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Top-5 Don'ts when buying property in Dubai

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Published
05/31/2023

Tips in don'ts format about buying real estate in Dubai using the example of apartments in Biltmore Residences Sufouh. What to pay attention to and what mistakes to avoid. 

Real estate in Dubai is not only high-quality property for personal living and moving to the UAE, but also an excellent investment opportunity. However, if taken the question of buying real estate carelessly, mistakes can be very expensive. 

To date, the city and the emirate as a whole continue to be actively built up. One of the most promising areas is Al Sufouh. Now the real estate in Biltmore Residences Sufouh can be purchased on the most attractive terms.

Nevertheless, with today's abundance, choosing an area, a developer or a specific property can present a certain difficulty for a potential buyer. All of this comes with traps and pitfalls that can be avoided.

Let's take a look at what not to do when buying property in Dubai.

  1. Do not settle for a deal that goes out of budget.
  2. Do not close a deal based solely on your intuition.
  3. Do not delay with the preparation of a package of documents for the transaction.
  4. Do not have unrealistic illusions about the profitability of property in Dubai.
  5. Do not worry if you don't speak Arabic or English.

Don't settle for a deal to buy real estate in Dubai that goes out of budget

There is a great temptation to see an attractive property for sale in Dubai, fall in love with it and agree to make a deal even if the price of the object exceeds the established limits. Remember that the operational costs mentioned above must be added to the price of the apartment. Such expenses can reduce your current standard of living, especially when real estate in Dubai is purchased with a mortgage.

Don't close a deal to buy property in Dubai based solely on your intuition

Do your research. Study the history of the developer, the documentation for the property, read reviews of built and commissioned complexes. See the apartment with your own eyes or visit the building site if you decide to take part in off-plan projects in Dubai. If it is not possible to personally come to Dubai, then realtors conduct virtual tours. Trust your guts, but don't make it a key factor in your decision.

Don’t delay with the preparation of documents for buying real estate in Dubai

The volume of housing sales in Dubai, UAE occupies a leading position in the global real estate market. The objects of both secondary and primary markets find new owners relatively quickly, so do not procrastinate with the collection of documents for closing a deal. The more quickly and competently the documents are drawn up, the faster it will be possible to reach the finish line and become the owner of housing by the sea.

Don’t have unrealistic illusions about the profitability of property in Dubai

According to real estate market experts and analysts, gross returns on investment now range from 5.2-5.9%. If transfer these figures into monetary terms, then renting an apartment out can bring the owner monthly from $2,000 ($22-25.6 per square meter). However, it should be clarified that profitability varies from a lot of factors that are not stable. So, have no illusions to avoid disappointment.

Don't worry if you don't speak Arabic or English

Multilingual realtors and lawyers in United Arab Emirates will help to find the right property, answer all your questions, fears, doubts and concerns. Specialists minimize risks that can lead to costly mistakes. Potential buyers do not have to waste energy, time and money looking for certified translators. The real estate industry in Dubai is developed so good that the buyer is unlikely to encounter any difficulties, which no one has ever encountered and safely resolved before. All you have to do is contact the developer.

Buying a property in Dubai is the dream of many foreigners, so when you decide to take this step, check out the details on the website of the developer the-biltmore-residences-sufouh.ae and follow the tips mentioned above to make the transaction go as smoothly as possible.

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