Buy Apartment in Dubai From Bangladesh
Buying an apartment in Dubai from Bangladesh is an uncomplicated process, especially with the availability of online platforms and services. Here's a step-by-step guide to help you:
1. Research the Market
A. Property Websites: Use popular real estate websites like Bayut, Property Finder, Dubizzle, Realty Booker, and Just Property. These sites list available apartments in various price ranges and locations in Dubai.
B. Property Developers: Many real estate developers in Dubai, such as Azizi, Emaar, DAMAC, and Binghatti, have websites where you can browse properties and make purchases directly.
2. Get a Real Estate Agent or Broker
Consider hiring a real estate agent or Broker who specializes in international buyers. They can assist you with finding the right property, negotiating prices, and managing the paperwork to make it easy for you. Especially with real estate brokers, you will get all kinds of apartment news in Dubai very quickly.
Many agents work with overseas buyers and can help you communicate with developers and sellers via phone or video calls.
3. Check Legal Requirements
A. Eligibility for Foreigners: Foreigners like Bangladeshi can buy property in designated areas of Dubai (such as Downtown Dubai, Palm Jumeirah, and Dubai Marina). Ensure the property you are interested in is within one of these areas.
B. Property Ownership Laws: Understand the legal aspects, including registration fees, taxes, and other regulations. For example, you will need a UAE residence visa to purchase property in some areas.
4. Secure Financing
Mortgage Options: Foreigners can apply for mortgages in Dubai, but the down payment is typically higher than that of residents (around 20-30% of the property's value).
Personal Savings or Loans: If you have sufficient savings, you can make the payment ahead of time.
5. Choose a Payment Method
Payments can be made through international wire transfers. Ensure you understand the currency conversion rates and any transaction fees from your bank.
Some developers, such as Azizi and Binghatti, may also offer flexible payment plans for international buyers.
6. Sign the Agreement
Sale Agreement: Once you've decided on a property, the seller (or developer) will provide a sale agreement. Ensure you have a legal expert (preferably a lawyer) review the document before you sign.
Power of Attorney (if required): If you are unable to travel to Dubai, you can appoint a representative through a power of legal adviser to complete the formalities on your behalf.
7. Register the Property
Once the sale agreement is signed, you'll need to register the property with the Dubai Land Department (DLD). The registration process is often handled by a real estate agent or lawyer.
You'll also have to pay registration fees and any applicable taxes.
8. Finalize the Ownership
After registering the property and making payments, you'll receive the title deed, which officially makes you the owner of the apartment.
9. Maintain the Property
If you're not planning to live on the property, you'll need to manage the maintenance, utility payments, and other responsibilities. You can hire property management services for this.
Important Tips:
Legal Assistance: Hiring a lawyer familiar with UAE property law can help you avoid legal pitfalls.
Communication: Communicate clearly with the seller or agent, especially if you are dealing with a developer.
Visit Before Finalizing: Try to visit Dubai and inspect the property in person before finalizing the deal.
By following these steps, you can successfully purchase an apartment in Dubai from Bangladesh online; any Confutation or need Help, please get in touch with us at info@realtybooker.com or realtybooker@gmail.com or WhatsApp at +8801680292111
