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Essential Tips For Finding The Best Apartment In Dubai
Dubai has quickly grown to be one of the most rewarding industrial capitals of the world, and with it, the real estate market here has also seen a lot of growth. However, with the increase in demand, this market is quickly getting saturated, and homebuyers are getting confused about what the right option for them is.
In such a situation, keeping in mind certain basic tips can help you make the most of your purchase. Further mentioned in this article are a few things that you should not miss out on while choosing your property in Dubai.
- Consider Your Extra Expenses:
Most homebuyers plan their purchase around only the cost of the property. However, there are a number of other costs involved in this transaction, which can significantly increase your overall expenses. For instance, the registration or transfer fees applicable by the Dubai Land Department, the trustee fee, valuation fee, and real estate agency fee are all included.
It is very necessary that you plan for all of these costs beforehand so that you do not exceed the budget you have set for the purchase. In addition to all of this, you also have to keep in mind the utility bills and service charges incurred in Dubai.
Many communities also have other additional chiller charges. This is quite a considerable increase in your budget since the air conditioners are supposed to run throughout the day because of the hot climate there.
- Seek Professional Help:
Lastly, you should not skip seeking professional help from an agent. Make sure that the agent you hire is authorised by the RERA, short for Real Estate Regulatory Agency. They can assist you in making the right decision and also evaluating the documents and other charges involved. They are most keen to work in your interest and guide you throughout the whole procedure.
However, be careful while choosing such an agency for help, as there are many agents who are unauthorised and choose to broker as another income outlet. Try to refrain from hiring them as they might make you quite a few promises verbally but will not be able to come through with those.
For instance, you buy to get a flexible payment plan for an off-plan apartment, only to find out after completion that you will not get the parking space, or there are hidden fees. This will only make the transaction more complicated, and eventually, you will end up with a bad deal. To avoid such issues, it is advised that you make an official agreement about the conditions under which you are buying the property.
- Don’t Skip Home Inspection:
Ignoring a good home inspection before investing in a property is one of the worst mistakes you can make as a homebuyer. Before purchasing a unit in Dubai marina apartments for sale, hire a professional real estate inspector. They will help you check for faulty plumbing, weak walls, electricity, bad fixtures, and so on.
Knowing about all such qualities of your property can make the investment much more expensive later. Not only that, it makes moving in a cumbersome and frustrating process, with some obvious delays. Even if you are already expecting to make some changes or renovating the property you buy, a rigorous inspection will help you get a good estimation of how much it might cost.
Based on these costs, you can then negotiate with the developer. Although most buyers skip out on hiring a professional inspector to save costs, it might be an expensive mistake. You might end up paying more for repairs, which you could have negotiated about with the developer.
With these pointers, you will surely be able to find the best possible Dubai marina apartments for sale. This will make the shortlisting process easier and narrow down your choices. That said, the procedure for it can be quite challenging, given the sheer amount of options.
If you do not know how to go about the process of selection, you can always seek help from professional companies like Ever Home. They are experienced enough to guide you through the entire process and also help you find options according to your choices in the industry.
Kenneth is a proud native of sydney, born and raised there. However, he pursued his education abroad and studied in Australia. Kenneth has worked as a journalist for almost a decade, making valuable contributions to prominent publications such as Yahoo News and The Verge. Currently, he serves as a journalist for The Hear Up, where he focuses on covering climate and science news. You can reach Kenneth at [email protected].
