Real estate investment in Dubai: the keys to success
If you are planning toinvest in real estate in Dubai in 2022, then this article is for you. Dubai Immo, the leading real estate agency in Dubai, presents you the essential points to make a profitable real estate investment in Dubai.
How to choose your real estate agency
It is very important to be accompanied by a professional to buy your apartment or villa in Dubai. The real estate agent must hold a broker card, a professional card issued by the Dubai Land Department and RERA, the regulatory authorities of the Dubai real estate market. The company for which the agent works must also have its own real estate license, also issued by these governmental bodies. Our agency(Elysee Vendome Real Estate LLC / Dubai Immo) is of course a holder of these licenses. The real estate agency that will accompany you will be paid by the real estate developer and will not charge you a single cent for its services. A word of advice: beware of pseudo real estate agencies present on social networks such as Snapchat, which are only there to earn a commission and which are not as well known as our real estate agency, which is recognized as one of the leading real estate agencies in Dubai (see articles on Forbes).
Choose a location sought after by tenants and with potential
The location, for many it is the only rule in real estate. Your property should be located in a district where the rental demand is strong and where the potential for appreciation is also present. Beware, the neighborhoods that represent the best investments are not necessarily the best known. Neighborhoods such as Jumeirah Village Circle (JVC) or Al Furjan, which are not well known by tourists, deserve your full attention. Neighborhoods such as Meydan or Dubai Creek Harbour are not yet well known by the general public but have a very high potential for value addition as well, due to the ongoing developments by the Dubai authorities.
Attractive payment plan to boost profitability
Payment plans are schedules negotiated by our agency with Dubai real estate developers. They allow you to pay for your house or apartment in installments. Payments are divided between reservation and handover, and it is sometimes possible to pay a significant percentage over several years after handover. The "post-handover" payment, i.e. after the handover of the keys, makes it possible to finance an important part directly with the rents, without having advanced the money and thus without having to mobilize too much cash.
Work with a serious and recognized real estate developer
The price and the payment plan are obviously very important. However, it is important to be careful with the beautiful brochures and the promises of some promoters. Our agency carries out a very important work of selection of the real estate programs which are proposed to the customers. Indeed, we often select only one or two programs per developer, because not all of them correspond to the quality standards of European customers. We are also very demanding on the seriousness of the promoters, in term of after-sales service in particular, and for the quality of the finishes. A high quality of construction will greatly contribute to the success of your investment. In real estate, you have to be careful with small savings that can be very expensive in the end. No compromise on quality with Dubai Immo!
The budget: don't get carried away and buy a property within your means
When making a real estate investment, the question of budget is obviously central. At Dubai Immo, we will never push you beyond your budget. Our goal is to find you the best option according to your budget and the different criteria you have given us. If there is no suitable property at the time of your request, we will invite you to wait and keep you informed as soon as a project matching your search is launched. It is important that this investment is consistent with your means, and to avoid at all costs that you find yourself in a situation of not being able to meet your deadlines.
Buying real estate in Dubai: never go direct with a developer in Dubai
This is the mistake not to make! Every week, we receive dozens of calls from clients who have chosen to go direct while getting a better offer themselves rather than going through our agency. They regret it and ask us for information because the promoters do not follow up individually. Indeed, the salesmen employed by the Dubai developers only market the developer's offer and therefore have no objectivity. At Dubai Immo, on the other hand, we are disinterested and it makes no difference to us whether you buy from this or that promoter, and we therefore seek to find you the program that really suits you. Another important element is the long-term follow-up. The sales representatives of the promoters often change company and consequently it is often difficult or impossible to obtain the answer to your questions on the progress of the work or the follow-up of your payments for example. Finally, our agency knows on which points it is possible to negotiate and the type of offer that it is possible to obtain. In case of late payment or problem signing a document, our agency will also have much more weight with a Dubai property developer than you alone. We keep you personally informed of the progress of the work with photos and videos every month, and can also take care of the handover and rental process. The developer will not do all this for you, and our services cost you nothing since we are paid 100% by the developers. By purchasing a property through Elysee Vendome Real Estate / Dubai Immo, you are assured of getting the best deal and benefiting from a personalized follow-up throughout your project, until the rental.
