How to Choose Property in Developing Neighborhoods in Dubai: A Comprehensive Guide

Dubai, one of the fastest growing cities in the world, constantly introduces new neighborhoods and communities with impressive infrastructure, abundant amenities, and unique architectural styles. With so many options available, it can be overwhelming to find your ideal high-quality new project or off-plan property. In this comprehensive guide, our experts at Maison LGH, including senior real estate expert Aram Grigoryan, will provide valuable insights to help you make an informed decision.

Choosing a Property Concept and Agent:
When selecting a property, it is crucial to consider the concept of location development. Opting for a housing option in a large development project, rather than a standalone building, is recommended. Additionally, it is essential to work with a reliable developer known for their successful projects and excellent reputation. At Maison LGH, we believe in the importance of partnering with professional consultants from a real estate agency instead of relying on developer representatives who may have biases due to their association with specific developers. Our aim is to prioritize your interests and find the property that aligns with your requirements.

Investing in Dubai:
Investing in property in Dubai offers several advantages. The city boasts a stable economy, rising housing prices, and the opportunity to obtain a UAE residence visa, which brings numerous benefits for residents and their families. Access to quality healthcare, education, and simplified visa processes for other countries are just a few of the perks associated with UAE residency. Moreover, in a time when inflation rates are high in many countries, real estate in Dubai serves as a secure asset. By purchasing a home during the early stages of construction, you can lock in the price of the property, which will be ready to move into within 3-5 years, making it an attractive option for conservative investment strategies.

Off-Plan Property: The Optimal Strategy:
According to Aram Grigoryan, the status of a property is not the primary factor to consider when evaluating long-term construction projects in Dubai. It is crucial to understand that high demand for a project does not guarantee its quality. Developers may employ strategies such as withholding information about the final number of units to artificially stimulate demand. Therefore, it is advisable not to rush into buying the first option available solely based on high sales figures. Instead, always consider your own goals, opportunities, and conduct thorough research.

Choosing Less-Developed Areas: What to Pay Attention To:
Location plays a vital role in the real estate market, as noted by Aram Grigoryan. While some communities may be distant from the city center, even affordable prices may not compensate for the lack of demand for properties in such areas. However, there are cases where previously less-developed areas have witnessed the emergence of successful autonomous communities with well-established infrastructure and attractive amenities. Therefore, it is essential to consider additional factors such as nearby attractions, unique views, and the reputation of the developer.

Conclusion:
If you’re planning to buy an off-plan or finished property in Dubai and want to make the right choice, Maison LGH is here to help. Our experienced specialists will guide you through the buying process, assist in choosing the perfect buy-to-let or buy-to-live property that suits your needs, and take care of all the necessary paperwork. Trust Maison LGH for expert advice and seamless real estate transactions in Dubai.