How to own a golf villa in Dubai
Mon, 5 Feb 2018Living well starts with good choices, and living in Dubai's golf communities where fabulous fairways and clubhouse amenities are at your doorstep is the redefinition of luxury living. Setting a new standard for luxury golf course living, Dubai's golf communities features first-class golf villas that come either furnished or semi-furnished with modern, high-standard finishes and well-designed layouts.
Each villa offers owners the luxury of space, peace and privacy, all under one roof.
The emirate of Dubai is the home to many world-class golf communities that offers upscale villas offering luxury living, opulent amenities, and strategic location. If you are looking to own a golf villa in Dubai, then we advise you to check this article for it provides you with simple guidelines to owning your own golf villa in Dubai.
1- Find the right location
When you look for villas for sale in Dubai, you can find plenty of upscale residential developments that offer luxurious and elegant golf villas such as Emirates Hills, Arabian Ranches, The Lakes, Jumeirah Golf Estates, Victory Heights, Emirates Golf Club Villas, Mohammed Bin Rashid City and Dubai Hills.
The green fairways, luxurious clubhouses, and an enviable lifestyle are some of the finest aspects of living in one of these stunning villas surrounded by golf courses. These developments feature 4 bedroom villas, 5 bedroom villas, 6 bedroom villas and up to 10 bedroom villas to suit all families. Head for one of these projects and book your villa now.
2- Set your budget
Golf villas prices vary according to size, location among other criteria as well that every developer will inform you. To make any sort of real estate investment, sorting out your finances is the first step.
A 3 bedroom villa for instance in Dubai Hills that extends over an area of 3,100 square feet is for sale for 3,563,8888 AED, while a 7 bedroom villas in Emirates Hills is for sale for 69,999,000 AED. Small-scale investors are on a tighter budget than others, hence, it is wise to do a proper market research to know if your budget will fit what's on the market or not.
3- Get the help of a good property agent
Whether you decided to head straight to the developer or a brokerage company, make sure that you are working with a recognized name in the market. This is a huge investment, so you better make sure you are investing in the right place and with the right people.
Look for agents that have plenty of experience in the UAE real estate market such as Better Homes, Hamptons International among others. When making a purchase that huge, you need to have a reliable partner by your side.
4- Property Inspection
Dubai has many renowned property inspection companies that offer services such as analyzing and reporting on the physical condition of the property and making professional recommendations for repairs, replacements, upgrades, etc. Property investment comes with huge gains and losses, that is why resorting to such establishments will help you identify the real value of the property by carefully checking the property and making sure it adheres to codes and quality. Many online listings fail to show the inside space of a properties or miss to show them all; that is why you need to inspect the property well before sealing the deal.
5- Freehold areas
Foreigner investors living in the UAE and interested to invest in its real estate market are allowed to own properties in Dubai Freehold areas. In May 2002, the crown prince of Dubai, Sheikh Mohammed bin Rashid Al Maktoum, issued a decree allowing foreigners to buy property on freehold ownership. If you aren't sure about which areas you are allowed to own a golf villa in Dubai, consult with your agent and they will guide you to the areas you are allowed to buy a property in.
6- Get familiar with the legal steps
Whether you want to purchase off-plan, i.e., under-construction property from a developer, or opt for the secondary market or resale from an owner and/or an agent, you need to get familiar with all the legal steps needed to complete the purchase. For off-plan purchases, the buyer will submit an application form to the developer, which outlines the terms and conditions of the agreement and if the property isn't completed yet, then make sure the sales agreement includes the completion date. As for the secondary sale, the sale contract between the buyer and seller is registered with the DLD, outlining the terms and conditions of the agreement.
7- Title Deed Transfer
For off-plan property direct from the developer, title deeds are usually issued at the developer's office, whereas the resale of the off-plan property, the seller applies for a NOC from the developer. As for the secondary sale, if the buyer and seller are GCC nationals, The DLD conducts the transfers, others are done by a Real Estate Registration Trustee. All transfers are either held at the office of a Real Estate Registration Trustee or at the developer’s office. Upon obtaining the title deed, the buyer will get the property's keys and access cards to the new property.
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Jamie Moulton is a senior content curator at JustProperty.com, a leading real estate portal in the MENA region, headquartered in Dubai, UAE.
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