How your down payment could jump 7.5%, 3 words to delete from your MOU, 4 tricks real estate agents use to fool clients, and 61 questions to ask the current owner. With every part of the buying process fully laid out, from finding a property, to securing a mortgage, to registering the title deed, B.I.D. explains concepts unique to the region (e.g. murabaha, ejari, and takaful), reveals what’s up for negotiation (e.g. broker rates), and suggests what to watch out for. Including an up-to-date list of freehold communities and links to property search, government info, and recommended sites, Buy in Dubai offers the most detailed info on the 'net and is a must for any property buyer in Dubai.
Buy in Dubai Table of Contents
Prepare For Negotiation
Part I: Finding A Property
Location, Location, Developer
A List Of Freehold Areas In Dubai
On Plan Or Off Plan?
Freehold Or Leasehold?
Hotel Apartments
Websites To Help With Your Search
Contacting Real Estate Agents To View A Property
Cash Or Finance?
What To Ask (The Realtor, The Owner, The Current Tenant, And/ Or The Developer)
What Realtor Stories Will You Collect?
Part II: Securing A Mortgage
Understanding Mortgages
Minimum Legal Requirements For A Mortgage (A.K.A. Home Loan)
Islamic Or Western Bank?
Mortgage Brokers
What Is The Difference Between Preapproval And Approval?
Getting Preapproval (Using A Mortgage Broker)
An Example List Of Typical Terms Of A Bank Preapproval
What Is The EIBOR Rate?
Part III: The Purchase
A List Of Common Initial Purchasing Fees
Calculating Your Monthly Budget
Calculating Your Monthly Mortgage Payment
Sending Money To Dubai
Things To Watch Out For In The Memorandum of Understanding (MOU)
Finalising Your Mortgage
Transferring The Title Deed
Part IV: Post Purchase
Your Title Deed
If You Have A Tenant In Your New Property
Registering With DEWA
An Online Record Of Your Purchase
Moving (Shifting)
About The Author
Any questions - Please email the author: davidkurtpenner@gmail.com
Buy in Dubai Table of Contents
Prepare For Negotiation
Part I: Finding A Property
Location, Location, Developer
A List Of Freehold Areas In Dubai
On Plan Or Off Plan?
Freehold Or Leasehold?
Hotel Apartments
Websites To Help With Your Search
Contacting Real Estate Agents To View A Property
Cash Or Finance?
What To Ask (The Realtor, The Owner, The Current Tenant, And/ Or The Developer)
What Realtor Stories Will You Collect?
Part II: Securing A Mortgage
Understanding Mortgages
Minimum Legal Requirements For A Mortgage (A.K.A. Home Loan)
Islamic Or Western Bank?
Mortgage Brokers
What Is The Difference Between Preapproval And Approval?
Getting Preapproval (Using A Mortgage Broker)
An Example List Of Typical Terms Of A Bank Preapproval
What Is The EIBOR Rate?
Part III: The Purchase
A List Of Common Initial Purchasing Fees
Calculating Your Monthly Budget
Calculating Your Monthly Mortgage Payment
Sending Money To Dubai
Things To Watch Out For In The Memorandum of Understanding (MOU)
Finalising Your Mortgage
Transferring The Title Deed
Part IV: Post Purchase
Your Title Deed
If You Have A Tenant In Your New Property
Registering With DEWA
An Online Record Of Your Purchase
Moving (Shifting)
About The Author
Any questions - Please email the author: davidkurtpenner@gmail.com
