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Tips for Property Buyers in Dubai | Sweet Home Dubai

Buying a home, villa or an apartment in Dubai can be a daunting task. Dubai properties market has bottomed out so it offers incredible investment options right now. Unlike seasoned property buyers, first time buyers lack the experience and skills necessary to close a profitable property deal successfully. To overcome any such situation, it is important to be prepared in advance. Be it homes, …

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Tips for Property Buyers in Dubai | Sweet Home Dubai

Posted by rachit on 29/10/2021
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Buying a home, villa or an apartment in Dubai can be a daunting task. Dubai properties market has bottomed out so it offers incredible investment options right now. Unlike seasoned property buyers, first time buyers lack the experience and skills necessary to close a profitable property deal successfully. To overcome any such situation, it is important to be prepared in advance.

Be it homes, villas or apartments in Dubai, a buyer will have to negotiate on certain points including asking price, mortgage loan and interest rates. For the first time property buyers, there are a number of factors to consider before you finalize a deal. The more information you have, the better are your chances of closing a deal successfully.

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Estimate What You Have:

Everyone wants to have a dream home of their own but it is almost always an impossible search if you set out looking for a property which could be the exact replica of what you have in your mind. Do not send out any query unless you do not know what your budget is. Starting your search without knowing what you can afford is a bad move that ends at nothing. You must let your real estate agent know what your price range is so that he finds the suitable property for you. If you want to buy Dubai property on mortgage, then you must arrange a meeting with the lender to know how much money the financial institution (or the bank) can give you for this purpose. It will help you in searching property within your budget and save you the trouble of wasting time on properties that you know you cannot afford.

Don't Get Impress By Wide Range of Mortgage Loans:

Certainly, there is a wide range of loans available to cater to different types of borrowers but when it comes to availing a mortgage loan, it is important that you look beyond the loan amount and take into account the rate of interest and the cumulative amount that you have to return in future. Different banks and financial institutions offer mortgage loans at different interest rates but it is best to be careful while availing any of these options. Read the paperwork carefully as mortgage loan document can be the most important document you ever sign. It does not matter if the loan amount is low or high or if you are taking loan to invest in homes, villas or apartments in Dubai, what’s important is to gauge every present and future possibility in advance. If you think you are not up for the job, then you can always hire the services of a real estate lawyer to review the paperwork for you.
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Visit Your Property As Soon As Possible:

After securing loan or gathering your finance and settling down other issues, when you think you have finally found a good property that is also within your budget, it’s time to close the deal. But before you offer any down payment, an essential step is to visit the home along with real estate broker or any other seasoned buyer. You must inspect the property to find out problems (if any) such as faulty electric wiring, foundation problem, rusty pipes, lose window panes, sewerage issues and much more. Working with professional property inspector can help you pinpoint the faults and deal with them in time. Based on this information, you can negotiate the price or ask the owner to fix the issues before handing over down payment.

Israel Zeevi is the director of Sweet Home Real Estate Investments GmbH and has a lots of options for the Top Rental Apartments in Dubai, Best Properties in Dubai For Investment, Top Apartments Dubai, Vacation Properties in Dubai & more. Sweet Home Dubai is based in Israel and has a rich experience in the real estate market, property sale & purchase and dealing in short rental properties in Dubai. For more information, please contact us today!

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