Case Study Of The Dubai Real Estate

Buying make sense

The Dubai real estate is relatively a mature marketplace and gives an opportunity to build wealth and establish the financial security. The current economic condition offers perhaps the best chance for homebuyers and investors to appreciate the long term cyclical nature of the real estate market.

Deciding whether to buy a home and lease one is among the toughest financial decisions one would have to make. And as per every expert, the time is upright to invest in Dubai real estate. But is it factual for everyone or anyone? Well, with some mathematical calculation it becomes easier for you to take the call. It is imperative to consider the costs associated when deciding to buy or to lease residential property. But undergoing

Another key point is that the Dubai’s real estate market is more investor-friendly, strict rules and regulation formed by the regulative authority protect the investments and encourages genuine transactions, than inflationary trends. Also, for those who want to acquire home finance, loans are definitely economical at present, than they were at the peak of the market in 2007- 2008, with interest rates being more striking and more contending products being offered by the lenders. With an off-plan property, buyers can take advantage of cheaper prices offered by developers, who also offers structural payment plans so buyers can pay in segments as the construction goes

Apart from the down payment deposit, the biggest cost is the property registration fee payable to the Dubai Land Department (DLD) which is 4 per cent of the value of the property. The other fees paid to the DLD, include title deed fee, trustee fee, and a knowledge fee, which total up to under Dh5,000. Another big cost which must be considered is the real estate broker’s commission fee, which is 2 per cent of the purchase