UAE laws allow foreigners on an equal footing with citizens of the emirates to acquire real estate in Dubai. Usually people turn to specialized agencies for this.
Is it really necessary to have a realtor? Do you need a real estate agency in Dubai to make an investment?
In this article, we will look at several situations in which contacting a realtor will be necessary when buying a property in Dubai.
Situation 1 – Ignorance of Dubai real estate exploration
Property market in the UAE is rapidly evolving and constantly changing. New projects appear every year and old ones are built and cease to exist. In addition, real estate prices in Dubai can change daily.
If you don’t have enough experience in the Dubai real estate market, you can lose a lot of time and money trying to figure it out on your own. A realtor can help you determine the prospects of the market, understand the prices and choose the best option to buy a property.
Situation 2 – Document collection and obeying the laws
Buying a property requires you to have a lot of documents and permits that need to be processed according to local regulations. The service of a realtor is irreplaceable as many documents should be translated.
Proper paperwork is a very important aspect of buying a property in Dubai. If you are not sure how to do the paperwork correctly or if you have questions of a legal nature, you need the help of a realtor who is experienced and knowledgeable in this area.
Situation 3 – Determining the best area to buy property
Dubai is a city with many neighborhoods, each with its own character and advantages. For example, if you want a property in the city center, the best neighborhood for you is Downtown Dubai. But if you are looking for housing in nearby neighborhoods for a family, the best choices are the Jumeirah and Dubai Marina areas.
Determining the best area to buy a property can be difficult and time consuming. A realtor who knows the city and has experience with real estate in Dubai can help you determine the best neighborhood to buy a property depending on your needs and budget.
Realtors play an important role in helping investors save time when buying a home in Dubai. Here’s how they can help:
Situation 4 – Arranging viewings
Realtors can arrange property viewings so the investor can see the real property, evaluate its condition and make a decision.
The real estate agent organizes the viewing of housing in Dubai as follows:
1 – First, the agent communicates with the investor to understand the requirements and budget for the purchase of housing.
2 – Then the agent selects several properties that meet the investor’s requirements and budget.
The agent arranges a time and date to view the selected properties.
3 – The agent arranges a time and date to view the selected properties.
4 – On the day of the viewing, the agent meets the investor and walks them through each property, providing information about each property and answering all questions.
5 – After the viewing, the agent discusses with the investor his/her impressions and helps him/her make a decision to purchase a home.
6 – If the investor decides to buy a home, the agent helps him to execute the necessary documents and close the deal.
All in all, the real estate agent does everything possible to facilitate the process of buying a home in Dubai for the investor.
Situation 5 – Discovering hidden flaws
A real estate agent can help discover hidden downsides in a home by performing the in-depth examination of the property and paying attention to the following aspects:
1 – The condition of the roof, walls, and floors.
2 – The operability of electrical and plumbing systems.
3 – The presence of moisture and mould.
4 – Condition of windows and doors.
5 – Presence of fungus and insects.
6 – Condition of sewerage and water supply.
7 – The quality of the materials used in construction.
8 – Compliance of the property with applicable building codes and regulations.
The agent may also recommend the investor to have the property further inspected by specialists, such as engineers, architects or construction experts, to make sure there are no hidden defects.
Ax Capital in Dubai is a reliable source of information and assistance when investing in real estate. The agents are able to carry responsibilities in a wide range of situations and deliver professional service.