Frequently Asked Questions

by Al Zaman Properties Dubai

Question about Selling

With its breathtaking skyline, opulent homes, and energetic lifestyle, Dubai has long been a sought-after location for both real estate investors and homeowners. People from all over the world have been enticed to invest in residential properties by the city’s rapid development and economic prosperity.
However, just like any other real estate market, investors and potential buyers have a legitimate fear about whether a home in Dubai can lose value. The
article will explore all the factors that may affect Dubai property values and shed light on the potential for depreciation.

Market Fluctuations:
The real estate market in Dubai is dynamic and prone to changes brought on by numerous economic variables. Events on a local and global scale, modifications to governmental regulations, and variations in the price of oil can have an impact on the supply and demand for real estate,

which in turn can affect property values. Dubai has grown significantly over the years, but it is not exempt from market corrections, which might result in short-term depreciation.

The oversupply in the real estate market in Dubai, particularly in some segments, is one of its problems. There may be an oversupply of properties if development and building pick up speed too quickly relative to demand. In these circumstances, prices can drop because of heightened seller rivalry. The government of Dubai has, however, taken steps to address this problem and stabilize the market.

Economic Factors:
Property values are significantly influenced by Dubai’s economy. Consumer confidence can be impacted by economic downturns or recessions, which can also cause a drop in property values. On the other hand, a booming economy draws foreigners and investors, increasing housing demand and boosting property values.

A property’s location continues to be a key factor in determining its value. Properties in prestigious locations with superior infrastructure, close access to important monuments, and desirable amenities typically retain their value better than those in less desirable locations. Homebuyers and investors will frequently pay more for homes in desirable areas, reducing the risk of depreciation.

Infrastructure and Development:
Property values are positively impacted by Dubai’s dedication to advancing sustainable development and infrastructure. Significant infrastructure developments, such new roads, schools, and recreation centers, increase an area’s likelihood of appreciation rather than depreciation.

The decision to purchase a new or an older property in Dubai depends on personal tastes, lifestyle, and financial constraints. While new homes provide the newest amenities and building standards, older homes offer cost savings, charm, and well-established neighborhoods. In the end, a home’s worth is determined by how well it meets the wants and preferences of the buyer. Before making a well-informed choice, potential purchasers must do extensive research, seek the advice of respected real estate brokers, and carefully analyze the advantages and disadvantages of both possibilities.

The housing options available in Dubai’s real estate market are various, ranging from magnificent modern constructions to more established, older homes. Whether an older property could have as good of a value as a new one is a crucial question for investors and homebuyers. We will examine the benefits and
drawbacks of both older and newer residences in Dubai in this post to assist readers in making decisions based on their tastes and needs.

Cost and Pricing:
Older homes in Dubai have a variety of benefits, one of which is that they are less expensive than freshly built residences. Older houses might have been up for sale for a while, giving prospective buyers more negotiating power. The price of land and building supplies has also increased over time, which has further raised the cost of new homes. Older properties may provide better value for purchasers looking for affordability.

Location and Established Communities:
Older homes tend to be found in well-established neighborhoods with developed infrastructure, amenities, and lush landscapes. These areas could have a more established way of life and a greater feeling of community. In addition, they are closer to important monuments, educational institutions, and retail establishments, which makes them a desirable choice for households and single people looking for convenience.

Maintenance and Renovation:
Older homes may need some upkeep and remodeling to keep up with modern trends and technological breakthroughs, even while newer homes are built with contemporary conveniences and energy-efficient features. However, spending money on improvements may increase the worth and usefulness of an older house and enable owners to customize their space to their tastes.

Quality of Construction:
The latest building practices and technological advances are regularly employed to create new residences in Dubai, improving both their structural stability and energy efficiency. On the other side, older homes can have been built using outdated techniques and materials, necessitating routine inspections and maintenance.

Developer Reputation:
The reputation of the developer must be thoroughly investigated by anybody thinking about buying a new house in Dubai. Established and respected developers are more likely to provide homeowners with peace of mind by producing high-quality residences with first-rate after-sales services.

