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Buy with Provident: Your Gateway to Exceptional Real Estate.
Whether you're seeking a family home or a property investment in Dubai, we're here to help make your property search enjoyable and seamless!
Looking to invest in Dubai's real estate? Provident Estate is your professional ally in transforming ownership dreams into reality. The process of purchasing property, particularly in a new or unfamiliar city, or as a first-time buyer, can be complex. That's where we come in. Our expertly crafted property buying guide is designed to ease the buying process, providing you with the critical knowledge needed to navigate Dubai's real estate market with confidence.
At Provident Estate, we're not just about facilitating a transaction; we're dedicated to advising you on strategic investments that promise financial growth and stability. Trust us to guide you through your buying journey with professionalism and insight, ensuring you make well-informed decisions for your future.
Guide to Buying Property in Dubai
A Beginner’s Guide to Buying Property in Dubai: What you need to know.
Check your Finances on Hand
Before you begin your home search, consider your financing method, whether it's through personal savings, assets, or a mortgage. Provident's in-house team is on standby to assist with mortgage pre-approval.
Decide your Purpose to Buy Property
Decide on buying a home in Dubai for living or investment. Budget accordingly and list priorities like bedrooms and location. Be flexible; compromises are essential, whether buying off-plan or ready properties.
Navigate the Property Purchase Process & Hidden Fees
Have your real estate agent detail Dubai's entire property buying process, from offer to handover, including all costs beyond the down payment, to prevent surprises. Ensure thorough due diligence for a smooth investment journey.
Explore Viewings and Communities
Stay open-minded during property viewings and avoid fixating on changeable factors like decor. Research communities thoroughly and attend open houses for a comprehensive assessment.
Submit your Offer
Once you've chosen a property, decide on your offer and relay it to your real estate agent. They'll handle negotiations with the seller, keeping you promptly informed throughout the process. Trust provident to manage this nerve-racking stage efficiently.
Sign the Sales Agreement
The Sales Agreement initiates the formal contract process, binding you to agreed terms and responsibilities. Make sure to review this document with your real estate agent before proceeding to the transfer stage.
Progress your Sale
Our dedicated team facilitates the sale journey from NOC to transfer, liaising between you and seller, developer, and banks. With thorough expertise, we ensure smooth proceedings and document preparation to avoid any delays.
Buyer’s Guide FAQs
Yes. The non-resident investors can own properties in Dubai within designated "freehold zones." These include popular communities such as Downtown Dubai, Palm Jumeirah, Business Bay, Dubailand, Arabian Ranches, and Sports City.
Full ownership for a foreign investor is possible in the Freehold areas of Dubai, while the non-freehold districts are not open to UAE and GCC nationals.
Buying a property in Dubai is definitely a worthy investment, whether you are looking for an apartment for sale in Dubai or a villa property for purchase. You can buy off-plan properties directly from developers, ready properties from the secondary market, or acquire properties through joint ventures or partnerships. Keep your investment goals, budget, and preferences in mind while deciding.
Yes. You can apply for an investor visa in Dubai if you own properties with a purchase value of 2 million AED or more. The investor visa holder can also sponsor their spouse, children, and parents. Those who meet the criteria can apply for 2, 5, or 10 years of residency by investment in the emirate.
Foreigners or expats have the option to buy property in Dubai either as individuals or through a business entity. Buying property in Dubai as a company comes with some benefits related to taxes and mortgages.
Get in touch with our team and we’ll be happy to help