Useful Tips for Smart Property Selling/Buying in UAE

Dubai is one of the best and favored destinations by real estate investors from across the globe to purchase property in. It’s not only because Dubai is a city with plenty of opportunities for foreign investors, but it also provides a beautiful place to live in. However, foreigners may have some confusion when it comes to investing in the real estates of UAE.

Making certain decisions especially those that require large sums of money is critical most of the times. In UAE, the Real Estate Regulatory Agency (RERA) was established to be the helping hand and guidance to individuals and companies who are willing to go on buying or renting a property in UAE.

Establishment of RERA

RERA is a subsidiary of Dubai Land Resources Department. This government authority has its full financial and administrative independence with full legal authority to regulate the real estate sector in Dubai. This agency regulates the relationship between the property managements and individuals and allows each of them to have the sufficient knowledge they need to know about their residential or business property in Dubai.

Under RERA’s supervision, there are property companies and developers who will help the investors to make the right decisions regarding their property for sale in UAE. Moreover, with the fluctuating prices of properties in UAE; the property consultants will be needed to give the consumers the best advice and guidance on when and where to buy and sell properties in UAE.

Expertise of Property Consultants

Fundamentally, property consultants’ in UAE advice customers on issues related to market conditions, prices, mortgages, legal requirements and related matters. They also act as an intermediary in negotiations between buyers and sellers, generally representing one or the other. If the customer is not certain, then the property consultant will create a list of properties that suit the buyers’ needs and financial resources. For investors with rental properties, property consultants will help them find people who are willing to rent an apartment or other. 

On the other hand, property consultants are more confident and specialized in dealing with official authorities in the country such as RERA, Electricity and water authority, banks and mortgages companies if needed. On the long run, customers will be comfortable that if any problem arouse with their property in UAE, it will instantly be solved with their property consultants.

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