Your Ultimate Guide to Finding the Perfect Apartment in Dubai


Home to several attractions and world-class residential developments, Dubai has become a preferred choice for many expats looking for a second home. The emirate offers a lavish lifestyle and abundant opportunities to grow and prosper as a professional and entrepreneur. A tax-free environment, enhanced safety and security, an upscale lifestyle are other major reasons that attract a lot of people to Dubai.

The biggest challenge as an expat you will face in Dubai, once you have moved here, is to find the right apartment that’s easy on your budget and offers the maximum utility. Now, there are different types of apartments to choose from, available in varying configurations and layouts. Some of them are nested in waterfront developments that are known for their stunning architecture, scenic views and modern interiors.

With so many options available, it can be tough to choose the right one. To help you with this, we have come up with a comprehensive apartment buying guide in Dubai. 

Continue reading to know more!

Set a Budget

Let’s start with the most clichéd advice. You need to set a budget when selecting an apartment. Whether you intend to buy or rent one, this step holds crucial importance. Take various factors into consideration when setting the budget. These include your monthly income, savings, lending capacity and, most importantly, how much you’re willing to spend on the apartment.

If you are buying an apartment, you will most probably have to apply for a home mortgage loan for this purpose. Make sure you start planning for it in the earliest stages. The sooner you do it, the better it is because the application may take some time to approve. The bank will take various factors into consideration, including your employment status, credit score and history, the ability to repay the loan, etc. during the application review process.

After your loan has been approved, you will get a pre-approval letter, which you can then use for your apartment hunt. This letter also mentions the maximum amount a bank can lend you. This way, you will have a better idea when setting the budget.  

Finalise a Location

This is another important step and requires a lot of consideration and deliberation. It doesn’t matter if you’re looking for an apartment to buy or a rental unit, you need to choose the location wisely.

Ideally, it should be well-connected and located close to the city centre. This way, you will be able to have convenient access to various facilities, including public transport. Also, make sure that the apartment is located close to your workplace. This will help avoid commutation hassles.

Now, the tricky part here is that apartments located within the city centre can be very expensive, both in case of rent and buy. If you’re renting one, you will have to allocate a major portion of your monthly income to pay the rent. And in case of buying one, you would need to get a huge loan along with using all of your savings. The latter is a mistake you shouldn’t make. Always keep some amount separate for the rainy day.

If you’re facing budget constraints and cannot find an apartment near the city centre, you can look for developments located at a distance as they are relatively affordable. You can also opt for off-plan properties. However, you will have to wait for its completion before you could shift in it. If you are willing to do so, you can choose Stella Maris tower located in Dubai Marina. It holds great prospects because of its ideal location. The project will be ready in Q2, 2022. This means that the waiting period isn’t quite long either.

Those buying an apartment in Dubai must know that expats can only do so in selective communities, known as freehold areas. However, you can lease or rent a property anywhere in the emirate without any issue.

Know About the Actual Cost

This is applicable both when you’re buying and renting. The amount advertised may not be the actual cost. There are so many other expenses associated when buying or renting a property in Dubai.  Some of these are agent’s commission, DLD registration, tenancy contract registration, title deed registration, etc. You need to take them into account before finalising your decision.  

Lastly, you should know about the complete property buying and renting process, depending on your requirements. Get expert help if you’re new to this city as they can guide you in a better way, apart from giving you key market insights. 


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