Looking for a new home in Dubai? Here are some useful tips to help you in your search.
19 February 2017| Last updated on 21 July 2017
Dubai’s wide variety of villa communities are attracting foreigners to invest in the Emirate. From stunning golf villas and impeccable seaside properties to close-knit gated communites, there are plenty of options to choose from and that can sometimes get overwhelming.
If you're on the hunt for a new home and you're wondering where to start, here are some crucial things to consider to make sure you're making the right decision.
1. Objective of Purchase
Before searching for a villa, it must be clear whether the villa you're looking to rent or buy. You should also decide if you want the villa to be brand new or if the location is the most important.
The objective will influence the orientation of the search. There are advantages and disadvantages in purchasing a new or old villa that you should understand before deciding on a property.
Location is critical when purchasing property. Research the community amenities and confirm the area is easily accessible to major roads. Villas have a higher resale value when close to important service centers: shopping outlets, grocery stores, hospitals, highways, quality schools and parks.
Purchasing a villa in an underdeveloped community with no nearby services will make reselling the property difficult. Contact the community property developer to enquire about any amenities or venues being built near the community that might increase the property value.
Old villas are more affordable because of their location in the older areas of Dubai. As the buyer, it is important to understand that the maintenance cost in older villas will be higher if the previous property owner did not manage the unit properly.
A professional home inspector is necessary to decide if renovating an older property is more costly than purchasing a brand new villa. A property inspector should note any ceiling cracks, roof damage, creaky doors, electrical issues, window damage and a thorough inspection of the villa’s outdoor condition.
SEE ALSO: Dubai property area guide
4. The Real Estate Broker
Dealing with a certified broker will save time and energy. Brokers can advise you and answer questions throughout the entire process. An agent should understand market dynamics and be familiar with several similar projects to explain which villa is the best option.
Ask agents why they are recommending one property over another. The more questions you ask, the more insight you’ll get on how experienced and knowledgeable the agent is regarding the property.
About the Author
Raniyah is an enthusiast blogger who writes about diversified topics, including fashion, lifestyle, travel, food and real estate.