The market of Real Estate in Dubai is very attractive because it is a place of endless opportunities and it offers one of the most desirable real estate sectors to invest in the world. These are the reasons as to why a lot of people want to buy a property there. Dubai offers one of the best world markets of residential and commercial properties. Investors of all countries consider Dubai as a great destination for Real Estate. The housing market is growing fast and this little country is becoming a principal point of destination to spend a vacation.
The growth of the housing market in Dubai makes most people believe that in coming years this market will become a global metropolis that follow the steps of real estate in Singapore or Shanghai.
If you are interested to buy, rent, sell or invest in properties, it is really important to hire a Real Estate agent who must have the necessary knowledge about Real Estate business.
What does it take to be a Real Estate agent?
Real Estate agents are the workforce of Dubaiís Real Estate companies. A good Real Estate agent knows about advantages and disadvantages of every property and can transmit correctly this information to the customers. Some characteristic that must have an agent are: a dynamic personality, excellent communication and great negotiation abilities.
Mortgages in Dubai
The mortgage market in Dubai is complicated and relatively new. A phenomenon that draws attention to people is the fact that the mortgages prices on a property remain intact while inflation increases the value of property and income in Dubai.
It is very important that you think of hiring a mortgage advisor who can guide you through the process and helps you to choose the best financial package.
Before acquiring a property, it is recommended that you analyze your economic situation and decide how much you can afford. If you don't have enough money to invest, you can apply for a loan.
Things to do before you apply for a loan:
- Determine the monthly payments. A mortgage broker will help you to determine your budget and how much is the maximum and minimum payment that you can do.
- You have to choose a bank according to your budget. Remember, banks handle different interest rates.
- Once you have chosen a lender, you must collect all the supporting documents that are required by your lender. The requirements vary depending on: whether you are an employee of a company, self-employed, a resident in Dubai or a non-resident.
Real estate schools
There are several real estate schools in the world; you can choose the one that covers your learning expectations but it is always necessary that you learn more about Real Estate laws and how the market works in the country where you are going to work as a Real Estate agent.
The most striking features of the real estate market in Dubai are the amazing buildings; these constructions are recognized for their design around the world. Looking to increase the level of Real Estate education in Dubai, schools and institutes are improving their services; Dubai Real Estate Institute is one of them. DREI provides comprehensive graduate and professional development programs on Real Estate.