Buying in Dubai Off-Plan apartments and villas in 10 steps

 
  1. Decide on your budget, your current and future cash flow, preferred payment plan and preferred location/property type.
  2. Check out online property ads.
  3. Choose to connect with a reliable real estate agent who understands the resale and leasing market. So he can advise you on future capital gain possibilities and rental yields once the property is completed.
  4. Visit the project site and check surrounding projects to understand rental and sales prices.
  5. Check some online google reviews about the developer's reputation.
  6. Visit the Developer's office and show-apartment/model-home if available. It is crucial to also visit previous projects built by the same developer.
  7. Check the latest sales transactions as registered in Dubai Land Department of the Government of Dubai on www.DXBinteract.com
    1. Click on "Sold Properties", enter the project name and check how the price per sqft and the number of units "sold by the developer".
    2. Check if there are any resale transactions happening in the same project. Click on "Sold Properties", enter the project name and check the price per sqft and the number of "units sold by the individual" (resale). 
  8. Compare current offers with actual sales transactions prices registered on www.DXBinteract.com Sold by Developer and Sold By Individual (if any).
  9. Run your numbers, decide.
  10. Read your contract to understand your rights and your obligations.


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