4 Mistakes to Avoid While Buying a Home for Sale in Dubai

It’s a dream come true to be able to buy a home in Dubai. This is something a lot of people desire to do but very few are actually able to accomplish.

The first step to turn this dream into reality, of course, is to arrange finances. Once you are able to achieve this feat, then starts the actual process – hunting the right property. This, generally, is a very detailed process as you will have to select the location, type of property and finalise numerous other details. A minor mistake can make the entire process daunting one for you.

To prevent this from happening, make sure to avoid these mistakes when looking for properties for sale in Dubai:

Buying a Property without Verification

Never make the mistake of buying a property without verification. This is universal advice that’s applicable not only in Dubai but every part of the world. Irrespective of the fact you are buying a property from a trustworthy source, ensure you have done proper verification. Check the title deed and verify property details at DLD portal. Through this portal, not only you can validate the property but verify its ownership as well.

Although chances of becoming a victim of a fraud or scam are minimum in Dubai, it’s always better safe than sorry.

Not Setting the Budget

It may sound a clichéd advice but make sure to have set a budget before buying a property. The budget depends whether you want to sort through the offers for studios, apartments, townhouses, penthouses or villas for sale in Dubai.

This is an important step of buying a home; thus, don’t be reckless while setting the budget. Be very practical, consider your expenses (current and future) and then set a budget. Also, the budget shouldn’t only include the estimated cost of the property. You need to take into account various things while setting the budget. These include moving cost, DLD registration fees, utility costs, any repair or overhauling cost of the new home etc.

Also, ensure you are left with enough savings after allocating the budget for buying a home. An emergency can strike at any time and you should be prepared financially to face it. So, it’s important to set some money aside for a rainy day.

A Pro Tip: Before you set the budget, decide the type of property you want to buy. This is important because there’s a drastic difference between the prices of different types of properties. By doing a little research, you will see that offers for studios and apartments for sale are priced low as compared to villas, townhouses and penthouses.

Ignoring Key Aspect – Location

The location holds paramount importance, whether you are buying a residential property for living or investment purposes. Other parameters may vary but selecting the right location is vital.

If you plan to buy a property for residential purpose, look for the one that’s located near your workplace. Ignoring this factor will result in abundant commuting hassles. And of course, you will spend more time commuting to and from your workplace than in your home. Also, other factors such as close proximity to grocery stores, healthcare facilities, shopping centres, educational institutes must be taken into account.

On the other hand, for investment purposes, you need to buy a property that’s located in an area that holds better prospects in terms of economic growth. Buying a property that is situated in a far off area, which is going to take years to develop will be a mistake if you expect to earn revenues in the short-term period.

Rushing into Things

We get it that the excitement level is on an all-time high when you have found an apartment or villa that completely suits your requirements and fits your budget. You are eager to complete the proceedings and relocate to it. This is where you are prone to making mistakes. Don’t rush into things, no matter how lucrative the deal is.

Firstly, it shows signs of desperation and the seller may use it to their advantage. Moreover, while rushing into things, you may miss out on certain details that completely hamper your experience of living in the said property. So, take your time and inspect the property carefully. Visit it multiple times and check every nook and cranny before finalizing it and signing on the dotted lines.

All in all, whether you are looking for apartments, townhouses or penthouses for sale, steer clear of these mistakes. Being cautious and observant is the key to having a smooth experience of buying a home in Dubai.