Property Prices in Dubai Market and the Prospects for Future

Dubai is famous for various reasons be it food, employment opportunities and much more. However the focus of this piece of writing would be the property industry of Dubai. This industry has a lot to offer to investors as well as those who want to have a home of their own. Every year thousands of immigrants come here to settle and find work. They require residence which is costly for them because many of the workers belong to some third world countries. Such people usually acquire some blue collar jobs because they come here with the purpose of work, earn and study. They have to manage their life in a way that they need to work and then study while at the same time they are required to send some of their savings on a monthly basis to their families back home.

Apartments for sale in Dubai can be obtained by following usual payment terms. Initially a deposit is submitted by the buyer to the bank account of the seller. This deposit amount represents some ten percent of the price agreed between the buyer and the seller. The remaining amount is paid in lump sum at the time the property is transferred to the buyer. The possession to the buyer is only made once all the money is deposited in the account of the seller. The focus of this piece of writing would be the property industry of Dubai. This industry has a lot to offer to investors as well as those who want to have a home of their own. Every year thousands of immigrants come here to settle and find work. The buyer must also make sure that the property documents as shown by the seller are genuine. This requires getting it checked from the regulatory authority that governs the sale and purchase transaction. The buyer must also ensure that the property has no obvious flaw or fault that would require some huge amount of capital to spend. The seller must ensure that the buyer has the potential to make payments on the nail as per the agreed schedule for payments. The seller usually has no such risks because they are getting the money and paying it. The seller however must make sure that the final payment should be received before handing over the property to the buyer. This means that before the day the formalities are completed for the submission of documents to register the deal, the seller must be fully satisfied that the buyer would make payments accordingly. The seller must obtain copies of pay orders a day and get it verified just hours before finalizing the deal. The pay orders are verified from contacting the bank where the account of the buyer is maintained. This might require permission from the buyer which should also be taken in advance.

Dubai property market is again showing good prospects. The market is again getting full momentum as more and more investors are showing interests in getting some stake in it. This is a positive sign as property industry affects other businesses as well and when the business in properties is going well, it is expected that all other businesses would be going well too.

Glance at Best Real Estate Service providers in United Arab Emirates

At one side of the fence, we have people with ownership of property which they want to dispose off. On the other side, we have a bunch of people who are in search of a property to dwell. There must be some way these two groups of people are linked together so that both parties can have their purpose fulfilled. This role is performed by real estate companies who serves both such parties and in consideration of their services, obtain a certain amount named as commission. This amount of remuneration to estate agents is calculated by applying some agreed upon percentage to the amount finalized as the transaction cost i.e. the amount that the purchaser has agreed to pay to the seller in order to get the possession of the property transferred in their name.

Real Estate Companies in Dubai are flourishing since the business here is developing by leaps and bounds. Some of the companies that are famous and well recognized with strong positive goodwill capture the attraction of the customers. The companies are included in a list prepared by some rating agency in Dubai. They have prepared a list of top five companies in Dubai that are best real estate agents. They are not described in any order of preference. Axiom estate is one of these top five companies which aim for customer satisfaction. Then there is a company with the name 21 Century properties which have a strong customer base. Hamptons International is also well known and involved in striking major agreements of property transfers in Dubai. The next two companies to follow are Coldwell Banker and Halcon Real Estate LLC which always assist their customers in finding a home of their dream. All these companies are highly reputable and those who have had dealings with any of them hold immense respect and admiration.