Although many of our clients are familiar with purchasing property in their own home market however, the process of finding and securing a Dubai property can be quite different. However, buying property in Dubai is in many ways, simpler than in the UK or elsewhere.
Finding your off Plan Property in Dubai:
There are many developments available on the Dubai property market and the biggest challenge to face most of our clients is finding the most suitable to their needs. To do this our staff will take time to understand your requirements and advise you accordingly.
Although as always in the property market, it’s Location! Location! Location! at Direct2Dubai, you can be assured that all of our properties are in PRIME LOCATIONS. More reasons to buy from Direct2Dubai
Property deals do tend to get closed quite quickly and with this in mind it’s highly advisable to arrange your finances prior to commencing your search which should both give you an advantage when buying property in Dubai and also help to avoid disappointment.
Dubai Off Plan Properties:
The vast majority of property in Dubai for sale has not yet been completed. Most Dubai developments are due for completion at least 18 months after launch, but due to the high demand for Dubai properties, this may be the only way of securing a home in Dubai.
It should be noted that the system of Escrow accounts in Dubai is limited to a few developers, whereas the majority are using investor's instalment payments to fund the construction of their specific buildings. An Escrow is a legal arrangement in which the asset (ie. Money or other tangible asset) is deposited into an escrow account under the trust of a neutral third party (escrow agent) pending satisfaction of contractual contingency or condition. Once the condition has been met, the escrow agent will deliver the asset to the party prescribed by the contract. Direct2Dubai will only offer properties from a reputable developer who uses this system – safeguarding your investment
Payment Schedules:
A series of payments are spread over the construction period. – from the time of reservation right through to the completion date. Payment schedules tend to be quite evenly spread requiring the majority of the purchase price to be paid before completion. Each individual development has a set structure and can vary, but it is typical that he purchaser would be required to put down 20% within 30 days of signing the reservation form. |