A licensed professional who assists transactions involving the purchase, sale, or rental of real estate is known as a real estate agent or real estate consultant. Brokers aid customers in navigating the difficult real estate market by acting as go-betweens for buyers, sellers, landlords, and tenants.

The following are some of the main duties and functions of a broker in Dubai real estate:
  • Property Listing and Marketing
  • Buyer/Tenant Representation
  • Property Viewings
  • Negotiation
  • Documentation and Contracts
  • Market Knowledge
  • Liaison with Developers
  • Guidance and Advice
  • After-Sales Support
Real estate brokers in Dubai are required to register with and obtain a license from the Dubai Real Estate Regulatory Agency (RERA). A RERA license requires the holder to fulfill certain requirements, finish training programs, and maintain professional and ethical standards.
Engaging a professional and licensed broker may be beneficial whether you are a buyer, seller, landlord, or renter since they offer expertise, market information, and a simple method for navigating the Dubai real estate market.



A number of factors, including the kind of loan, the lender, the applicant’s financial status, and the complex nature of the transaction, might affect how long the loan procedure takes in Dubai. In Dubai, the loan application procedure often takes a few days to several weeks. The typical steps involved are broken out below along with the approximate times for each:

Application and Documentation Gathering:

Filling out the loan application and compiling all required paperwork, including identity documents, income evidence, bank statements, and property-related paperwork, are the first two steps. Depending on the applicant’s readiness and the availability of necessary papers, this process may take a few days to a week.



The lender will assess the applicant’s eligibility for the loan after receiving the application and any supporting documentation. Depending on the internal procedures of the lender, pre-approval can often be granted within a few days.



Property Valuation and Legal Checks:
To determine the market worth of a property for mortgage loans, the lender will undertake a property valuation. To confirm the title of the property and the existence of any liens, legal investigations are also carried out. Depending on where the property is located and how complicated it is, this stage might take a week or longer.

Loan Approval and Offer Letter:

The lender will go on with the loan approval procedure after finishing the appraisal and legal checks. They will publish an offer letter outlining the loan’s terms and conditions when it has been approved. This process usually requires a few days.

Signing the Loan Agreement:

The loan agreement will be signed by the applicant when they have received the offer letter and accepted its conditions. The time it takes to sign the contract varies on who is available when, but it usually takes a week.

Disbursement and Property Transfer:

The loan proceeds are given to the seller (in the case of a property purchase) and ownership of the property is transferred as the last stage. The completion of this procedure may take a few days.
Overall, depending on a number of factors, the loan application procedure in Dubai can be finished in 2 to 6 weeks. To speed up the process, borrowers must collaborate closely with their preferred lender, immediately deliver all required papers, and keep themselves updated on the status of their loan application. Working with a trustworthy mortgage broker or advisor may also speed up the procedure and guarantee a simple loan application process.

Question about Renting

In order to make a knowledgeable decision and comprehend the terms of the rental agreement, it is crucial to ask numerous questions before renting a house in Dubai’s real estate market. Here are some crucial inquiries to make:
Ask about the property’s monthly or yearly rental cost as well as any other costs or fees, such as security deposits, agency fees, or maintenance costs.
Inquire about the utilities and services, such as water, power, internet, and maintenance, that are included in the rent. Specify who is responsible for covering these costs: the landlord or the renter.
Especially if you want to rent for a lengthy period, find out whether there is opportunity for negotiation on the rental price or other circumstances.

To what extent the property is furnished—completely, partially, or not at all—should be determined. You may prepare for any additional furniture or household things you might need to bring by being informed about this information.

Ask your agent about the lease’s length, renewal terms, and any early termination fees or restrictions.
For the payment terms inquire about the chosen payment schedule and manner, such as quarterly or monthly installments. Make sure the payment conditions are compatible with your resources.

Find out who to contact and how to report maintenance issues or other issues if the property is maintained by a real estate firm or a third party contractor.


Ask about the security deposit amount and the terms under which it will be reimbursed at the conclusion of the lease.

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