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Interesting and Amazing Facts about Dubai Real Estate

Dubai is the place of tall structures & marvelous real estate properties! People from all over the world come to visit Abu Dubai for business motives & purposes. Have you been always fascinated with structures in Dubai? Want to buy a home in the business hub of the world? The modern architecture of the place attracts tourists & locals alike! There are some interesting facts about Dubai real estate that will simply blow your mind.

In Dubai real estate, there is more than what meets the eye – the world of real estate has some lesser-known facts, and it is important to be informed about the same before deciding to buy property in Dubai.

Here are some of the amazing facts about Dubai real estate –

 

  1. The average price of living apartments per sq. ft. in Palm Jumeirah is 50% lower than the average price per sq. ft. for a living apartment in Downtown Dubai. The two locations are the most searched communities in Dubai.
  2. A villa in the Palm costs AED 20 million! The gorgeous views & life in the eighth wonder of the worth don’t come cheap. The average size stands at 6,447 sq. ft. and the average price per sq. ft. at AED 3,117.
  3. A studio in Dubai land would have been set back by AED 300,000 and the similar unit costs AED 800,000. Dubai is offering great value for the money & provides the best housing for people looking for the best apartments.
  4. There is no property tax in Dubai. The legal authorities of Abu Dhabi have not imposed taxes on properties and buying villas on the market in Dubai no longer levied taxes on the assets.

With so many individuals getting into the real estate market, it can be difficult in finding an all-weather real estate agent. Many of them get their licenses and find themselves on their own in a brokerage with no training to figure out the game. Here you will get the right tips to choose the real estate agent complying with your real estate needs.

The local real estate agent is the most desirable one for the mere fact that the local agent will know the way to the homes in the area. A local agent also helps other buyers in the area and guides the buyers in finalizing the right property. They will be able to provide you the rightful insight on the condition of the property before stepping foot inside.

A real agent should be having great communication skills and should be willing to stay in contact with you the way you want to be contacted. This will always help you know what is going on in the buying or selling process and the questions will also be answered in a timely manner. Make sure you contact the right kind of real estate agents who will help you get the best property in the region at an affordable cost.

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