It can be challenging and time-consuming to sell a home, particularly if the local real estate market is already oversaturated or overpopulate. These may be a few of the reasons for why real estate brokers and sellers promote their homes and properties to foreign purchasers. Selling abroad broadens your network and market, and it may even increase the price you receive for your property above what local buyers are willing to offer.
However, the majority of sellers believe that selling abroad is challenging. But thanks to modern technology and a variety of communication channels, selling your home abroad isn’t as challenging as it formerly was.
Take Location into Account
The first guideline for assuring higher returns on an overseas property is to purchase it in the ideal area. Before making an investment decision in the emirate, investors should take the location into account because it affects the amenities that are available close to the property.
For instance, some of the top areas in Dubai are close to businesses, tourist attractions, and commercial centers. In this sense, regions like Dubai Marina, which provide freehold properties in the UAE that foreigners can acquire, spring to mind as profitable destinations.
Choose the right Agent
You can do a number of things to make sure you’re receiving an excellent real estate bargain with sizable profits. Talking to the appropriate real estate agents in Dubai and networking are two of the most efficient methods. You might locate the ideal property at the ideal price if you know the right people. As an overseas investor, you might not be aware of the fact that it may assist you find a home in a neighborhood with a history of good tenants. So, spend some time looking up your agent’s background and asking friends for referrals.
Selecting property management companies
It can be a daunting task to maintain multiple properties, much alone a single one, like an apartment building. This is especially true for foreign investors who are unable to monitor the properties in person. As a result, the majority of foreign purchasers turn to trustworthy Dubai real estate agencies to take care of paperwork and other needs.
Naturally, selecting the best service is just as crucial as not using one at all. In light of this, the following considerations should be made by investors when selecting a property management company to look after their interests in Dubai.
Next Level Real Estate is one of the best agencies in Dubai, who have the knowledge and insight of all kinds of property in Dubai.
Also Real this: Five Simple Strategies for Investing in Real Estate
Post to websites for online advertisements.
There is strength in the Internet, and potential customers frequently check for online sources. Advertise your property on multiple classified websites. Exposing your property online as much as you can almost always yields favorable feedback because there’s a good probability that someone from another country is specifically looking for properties in the US.
Don’t forget to include as many photographs as you can and to include the essential details directly in the advertisement. Be aware that foreigners may anticipate that your home will be sell with or without furniture and other appliances owing to cultural differences. Giving potential buyers all the information they require can help them evaluate whether or not your residence is a good fit for them.
Share on Social Media Platforms
With the power of social media networks nowadays, even if you don’t have any close friends or ties abroad. There’s a chance that one of your friends does. Post about the property as much as you can by sharing property pictures, insights and all the relevant details. Excite the customers by sharing virtual tours of the residence. You can even put a sponsored ad that exposes the property to potential foreign investors around the world. This way, someone who is located anywhere in the world can be interest in buying a house in the UAE.
Getting rid of Investment Legalities
When buying homes in Dubai, investors must contend with a number of complex real estate legalities. Take EJARI, for instance, which might be challenging for foreign investors or expats who are unfamiliar with it. EJARI, which in Arabic means “my rent,” is a government-run program that controls all lease agreements in Dubai.
All tenancy agreements in Dubai must be record electronically using the EJARI portal in accordance with UAE law. All private rental agreements in the emirate must be written in a manner that has been approve by the government and be enforceable, according to the service’s mandate.
Therefore, a seasoned international real estate agency with direct access to EJARI registration resources might be a blessing for foreign investors.
Apply “home staging”
This is the method to use while leaving your luxury apartments for sale in Dubai. Keep your apartment spotless so that potential purchasers would find it an attractive property. Remember that a customer’s first impression is very important. Home staging entails not only thoroughly cleaning the floors, walls, ceilings, etc., but also getting rid of everything that can obstruct the sale and even adding things that might facilitate your purchase.
Foreign investors come from a variety of backgrounds and cultures, so it is practically necessary for you to create an interior environment that is as rejection-free as possible. You must fully comprehend that the house you wish to sell is no longer your apartment but rather a product that has been place on the market, to be sold.
Utilize “sensory marketing.”
Attracting clients by appealing to their senses. This is the goal of sensory marketing, which is starting to be used in the buying and selling of homes and aims to produce experiences. Sensory marketing uses sight, touch, sound, scent, and excitement as a sales strategy. This tactic disproves the notion that a prospective apartment buyer will simply look at pricing or quality when making a decision.
If you want to utilize sensory marketing to promote affordable or luxury apartments for sale in Dubai. You can do so by creating a welcoming environment. Place textile pieces (such as cushions, rugs, curtains, etc). That draw attention, provide scents to the rooms of the house, or add textures that attract you to touch them. If you are aware of the client’s preferences. Before they visit your property, you can even personalize it to fit their needs.
At Next Level Real Estate we are professional in the real estate market in Dubai. We have the affordable as well as luxury apartments for sale in Dubai, in the best communities, at the best prices. Get in touch with us if you want to sell an apartment. If you’re a foreign investor looking to make a profitable property purchase.
