For those seeking, the real estate sector in Dubai has opportunities for every kind. Buyers mostly prefer ready properties while investors are keen on investing their money on off-plan projects. Both have their own set of perks in this emirate. However, there’s another option you can go for you if you are planning to buy a property in Dubai. You can sort through offers for lands for sale in Dubaiand select the best out of the lot. It can prove to be a long-term profit-generating venture for you.
Due to the recent turn of events, more people, both locals and expats, have shown their keenness on buying land in Dubai. However, earlier, this opportunity was only available for UAE nationals. Only they could avail the offers for lands for salein this emirate. But the ownership laws in emirates in the UAE were amended by the authorities. This change led to not only GCC nationals but foreigners, too, becoming eligible to buy land in Dubai. This has helped to give a boost to the real estate sector. Builders and developers belonging to different nationalities can now buy land in Dubai and construct different developments.
Apart from investors, homebuyers can also choose from the best offers for lands for sale in Dubai. They can construct a property on the land in the later years. If you also intend to do so, bear in mind that you may have to follow some guidelines and restrictions vis-à-vis the type and architectural design of the property imposed by the authorities.
Popular Places for Lands for Sale in Dubai
Offers for lands for sale in Dubai are available in a lot of communities. However, expats can own land in only selected localities known as “freehold areas”.
Apart from this fact, a lot has to be taken into account when buying land in Dubai. First of all, the selection of the right location holds great importance. See that the area you have selected lies close to the central city and has new developments located nearby. It should be well-connected as well.
Other than that, the budget plays a vital role in the selection of the area as well. You may find land in some areas at lower rates as compared to others.
Here are some options for you to find lands for sale in Dubai:
Price trends for lands for sale in Dubai keep varying with regards to the condition of the real estate sector in the emirate. Numerous other factors also come into play. For instance, location plays a major role in determining the price of land. If it is located in a prominent area such as Dubai Marina, Dubailand or Jumeirah, the prices are going to be on the higher side. Other than that, the area it covers also impacts the price.
The price of land is also impacted by nearby facilities and developments.
Steps to Buy a Land in Dubai
Take a look at some of the steps you need to go through in order to buy land in Dubai:
The process should start with finalising important details related to your requirement. To put it simply, make a list of areas you see the potential for the land. Furthermore, also decide the size of the land you want to buy. Set an upper and lower budget limit as well.
Once you have finalised other details, start viewing listings for lands for sale in Dubai. Visit Zoom Property’s portal as you can find the best listings for lands available in every part of the emirate. If you want shortlisted results, you can apply different filters available at the portal.
The next step is to visit selected lands. Bear in mind that lands are areas with no construction at all. However, it is important to visit it so that you have a look at the area and nearby facilities.
Do not finalise an offer for land for sale until you have verified details. It can land you in troubled waters in the later stages. Ask the developer/owner to show you the title deed and other essential documents. You must also verify the ownership of land on the DLD portal.
This is the final step. You have to reserve the land under your name and for this, an agreement is signed. You also need to have your emirates ID along with your passport and other important documents to complete the proceedings.