EXPLAINER: Buying a home in Dubai’s buoyant property market – all you need to know

EXPLAINER: Buying a home in Dubai’s buoyant property market – all you need to know

As residential rents soar across the Dubai, the emirate’s buoyant property market is leaving many to consider taking the plunge to buy rather face annual rental hikes.

As Al Arabiya English reported this week, landlords who have been in a downward market for a long time are looking to capitalize on thriving market conditions and hiking rents during renewals – in some areas by as much as 40 percent.

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While some are downsizing and moving to further-to-reach more affordable areas, there is also a surge in interest in residents laying down their roots and snapping up homes in the emirate.

November alone saw a surge in property sales transactions, Property Finder revealed this week, accounting for more than 10,000 transactions for the first time in years.

But buying a property can a complex exercise and first-time home buyers can be overwhelmed by the choice of properties on the market.

Harry Tregoning, of Dubai-based property company Tregoning Property, told Al Arabiya English that there are certain steps that residents should follow.

Pick your location

Like every major city Dubai has many districts and these are pretty diverse. “It is important to narrow down what