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Dubai
By CAROL JONES 257 views
FINANCE

Buying an Apartment in Dubai – Is the Game Worth the Candle?

Nowadays, interest in Dubai is growing rapidly. Residents of Italy, Belgium, Russia, Germany, Great Britain as well as other European countries are increasingly buying property in this picturesque city.

This is due to high demand and limited supply in certain sought-after locations. Competent realtor Dubai will definitely help you purchase top apartments on favorable terms, and will also tell you about all the nuances of life in this ultra-modern city.

Why Is It Worth Investing in Dubai Real Estate?

It’s no secret that the United Arab Emirates implies a country of great opportunities. This statement is especially true in relation to the largest and most technologically developed city of Dubai. It is ideal for seasonal living. So, real estate in Dubai is one of the most sought after areas among investors since:

  • there’s a possibility of obtaining positive investment income;
  • people from all over the world invest large sums here;
  • it is included in the ratings of the safest countries in the world;
  • the most large-scale projects are created here;
  • there’s favorable legal framework for purchasing Dubai real estate;
  • grandiose and ambitious plans are being implemented here;
  • there’s a comfortable taxation system.

If we compare Dubai with other modern cities, it is worth emphasizing that it is the most expensive city of all locations, but at the same time the most promising one. It should also be noted that it is much easier here to complete all the documents, find a job and start a new business. Interestingly, Dubai was originally a city of expats.

So, everyone here is from outside. As a result, communication takes place on equal terms and a very comfortable business environment is created. At the same time, this is a striking difference from Europe, where immigrants often feel like strangers.

It is no secret that the market of off-plan apartments in Dubai has shown a stable average annual growth rate of around 10% over the past 4 years, with some natural corrections characteristic of any market.

Accordingly, the risks of significant price fluctuations are reduced, and subsequently the likelihood of financial losses is reduced. Moreover, the region continues to grow in population, tourist flow and the attractiveness of the country as a whole.

Which Property in Dubai is Best to Invest in?

As a rule, a lot of investing depends on the area of the city in which the property is located. The best long-term investments are certainly tourist areas. The thing is that even if something in the world changes again, people will still go on vacation to Dubai. By the way, according to the statistics, the tourist flow is now growing by about 30% per year.

Accordingly, real estate in tourist locations oar in the city center can be considered truly investment. It is this kind of real estate that is more in demand, which means it will bring more income from rental or resale.

Promising areas with high potential for growth in real estate values attract special attention. This all increases the liquidity of the object. What matters here is that the investor must take into account the following aspects:

  • the location;
  • the reputation of the developer;
  • the features of the project;
  • the cost of maintenance;
  • the infrastructure and the like.

In fact, a plethora of little things make up an investor’s profit. For instance, the presence of air conditioners and their connection as well as a subscription fee for gas plays a great role in buying an apartment in Dubai. Undoubtedly, it is almost impossible to know about all the nuances if you do not live in this magnificent city. So, this is exactly why you need competent realtors Dubai.

Why Do You Need a Professional Realtor?

Let’s start with the fact that buying property abroad is a serious step that requires a responsible and balanced approach. The thing is that lack of experience or time, ignorance of the laws of the country or bureaucratic force majeure can turn a pleasant procedure into a real nightmare.

Finding your dream apartment on your own is almost impossible. Searching for properties on the Internet must be done through large portals with a good reputation and a well-established real estate search mechanism. Most often, people resort to consultation with friends and acquaintances, without thinking that their story may be completely inapplicable to our situation.

However, according to banking statistics, the vast majority of those who apply for a loan to buy an apartment resort to the services of professionals. Meanwhile, if a person has enough free time and is not afraid to face all the difficulties along this difficult path, he/she can sell or buy an apartment on his/her own.

Nevertheless, if he/she values his/her time, is not ready to risk the health of his/her nervous system, and does not quite have the necessary information for negotiations, then, most likely, he/she will turn to a specialist for professional help. Professional realtors Dubai control every step of the entire buying/selling process, guaranteeing its complete safety.

Key Takeaways

So, as you see, Dubai attracts investors from all over the world because property values are rising and demand is not decreasing.

However, if you want quick investments, it’s not too late to invest. In any case, buying real estate in Dubai is worth the candle, since the main advantage of real estate in the UAE is the stable growth of the market.

Thus, an experienced realtor will make the process of purchasing or selling an apartment as comfortable, legally safe, fast and as enjoyable as possible.

Carol Jones
Author
CAROL JONES

Carol Jones is one of the fastest-growing lawyer in the United States. His professional focus is on criminal law, and he often assists clients in resolving their most difficult legal issues. Admiralty law, business litigation, intellectual property issues, class actions, and individual injuries are the mainstays of his work.