3 Warnings When Buying Property in Dubai

Buying any overseas property
requires careful research and consideration.  Whether you’re buying in Denmark or Dubai, the house buying
process is different in each country and there are different factors to
consider.

So, if you’re buying property in
Dubai, what are the main factors should you consider?  With the help of Dubai property experts, we answer this
question. 

Location

Charles Neil, Chief Executive
Officer at Landmark Properties told Emirates 24/7 what his most important
factors were when buying in Dubai: “Location, who the Master developer is, who
the building contractor was, monthly electricity costs, service charges,
quality of build, energy efficiency…”

As with any other property, it’s
vitally important to consider the area in which you’re buying when acquiring
property in Dubai.  Tare Gouda, a
Dubai property expert, said: “Buyers often look for the best their money can
buy but the top factors have been location, property size, amenities and
community advantages. Our experience indicates that buyers should also consider
the quality of the property and the neighbourhood.”

The developer

As well as buying in a good
location, it’s also important to research the developer when buying property in
Dubai.

Nick Marr, director of overseas property specialist HomesGoFast.com said: “When buying in the emirate, consider
the master developer’s history as well as their track record of
maintenance. 

“You need to make sure that they
have a reputation for a good build quality and that they maintain their
properties in good order.”

Service charges

A third important factor to
consider when buying property in Dubai is the service charge associated with
the home you’re buying.

Ask yourself whether the service
charges are transparent and find out how many people have paid their service
charges.

Mr Marr added: “Don’t buy until
you’ve established exactly what the service charges are and what they
cover.  You don’t want to own a
property in an apartment block that is at risk of having services cut off
thanks to non-payment of bills by the developer.”