Making any sort of purchase can seem extremely daunting. This is certainly no different for first-time home buyers. To ensure that you make the very most of your time and money, here are some tips to help you during this process.
1: Use A Reliable Real Estate Agent
Before you even get too far in your search, find a top real estate broker in Dubai. A top agent encompasses someone who is reliable, demandable, knowledgeable and honest. Especially if you are not familiar with the market within this city, it is even more vital for you to seek the help of someone who has that expertise.
2: Alternatively, Seek Reputable Developers
If you rather not use the services of an agent, you can go directly to the source. Just note that sometimes you might be able to strike a better deal with an agent than with a developer. But, if you deal directly with the source they sometimes throw in additional services as well as additional amenities to seal the deal.
3: Find The Ideal Location
Location truly matters when you are buying property within the UAE. For example, a location such as Madinat Jumeirah Living is a very appealing location as it is situated directly opposite the iconic Burj Al Arab while connecting you to major places of interest. There are many amazing locations within the UAE; therefore, you’ll have to find the location that is best suited to your needs.
3: Amenities, Amenities, Amenities
This is something that you should never overlook. Amenities make a neighborhood livable and exciting. Madinat Jumeirah Living apartments features concierge services, pools, recreational parks and basement parking just to name a few. Therefore, it is important to note that amenities need not only be a reflection of you but a reflection of the lifestyle that you’d want to live.
4: Ensure That You Can Obtain A High Return
You don’t have to purchase a property to use only for personal reasons. You can alternatively resell at a later date to rent out the property when you are not using it. Therefore, the mixture of location and amenities are twice as important because those are the factors that would attract the potential renter or buyer.
5: Identify The Objective Of Your Purchase
Lastly, this is imperative if you are looking to obtain a high return on your investment. For instance, would you be making a purchase with the intention of short-term rental or long term rental? A lot of residents tend to vacate the UAE during the summer period; therefore, you can rent out your home to make extra dough when you are not in town.