Dubai is a modern city with a thriving economy and numerous career opportunities in verticals like real estate. Tourism. And finance. If you have ever been to Dubai. You must know that it is safe and stable. With a high standard of living and excellent infrastructure. As a tourist. You will be fascinated by the various high-end shopping and dining options. Along with an abundance of leisure activities and attractions. No wonder people would love to buy property in Dubai and get settled in this cosmopolitan city.
Have you recently decided to shift to Dubai? If yes. You may be searching for a property to either rent or buy and settle down. We understand that newcomers find it difficult to identify a property of their choice. Especially when they don’t have much idea about Dubai’s real estate market. So. We have shared some tips that can be useful for newcomers to get the best property deal out there.
7 Tips to Find the Right Property and Settle in Dubai
Here you go with the important tips to find the best property that matches your unique needs.
-
Finalize your budget
First things first. Whether you have got a new job in Dubai or starting a new business. Think about how much money you can spend on a property. We would suggest you first rent a place so that you get an idea about Dubai’s real estate market. The city has a wide range of options of properties available. But some areas can be more expensive than others. As a good practice. Do not spend more than 35% of your monthly income on rent.
-
Have clear preferences regarding the location
When deciding the location. Consider a property in relation to your workplace and proximity to shopping centers. Schools. Hospitals, public transport. Supermarkets. Parks. And more. As a family. You may want to live near the city center. Where all the amenities are close by. On the other hand. If you prefer living in a peaceful area and the daily commute isn’t a problem for you. Then you can explore the properties in the suburbs as well.
-
Type of property
Enter the real estate market of Dubai, and you will come across various kinds of properties, some of which may be unheard of before. For example, there are studio apartments, condos, townhouses, villas, apartments, and more. Get familiar with these types of properties before closing any deal. Some may be ideal for singles, while others may be suitable for couples and families. Decide based on your personal preferences and budget.
-
Explore Dubai’s well-known real estate apps
Similar to other countries, there are dedicated property-finding mobile applications for Dubai city as well. Before deciding to go with a professional real estate agent, explore these reliable apps, as they will give you a clear idea about the Dubai property market and help you compare the prices of residences in different areas. If you are able to filter out the right property and book a visit, you may get it at the desired price without paying any brokerage.
-
Be aware of the local laws
Whenever you move to a new place, it is a good practice to be aware of the legal considerations related to real estate. Especially if you are planning to buy a property, you should know the Dubai Land Department regulations and requirements for property ownership. Even as a tenant, you must be familiar with the rental agreement process and tenancy laws in Dubai.
-
Get Ejari registered
If you are a tenant, your contract needs to be registered with Ejari. This is what makes the contract a legally acceptable document in the UAE. For Ejari registration, you will need documents like the original tenancy contract, title deed, tenant and landlord’s passport photocopies, and tenant’s Emirates ID photocopy.
-
Keep money handy for DEWA utilities as well
Apart from the yearly or quarterly rent amount, you will have to keep separate money for things like DEWA utilities, internet deposits, security deposits, and agency commissions. The electricity and water connections are facilitated by DEWA – Dubai Electricity and Water Authority, and you must take care of it on priority.
With all these tips, renting or buying a property as a newcomer will no longer be a daunting task for you.
