Connect with us

Real Estate

Buying a property in Dubai? Tips and advice before you proceed

Dubai offers loads of properties for future investment. These include villas, condominiums, apartment buildings and family homes.

Published

on

Nomad Homes

Dubai’s real estate market is a major hotspot for top-end residential properties available for long-term investment or ready-to-move-in. As one of the most regulated and transparent sectors in the region, coupled with recent developments, quality of life, and the huge potential for return on investment, expats are keen to invest in the housing sector which is in turn boosting the homeownership rates in the country. 

Dubai offers loads of properties for future investment. These include villas, condominiums, apartment buildings and family homes. This wide selection means that you are not forced to settle for properties that may not suit your budget or preferences.

Nomad Homes, a real estate start-up, provides an end-to-end buyer experience for properties across Europe and the Middle East. They are an innovative company that is evolving in Dubai by acting as a marketplace for buying and renting properties, as well as developing breakthrough technologies to better enhance and improve the overall customer experience. Tymour Fisher, UAE General Manager for Nomad Homes, lists the various factors to consider for first time home buyers:

Location

One of the most important elements to consider before investing in real estate in Dubai is location. Individuals looking at flats or luxury homes should research the best locations for future real estate investment. There are multiple communities in the city, which have a number of facilities that will allow for a high-end lifestyle.

For single young expats, preferred locations include Marina and Downtown. Families are mostly drawn to the villa communities in places like Mirdif, Emirates Hills, Silicon Oasis, Motor City, Arabian Ranches. 

Developers

It is a challenge to decide on a particular location when there is such a huge array of options to choose from, each with their own appeal. To get the best return on your investment, make sure to research the developer as well and ensure that they have a good reputation before signing a certain contract or committing to buy the property. This way, you will confirm that you have made a sound and profitable decision. 

Duration

Before you buy property in Dubai, consider how long you plan to stay overall. This is important as it will act as a basis for you to evaluate the total amount that you can derive from your potential return. However, if you are not sure how long you want to stay in the UAE, it is advisable to rent a ready-to-move property which can be put back on the market to gain rental yields.

The future of Dubai real estate
Buying property as an expat may sound like a complex procedure, riddled with obstacles that could cripple individuals. Nevertheless, the Dubai Land Department and the relevant legislators have made sure that buying a property in Dubai is smooth and quick.

Whatever the reason may be, for most expats, UAE becomes a second home. In such situations, it makes no sense to rent a property for a long-time period. It would be best to consider buying a property in the UAE, either to move-in to or to rent out as a landlord. The main emotional driver for first-time homebuyers in the UAE, is the confidence that this country is not only one of the safest places in the world, but also one of the best countries to live in.

The market is currently booming, especially with the prevalence of the Expo 2020 and with loads of property constantly emerging in the market. Due to that, it can be hard to find the right options and often, there can be fake listings or duplicates. This is where Nomad Homes takes the reign. Nomad will eliminate those fake listings and duplicates altogether and provide clients with a dedicated advisor, guiding them through a more seamless process. They will ensure quality services and a reliable relationship between client and advisor. By changing the approach of traditional real estate agencies, Nomad Homes has simplified the client’s search for the perfect home and made it an enjoyable and hassle-free experience that makes buying a new home a great new adventure.

Continue Reading
Advertisement
Advertisement

Latest

Sports4 weeks ago

Continental Racing: Emirati Team Clinches Victory in GT4 Class at the Hankook 24H Dubai

In a weekend filled with high-octane excitement, the celebrated Hankook 24H Dubai race returned to the famed Dubai Autodrome, continuing...

Art & Culture4 weeks ago

du achieves the Best Culture & Employee Engagement in the Region with 81% Rating in Glint’s Index

du, from Emirates Integrated Telecommunications Company (EITC), today announced results of the Culture & Employee Engagement Index survey conducted through...

Food & Beverages4 weeks ago

Dinner on the Beach: A Culinary Journey with French Flair at Drift Beach Dubai

This Valentine’s Day, DRIFT introduces a captivating experience – Dinner on the Beach. For the first time at DRIFT, relish...

Travel & Tourism4 weeks ago

Readers are rewarded at emirates airline festivals of literature

Emirates Airline Festival of Literature kicked off the first day of their 2024 edition with a ceremony to honour the...

Events & Happenings1 month ago

Abu Dhabi Festival 2024 Honors Giacomo Puccini’s Legacy With Spectacular Gala Concert

In the presence of H.H. Sheikh Saud bin Saqr Al Qasimi, Supreme Council Member and Ruler of Ras Al Khaimah,...

Healthcare1 month ago

Emirates Health Services concludes its successful participation in Arab Health 2024

Emirates Health Services, the exclusive partner in healthcare services, successfully concluded its participation in Arab Health 2024, which concluded on...

Automotive1 month ago

Ride in Style: Don’t Miss Out on Arabian Automobiles’ Renault Duster Offers

Renault of Arabian Automobiles, the exclusive Renault dealership serving Dubai, Sharjah, and the Northern Emirates, and a flagship company within...

Information & Technology1 month ago

Emirates Post Group Unveils New Brand Identity ‘7X’ for Future

Emirates Post Group Company (EPG) has unveiled its new brand identity – 7X – during an exclusive event at Madinat...

Health & Fitness1 month ago

Emirates Health Services “Basma” Project Addresses Healthcare Requirements in 313 Schools

Dr. Shamsa Majid Lootah, Director of the Public Health Department at Emirates Health Services (EHS), announced the launch of the...

Health & Fitness1 month ago

MoHAP hosts panel discussion on Nursing future at Arab Health 2024

"Nursing… Ambitious Future Insights"

News1 month ago

‘Vilal Housing’ to deliver 50 Residential Villas by 2024 to its Clients in the UAE

The nation-wide company constructs homes exclusively for UAE citizens across 7 emirates

News1 month ago

Statement by Ahmad bin Meshar Al Muhairi, Secretary General of SLC

on the Anniversary of His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum’s accession as the Crown Prince of...

Automotive1 month ago

Audi Middle East and Museum of the Future enter 3rd year of partnership, with the showcase of the revolutionary activesphere concept

Audi Middle East and Museum of the Future have announced the arrival of the revolutionary activesphere concept car, marking a...

News1 month ago

Watani Al Emarat signs MoU with Emirates Society for Parent Care and Relief

To strengthen collaboration in organizing and supporting the senior citizen community

News1 month ago

Global Village announces second Geely Raffle Draw for a chance to win a Flagship Geely Tugella

Raffle participation will run until March 7th, and winner will be announced at Global Village on March 8, 2024 from...

Advertisement

Trending