Dubai is constantly being built and expanded. New areas and communities are continually appearing on its territory, attracting tourists and ex-pats with their unique architecture and high level of comfort. However, many potential buyers considering Dubai property for sale or just putting into operation real estate need help to make a choice. In the absence of developed infrastructure in the area of the object, reviews from residents, or information about the developer, you can not purchase the best option.
- How to avoid making a mistake when purchasing real estate in an area without infrastructure?
- Is such an acquisition reasonable?
- Is there a difference between buying ready-made housing and off-plan real estate?
- What aspects should be paid attention to when considering an option in an underdeveloped area?
How to avoid making a mistake when purchasing real estate in an area without infrastructure?
This is a rather subtle question. Everyone’s goals, preferences, and budgets are very different. It is impossible to say that you will never make a mistake when buying housing in such projects. To avoid making a mistake with the choice, you need to work with a professional consultant from a real estate agency. Representatives of developers’ sales departments are biased because they work for a specific developer and depend on him. A broker from a third-party agency advises that is his job. A conflict of interest is excluded here: he needs to sell only what the client wants to purchase. It is important to pay attention to the concept of location development. It is always much more interesting to purchase an object in a complex development than in a separate building. Another tip, of course, would be to interact with reliable developers.
Is such an acquisition reasonable?
Yes, and the reasons are stability, redeployment of funds, potential growth in the value of the real estate in Dubai, and obtaining resident status in the Emirates. The latter greatly simplifies life, for example, when applying for visas from other countries. Another argument is access to local medicine. Dubai has officially opened diplomatic relations with Israel, adding to the already high level of healthcare in the UAE. Education is an important aspect. Some of the most significant universities in the world have opened their branches in the Emirates; for example, in Abu Dhabi, there is a branch of the Sorbonne, and in Dubai:
- the Halta International Business School;
- the University of Manchester.
Is there a difference between buying ready-made housing and off-plan real estate?
If there is a crazy demand concerning some project, this does not mean it is the best. There is a development strategy. For example, a developer knows that he will build twelve buildings, puts these objects on the market at once, and the buyer has a choice. Other developers launch buildings one at a time: you never know the price of the next project or the view from the window.
Each developer has its policy, and the object for which demand has formed doesn’t need to be the best. In Dubai, long-term construction is fine: the object’s status is not the main argument when deciding.
What aspects should be paid attention to when considering an option in an underdeveloped area?
One of the main factors in the real estate market is location. There are examples when communities are located very far away, and even favorable prices do not help these objects in the matter of sale or rent. But there are examples when a developed infrastructure appears inside such zones.
It is necessary to consider the objective factors influencing the region’s development. If it is far from the center, it is worth considering what it will be close to, whether something is interesting there, for example, lagoons or some special view. Two aspects should alert: also the location and the developer.
Property in Dubai
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