Questions? Look Here
Yes, foreigners can buy freehold property in designated areas in Dubai. These properties offer full ownership rights, and there are no restrictions on foreign investors.
The process involves choosing a property, signing a sales agreement (MoU), paying a deposit (typically 10%), and then registering the sale with the Dubai Land Department (DLD). The transaction is completed with full payment and title deed transfer.
Dubai offers tax-free property transactions. However, there is a one-time 4% transfer fee paid to the Dubai Land Department at the time of registration.
Rental yields in Dubai can vary by area, but they typically range from 5% to 9% annually, which is considered one of the highest in the world for real estate investments.
Yes, property buyers in Dubai can apply for a residence visa, provided they meet certain criteria. Typically, investing in a property worth AED 750,000 or more can qualify you for a visa.
Off-plan properties can be a great investment in Dubai as they often come with payment plans and lower upfront costs. Additionally, you might benefit from capital appreciation as the property develops.
Besides the property price, buyers should budget for the 4% transfer fee, 2% agent commission, and a trustee office fee for registration. Legal fees may also apply, depending on the transaction.
Yes, expats can apply for mortgages in Dubai. Most banks require at least a 20-25% down payment for residents and a 30-35% down payment for non-residents.
The Dubai real estate market has shown consistent growth over the years. It is considered a stable market with strong demand, especially for residential and commercial properties in prime areas.
Yes, Dubai is considered a safe and regulated market for real estate investment. The government has established regulations, such as RERA (Real Estate Regulatory Agency), to protect investors and ensure transparency.
Yes, your money is safe. In Dubai, all payments made for off-plan properties are deposited into a government-approved escrow account. This account is regulated by the Real Estate Regulatory Agency (RERA), ensuring that the developer can only access the funds according to the project’s progress. This provides an added layer of security for investors, ensuring their money is protected until the project is completed.