For several years, Dubai has held a leading position in the global real estate market. In the city, as well as in the whole emirate, a lot of residential complexes with their own infrastructure are being built. One of the promising premium residential complexes in Dubai is Biltmore Residences Sufouh, which is scheduled for commissioning in the first quarter of 2025. Property for sale in Biltmore Residences Sufouh is on sale now.
However, buying property in Dubai is often fraught with fears and doubts, especially when the buyer is a foreigner who is unfamiliar with the peculiarities of local laws and does not speak Arabic.
Let’s take a look at what to do when it comes to buying property in Dubai, UAE.
- Determine your budget.
- Decide on the location.
- Find out operational costs of real estate in Dubai.
- Find a reliable developer’s agent/realtor.
- Understand the buying process.
Determine Your Budget For The Purchase Of Property In Dubai
The process of looking for real estate in Dubai is worth starting with the most important thing: determining the budget for the purchase. Some buyers can afford to buy with their own funds, while others should consider debt financing. The good news is that foreigners can also get an installment plan from a developer or a mortgage to buy property in Dubai. But in any case, buyer will have to make a deposit or an initial payment from own funds (usually from 10% of the property value). The scheme of further payments is formed and agreed at the stage of the deal. At the same time, it is worth remembering that part of the costs cannot be covered by debt and must be paid in cash.
Decide On The Location Of Real Estate In Dubai
They say that these are three key parameters that affect the price of real estate. It is location, location, and location… However, before you start searching for and directly viewing properties, it is worth deciding on priorities. Is there a need to open my own business? Moving to Dubai with kids? Planning to buy a car? The choice of area and a particular residential complex depends on the answers to these questions. Thus, Biltmore Residences Sufouh is located 500m from the school and has direct access to Dubai’s main transport artery, the Sheikh Zayed Road. This property is ideal for families with children, beach lovers and expats. Any part of the city can be reached thanks to the developed public transport system.
Find Out Operational Costs Of Real Estate In Dubai
The cost of real estate is not all that needs to be included in the budget. Also remember to pay operational costs such as service charges and maintenance fees. The amount of these costs will depend on the type of property, area and amenities. When searching properties for sale off plan in Dubai, the approximate expenses should be clarified with the developer or realtor.
Find A Reliable Developer’s Agent/Realtor
A realtor or an agent who knows the Dubai real estate market should be your main assistant, advisor and consultant when it comes to buying a property. Find a professional agent that you trust and feel comfortable talking to, and let them represent your interests. Tell him or her in detail what exactly you are looking for and what your budget is.
Understand The Buying Process
The procedure of buying property in Dubai takes an average of four to six weeks, but keep in mind that not all areas of the city give access to foreigners to buy a property in full ownership (freehold). Fortunately, almost all the most popular areas belong to the zone available for the purchase of real estate property by foreigners.
During the search and purchase of real estate in Dubai there are a lot of things to do. The first steps are to decide on a budget and location. And to better understand the price range, take a look at the developer’s website the-biltmore-residences-sufouh.ae and study the offers of property for sale. It allows us to determine the key parameters and plan further steps.