Tips for Purchasing a Property in Dubai | Inch & Brick

Tips for Purchasing a Property in Dubai | Inch & Brick

Tips for Purchasing a Property in Dubai | Inch & Brick

Tips for Purchasing a Property in Dubai | Inch & Brick

  • Punit Rana
  • (0)
  • (931)
  • December 28, 2023

Tips and Advice, Dubai properties,Property in Dubai,Villa In Dubai

Description

5 Factors to Consider Before Buying a Villa in Dubai

Read on to find out the five most important factors every expat and foreigner needs to consider before investing or buying in a villa in Dubai.

The first question that arises before buying a villa in Dubai is: Why invest in Dubai? Simply because property prices per square meter are lower than in many other cities around the world, making Dubai an affordable location to purchase prime real estate.

As one of the fastest growing cities in the world with a multinational population that is growing by 10.7% annually according to the World Population Review, investing in real estate in Dubai offers exceptional benefits. However, before you decide to do so, whether for personal use or as an investment, there are a few things you should consider to avoid any unfortunate mishaps!

1- Type of property

There are two types of legal property in Dubai: freehold and leasehold.

A leasehold property means that the buyer is entitled to the rights to use the villa and not the land itself for a period of 99 years or less, which can be extended after the period has expired. In contrast to freehold ownership, leasehold offers more options in terms of cost and, above all, area. The only disadvantage of such a property is that the owner's permission must be obtained for any alterations or repairs to the villa. Furthermore, subletting is not permitted.

On the other hand, foreign investors have been allowed to purchase a property on a freehold basis in Dubai since 2002, provided they are at least 21 years old. However, freehold ownership is only possible in specially designated areas in Dubai. Freeholders have full ownership of the villa and the land on which it is built. They are also allowed to buy, sell, lease and rent out the acquired property. Another advantage is that a freehold property is automatically inherited by the family, with or without the existence of a will. Foreigners residing outside the UAE may also buy a freehold property.

Location and neighborhood are among the first factors that attract buyers to a villa for sale in Dubai. Although freehold properties are usually located in upscale neighborhoods, you should take your time before choosing the right Buy property in Dubai according to your needs as a resident or your financial expectations as an investor. Choosing the right location is crucial as it can affect the return you can expect in a few years.

2- Credibility and reputation of the developer

Do you have a villa for sale in Dubai and want to buy it? Then you must first check the reputation of the developer. A reputable developer must be registered with a relevant regulatory body. It is always safer to buy from an experienced developer with a good delivery record, especially when it comes to projects under construction. In addition to thorough online research on the developer, local research is very useful. Local estate agents can also be very helpful in this area, as can clients who have bought units in previous projects. Before buying, be sure to check the developer's references. Remember that a lack of transparency is a good reason not to buy the project

3 - Facilities and amenities

Amenities play an important role in the choice of your property as they help to make residents feel comfortable. Location is one of the most important amenities that a buyer looks out for. Then come other facilities such as proximity to shopping centres and supermarkets, large green spaces, covered parking, high internet speed, etc. Gyms, wellness facilities, swimming pools, recreational areas for children and adults, daycare centres, etc. are among the amenities that are becoming increasingly popular among properties. Make sure that most of these amenities are available and Buy property In Dubai where you want.

4 - Legal documents and fees

Similar to buy property in Dubai anywhere in the world, when buying a villa in Dubai, you can only invest or buy a villa if you provide some legal documents in addition to paying certain fees.

There are 4 legally required steps that you need to follow before you become a condominium owner:

  • Pre-sale agreement: This agreement with the seller is the first step before signing the final purchase contract. It allows you to negotiate and define the terms of sale, payment terms, etc.
  • Memorandum of Understanding: Once you and the seller have agreed on the terms of the contract, you will need to sign the Memorandum of Understanding or Purchase Agreement, also known as Form F, which can be found on the Dubai Land Department website. Once completed, both the buyer and seller must sign it in front of a witness at the office of the registration trustee.
  • Clearance Certificate: Apply for a No Objection Certificate (NOC) for the transfer of the property, which is usually issued by the developer for a fee after verifying that there are no outstanding service charges on the property.
  • Transfer of Ownership: You must submit the following documents to the Dubai Land Department for the transfer of ownership to become effective:
  • A check payable to the seller for the purchase price of the property
  • The original identification documents of the buyer and seller (identity card, passport and visa)
  • The original of the NOC
  • The signed contract

As for the fees, you will have to pay them:

  • 10% deposit for the property to the registration trustee, which will be refunded once the transfer of the property is completed.
  • 4% of the property value to DLD
  • aED 520 for the title deed
  • 4.aED 200 administration fees to DLD
  • Brokerage fee of 2% of the property value
  • NOC fees from AED 500 up to AED 5,000

5- Price increases and capital gains

With the boom in Dubai property real estate industry, property in Dubai has now become much more affordable, while returns on real estate investments are outperforming those of European world cities. Furthermore, prices are expected to fall by 5-8% this year. Consequently, price appreciation is the most important benedubaifit of real estate investment. Many people are buying second homes as an investment as the capital gains are substantial, not to mention the many benefits, such as citizenship for foreign investors, better visa policies, etc.

