3 Simple Steps to Buy Property in Dubai 2021
Property for sale in Dubai at a popular location is a very lucrative investment. People are very interested in buying not only in their cities but also in other countries. They are also coming to Dubai day by day for business, for jobs. Foreigners have become more interested in owning property in Dubai in recent years. One of the reasons is because Dubai guarantees excellent rental yields.
Furthermore, purchasing real estate in Dubai comes with a slew of advantages that can’t be found anyplace else. If you want to buy a house in Dubai but don’t sure where to begin, here are few simple steps to take in 2021. Read this blog carefully till the end.
1. Select the Appropriate Property
When it comes to buying a home in Dubai, the first step is to find one that meets your budget, tastes, and preferences. A real estate website can assist you in selecting the finest real estate option because these websites typically cover a large range of properties and provide detailed information about them. Exploring is a fantastic alternative.
You should now have a clear understanding of your requirements and your purpose of purchasing property in Dubai. To be more exact. You must pick between ready-to-move developments and off-plan residences in Dubai, a villa or an apartment, a price range that fits your budget, as well as a payment option. Here’s what you’ll need to figure out:
- The property’s status: loan or off-plan
- The property type: is it a villa or an apartment
- The property’s price: does it fit your budget
- The mode of payment: cash or deposit?
After you’ve answered these questions, you’ll be able to identify the best property possibilities for you. Corn. You should personalize your search even further. “Or what?” you might wonder. You must also choose the property’s size, location, developer, and amenities. You now have a home to purchase. So, what’s the next logical step?
2. Make a Contact with a Real Estate Agent
If you are purchasing a property through a real estate website such as biayah.com, you should contact a real estate advisor. Then, on the property page, there is an action button that connects you with your real estate agent.
When you contact your real estate agent, they will provide you the rest of the details regarding the property you’ve chosen, including the fees you’ll be required to pay. The DLD fee, the service fee, and the booking fee are all included in these costs.
In the end, the developer’s office is where you must go. and carry out the following actions:
- A contract with the developer is signed (Sales Purchase Agreement).
- Put down a deposit (usually between 10-20 percent of the property price).
- A DLD commission of 4% must be paid.
3. Payment Transfer
The final step is to make payments using the method you selected. You must send payments to the developer’s bank account if you prefer to pay in cash. Furthermore, if you choose to pay in instalments. You should pay them according to your payment plan’s instructions. Now, you are the owner of your newly buying property.
Binayah Real Estate is a leading property management company in Dubai. ou can also invest your cryptocurrency to buy real estate with bitcoin in Arabian Ranches Dubai. Our site has 24/7 available assistance. We are the top real estate brokers in Dubai’s real estate market.