buying a property is no small decision. It requires a lot of thought processes considering every detail that may affect the purchase and resale. Therefore, it is always suggested to take the help of a credible and experienced realtor, such as Vardhman Realty to initiate and finalize the process. Based on our experience, below are some of the important factors to consider while buying a property in Dubai.
Age
By age, we mean the age of the property. You must ask your realtor when the property was built. The problems with old buildings could be rusted pipelines, blocked sewage, rodent infestation, damaged structures, etc. It is better to avoid buying buildings that are too old. Moreover, if you are buying a newly built property, consider the quality of materials used in the construction. Most developers tend to use fancy-looking materials without considering their longevity and quality.
Location
One of the most important things to consider while buying a property is location. The properties located on the mainland are pricier due to their proximity to main landmarks. However, that’s not always the case. Some properties nestled in exclusive communities are equally or even more pricey due to their special status. However, if you are buying a property for your family or commercial use, consider your access to areas related to your use such as markets, hospitals, schools, airports, and others.
Accommodation
Before picking up the property, you must analyze your reason for buying the property. If you are buying the property for your family, you should pay attention to number of rooms, proximity to other areas, environment, structure of the house, and so on. Also, if you are buying the property for your commercial business, consider how much space the property allows you to cater to your business needs.
Resale Value
Consider, ‘Will your property give you profits if sold after a year or even 5 years? The answer lies here. If you think that it will be hard to resale the property after years, then it is not the best pick. Always go for properties that have better resale value. Speak to your realtor about the resale prospects before finalizing the deal.
Community
The other important thing to consider while investing in a property is the community. You will find many communities in Dubai based on ethnicity, economical status, and so on. For instance, Indians may prefer to stay within their community, Foreigners may wish to reside in communities that allow them more flexibility and acceptance. Some people may wish to buy a house in a community that comes with exclusive perks and benefits. A supportive community ensures that your stay remains secure and unbothered. So, while visiting a property for a view, look around the community to assess the environment and their behaviour.
You can reach out to us at Vardhman Realty for further guidance.
