In the last decade, the Dubai property market has been growing at a rapid pace which has caused increased competition. As a result, developers and sellers are competing on prices and favorable payment terms to lure potential buyers. This has brought about a reduction in prices of properties across the city. As new projects continue to crop up, buyers will likely see more properties coming up in the market.
Since there are several Dubai real estate agencies listing their properties online, it can be difficult to find a property that suits your needs. Experts advise buyers to go through the listings carefully to get the best property. If you are looking forward to owning a property, you should consider District One Residences in MBR City , Sur la Mer townhouses or Emaar Mina Rashid apartments.
Here are ways you can find the best listings:
1. Get the right real estate agent
It is advisable to get the right professionals before embarking on a house-hunting expedition. The benefit of involving a real estate agent is that they understand the market better. So, the agent will be in a better position to know when a listing matches your criteria. However, you will have to find the right agent because you might get an inexperienced agent who does not have sufficient information about the market.
In an active real estate market like Dubai, you should be very careful when searching for a property. Conduct thorough research even if you have an agent doing all the work for you. Even ‘For Sale By Owner’ (FSBO) should be evaluated scrupulously.
3. Make offers early
Establishing the amount of money you can afford will help make offers on new listings as soon as possible. Nowadays, agents can set an alert on new listings on the market so that you can make an offer early. This will help you get fresh and new listings before other people. As the saying goes, the early bird catches the best worm
4. Keep up with the real estate news
You should stay tuned to current news regarding the real estate market you intend to buy your property. For example in the recent past, the off-plan property market has been making headlines in the Dubai real estate industry. Also, the upcoming Expo 2020, which is expected to bring around 25 million visitors, will provide a stimulus to the property market. The best way to keep up with the latest trends is by reading magazines, watching the news and following real estate blogs and social media platforms.