Making investment in Dubai real estate

If the sand dunes in the Middle Eastern deserts are reverberating with constant explosion, it is because of the hectic construction activity in UAE. Dubai real estate has outpaced other developing economies. Today making investment in Dubai real estate is the best option for businessmen wanting to expand their financial portfolio in the region. What makes Dubai real estate so lucrative for individuals and for companies entering the Emirate?

The answer lies in the freehold land which is attracting billions of dollar investment in Dubai real estate. One of the most stable government in the Arab world, the only mission and vision of the Dubai rulers is to make it a stable land of opportunities. The vision is already taking shape in the stunning skyline that is attracting tourists, job seekers, entrepreneurs and multinationals to make investment in Dubai real estate. In a world that is seeing downslide of some major economies, UAE is registering a steady rise due to investment in Dubai real estate. While USA’s credit lending facilities have slowed down, interest rates have lowered; Dubai real estate has created a fine balance in investments. More committed investors have put monies in rock steady Dubai real estate sector. The oil prices still position UAE in a leading situation. If one looks at the Dubai real estate status, it is similar to what Hong Kong went through in the early 1990s. Investments in Dubai real estate properties are going through the same. UAE has large oil reserves, even if outside investors back out of Dubai real estate. The alarm bells will not ring for at least another ten years in the Dubai real estate sector.

But there are warnings against rogue builders that could ruin dreams of investing in Dubai real estate. Be careful, as the builder’s reputation matters most while buying any Dubai real estate property. An individual buyer can look at a single dream home in Dubai real estate to begin with. The values of older homes have increased, even though new properties of Dubai real estate are coming up. Some projects are prestigious but be careful not to get carried away by tall claims. The government has rightfully created a Dubai Real Estate Regulatory Agency (RERA). It functions as part of the Dubai Land Department and monitors the investments made in Dubai real estate. It has sent out a message to all potential buyers, to ask for three key points before they make any genuine investment in Dubai real estate residential homes. The three valuable key points to be noted are:

1. The registration of real estate company is with RERA. Ask for company’s code number.

2. All payments/instalments of the property of Dubai real estate are made in their trust account in a financial institution approved by RERA.

3. If dealing through a broker, he should have a registration number and ID card to sell Dubai real estate property.

Making a safe investment in Dubai real estate is critical even in a booming economy.

Final Tip: Ask for developer’s credentials before investing in any project