Many foreigners dream about owning property in Dubai, although many will find out very soon that buying real estate can be complex and challenging. That’s exactly why many choose to work with a real estate agent in Dubai. This article provides seven reasons to use a real estate agent in Dubai.
7 reasons why you should use a real estate company in Dubai
There are more than enough reasons to work with a real estate company in Dubai, whether you’re selling or buying real estate. Below are the seven most important reasons to use a real estate agency in Dubai.
1. Time-saving
Firstly, working with a real estate agent in Dubai will save you a lot of time. Every aspect of this already time-consuming operation will be organized and managed by someone who understands the entire process from start to finish. In other words, there will be guidance throughout the whole process. This will save you a lot of time as the agent does not just take away the task of planning the process; a real estate agent in Dubai will also consider the client’s planning.
2. Extensive network of connections
In such a competitive market like Dubai’s, having someone on your side who knows the right people, can be very helpful and comforting. Whether it is selling or buying property in Dubai, a real estate agent in Dubai who has access to a network of potential buyers or sellers will greatly improve the chances of a successful real estate transaction.
3. Awareness of the current market
Dubai realtors are up to date with all new developments and market trends. These are aspects in the buying process only agents are able to be fully up to date with, as it is such a fast-moving market. Providing the right updates related to increasing or decreasing prices is a precious asset a real estate agent can add to the buying/selling process. Furthermore, a real estate agent in Dubai will have the latest information and projections regarding the specific area where your interest in buying property lies.
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4. Negotiation experts
On top of market awareness translated into advice, a Dubai real estate agent will know how to negotiate and what is possible in the current market once you have reached the point of negotiation. Setting the right negotiation strategy is vital in buying property in Dubai. Many factors, such as future projections unknown without an agent, may influence and strengthen the negotiation position.
5. Knowledge of rules and regulations
Following the rules and regulations regarding real estate transactions in Dubai is more important than anything else. Real estate agents in Dubai handle property transactions daily and are highly experienced with the regulatory side of the property buying process. Thus, working with a Dubai realtor will help you deal with and understand all the rules and regulations involved in buying property in Dubai.
6. Save yourself from paperwork
Besides the complexity of all the forms and documents that are required to be filled out, it also consumes lots of time and energy. This hassle can be avoided, and you can still get high-quality service by working with an agent. Dubai real estate agents are familiar with complex documents such as Proof of Income, Bank Statements, and No Objection Certificates (NOCs). Leaving this to a realtor could prevent much lost time and stress.
7. Experience and awareness
Finally, experience and awareness provide that final piece of confidence in the necessary process. Esteemed Dubai realtors, with years of experience with them, are skilled in preventing potential mistakes, avoiding real estate scams in Dubai, and handling unforeseen situations. Their ability to act quickly and do the right things in these situations is vital for big purchases like buying property.
How to choose a real estate agent in Dubai?
When choosing a real estate agent in Dubai, there are several things to consider. When checking whether a real estate agent is reliable, one thing to look at is reading about other people’s experiences with this real estate agent or agency. This usually gives reliable insights into people’s previous experiences, which is valuable information. Another, maybe excessive, but important factor to be sure of is checking if the agent has the proper license. In Dubai, this is called the RERA license. This can be easily checked on the RERA website (Dubai Real Estate Regulatory Agency).
Furthermore, aspects like experience and track records say a lot about how reliable and experienced a Dubai real estate agent is. Additionally, agents with impressive scoring records will possess a great deal of valuable insights and knowledge.
Finally, one’s communication skills should be paid close attention to. A Dubai agent will communicate with the seller or buyer on your behalf, and they also need to communicate well with their customer. So, always check if communication goes well from the beginning.
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Frequently Asked Questions (FAQs)
How much does a real estate agency cost in Dubai?
The costs of hiring a real estate agency in Dubai are generally 2% of the property’s sales value. A value-added tax is also levied on all sold properties and on the annual rent for commercial properties.
Is it worth doing real estate in Dubai?
It is worth doing real estate in Dubai because of its low property rates, high return on investment (ROI), and tax-friendly policies. Therefore, investing in real estate in Dubai can be considered a good choice.
What are the top 10 real estate companies in Dubai?
The top 10 real estate companies in Dubai are Emaar Properties, Nakheel, Dubai Properties, Meeras, Sobha Realty, DAMAC Properties, Meydan, Omniyat, Ellington Properties, and Nshama.
