Perhaps now is the right time to buy a villa or apartment in the Emirates.
However, many potential investors are put off by stories of individual cases of fraud in the local real estate market. You can find excellent and safe options at https://dubai.etagi.com/en-us/zastr/builders/.
To make your purchase successful, experts advise following several recommendations:
Do not purchase housing during construction
The UAE is one of those countries where buying off-plan real estate is especially risky. An exception can be made only for the most reputable developers.
Inspect the property in person
You should not save on air travel and buy real estate in absentia. With direct communication, there is much less chance of falling for scammers.
Choose your realtor carefully
Buyers in any country need to remember how important it is to choose the right real estate agent. In Dubai, the first thing you need to check is whether the company has a government license. A list of accredited brokers can be found on the website of the Real Estate Regulatory Agency (RERA).
Find out the exact area of the property
When purchasing a villa, check whether the advertisement indicates the size of the entire plot or only the part occupied by the building. This matters because the amount of utility bills depends on the area.
In advertisements for the sale of apartments, they sometimes add to the living space not only the area of balconies and terraces, but also the area of the common corridor. As a result, the declared size of the apartments turns out to be twice the actual size.
Find as much information as possible about projects and companies that interest you
For example, online news portals such as emirates247, 7days and thenational can be used as reliable sources.
Find out in advance what the costs of maintaining the facility are.
There is no property tax in Dubai, but there is an annual housing fee, which is 5% of the rental price of the property. This cost is determined by RERA.