What do I need to know when buying property in Dubai?

"Be careful of the planned purchases. I know several people who lost hundreds of thousands of dollars because they invested inthe plan and the developer went under. They did not give any money back. No lawyers can help. However, the risk is you get the property for way cheaper. Do the research on the developer and ensure they are on the up an up. Otherwise, purchase as is and enjoy," said another expat in Dubai, UAE.

"1. It is important to research the area you are looking to buy in, as different areas have different rules and regulations. 2. Make sure you understand the legal process of buying property in Dubai, as it is different from other countries. 3. It is important to understand the different types of property ownership available in Dubai, such as freehold, leasehold, and usufruct. 4. Make sure you understand the fees associated with buying property in Dubai, such as registration fees, transfer fees, and other taxes. 5. It is important to understand the different types of mortgages available in Dubai, such as fixed-rate mortgages and variable-rate mortgages. 6. Make sure you understand the different types of payment plans available in Dubai, such as installment plans and lump-sum payments. 7. It is important to understand the different types of insurance available in Dubai, such as home insurance and life insurance. 8. Make sure you understand the different types of maintenance fees associated with owning property in Dubai, such as service charges and utility bills. 9. It is important to understand the different types of rental agreements available in Dubai, such as long-term leases and short-term leases. 10. Make sure you understand the different types of tenant rights available in Dubai, such as the right to privacy and the right to a safe and secure living environment," wrote a member who made the move to Dubai, the UAE.

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Expats interested in International Health Insurance should take a minute to get a quote from our trusted expat health insurance partner, CIGNA.
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