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Buyers Guide
A range of options: There are now over 20 new residential communities in Dubai, which are completed, partly completed, or announced and on sale, in which anyone can buy a home. These are located throughout the city area within a radius of approximately 20 kilometres of the central business district, where the Sheikh Zayed Highway runs alongside the emerging Burj Dubai district and Dubai International Financial City. A dynamic environment: The Dubai property development sector has risen energetically to its challenge and, as a Dubai home-seeker, you will discover an impressive range of options: You can live in a luxurious villa at ground level or a futuristic apartment building, which soars hundreds of metres into the blue Dubai sky. Choose between city living, waterfront locations, desert settings, championship golf courses, an equestrian centre or even a clutch of man-made islands. Whether your tastes favour an Arabic, Spanish or New York architectural and decorative theme, you are likely to find many intriguing alternatives. Property portfolios: Indeed, if you were unable to select between the many styles of home on offer, but are lucky enough to have sufficient funds not to have to choose, there is nothing to prevent you from owning 2 or more Dubai properties! The cost of Dubai property - There are homes to suit every budget and everyone’s needs should be satisfied, from a young bachelor, seeking a functional, studio apartment to a millionaire seeking a grand and exclusive mansion on its own hilltop. New homes: The Dubai property market currently comprises a majority of new homes, so the local developers will be able to provide you with pricing information at the launch of each new project, 2-3 years in advance of its completion date. Pre-owned homes: Naturally, as time progresses, the secondary residential property market is taking shape in Dubai. Already, there is a large and active real estate sector to handle private sales. As well as finished homes, it is possible to transfer an uncompleted property between owners, and there is a flourishing market for those who wish to take earlier occupancy. Is a Dubai home a good investment? - Taking a long view: Only you can decide this, however, any reputable financial advisor will tell you that your home should be considered as a medium to long-term investment. Also, the enjoyment and experiences gained over many years of home ownership should make buying a home far more than a basic financial decision. To date, the level of demand for Dubai residential property has resulted in very respectable uplifts in the value of properties already on the market. Emerging market factors: Dubai is generally recognized as offering superior value on a dollars-per-square-foot basis, compared with most modern and desirable urban and semi-urban locations around the world. In this respect, buyers may still benefit from Dubai being a "new" home owning location, however, this particular secret is being shared around the world very fast! Are there facilities and amenities? Current status: Residents of Dubai have become accustomed to having a good range of recreational facilities on their own doorstep, provided at no additional charge under the terms of their rental agreements. So, the challenge for the home ownership sector is to set the quality standards ever higher! Standard amenities: Your property research will almost invariably reveal a long list of “extras”, in terms of exercise and leisure opportunities. You can normally expect free access to swimming pools, gymnasia, tennis and squash courts. In addition to this, certain residential communities are custom-built to share their space with superb golfing and equestrian facilities. If you decide to live by the water, there will also be mooring facilities for boating enthusiasts. Shopping & dining: It is customary for residential communities to be provided with a full complement of retail and dining outlets, ranging from high fashion to convenience stores and chic restaurants to fast food takeaways. Deluxe extras: The larger developments will often also have five star hotels nearby, offering further recreational, eating and shopping options. Indeed, should you decide to set up home within the Burj Dubai community, you will be within easy access of the biggest shopping area in the world, the Dubai Mall. Also, for a special treat, you can book a table in one of the sky-high restaurants of the Burj Dubai tower, the tallest building in the world. Suggestion: To learn much more about what Dubai has to offer residents and visitors, visit the About Dubai section of this website. Dubai is truly a city, which knows no limits when it comes to having fun! Furnishing a Dubai home - New furnishings: You can buy new ready-made or self-assembly articles, or select your own materials and designs and hire expert craftsmen realize your dreams. You can select between contemporary or traditional styles, sourced from the far and near North, South, East or West. Most of the famous, international furniture and electrical appliance brands are readily available and retailers are always happy to arrange delivery and installation at your convenience. Used bargains: If you are operating to a tight budget, you can often pick up exceptional second hand items from private sales or adverts posted by individuals in every supermarket. How does the purchase process work? - There is fundamentally no difference in buying a home in Dubai, compared with most other long-established property markets. Cash or mortgage?: Whether the vendor is an individual or a development company, the buyer may choose whether to pay cash or obtain mortgage finance, to spread his payments over time; non-Emiratis are allowed to finance their home in Dubai over any period, up to 15 years. To satisfy this need, several specialist mortgage companies and local banks now offer loan packages. Previewing new homes: If you live in Dubai, or are able to visit, you can take the opportunity to take in some of the developers’ dedicated presentation centres, where you can take as much time as you wish to view scale models of the new communities, review the property brochures and ask questions from hospitable and helpful members of staff over a soft drink. Internet research: Should you be an overseas investor, the leading developers all maintain user-friendly, English language website, to present their credentials and to keep you posted of any new releases of homes. All of them provide telephone, fax and email contact details, for you to make specific requests or register your interest as a potential buyer. What other costs should I consider? - Service charge: Owning a new property in Dubai will generally require the owner to contribute an annual service charge, which will vary, according to the level of amenities provided by the developer. Within a specific community, the scale of these charges will normally relate directly to the overall floor area of your home. Optional extras: You may also choose to customise your home to suit your specific needs and enhance its value further. For example, many people have installed a private swimming pool in the garden of their villa, or made modest modifications. Permissions to conduct such modifications are generally not difficult to obtain, providing safety factors are addressed and your changes do not detrimentally affect your neighbors, their properties, or the visual amenity of the neighborhood. What if I don’t plan to live full-time in Dubai? - Absentee owners: Should you intend to spend most of your time outside Dubai, you need not worry about the maintenance or security of your home, as there is an extensive support infrastructure already in place. There is also a substantial residential rental market, which caters for the majority of the Dubai population. Pool services: For those owning a villa with a garden, there are many facilities management companies, providing reliable services with good value for money, which can keep your surroundings in prime condition. Many families also install their own swimming pool, which can also be regularly maintained under a straightforward service agreement. Hay tambien un mercado de alquiler residencial sustancial, que provee comida para la mayoria de la poblacion de Dubai. Servicios de fondo: Para aquellos poseyendo un chalet con un jardin, hay muchas companias de direccion de instalaciones, proveyendo servicios confiables del valor bueno para el dinero, que puede guardar sus alrededores en la condicion principal. Muchas familias tambien instalan su propia piscina, que tambien puede ser con regularidad mantenida conforme a un acuerdo de servicio franco. Perhaps the best advice is to find a real estate broker that has your interests at heart and who you can come to trust. The better ones are invaluable with regard to helping you through all of the formalities including introducing you to a good lawyer in the vicinity of your intended purchase. Perhaps most important of all is to do your research before you travel and familiarise yourself with the procedure. Disclaimer: We will not be liable to any customer or member of the public for any information supplied on this website. Our website is provided on an "as is" basis and we do not make any representations or warranties if such information subsequently proves to be inaccurate or out of date. We cannot be held liable for any consequential loss resulting from the information we provide. Any decision made in relation to purchasing goods and/or services as a result of information obtained from our site is your sole responsibility. The only warranty that we can give regarding the accuracy of the information is to state that all reasonable endeavours are made to remove inaccurate information from the site as soon as we are able.
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