Rent or Buy Luxury Apartments in Dubai

Tuesday, May 26, 2015

Rent or Buy Luxury Apartments in Dubai

 

When considering apartments for rent in Dubai or Dubai apartments for sale tenants, buyers and sellers need to know the rules around property transactions.  To buy Dubai apartments or when it comes to flats for rent in Dubai, it is important to be dealing with an accredited broker, agent or developer licensed with RERA (the Real Estate Regulatory Agency) which is part of the Land Department - the sole government entity responsible for registration, organisation and promotion of real-estate investment in Dubai. When it comes to Dubai apartments for sale or to buy Dubai apartments brokers must be licensed by the Land Department and adhere to a code of ethics, in addition to carrying a Broker’s ID card. Expatriates can purchase freehold property in Dubai either off-plan or on the secondary market. The search for Dubai apartments for sale or to buy Dubai apartments your best bet is to either look through property portals or via reputable property agency websites. Most brokers charge between 1 to 2% of the property value as their fee, however, you can negotiate depending on who you’re dealing with - a reputable agency will generally include the broker’s fee in the price advertised.

 

For apartments for rent in Dubai and flats for rent in Dubai it is wise to first consider your location to ensure you’re choosing not only the right property but also the right community; next whether you’re looking for an apartment or a villa and if your priority is high quality construction or great property management or exercise facilities, and so on. If you’re intending to bring your own furniture and soft furnishings with you, consider the square footage and layout during your search for apartments for rent in Dubai. Before finalising a rental decision on flats for rent in Dubai it is suggested to have the maintenance elements of your unit checked, such as the air conditioning, plumbing and electricals, and in the process, identify and home maintenance service provider. Paperwork for your unit rental will be drawn up by your agent in conjunction with the necessary payment process. Whether you’re intention is to find Dubai apartments for sale or apartments for rent in Dubai there is ample information online, through RERA or through your chosen property agency to ensure you make all the right decisions along the way. If you are undecided about where to buy or where to rent during your search, perhaps consider a short-term rental option in the interim.



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