 | What you need to know before you buy |  | | | | 
Prospective investors must carefully research the property
they’re interested in, and learn everything about the local market, its trends,
and investment returns on properties similar in price and quality to gauge the
profit potential of the property in question. At Blue
Water Real Estate, we use our expertise on the market to
guide you in the right direction for your investment. As investors in the
UAE market ourselves, we think like you do.
Different types of investment properties are suited to
investors with different goals for their investments and the amount of time and
energy they wish to devote to the properties. The length of time the investors
wants to hold the property is an essential variable to consider, as both
options yield great potential for profit with varied amounts of time and effort
devoted to maintaining the properties in question. Investors also must choose
between commercial or residential investment and carefully research the
sub-categories within these two general investment options.
Although learning all about the real estate market to invest
with knowledge is the most important aspect to achieve success in the real
estate investment market, acting quickly is also essential. Buying before
the competition is essential to getting the best deals and selling quickly is
just as important. Joining with a respected, experienced brokerage allows a
novice investor to purchase expertise that can help make the most profitable
investments as quickly as possible while the market is still hot.
Investing in Dubai real estate
is the best when it comes to location, tax efficiencies, leisure, quality of
life, leadership, and the vision of Dubai’s
future. If you wish, it’s a future you could be a part of.
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Other important things to know: |
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- Transfer
fees are what you have to pay when transferring ownership from one owner
to another. These range from one to seven per cent, so it is always wise
to enquire upfront about the transfer fee to avoid an unpleasant surprise
later on.
- Buyers
normally also pay a two per cent commission to agents. This is not like most
places where the seller pays the estate agent. In Dubai this is the traditional pattern
for rental payments and has been extended to home sales.
- Expect
to put down a 5 to 15 percent deposit on residential property under
construction, and pay careful attention to the payments schedule. Some are
more generous than others, but it is usually possible to obtain mortgage
finance that will also cover payments prior to occupation.
- On
secondary market sales a non-refundable deposit from Dhs20,000 to Dhs1
million is normally paid, on the condition that the owner agrees not to
sell the property to somebody else, usually for a period of one month. A
memorandum of understanding is also usually signed to secure the property.
- Residency
visas are not always available from the developer. If the home owner needs
one be sure to check with the developer if one is provided. If a
developer grants a visa to a homeowner, such visas do not allow
individuals to work in Dubai.
Separate arrangements to obtain work permits are available however.
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