Wednesday, October 22, 2008

Property Buyers in Dubai Need to be Cautious

Property Buyers in Dubai Need to be Cautious
While there is an immense variety of real estate in the Dubai property market, anybody who wants to have a home here needs to be careful when buying, as there are risks as in any real estate market. These risks involve poor build quality, unregistered developers and over inflated real estate prices.
Poor quality
This should be a main concern for property buyers, particularly long time residents that know how a low quality construction job can affect the property. There are recent reports that because of the inflation of concrete, some constructions are cutting corners, resulting in sloppy building work and severe compromise on the long life of the property. If you want to buy a home, be sure to buy from a reputable developer when purchasing your Dubai property.
Unregistered Developers
Perhaps you get surprised by this, but a number of developers that are in service and selling freehold property are not in fact registered with the Dubai Land Department that is in charge of the Dubai real estate sector. If you are interested inreal estate purchase, be sure to ask for proof that the company is registered, which they should be able to confirm with a registration number and registration card.
Over-inflated real estate prices
This is true that there is inflation in the market, but that doesn't mean you pay more than needed. Some property buyers may face a situation where the broker or seller of a property they want is trying to charge above the market price, and if this is the case, then don't hesitate to argue

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