About Inch & Brick Realty

Inch & Brick Realty, based in the United Arab Emirates, is a leading real estate developer known for designing some of the most prominent projects and properties in Dubai

With over 10 years of experience in the residential real estate sector and a diverse portfolio of upscale projects, Inch & Brick Realty has a comprehensive understanding of the key needs of international buyers.

We strive to offer residents a distinctive and enriching lifestyle through our development projects across the emirate.

Contact us today so we can help you choose the property in Dubai of your dreams!

Loading blog data...

Popular Property


Tags

Property Expo In Indore

Dubai Property Expo

Dubai Property Expo in Indore

Real Estate Market in Indore

Real Estate Event In Indore

Dubai Expo in Indore

Expo in Indore

Expo in Indore 2024

Dubai Expo in Indore 2024

Grand Dubai Expo in Indore 2024

Inch Brick Realty Grand Dubai Expo in Indore 2024

Inch Brick Realty Grand Dubai Expo in Indore 2024

Inch & Brick Realty Grand Dubai Expo in Indore 2024

Property Expo In Indore

Biggest Dubai Real Estate Expo in Indore

Inch & Brick Realty Presents the Biggest Dubai Real Estate Expo in Indore – Don’t Miss Out!

REAL ESTATE EVENT

REAL ESTATE EVENT in Indore

Dubai Property Expo

Dubai Property Expo in Indore

Real estate investments in Dubai

Real estate investments

Dubai Real Estate Expo

Dubai Real Estate Expo in Indore

Binghatti Grove at jvc

Binghatti Grove

Binghatti Grove at Jumireh Village Circle

Binghatti Grove at Jumireh Village Circle, Dubai

Binghatti Grove at JVC, Dubai

Vida Club Point by Emaar

Vida Residences by Emaar

Vida Residences Club Point By Emaar

Vida Residences Club Point

Vida Residences Club Point at Dubai Hills Estate

Vida Residences Club Point at Dubai Hills Estate – Emaar

Real Estate Agent In Dubai

Best Real Estate Agent In Dubai

5 Tips to Choose the Best Real Estate Agent In Dubai

Mina Rashid Yachts & Marina

Porto View by Emaar Properties

Porto View

Porto View at Mina Rashid Yachts & Marina

Porto View at Mina Rashid Yachts & Marina - Emaar

Global Investors

Legal Protection

High Rental Returns

Dubai Real Estate

Dubai Real Estate is a Safe

Why Dubai’s Real Estate is a Safe

Why Dubai’s Real Estate is a Safe Bet for Global Investors

Dubailand Dubai

Samana Ibiza

Samana Ibiza at Dubailand Dubai

Samana Ibiza at Dubailand Dubai - Samana Developers

Violet Phase 4

Violet Phase 4 at Damac Hills 2

Violet Phase 4 at Damac Hills 2, Dubai

DAMAC Hills 2

DAMAC Violet 4

DAMAC Violet 4 at DAMAC Hills 2

DAMAC Violet 4 at DAMAC Hills 2, Dubai

Townhouse in Dubai

Expo City Dubai

Emaar South

Greenridge

Greenridge by Emaar

Greenridge at Emaar South

Greenridge at Emaar South, Dubai

Greenridge at Emaar South, Dubai - Emaar Properties

Emaar Pier Point

Pier Point

Pier Point at Marina - Emaar

Pier Point at Mina Rashid Yachts

Pier Point at Mina Rashid Yachts & Marina

Pier Point at Mina Rashid Yachts & Marina - Emaar

JVC

jumireh village Circle

Binghatti Dawn

Binghatti Dawn at JVC

Binghatti Dawn at JVC, Dubai

Al Jaddaf Dubai

top class amenities

Binghatti Ivory at Al Jaddaf Dubai

Binghatti Ivory

Binghatti Ivory Apartments

Binghatti Ivory Apartments at Al Jaddaf Dubai

Ras Al Khaimah

Al Marjan Island

Playa Del Sol at Al Marjan Island

Playa Del Sol at Al Marjan Island, RAK – Ellington Properties

Playa Del Sol

Property Valuation

Dubai Land Department

Golden visa

10 Year Golden Visa

Unlock a 10-Year Golden Visa by Buying Property in Dubai

residential Property in Dubai

India Boost Economic

Narendra Modi

UAE boost economy

India Boost Economic

second-tallest building

skyscraper in Dubai

World's Second-Tallest Tower in Dubai

Tallest Tower in Dubai

Burj Azizi Height

Dubai Burj Azizi

Burj Azizi

Oasis by Danube

Dubai Silicon Oasis

Danube Oasiz

Danube Oasiz at Dubai Silicon Oasis, Dubai

Danube Oasiz at Dubai Silicon Oasis

Binghatti developers

Ghost by Binghatti

Binghatti Ghost

Binghatti Ghost at Al Jaddaf

