8 recommendations for those who plan to buy real estate in the UAE

19 / 08 / 2020

In this article, we have prepared 8 recommendations for people who are planning to buy real estate in the UAE. These can be ready-made objects, or objects under construction.

1 - Before buying a property, it is imperative to understand the purpose.

Why is it important? It is not very optimal to purchase real estate for investment interests and at the same time use the object for personal purposes.

Many factors depend on the location, layout, infrastructure, the availability of objects in work at the moment, etc.

Therefore, clearly define the goal, and only then do the selection of real estate.

2 - You need to answer the question: "What budget are you counting on?"

We recommend you to take this issue with a high degree of seriousness. Competent investment calculation is the key to success.

3 - No need to build illusions, only numbers.

There are situations when people buy real estate at the time of construction and then comes a time when they do not have enough money to pay installments. Do not create illusions so as not to get into such an unpleasant situation.

4 - Don't miss the best moment to buy.

Plan when you will conduct your property purchase transactions. When is the best time to buy? There are many opinions on this issue, some preffer to buy the market rises and postpone the purchase for months or years, others believe that the best buying day is today.

We are witnessing a slowdown in the growth of the real estate market, favorable conditions for payments appear and prices are falling.

5 - You cannot draw conclusions based on advertising.

A large abundance of advertising from a developer does not guarantee the quality of the property and the integrity of the organization. There have been examples of developers running big and expensive advertisements who collected money and disappeared.

6 - Seek professional advice.

Believe us, the help of a professional will pay off in the future at least several times. The main thing is to choose real specialists with a good reputation and license.

7 - Study the contract carefully.

Do not disregard clauses in small print in contracts. If you sign an agreement, and only then you see some discrepancies, nothing can be done about it.

8 - Require a receipt for all monetary transactions.

The amount is not important when conducting transactions with a developer or broker. Always get a receipt for your payment.