Due diligence for homebuyers

Buying a property can be expensive and stressful. You need to consider what your current financial commitments are and what you can afford towards a property. Costs to consider are fees for agency, legal, land transfer, life insurance, building insurance and other miscellaneous fees. Ongoing monthly payments to consider are property payments in case of payment plan, utility bills and service charges. Also keep in mind repair and maintenance costs, which are usually higher for villas and townhouses compared with apartments.

Once you are aware of the financial commitments, it’s time to decide on the type of property. Your decision can be based on your personal preferences or practicalities. If you are single occupier, a studio apartment may be suitable, while a family of four is typically better suited in a villa or townhouse.


Location is one of the most influential factors when buying a property. Whether in the city, suburbs or outer suburbs, Dubai has the right spot for you. An apartment in the city close to social venues, amenities and work, the so called city life, is favoured by urbanites. Suburban communities some distance from the city centre commonly offer bigger parks, recreational facilities, schools, shopping centres and medical centres within the development. These communities tend to have a more relaxed environment, suited to people trying to escape the hustle and bustle of city life.

Know the market

Know the market you are buying into. You don’t want to buy a property for more than its actual market price. Review online property portals, check transaction records on the Dubai Land Department website and speak to respected agents who specialise in an area of your interest.

For a more accurate assessment of market value, a Real Estate Regulatory Agency-registered valuer who is also a qualified valuer of the Royal Institution of Chartered Surveyors (Rics) should be appointed to provide an independent opinion.

View the property

Surprisingly, there are still purchasers who do not care to view or inspect the property. Viewing and inspecting a property provides a better understanding of the layout, condition and surrounding areas of the property, and helps identify possible hazards, such as an electric sub-station, telephone masts or a construction site. A valuer’s report will include an inspection of the property.

Check documents

The pertinent documents must also be reviewed with a legal representative, conveyancer or agent. Pore over the property’s title deed (in Dubai) or ownership deed (Abu Dhabi), which will confirm the address and the owner’s name along with other salient details. There should also be a no-objection certificate (NOC) from the developer confirming approval for upgrades or alterations to the property, if you suspect such action has taken place. Other documents to review would be the latest service charge and utility bill receipts. If the property does not have any relevant NOC or if service charges are not paid, the developer can fine the owner or even block the sale.

Source: Gulf News, 2018

Contact Elite

To learn more about why purchasing property in Dubai is a great investment, contact Elite or at 042452300. One of our representatives will contact you within 48 hours.


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About Elite City

Elite been developing residential projects in the UAE for the past decade. With ten residential towers successfully completed we have handed over 3,500 apartments to our customers.

Ten Completed Towers
3,500 Occupied Apartments
3 Billion AED Elite Stock Sold
Leading Independently Financed Developer