Ghost by Binghatti At Al Jaddaf, Dubai

Binghatti Ghost at Al Jaddaf, Dubai

Sun City

Damac Sun City

Sun City by Damac Properties

Damac Sun City at Dubailand

Damac Sun City at Dubailand by Damac Properties

Lavita at The Oasis

Waterfront Villa

Lavita by Emaar Properties

Lavita at The Oasis, Dubai

Lavita at The Oasis, Dubai - Emaar Properties

Invest in Dubai real estate

Business Bay, Dubai

BAYZ 102 by Danube Properties

BAYZ 102 at Business Bay by Danube Properties

BAYZ 102 at Business Bay

BAYZ 102 at Business Bay, Dubai - Danube Properties

Sobha Solis location

Sobha Solis at Motor City

Sobha Solis

Sobha Solis at Motor City, Dubai – Sobha Realty

Binghatti Royale by Binghatti developer

Binghatti Royale at Jumeirah Village Circle (JVC), Dubai

top-notch amenities

Binghatti Royale

Residential Apartment

binghatti developer

Jumeirah Village Circle (JVC)

Binghatti Royale

Binghatti Royale at JVC

waterfront Apartment

Delphine Beach Residences by Sobha Realty on Sobha Siniya Island

Delphine Beach Residences at Siniya Island

Sobha Group

Umm Al Quwain

Siniya Island

Delphine Beach Residences

Legado by Prescott at JVC

Prescott Real Estate Development

Legado at JVC

Legado by Prescott in Dubai

Legado at JVC by Prescott in Dubai

top ten economies in the world

Indian economy ranking

Us GDP

fastest growing economy in the world

Indian economy

abu dhabi rent hikes

new abu dhabi rental index

abu dhabi rent increase

New Rental Index in abu dhabi

Abu Dhabi Rent increase

skyscraper in Business Bay

Burj Binghatti Jacob

Residential tower in Dubai

largest residential tower in Dubai

Real estate Transacton

UAE property Market

Al furjan

Affordable home in Dubai

Lived in the UAE

Abu Dhabi

Dubai courts of first instance

ecowatt tokens

Dubai court

Dubai Salary in Crypto

real estate transactions

Dubai Land Department

top developer in Dubai

Apartments For Sale in Samana

Samana Developer

Dubai Island

Dubai Island by Samana Developer

Samana Ocean Pearl 2

Dubai Real Estate Trend

Dubai real esatate market

Indian Investor

Non residents Indians

Property investment in Dubai

6 bhk apartment in Dubai

5 bhk apartment in Dubai

4 bhk apartment in Dubai

6 bedroom apartment in Dubai

5 bedroom apartment in Dubai

4 bedroom apartment in Dubai

Sobha Elwood by Sobha Real Estate

Sobha Real Estate LLC

Sobha Elwood

Sobha Elwood At Dubailand

Sobha Elwood Dubai

ras al khaimah

Marjan Islands

project in UAE's

M&M Architecture

Nshama Development

Town Square Dubai

Haya On The Park

Haya at Town Square Park

Altus

Dubai Creek Harbour

Club Place Emaar

Club Drive Apartments

Emaar Club Drive

Dubai Hills Estate

Real Estate event in Hyderabad

Expo in Hyderabad 2024

Top villa in Dubai

Tourist places in Dubai

Things to do in Dubai

New launch Projects in Dubai

New launch Property in Dubai

Ready To Move In

3BR Safi Townhouse For Sale

Damac Properties

Elegance Tower

Emaar The Cove

Dubai Creek Harbour

Emaar The Cove 2

Park Field Apartments

Madinat Jumeirah Living

Lamtara Apartments

Sobha Hartland

Crest Grande Tower

3-bedroom villas

Cascades Villas

4 bedroom premium apartments

Meraas Holding

Meraas Bluewaters Residences

Property Investment

Azizi Star Residential Apartments

Dubai Marina

Azizi Star

Villa Property for sale

Dubai Science Park

Opalz Apartments

duplex property for sale

townhouse property for sale

apartment property for sale

Eleganz by Danube

Viewz Residence

Jumeirah Village Triangle

Fashionz Apartments

Gemini Property Developers

Gemini Splendor Townhouses

Gemini Splendor Apartments

Gemini Splendor Apartments & Townhouses

Danube Properties

Al Warsan

Danube Petalz

Danube Properties

Al Furjan

Danube GEMZ

wealther in Dubai

Rainfall in Dubai

Bharat Mart

Bharat Mart in Dubai

Location in Dubai

Tourism place in dubai

Best Tourism Place in Dubai

BAPS hindu temple

Tourism Place in Dubai

Hindu temple

The Atria

Danubeproperties

Businessbay

Bayz101

Republic Day

Aljada Sharjah

2 bedroom apartments.

