With Dubai being home to the second largest Arab economy showing an expected growth rate of 5.4 percent and 4.2 percent in 2022 and 2023, respectively, there’s no better place if you want to find a job or move to a new city. One major thing that accompanies such a move is the need to find a new residence. If you’re looking for exclusive Dubai apartments for sale, here are five key pointers before making the jump.
Consider The Builders
The first thing you must look out for is the builders of the apartment building. Ensure that the project is under the name of an esteemed company. This will allow you to determine your apartment’s quality and overall safety. Moreover, ownership is crucial if you’re looking for a seamless transaction. Going with unreliable builders can rob you of many resources and money, especially during the final stages of the sale and legal transfer.
Look At The Amenities Offered
The next thing to focus on is the facilities offered by your apartment building. If you’re looking at Dubai apartments for sale in a complex, chances are you’ll have access to communal amenities such as a gym, pool, or playground. With the average rent in Dubai running between 30,000 AED to 50,000 AED for a condo, it is advisable to splurge a little on your residential pace.
Moreover, finding a luxury apartment is the way to go if you’re someone who likes more privacy. With an in-house jacuzzi, exclusive spa facilities, and even operational helipads, these apartments can help you increase your standard of living.
Consider The Apartment Management
Before finalizing the deal, you must check the apartment complex’s management team. High-functioning management will ensure your safety and comfort, allowing you to make the most of your money and resources. On the other hand, if the administration isn’t competent, it can truly hamper your living experience.
Further, with the property prices per square foot being much lower than any high-tier city worldwide, Dubai apartments for sale are prime spots for investors. They can yield a gross rental profit of around 5% to 9%, making them ideal for real estate investment. Thus, pay attention to the builders and management teams for larger profit margins in such cases.
Conduct A Cost-Benefit Analysis Of Maintenance Charged
Any apartment building is bound to charge a maintenance fee to keep its operation. There’s a lot to account for, from handling utility bills to ensuring that all facilities are cleaned and accessible. However, in some cases, you might see that the prices demanded are very high, almost extortionary. If your apartment lacks sound management and state-of-the-art amenities, there’s no point in investing thousands of dirhams.
Thus, before you make the final choice, be sure to see if you’re content with all the resources and the price charged. Moreover, since these maintenance fees increase by 10% yearly, you must also consider affordability in the long run.
Look At The Legality Of Things
Once you’ve decided on a place, you must discuss payment. The best sites in Dubai offer a wide range of offers allowing you to secure your investment and maximize rewards. Ensure that the bond is valid in court to prevent further complications. All transactions must abide by the regulations prescribed to help you protect your interests.
Dubai is a city of growth. Finding the best apartment is necessary if you want to start a new life in this city. With adequate research, you can land leading residences in Dubai, thus allowing you to make the most of your resources.
We hope you found this blog post on Things To Look For Before Buying An Apartment In Dubai useful. Be sure to check out our post on What To Do After Moving To Dubai for more great tips!
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