ready properties are those where the building stage is finalised.
Ultimately, the answer will depend on your budget, goals and timeline. Here’s an overview of both options:
Ready properties – If you’re an investor looking for immediate rental income or a buyer wanting to move into a new home soon, Dubai offers all kinds of ready properties in urban, beachfront, and nature settings. Buyers can expect to get a high loan to value (LTV) ratio for these homes, making it easier to get a mortgage from the bank. Curious about this option? Explore properties for sale in Dubai here.
Off plan projects – With new developments being announced every week, the Dubai off plan property market is on the rise. Investors and buyers can secure prime units with easy payment plans that are completed upon handover. These properties yield high rental returns, a good ROI and great capital appreciation when finalised. Here are the latest off plan properties in Dubai.
What is the difference between freehold and leasehold ownership?
Ah, the million-dirham question. As a buyer, you can choose between off plan and ready homes. Properties that are to be developed or under the construction phase are called off plan, and the ready properties are those where the building stage is finalised.
Ultimately, the answer will depend on your budget, goals and timeline. Here’s an overview of both options:
Ready properties – If you’re an investor looking for immediate rental income or a buyer wanting to move into a new home soon, Dubai offers all kinds of ready properties in urban, beachfront, and nature settings. Buyers can expect to get a high loan to value (LTV) ratio for these homes, making it easier to get a mortgage from the bank. Curious about this option? Explore properties for sale in Dubai here.
Off plan projects – With new developments being announced every week, the Dubai off plan property market is on the rise. Investors and buyers can secure prime units with easy payment plans that are completed upon handover. These properties yield high rental returns, a good ROI and great capital appreciation when finalised. Here are the latest off plan properties in Dubai.
How long does the buying property in Dubai process take?
Ah, the million-dirham question. As a buyer, you can choose between off plan and ready homes. Properties that are to be developed or under the construction phase are called off plan, and the ready properties are those where the building stage is finalised.
Ultimately, the answer will depend on your budget, goals and timeline. Here’s an overview of both options:
Ready properties – If you’re an investor looking for immediate rental income or a buyer wanting to move into a new home soon, Dubai offers all kinds of ready properties in urban, beachfront, and nature settings. Buyers can expect to get a high loan to value (LTV) ratio for these homes, making it easier to get a mortgage from the bank. Curious about this option? Explore properties for sale in Dubai here.
Off plan projects – With new developments being announced every week, the Dubai off plan property market is on the rise. Investors and buyers can secure prime units with easy payment plans that are completed upon handover. These properties yield high rental returns, a good ROI and great capital appreciation when finalised. Here are the latest off plan properties in Dubai.