Photo caption: Brian Etemad, CEO, Tamleek Real Estate Co.
Dubai is currently going through a dynamic real estate boom with a wide array of residential properties and offices. New properties are released on a regular basis giving both investors and end-users a variety of options to select from.
Finding a home or office to own or rent in Dubai is one of the most important decisions one can make in the UAE. Thus, research and market knowledge are key factors in sourcing the perfect and ideal property for ones investment.
The first step in ones real estate investment is to decide and allocate the necessary funds to be able to invest in a property taking into account several factors such as considering the return on investment (ROI) that the particular property can generate; this consideration applies to both investors and end-users to ensure the investment is a sound one.
The next step is to decide on choosing an established developer and area that is suitable for ones needs. We are blessed in Dubai since there are residential communities that fit everyone’s needs, be it in proximity to the Iconic structures such as Burj Khalifa, Dubai Fountain, The Dubai Mall and the Opera House, or, residential communities such as Arabian Ranches and Emirates Hills.
Once the investment budget has been determined, one should pay close attention to other variables in addition to the aforementioned ROI and location of the property such as the amenities the selected property can offer, or is adjacent to.
For individuals looking to purchase or lease an office space, the size of the office may be dependent on the type of business and the number of staff needed for that particular business. The more precise one is in communicating the requirements of the business to the agent, the more fruitful the results of the options will be for the client
Once one has secured a particular property, I highly recommend to pay strict attention to the pertinent associated documents, such as Offer to Purchase, Sales Agreement, or the tenancy contract and to carefully review the terms and conditions of the investment acquisition in detail to avoid any unnecessary issues in the future.
The above stated general guide is for general information purposes only and will hopefully assist in the steps needed to find the perfect home or office in the UAE.