How to select the right real estate agency in Dubai for investments ?

If you are reading this, then you probably want to invest in Dubai or decide which property to purchase in Dubai. It could be a difficult decision to make if you are just starting out in the Dubai real estate market. Then let us help you in making that decision properly without any confusion.

Correct Steps that you need to follow in the Dubai real estate market.

The most important first step is starting with deciding what type of property you want to purchase in Dubai, it could be for your personal use or it could be for a long term investment where you are looking to get a certain amount of ROI in your investments over the years. So let me break it down for you. Dubai real estate opportunity can be divided into 4 types which are as follows:

Ready

Off Plan properties

Commercial Real Estate

Rentals

You can understand about these property types in detail in our blogs section.

Now after you have decided the type of property you want to purchase, you can move ahead with selecting the right agency that will help you decide which property you should buy and how much investment you will need to make so that you can start getting ROI (Return On Investments). But here is the reality of the Dubai real estate market; the developers develop the properties and the agency sells them and most of the Real Estate agencies are focused only on selling the properties to their clients.

To help you better understand the most common problems that a new investor faces while investing in Dubai are listed below:

Selecting the wrong area – Most newcomers invest in wrong areas where ROI is not good and they make the mistake of using the media coverage as the basis for making investments.
Managing the property independently- Early or new investors tend to focus only on saving the cost of property management and end up managing everything by themselves. But cleaning, security and maintenance is a different job and if done incorrectly then the property value will be affected.
Not adding the indirect expenses – Investors tend to ignore the cost of making an investment which is the cost of paper works and other mandatory expenses by the government. You can understand more about the paperwork or indirect costs in our FAQs sections.
Lack of long term plan – Most investors only focus on short term rental investments but you should always think about making long term decisions about what the area will look like after 3-4 years and what are the future plans of the government.

So now that you have understood what problems you can face in the Dubai real estate market, you can now avoid these mistakes before investing.

The second part is deciding which agency you should choose for making that purchase in the market. Follow these steps to select a right agency for your investments:

Create a goal – Decide the objective of your investment i.e. long term or short term
Create a list of agencies you are interested in working with
Verifying the agency legitimacy– You should verify the agency details whether they are registered with the UAE government. Verify a few licences which are DIFC (Dubai International Financial Centre) and RERA (Real Estate Regulatory Agency).
Market knowledge and track record – Once you have checked the above steps, you should now check the knowledge and track record of the agencies by scheduling calls with them and knowing about their past clients and getting feedback from them. Also you can connect with your network to find out about the agency track record.
Be transparent and communicate your goals – You should always be transparent with your agents so that they can understand the purpose of your investments and also explain to you clearly about the expenses, payment plans and other details that you would like to know.
Make the purchase – Now that you have a clear understanding about the investment you are going to make, you can start with the purchase process.
After sales support – This is the most important part of your investment plan, once you have purchased a property, you might not want to stay in Dubai then how should you manage your properties and how you can complete the process of purchase even from different countries or if you are planning to settle in Dubai what are the cultural norms and what are the local places and applications and process that you need to follow or it could be small as how to find a cleaner. These are a few things which you will need to take care of after buying a property.

Most of the agencies do not support after sales service. This is where Pera Real Estate comes into action, we provide you with additional services which no one is offering in Dubai. This unique approach has helped our clients to move and settle in Dubai and even manage their properties from abroad without any worry. We have launched this unique service as a VIP package which means this package is for the few who are willing to make an investment without any trouble of involving themselves in operation. We take care of every step and keep you updated on each step. Check out our VIP package brochure to understand the services we offer.

Conclusion:

All in all now you have a good idea on how to select the right agency for your goal. And even if this is your first time investing in Dubai Real Estate, we can assure you that there is always profit to be made in Dubai real estate, this market is booming in Dubai and with ever growing market there is always money to be made. You only need to select the right agency and grow with the real estate market. Visit our website now to contact us to book a free evaluation or consultation session.