The guide of purchasing real estate online in Dubai

­­­Purchasing real estate online in Dubai or offline has become easy and available. Especially for Emirati investors residing outside the country or foreigners of other nationalities. This is due to the wide fame that the Emirate of Dubai enjoys in terms of economic progress and the remarkable and ongoing urban and technological renaissance at an increasing pace.

• Not only that, but today the largest reliance in buying and selling operations is on digital advertisements over the Internet. Now anyone can, wherever they live, follow the promotional pages to purchase a property in Dubai online without the need to exist physically. Whether through websites specialized in selling and renting real estate, or through social media platforms that display all the specifications and benefits of interest to the buyer.

So, if you are a resident outside the borders of the Emirates and want to purchasing real estate online in Dubai, follow this article with us on Alaaqari website to learn about the steps of the purchasing process and the most important instructions for choosing the appropriate property to avoid running into any problems or obstacles.

What is the ideal time to purchasing real estate online in Dubai?

The best time to buy real estate is as follows:

• The ideal time to buy real estate in Dubai, for example, is during January, as real estate markets witness stagnation throughout the winter, and prices decrease significantly.
• Annual vacations and summer vacations are not an appropriate time to buy real estate online or offline.
• The best time to acquire real estate is after determining the appropriate budget for the purchase and not getting involved in debts or unsecured loans.

Tips for choosing the appropriate property

There are several guidelines that are necessary to adhere to when desiring to purchase real estate in Dubai or anywhere else, which are as follows:

1. Determining the purpose of purchasing the property: The buyer must determine his purpose in owning the property, whether for housing or investment. The criteria for choosing residential real estate differ from real estate designated for sale and purchase in terms of type of ownership, location, view, and profit return.
2. Choosing the location of the property carefully: When you want to own a property, the location and view are among the most important factors that must be taken into account. The location of the property, which is close to the city center or public service facilities and shopping centers, is extremely important and contributes to the increase in the price of the property. As well as the distinctive view that provides the home, office, or even store with ventilation, good lighting, and charming natural views.
3. Determining the best time to buy: It is necessary to follow fluctuations in real estate market prices when desiring to own a new property. In addition, waiting for the winter and stagnant prices to seize the appropriate opportunity and obtain a property at a very reasonable price.
4. The average rent in the property area: The property intended for investment should be purchased after asking about the average monthly or annual rents in the area. Also pay attention to the rate of demand for renting real estate, the type of tenants, and their financial levels. This is intending to achieve a reasonable profit return and avoid any subsequent financial losses.
5. Do not ignore real estate taxes: Real estate taxes imposed on real estate increase its future costs, depending on the area targeted for purchasing the property. Therefore, it is very important to choose areas whose real estate taxes are lower than the rest of the areas. Especially when purchasing for investment purposes.
6. Use reliable real estate agents: A reliable legal agent or lawyer must be chosen to complete the property purchase transaction. Which requires specific legal and financial procedures.
7. Following up on purchasing real estate online in Dubai advertisements: Monitoring the promotional advertisements published online regarding the sale of real estate and choosing the most appropriate specifications in terms of area, location, and price.

Steps to purchasing real estate online in Dubai

You can buy real estate in Dubai online by following these steps:

1. Choose the best website specialized in buying and selling real estate in Dubai online.
2. Then log in to the website you chose.
3. After that, select the property you want to buy in Dubai according to the location, price, and area categories.
4. Also, browse pictures of properties on the site to learn about their specifications and choose the most suitable ones.
5. Click to choose the right property to buy.
6. Then receive the official documents for signature sent by the website’s real estate developer. Including sales forms, A-B, and sales contract F.
7. Register your transaction with the Dubai Land Department (DLD) electronic system.
8. Confirm your identity and sign the sales contract via live video between you and the seller through the Dubai Land Department website.
9. Enter the property purchase amount via the payment link to the escrow account at the Land Department’s IBAN to pay the first payment, government fees, and real estate developer services.
10. Finally, receive the title deed online after paying the full amount due and completing the entire sale procedure.

purchasing real estate online in Dubai – is it safe?

