If you have billions in bank accounts, you can irrationally buy houses, thinking, what do you invest in real estate, but such actions - it's throwing money away.
And yet, money situation - hypothetical, since we are not princes, graphs, kings and not oligarchs. We think about every penny we have wisely, therefore, any investment should include analytics steps, calculation and strategic planning.
We read websites, go to special courses and hire realtors. Everything for that, so that our investment pays off. But how to be, if we decide to invest in our own home abroad, for example, in the UAE?
Buying a property is always a big event in the life of any person., especially if the house is purchased in a foreign country.
For a long time, housing in the UAE was bought only by very brave and risky, but today is the place, especially Dubai, makes it possible to buy property easily and naturally for almost everyone. Moreover, the process of buying / selling real estate in Dubai https://dubai.etagi.com/realty_out/doma/ even easier than in Europe or the USA, especially if you do it with a company "floors", one of the leaders in the real estate market.
На самом деле, thanks to a number of factors, buying property in Dubai today is one of the smartest decisions and profitable investments. But before buying, a number of issues need to be considered.
1. Location
Location is always an important factor when buying property in Dubai. It's more important here, than many other cities in the world.
There are parts of this city, which are considered unattractive to residents from abroad, but other areas, conversely, are very popular among foreigners. This is Dubai Marina, Palm Jumeirah, Downtown Dubai. One of the areas, in which interest is growing rapidly, - This is Dubai Sports City.
2. Developer and contractor reputation
In most cases, when people buy property in dubai, they buy unfinished property, which is under development at the time of purchase.
Concerning, an absolute must is to check the respectability of the developer, checking his track record. If there are signs that, that there might be problems with the project, better not to mess with him.
Contractor check, who is building, also important. The quality of construction work can vary greatly., what is critical.
3. Potential
Potential return on investment is important, when it comes to dubai. Seems, that the real estate market here will only expand and grow in the coming years.
The demand for real estate is also growing every day and the same goes for the demand for rentals.. More and more expats are moving to Dubai, so that the city expands as a regional and global hub.
The vast majority of experts agree, that the Dubai real estate market is not in danger of any negative events and trends.
4. Monthly expenses
Monthly utility and maintenance costs can vary greatly in Dubai depending on a number of factors.. So that, checking expectations for electricity costs, service, water and other things, may be relevant.
There are areas, where account data can be more, than a small problem.