Things like great career opportunities, tax-free income and lavish lifestyle, have attracted a huge number of people from all around the world to Dubai. Every day a large number of people shift their bases to Dubai, either alone or with family. But, it is only after arriving here they realize that even after earning tax-free income they have no savings at the end of each month for future investments. There can be two reasons for the same, paying high rent for the apartment or villa one is currently residing in and having little or no knowledge about Dubai real estate. Since most of the places have high rents the applications received by banks for loan has doubled in the recent years.
Just like many other cities of the world, the cost of property in Dubai differs according to its location. The demand for places like Dubai Marina, Palm Jumeirah, Downtown Dubai are high, making them really expensive for buyers as well as tenants. It is advisable for expats to look for a property that is not only inexpensive but is also located at the right place. Deira and International City can be good options for those who are looking for economical places to buy apartment in Dubai as they are surrounded by many private and public hospitals, international schools and shopping malls.
Though there are huge options available in Dubai to suit everyone’s need, finding the right property can be a tough job. The common options that people refer while buying apartments are as follows:
· Contact their friends and relatives and buy property close to their place, though it can help you during emergencies don’t ignore the negatives they might have mentioned some time about that area.
· The next option people take is online advertisements. Here, you have to personally go and visit each property which means wasting a lot of time. Also, it does not guarantee you will get the best deal.
· Some take the help of a real estate agent while choosing an apartment for sale in Dubai, who have complete idea about each location and can get you the best deal in any area of Dubai, they are also available to answer all your queries and provide you with an array of options.