Dubai's property market is booming with new high-rise apartments and luxury villas. As an expatriate looking to buy property in Dubai, it's important to do your due diligence before making this major investment. Follow this top 10 checklist to ensure you cover all the key factors of house for sale in Dubai.
Checklist to Buy House in Dubai:
1. Location - Research neighborhoods and select one based on proximity to your work, amenities, schools, etc. Popular areas include Downtown Dubai, Dubai Marina, Jumeirah Beach Residence.
2. Developer reputation - Check reviews and track record of the developer. Established names like Emaar and Nakheel provide quality construction and timely delivery.
3. Payment plan - Understand the payment schedule and plan your finances accordingly. Many developers offer post-handover payment plans.
4. Visiting the site - Tour the location, development and actual unit you’re interested in to get a feel for the neighborhood and building quality.
5. Amenities - Determine what amenities are being provided like covered parking, gym, pool, security, maintenance services.
6. School access - If you have children, ensure there are reputed schools nearby or easy transportation access.
7. View from apartment - Select a higher floor for better views if available. Lower floors may have obstructed views.
8. Legal paperwork - Review and understand the sales and purchase agreement before signing. Clarify terms and fees involved.
9. Mortgages - Research mortgage options if required. As an expatriate, getting a mortgage may be challenging. Have finances ready.
10. Post-handover timeline - Get clarity on when you will get possession of the apartment after completion to plan your move.
Buying Dubai luxury apartment is an exciting endeavor but needs careful evaluation. Use this checklist as your guide to make the best property purchase decision in Dubai!
