Tag Archives: Real estate agencies

Success tips for overseas real estate investors in Dubai

15 May

success imageReal estate sector has always been an important investment sector in Dubai. Having considered the profits and overall system transparency attracted investors across the world. Furthermore, the ease and potential of earning profits in shortest duration of time make Dubai property investments a lucrative option for overseas investors. After observing the interest of foreign investors, State Government also implemented freehold property law to enable foreign investors to purchase real estate assets with complete ownership rights. Despite profits of investing in overseas real estate markets, it could be difficult task for those who don’t have prior exposure of investing in real estate sector.

Foreign investors who are willing to invest in Dubai real estate sector can benefit them with following simple tips.

Identify your needs

Identifying the available budget before taking final decision of buying asset in overseas market is mandatory to avoid failure and credit lose in future. Whether being conventional buyer or professional investors, you need to estimate the total amount you can spend on air travel and accommodation. In case you are planning to visit the country or city. Besides this, you should also calculate the amount you can spend for agent fee. Obtaining mortgage is also important for everyone purchasing assets. Buyers must know the maximum amount of money they can lend.

Research

Take some time to research the market. Compare market value of asset with location and growth capability of area. It is nice to spend some time to research in finding the best professional organizations to deal with during purchasing investment property. This will allow you to buy best property apartment/villa at best price with future possibilities to earn profits.

Keep an eye on stock to know the market

Sign up to email alerts and feeds that match the type of property you want. This way you will get updates about available property deals in the market.

Go with reputable companies

Consider working with reputable real estate agencies with long working history in Dubai. Only the reliable firms can help you in finding the most suitable property to purchase. Avoid working with cowboy real estate agencies offering huge discounts on services and shortest processing time of paper work and agreements.


Avoid scams

Make sure you are dealing with legal property owner or an official broker/real estate agent authorised to sell the property. It is necessary to enquire about government registration of project developer. Check the Escrow account numbers and agreements with main project contractor to avoid scams.

Inspect the property

Inspect the property with real estate broker you are working with. Brokers are professionals and they can give you better advice about the investment property you are going to buy. It is advised to visit property before making any down payments.

 

Last but not the least, international investors must read contract before signing it. If you have some confusion about any point consults with lawyer.

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