Dubai has a thriving real estate market that is popular with investors and renters alike. This fast-growing city is also known as one of the world’s most desirable places to live because of its low-cost real estate, access to premium amenities and financial stability. Selecting a perfect destination for living and conducting business, most foreigners pay attention to Downtown Dubai. Investment apartments in Downtown Dubai appear a highly profitable option featuring style, luxury, reserve and profitability.
To enjoy comfortable conditions for life and a pleasant business environment via real estate purchase in Downtown Dubai, here 4 important issues to know.
Monitor the market and do not stick to the first option
Real estate market in Dubai is booming. Downtown Dubai is a developed area with an abundance of real estate of various configurations, footages, and designs. You may choose the desired option suitable for your budget.
Still, purchase of property abroad is a responsible decision that requires deep investigation. Planning to invest in real estate in Downtown Dubai, contemplate on the following questions:
- Do I choose real estate for living or renting out?
- How much money can I spend on purchase?
- Do I have extra money for unforeseen circumstances?
- What footage is suitable for me?
- Do I need special amenities available in the residential complex? What are they?
Try to make the image of the desired unit as precise as possible. In case of buying rental property, address the real estate agent. They will be able to provide a list of the most profitable units in Downtown Dubai.
Do not avoid assistance of a real estate agent
Each transaction in Dubai should be performed with the assistance of a real estate agent. The benefits of working with real estate agent in Downtown Dubai are the next:
- time saving;
- knowledge of developers and their projects;
- relevant offers;
- objecting evaluation of the object;
- support on each stage of a deal;
- negotiating with the developers;
- knowledge of laws and requirements.
In a few words, a trusted real estate agent is a person who saves your time doing everything for you. The team of experienced assistants from Dubai-Property.Investments will help to collect documents, draw up a contract of sale, will supervise the registration and settlement with the developer.
High standard of life in Downtown Dubai requires good money
Although most people associate Dubai with the destination for billionaires, it is not really true. The high level of life requires good money, but can be absolutely affordable for people with average income.
When assessing the cost of living in the UAE, it should be taken into account that the average salary in Dubai is also quite high. Combined with a favorable tax policy, the average income allows you to live if not on a grand scale, at least not too restricting yourself.
Regardless of the fact that Downtown Dubai is one of the most expensive neighborhoods in Dubai, the government strives to make living conditions equally comfortable for locals and foreigners.
Be ready to obey local norms
It is a common situation that what is considered simply “inappropriate” behavior in European society is punishable by imprisonment in the UAE. The UAE laws are quite different from those in Europe and America, and in most cases certain rules are conditioned by religion. And while ordinary tourists can be forgiven for breaking any rules of conduct, expats who live and work in Dubai are subject to strict behavioral requirements.
If you relocate to Downtown Dubai or come for real estate purchase, be ready to obey the norms and respect local laws and traditions.
The outcomes
It is not recommended to come to a new country unprepared, without knowledge of basics. The same with doubts in the necessity of real estate purchase. In terms of Dubai, a robust economy, constant growth of demand, and increasing prices on properties should make foreign buyers more confident in their goals.
Purchase of real estate in Downtown Dubai is a positive experience if you have a stable income and assistance from a professional agent. Do not hesitate to invest in the country of future and technology with incredible opportunities for personal growth and gaining sound income.