Yes, purchasing real estate online in Dubai is a safe option provided that you choose the reliable digital portal and the appropriate property in terms of location and price. As well as selecting the most reliable and reputable real estate developers in the Emirate of Dubai. It is also preferable to deal with developers without the need for legal agents or any third party (brokers). This is to avoid paying any excessive fees that previously were not taken into consideration.

What are the real estate market trends in 2023 and 2024?

The Arab real estate market, especially in the United Arab Emirates and most of the Gulf Cooperation Council countries, witnessed a growing demand in 2023. This coincides with keeping pace with new updates in the world of urban development, the movement of purchasing real estate in Dubai online, and direct real estate investment operations.

As well as providing the best solutions and constructive suggestions by real estate developers affiliated with the government and private sectors at the state level, as well as the initiatives of Arab and foreign investors in Dubai, which were greatly supported by the UAE government and provided full legal and financial facilities in this regard, which reflected positively on the prosperity of the real estate market in the UAE and the rest of the countries of the region. The Middle East is affected by the movement of buying and selling real estate, especially capitalists and entrepreneurs from these countries.

Negotiation skills when buying and selling real estate

Negotiation skills must be mastered when deciding to purchase real estate in Dubai, which are as follows:

• Choosing the appropriate real estate broker, whether individuals or real estate brokerage companies.
• A long and careful search for the appropriate property and viewing all offers and advertisements for purchasing real estate online and on the ground.
• Inspect the property before completing the purchase process to ensure that it is free of technical defects or external and internal design problems.
• Selecting properties offered for sale below market value and seizing the best time to buy, especially when the seller is urgently interested in selling the property for less than its price in the real estate market, and negotiating with him on this basis.
• Commitment to the ethics of buying and selling includes good treatment, honesty, and good manners.
• Do not renegotiate matters that were previously agreed upon.
• Avoid choosing the first offer as much as possible and wait and look for more than one offer, while being calm and patient with the seller.

How to evaluate the value of a property when purchasing real estate online in Dubai

There are three ways to evaluate real estate, which are as follows:

1. 1. Evaluating the purchase of real estate by comparison
   2. Evaluating the purchase of real estate by cost.
   3. Real estate evaluation depending on income.

Evaluating the purchase of real estate by comparison

The comparison method is useful in evaluating residential properties after taking into account the following criteria:

• The location of residential properties, whether on a main or secondary street, as well as a commercial or industrial location.
• The condition of the property, the technical age of the building, and its full specifications from the outside and inside.
• Details of sales transactions that reflect real estate market conditions and supply and demand conditions.
• Compare properties in terms of external and internal cladding, distinctive decorations, and the cost of each stage.

Evaluating the purchase of real estate by cost.

The cost method in evaluating real estate is based on the following items:

• Determine the price of real estate lands.
• Determine current construction costs.
• Depreciation assessment, which is estimated by the amount of decrease in the building price due to inhabiting within.
• Evaluate the current building value by subtracting the depreciation cost from the construction cost.
• The evaluation price is based on the evaluation of the price of the land without building, plus the current building price.

Real estate evaluation depending on income.

The income method of evaluating real estate depends on the following points:

• Determine the value of gross income.
• Also determine the vacancies rate.
• Determine the value of net income.
• Determine the value of the total expenses for construction labor and maintenance.
• Calculating the ratio of income to the value of the property.

Buying homes below full market value

Buying any house or property in Dubai below the full market value is an important criterion for the buyer and seller. It is also one of the main real estate terms that express the estimated price value of the property according to the real estate market. For your information, the seller often wants to raise the price of his property above the specified and recognized market value within the real estate market.

While the buyer negotiates to reduce the market value of the property purchase as much as possible. It is worth mentioning that the market value is not stable in the long term, as it is variable depending on market developments, the movement of supply and demand, and the features required in real estate, which are included in the basic evaluation methods.

Guaranteeing the best price sales when purchasing real estate online in Dubai

To guarantee the best price for online sales, you must adhere to the following guidelines:

• Display products including real estate in a professional manner.
• Insert attractive text to describe the products offered.
• Insert product prices correctly and attractively to the consumer.
• Follow SEO (Search Engine Optimization) marketing rules.
• Display products on different electronic platforms.
• Also publish advertisements for selling the product on social media sites.
• Create the best advertising campaigns.
• Post customer reviews and ratings about the offered product.

