Dubai is one of the most attractive cities for real estate investment. Here you can find housing for every taste and budget: from studios to luxurious penthouses overlooking the Persian Gulf. According to Forbes, the average cost per square meter in Dubai is about 1.5 thousand dollars, which is approximately equal to 117 thousand rubles. The most expensive apartment in Dubai is sold for $24 million, or about 1.9 billion rubles.
How to buy an apartment in Dubai from a developer?
If you want to buy a new building in Dubai, you need to take a few things into account. Firstly, you must choose a reliable developer who has a good reputation and experience in the market. Secondly, you must decide on the area in which you want to live or rent out housing. Thirdly, you must decide what type of apartment is right for you: ready-made or under construction. Fourthly, you must choose the optimal payment method: lump sum or in installments.
What payment methods are available for purchasing an apartment in Dubai?
Depending on the developer and the project, you can choose different payment methods for an apartment in Dubai. The most common option is to pay in installments before handing over the property and the balance upon receipt of the keys. Typically, the down payment ranges from 10 to 30% of the cost of the apartment, and the remaining payments are distributed according to the schedule until construction is completed. This method is convenient for those who do not want to take out a loan or mortgage.
If you want to save money on buying an apartment in Dubai, you may want to consider paying the full price of the apartment in advance. In this case, you can get a discount from the developer of up to 20% or more. However, this method is only suitable for those who are confident in the reliability of the developer and are willing to wait for the project to be delivered.
Another way to pay for an apartment in Dubai is to use cryptocurrency. Some developers accept Bitcoin or other digital currencies as a means of payment for real estate. This can be beneficial for those who want to avoid bank fees and currency risks. However, this method requires caution and knowledge of the peculiarities of the crypto market.
What documents are needed to buy an apartment in Dubai?
To purchase an apartment in Dubai from a developer, you need to have the following documents:
After signing the contract and paying the down payment, you will receive a certificate of registration of title (Oqood), which confirms your status as a buyer. After completion of construction and payment of the full cost of the apartment, you will receive a Title Deed, which is the final document confirming your ownership of the property.
What are the advantages and risks of buying an apartment in Dubai?
Buying an apartment in Dubai has its benefits and risks that need to be considered before making a decision. Among the advantages are the following:
Among the risks are the following:
In conclusion, buying an apartment in Dubai can be a profitable and interesting investment project if you carefully study the market, choose a reliable developer, decide on your goals and budget, and take into account all possible advantages and risks. Good luck!
Let's figure out what to pay attention to when choosing an apartment and what additional expenses may arise when buying property in Thailand.
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