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Dubai City View

Frequently Asked Questions

  • What makes investing in off-plan properties attractive?
    Investing in off-plan properties in Dubai promises substantial capital appreciation, often exceeding 6 to 8 %. Buyers enjoy flexible payment plans, with a down payment of 10 to 20 % and construction-linked installments. Some real estate developers also offer incentives such as discounts and fee waivers, making property acquisition more cost-effective. Post-handover payment plans offer extended payment periods and interest-free options, providing added financial flexibility in property ownership.
  • Can you obtain residency by purchasing property?
    Yes, acquiring property in Dubai can lead to obtaining residency in the United Arab Emirates. If you purchase property in Dubai worth at least 2 million AED, you can apply for a Golden Visa. This visa is typically valid for up to 10 years and can be renewed as long as you maintain ownership. It allows you to reside in the UAE and enjoy certain benefits as an investor visa holder. Furthermore, a Golden Visa has specific requirements regarding property value, type of ownership, and potential other investments or business activities that need to be fulfilled to be considered for residency in the UAE.
  • What is the expected rental yield?
    The expected rental yield in Dubai varies depending on the location, type, and condition of the property. Generally, rental yields are around 6 to 8 %, and they can be even higher in certain development areas.
  • Why should one invest in Dubai Real Estate?
    Whether as an investment or to live in yourself, real estate in Dubai is in demand like never before. Investors appreciate the potentially high returns from 6 to 8 % in Dubai, while residents enjoy the year-round good weather and fantastic living conditions – like modern infrastructure, excellent educational and healthcare institutions, and high security standards. The growing economy and population contribute to the stability and high-demand of the real estate market. For international investors it is especially appealing that Dubai does not impose income tax or capital gains tax on real estate investments. Plus, you can even buy property without living or physically being in the UAE.
  • How do you buy a property? Do you need to be present in person?
    First, consult a real estate advisor to identify your ideal off-plan property. Next, learn more about the project by visiting a show room, or checking detailed project information, including floor plans and visuals. Reserve your chosen property by paying a reservation fee and signing a Memorandum of Understanding (MoU) to formalize your intent to buy. Sign a formal purchase agreement detailing terms and payment schedule. The payments are made in installments tied to construction milestones. Upon completing the necessary payments, the final step is to register your property with the Dubai Land Department to secures your legal ownership rights. Acquiring off-plan properties in Dubai can be done remotely, making it very convenient for investors.
  • How much ancillary costs are there when purchasing a property?
    When purchasing a property in Dubai, buyers should anticipate additional costs that can amount to around 7 to 8% of the purchase price. These ancillary costs typically include: DLD (Land Department Fees): Approximately 4% of the purchase price Real Estate Agent Commission: Typically 2% of the purchase price Developer NOC Fees: AED 5,250+ Conveyancing Fees: AED 6,800+ Trustee Registration Fees: AED 5,200 for individuals AED 2,500 extra if purchased under a company
  • Is it necessary to be a resident in order to buy a property?
    No, it is not necessary to be a resident in Dubai to purchase a property. Foreigners can buy property in Dubai without holding residency. However, there are certain regulations that may restrict the type of ownership and location of the property for non-residents. It is advisable to consult with a local real estate expert about the applicable regulations before making a purchase.
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Need further assistance? Connect with our real estate experts today for personalized guidance and answers to all your queries. Your dream property is just a conversation away.

+971 (04) 399 1834

Office 503, Building 7, Bay Square, Business Bay, P.O Box 340614, Dubai, UAE

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