Tips for a First Time Buyer of Residential Properties in Dubai
If you are attempting to buy residential property for the first time especially in a foreign land you can be quite intimidated. This is perfectly normal as the same laws that govern your land might not govern the land that you are thinking of investing in. In addition to this you might not have the required contacts to make sure that you are not getting taken for a ride. This is why companies like ours exist. Our aim is to make you purchase experience so smooth, that it will not feel like a first time at all! Here are some of the things that you should know as a first time investor in Dubai:
You Need a Solicitor
If you are seriously looking to buy Dubai residential property, the first thing that we recommend that you should do is appoint a solicitor. This is extremely important as a solicitor will look into all the legal aspects of the sale making sure that everything is as it should be. It is also necessary for your peace of mind.
How are Contracts Exchanged?
The good thing about wanting to buy residential properties in a city like Dubai is the fact that everything about the sale deeds and contracts is simple and straightforward. Once you have decided on the property that you want to buy our team will be more than willing to look over the details of the contract and advise you accordingly.
How Much Money Should You Have?
If you are a first time buyer or even otherwise you will definitely have a budget in mind for your investment. We suggest working backwards as there are other fees involved as well when you buy Dubai residential property. These could include anything from fees for the solicitor, surveyor, agents etc., to fees that you might have to pay the municipality. We can calculate and approximate amount that will have to be paid as fees and then look for a property in the remaining amount so that you will not get any shocks later on.
Where Can We Help?
We can help you with just about any aspect that is associated with a sale when you buy residential properties. Our team can help you source the property, draw up contracts, arrange a mortgage, advise you on fees and other payment, help you find a solicitor etc.