Real estate investments can be tricky, especially if you are an amateur buyer in a foreign country. We get it, you may not be aware of the knick-knacks and differentiate expensive properties from the affordable ones. But a real estate consultant can steer you towards a lucrative offer easily. If you are planning to move to Dubai or are already working there, getting a property is on top of your checklist. After all, everyone wants to own a long-term asset that looks beautiful and is fully functional. All you need is a reliable property consultant in Dubai who can guide you in making the right investment.
Dubai is magnificent, for sure. You have the skyscrapers, old souks, gold markets, and incredible shopping malls but also the luxurious areas offering the best homes and apartments. So the legitimate consultant will guide you every step of the way and understand the local market better than anyone.
But is every property consultant reliable? Maybe not. But there are ways you can definitely find the right ones. In this blog we have highlighted important traits that a professional property consultant must have to steer you towards your new dream house.
How to find legit real estate consultants in Dubai
Look out for RERA-qualified agents
Also known as the Real Estate Regulatory Authority (RERA) was formed by the Dubai Land Department to help you to shortlist a reliable property consultant in Dubai. Not only will you be able to find a legitimate agent, but the ones who are certified and practice brokerage. With their help your transactions will be properly maintained during an investment.
So, whether you are interested in a commercial space or want to rent or buy an apartment, a trustworthy real estate consultant will recommend the options that fit right in your pocket. But before you do this, make sure that the consultant or the agent has a valid RERA-approved card. Or you can also verify from the official website.
Verify credentials
The real estate brokerage license is not cheap. Therefore, you can check the registered agent’s name, company or even the BRN (Base Registration Number) on the RERA official website. It stores information on all certified and qualified agents. Also, the website offers useful insights and resources that can be used for educational purposes.
Besides, if you are looking at a real estate consultant in Dubai, ask about their area of expertise and specialization, their track record, and knowledge about the market. It’s better to find consultants who are familiar with your desired location.
Key traits you don’t want to miss in Dubai’s real estate consultant
Follow up with recommendations and reviews
A good word of mouth hardly lays you down. So asking a friend or a trusted colleague, you can ask for recommendations to look for a reliable consultant they are familiar with. You can find agents and consultants via Google Reviewed as well. Professional agents usually have a Facebook and even LinkedIn page, and you can review the testimonials of their satisfied clients.
Knowing that you are partnering up with someone a known acquaintance has worked with gives you the necessary peace of mind when your money is involved. You can prioritize a RERA-certified agent to be sure that whatever offer draw up is legit.
Sound communication skills
In a city like Dubai, where communities are divergent, a multilingual real estate consultant comes very handy to negotiate a good deal. A good real estate consultant is like a lawyer who has sway with words at the right moment and knows how to draw up the papers. Considered as one of the most important traits in a reliable real estate consultant.
Strong verbal and written communication indicates that the person has a clear understanding of the contract terms, market trends and understand the complexities of UAE property regulations. They can easily converse during in-person meetings, and convey their client desires.
If they actively listen to your concerns such as budgeting, then they will be able to accurately assess your needs and find a suitable property that you can benefit from.
Reliable negotiator and mediator
As a buyer you can easily be interested in a property that is out of your league. The role of the consultant is to haggle the price. Based on their technical competency they can spin a creative strategy to justify the pricing with the landlords.
Not only this but they can also handle buyer-seller conflicts, any loopholes in the contract or snagging issues before the deal is finalized. They can have the property upgrades, insurance or certain benefits included that can be of value to the client.
Legal competency
How well versed is the real estate consultant in legal and compliance protocol is crucial such as;
- RERA Compliance ensuring legal documentation meets the UAE standards.
- Ownership structures such as freehold vs leasehold zones
- Contract managements with understanding of memorandums, and escrow agreements
- Assiting clients with title deeds post-purchase
- Registration of tenancy contracts such as Ejari etc.
A truly reliable real estate consultant will be well aware about the UAE specific regulations to ensure they cover all legal grounds.
Market-based knowledge
While it important to have legal competency, the consultant needs to be aware about the local market trends. Dubai’s market is versatile and evolving fast which impacts factors such as seasonal trends.
Your consultant might know that Dubai Marina is an ideal expat hub, but he would also know which apartment building has the best amenities and maintenance record. So they should be able to configure down the price per square feet trend, rental raes, and historical record for the property you see potential in.
Plus, if you are looking at a developing property (currently under construction), the consultant should be able to analyze developer’s construction history, their repute in the market and the type of payment plan structure they have to offer.
Follow up with the keen eye
Finding the real estate consultant in dubai is all about choosing the right fit for you. You can rely on good recommendations at best or even use the local platforms that can help you shortlist good candidates in your proximity. Real estate market in Dubai is not cheap but it can be affordable if you know where to look at. And the real estate consultant, a legit one, can help you find it.
