Important Questions to Ask When Buying Villas in Dubai

1. Blog2: Ownaspace.com Important Questions to Ask When Buying Villas in Dubai Buying a property in Dubai is one of the best decisions to consider because they property market of Dubai is very beneficial. The property market of Dubai not only offers better returns, but also guarantees safety. According to some reports, the Dubai property market is quite promising and witness extensive house buying trends due to affordability and high-growth rate for investors. So, if you have finally decided to buy a property (a luxurious villa), then you need to ask certain questions, such as – Location – Yes, before signing a contract or paying any amount, it is important to know the location of the villa. Make sure you know about the neighborhood as well as surrounding communities. Also ask about the parking space, public transport as well as nearby construction projects. All these things will eventually influence your decision. Budget - It makes sense to know your budget limitations as well as determine the average price of the villa. If you think you can afford a luxurious villa, then just go for it; however, if you can’t, look for a different property or try to negotiate the same with the help of your real estate agent. Make sure you have enough money to spend. Know contractor’s history – Before the down payment, it is advisable to know everything about contractor’s history. You can ask them about their portfolio quality commitment, record, building strength as well as architectural excellence. You should move forward only if you are satisfied with the construction quality.

2. Blog2: Ownaspace.com “Dubai registered 41,988 overall real estate sales transactions in 2019.” - Arabian business ROI – If you are buying a villa for your living then it is OK, but if you buying it for investment then you should identify the potential ROI. If you think that the property value will increase overtime, then you should invest immediately. Service charges – Most people never think about service changes that are inevitable. As a property buyer, you should figure out what the seller’s mortgage prepayment requirements are and how much more you need to spend monthly. The bottom line The rate of decline in property prices in Dubai slowed considerably in the second half of 2019 as buyers began to take advantage of the value to be found in the market, according to new research. So, these are a few questions that need to ask before buying a villa in Dubai.