ARADA Developments

Apartments at Aljada Sharjah

Tiraz Apartments

real estate

Apartments and villas

Real Estate Transactions

Toursim place in Dubai

Visit place in Dubai

Best tourist place

The Dubai Mall

Burj Khalifa

Places to Visit in Dubai

Real Estate In Dubai

Dubai Real Estate Trends

Dubai Real Estate Market

Dubai Real Estate Investments

Dubai Real Estate

Dubai

Dubai's property market

off-plan properties in Dubai

Inchbrick

Top developer

Developers in Dubai

Property Developers in Dubai

Hyderabad Expo 2024

End-users

Developers

Real estate expo

investors

expo

Toursim place in Dubai

Transportation service

tourist

taxi service

Dubai taxi company

Dubai taxi

Dubai

Best tourists place

Tourist place

Modi

Lakshadweep

Best location in Dubai

Localities in Dubai

Dubai

buy apartment in Dubai

Real estate

Best tourism place in dubai

Dubai real estate

rent property in dubai

Rents in Dubai

Real estate

Dubai rent

Dubai

binghatti properties

Mercedes benz

Downtown Dubai

Dubai properties

Villa In Dubai

Property in Dubai

Dubai rental apartments

Burj khalifa

Real Estate agents

Apartment in Dubai

real estate investing

Investment in dubai

Property for investment

Jumeirah lake towers

Damac hills dubai

Dubai rental properties

Rent apartment in dubai

retirement visa in dubai

sell property in dubai

Rent property in dubai

Rera

property in dubai

real estate market

investment properties

Buy Property in dubai

invest in dubai

real estate developer in dubai

new launch project

bellevue tower

Bella rose

Dania apartment

prime view

dubai

Burj khalifa

top floor of the Burj Khalifa

safest place in dubai

cleanest city

dubai

Safest city in dubai

jumeirah beach

townhouse

downtown dubai

luxury homes

jumeirah bay

2br apartment

central park

city walk

central park at city walk

jumeirah beach

central park apartments

jumeirah bay

3br apartment

marina promenade

port de la mer

townhouses

sur la mer townhouses

3br townhouse

jumeirah bay

antonio citterio

downtown dubai

sheikh zayed road

jumeirah bay

bvlgari marina lofts

bvlgari marina

dubai skyline

jumeirah beach road

luxurious living

jumeirah bay

residences

bvlgari resort

arabian gulf

meraas holding

pearl jumeira

foreign investors

investment

elevate

apartment for sale in dubai

1 bedroom apartments

dubai flats

luxurious life

wilton park residence

1 bedroom apartments

apartments for rent

3 bedroom apartment

highbury

apartment

dubai property

luxurious lifestyle

mohammed bin rashid city

dubai real estate

apartments

arjan

leisure places

luxury apartments

belgravia

arjan

joya blanca residences

eaton

elegant homes

ellington properties

jumeirah village circle

eaton place

Zero-tax

Zero tax investment

waves grande

transportation system in Uae

Tower in Dubai

Top property in Dubai

The crest apartments

Tax-free Investment

Sobha Reserve in Dubai

Sobha Reserve

Sobha Realty

Sobha grande

Residency in Dubai free

real estate property in dubai

Real Estate Investment in Dubai

Real estate broker

Property in Dubai at cheapest Price

Property in Dubai

offplan property in dubai

off plan property in Dubai

Nakheel Properties

MEERAS

Investors in Dubai

Investores in Dubai

Invest in Dubai

inchbrick

Habtoor Tower in Dubai

Golden Visa

Get Dubai Golden Visa

Free golden visa in Dubai

Expo Golf villas

Emaar Properties

DUBAI REAL ESTATE

Dubai Property Market

Dreams Home in Dubai

Dream Home In Dubai

Deyaar Properties

Deyaar New Launch Mar Casa

Deyaar New Launch

Damac Properties

Creek palace aparments

BEST REAL ESTATE COMPANIES IN DUBAI

best real estate agent in Dubai

best property in dubai

Best property developer in Dubai

best areas to invest in dubai

Best Area to Buy Property in Dubai 2023

best apartments in dubai

Azizi Developments

Area to Buy Property in Dubai

Apartments in Dubai

apartments for sale in dubai

2 bedroom set property in dubai