A. Yes. Expatriates are now legally entitled to purchase a home at any of the developments designated for that purpose in the UAE.
A. Yes. Your rights of ownership are recognised and legally protected under the UAE property law.
A. It depends upon your circumstances and future plans. Here are some questions, which could help you decide:
If you answer yes to all of the above questions, you are probably in a position to consider buying your own home.
A. The only advantage of renting is that your landlord is generally responsible for property maintenance. However you may not be free to make home improvements without the landlord's permission. Home ownership gives you the freedom, stability and security to build equity in your home and protects you from the risk of exorbitant rent increases.
A. The first step to buying a home is to determine your family's needs.
A. There are many developments throughout the UAE available for sale to expatriates. Look through the property sections of various newspapers and keep an eye out for announcements and advertisements of property developers. Speak to family and friends and, if possible, to someone who already lives in the development you wish to purchase. Not only will they have the most knowledge about the property and any hidden pitfalls or benefits, but they will also be your future neighbours.
A. It's time to talk to the property managers or property developers and gather as much information as you can about the home that you like. Be sure to communicate with them regularly and inform them of your expectations from the property. This will save time on the long run. Once you have found a home that you like, ask yourself the following questions to determine if it is the right one for you:
Above all, take time to think carefully about your decision. Make a list of questions you should ask your property developer such as potential problems and maintenance issues, and how long would it normally take to resolve these? Be sure the property developer's answers are clear and complete, and make sure you understand all the information they give.