The most important real estate terms

There are many real estate terms that it is necessary to know when buying real estate in Dubai, which are as follows:

Real estate terms	Explanation
Title deed	An official document issued by the land registry to prove a person’s ownership of his or her property.
Financial interest rates	The amount generated by investing money.
Market value of the property	The price of the property depends on the local real estate market.
Real estate depreciation	The sale value of properties that have been rented over a specified number of years.
Real estate agent	The person who carries out commercial procedures for real estate transactions.
Real estate purchasing agent	A person specialized in buying, selling, and renting real estate.
Listing Agent	A person specialized in the field of buying and selling real estate.
Closing costs	The final fee remains after the sale is completed.
Real estate broker	The person who is concerned with securing real estate purchases and sales at a specific commission rate.
Property evaluation	Determining the value of immovable properties using (comparison – cost – income) methods.
Shared ownership	Ownership of immovable property for the benefit of more than one owner.
Floor ownership	Pointing out each part of the building, the warehouse, and each floor separately.

purchasing real estate online in Dubai for Saudis

Saudis are allowed to purchase real estate in Dubai, like other Arab and foreign investors, after meeting the following conditions:

• Purchasing a property in freehold areas in Dubai.
• Obtaining the right to own the property under absolute ownership with no specific period of time.
• Owning the right to usufruct or lease the property for a period not exceeding 99 years, in the freehold areas specified by the Dubai Land Department.
• The amount allocated for real estate investment in Dubai must not be less than 10 million UAE dirhams.
• It is necessary to adhere to a specific time period for real estate investment of no less than 3 years.

How to avoid real estate fraud

Real estate fraud cases can be avoided when purchasing real estate in Dubai by adhering to the following:

• Avoid paying any amount of money before ensuring all legal issues and inspecting the property by a specialized engineer.
• Do not buy off-plan real estate from unknown sources or unreliable companies.
• Verifying building permits and ensuring that there are no construction violations or debts on the property.
• Verifying the personality of the real estate agent, his credibility, and his official work.
• Do not give out personal information, especially when purchasing real estate in Dubai online from unknown sites.
• Verifying the personal identity of the property owner also, the title deed and registering it in the Land Department or the Land Registry.

Which is better: renting or owning, explaining the advantages and disadvantages.

It is difficult to estimate the best option between owning a property or renting it, as opinions differ in the real estate market between those who encourage ownership and those who encourage renting, so we will explain in the following table the advantages and disadvantages of each of the two terms:

Advantages of ownership	Disadvantages of ownership	Advantages of renting	Disadvantages of renting
High privacy and decision-making ability in buying and selling.	Long-term commitment to the property.	A flexible and convenient option for those who do not have the value of purchasing real estate	Inability to control the rented property.
Possibility of predicting prices within the market.	Inability to afford real estate prices in some areas.	Possibility of saving money to purchase later.	The problem of rising monthly or annual wages depending on the inflation situation in the country.
Tax exemption for many costs.	Inability to pay mortgage payments.	Monthly costs are somewhat acceptable and proportional to monthly wages.	No property rights for tenants.
Real estate financing loans.	Request a down payment to purchase real estate.
Real estate maintains its value and increases according to the market situation.	Maintenance costs for real estate are borne by the buyer.

The importance of real estate inspection: How to ensure the safety of the property

The importance of real estate inspection for buildings of various types lies in discovering any problems or technical defects in the construction before completing the real estate purchase process. The safety of the property can also be ensured by following these points:

1. Complete inspection of the building from the outside in terms of the roof and external walls.
2. Also check the soil of the land on which the property was built and its consistency and solidity.
3. Ensure the basic rules of construction.
4. In addition to inspecting the building from the inside, including the interior walls and windows.
5. Checking electricity, water, and air conditioning installations.
6. Checking the plumbing work.
7. Inspection of floors and checking for any leaks.

With this amount of information, we have reached the conclusion of our article about the guide to purchasing real estate online in Dubai and basic instructions in the field of real estate. We reviewed the most important ideas that are of interest to everyone who wants to engage in the experience of buying real estate and start investing their money in this field and achieve monthly or annual profits that exceed the profits of other investments and with noticeable legal facilities, whether directly or via the Internet.

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