The UAE has been a leading global trade and business hub. In the past decade, it has also emerged as a rising real estate market. It provides the best real estate investment opportunities for both experienced investors and individual property buyers, with many new investment-friendly policies and regulations launched by the UAE government on real estate transactions.
This is the ideal time to leave you real estate footprint in Dubai by purchasing a property. However, it can be tricky to make such an international real estate purchase in an industry rife with scammers. Footprint Real Estate is here as your trusted, reputable guide to ensure your process of purchasing UAE property is safe and beneficial to your long-term plans.
Decide your budget so that you can know the price range you’re looking into. One of the best ways to get started is to get a mortgage pre-approval. However, if you’re buying in cash, make sure the money is available at your disposal at the time of transfer.
Once finalized, the next step is property transfer. For this, you will have to meet the broker, seller, and conveyancer at the transfer office. The purchase will be in cash, and you will also need to bring a cheque of 4% of the property’s value for the DLD transfer and administration fees. As soon as the sale is registered and the transfer is complete, you will get the new title deed and keys to the property.
Finally, you can celebrate. Arrange a housewarming party because it’s now time to move in and make beautiful memories in your new home.