Buy / PROPERTY BUYER’S GUIDE
The Dubai property market has grown exponentially in the last 20 years; therefore, buying property here can be confusing. Our experienced brokers are here to help. Whether it be an investment or property to call home, our brokers are here to guide you through the process.
Once you’ve decided to purchase and have determined your budget, we are here to help you find the perfect property.
Selecting which broker to work with can be a minefield. With over 500 new real estate companies established in 2021, it’s essential to not only find someone who is experienced and knowledgeable in the area that you want to buy, but someone you can trust. With many freelance brokers working in the industry today, it’s imperative that you only work with a registered RERA broker with a proven track record. If in doubt, querying the Dubai REST app will tell you everything you need to know about the brokerage firm and the individual transactions in a particular community.
Organise your financing – explore different bank products or talk to a mortgage broker.
Decide key features of your property – determine the number of beds, location, distance to schools, commuting distance for work.
Select an experienced broker/community specialist representing multiple properties in the area you want to buy.
Understand the sale process – making an offer, negotiating, agreeing on a price, fees involved, paperwork and contracts required, NOC, transfer process and final handover of your property.
Viewings – view a selection of options within your budget in the areas you are considering. Keep an open mind, and don’t rule anything out.
Make an offer – ask the broker for recent sales data and decide what you think is a fair offer. The broker will negotiate with the Seller on your behalf to reach a final price.
Sign the sales contract – ensure you agree and understand the terms and query anything that you do not understand.
Complete the sale – conveyancer and broker complete the sales process to finalise the transfer of ownership.
Contact Our Urbannest Specialist on 971 4 221 2442, 971 55 394 7515, or kindly provide the details below
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