Frequently Asked Questions

The Realty sector is back in the limelight after the Covid-induced uncertainties and it is showing strong signs of sustained growth.

Yes it is as long as you select a real estate firm that is licensed by the Dubai Property Regulatory Authority (RERA) and in case you hadn’t guessed, we offer a RERA-compliant and licensed brokerage service.

Yes, Dubai is experiencing an upward economic swing. That said, you can expect 7%+.

Due to new residency visa rules in Dubai, all kinds of businesspeople have the opportunity to own commercial or residential space. There are freehold areas for foreigners to buy property in Dubai. You don’t even require a residence permit to set up.

There is no legal requirement for you to have to have a UAE bank account to own property here.

Yes of course and the procedure usually takes about a month from the moment the contract of sale is certified. If an off-plan property, the procedure takes about a day. We will arrange power of attorney on your behalf.

In Dubai it is one of the highest in the world, both in terms of ROI – from 8 to 15%, and gross rental income – about 5.19%. Objects under construction can bring income up to 80-90% of the invested funds.

  • 2% to 5% (+ VAT) of the price is the agent’s commission
  • From 500 to AED 10,000 (+ VAT) you will have to pay for a certificate, which indicates that the developer has no objection
  • Registration fee of AED 4,000 (+VAT) if the property is worth more than AED 500,000 and AED 2,000 (+VAT) if it is below AED 500,000
  • You pay 4% of the purchase price to the Land Department for the transfer of ownership
  • 0.25% of the designated loan amount is the mortgage registration fee (if applicable)
  • Certificate of Ownership: AED 580
  • Also allowable fees for services provided, or utility bills
  • You deposit about 5000 to AED 37000 depending on the property value, which goes towards the first installment
  • Subsequent installments are typically between 5% and 10% of the property value – paid every three months. Payment plans are usually profitable and tailored to the client’s needs
  • Register the intermediate ownership of the purchase during the construction phase. This will be 4% of the purchase price plus AED 3000 administration fee
  • It is possible to buy property in Dubai without downpayment

Yes, you can buy real estate with crypto, although not all real estate firms accept this. You will have to check around first.

DLD strands for Dubai Land Department – a DLD fee is 4% of the property purchase price.

Escrow is an arrangement whereby money or property is held by a third party until all conditions are met.

Freehold: you own the property and the land. Leasehold: you own the property of a set period but not the land.

DLD is the 4% fee you pay when buying property. The waiver is when the fee does not have to be paid by the buyer.

  • Property Registration Fee;
  • Mortgage Registration Fee;
  • Agent Fee; Conveyance Fee;
  • Property Evaluation Fee;
  • Bank Mortgage Arrangement Fee;
  • Life Insurance Fee.

Yes, investors of all nationalities are welcome; that would not be a problem.

No, you do not.

Off plan is a property that is still under construction

Yes, many investors do this and make a tidy profit. You can sell before completion, there is no restriction.

The choice between off-plan and ready properties depends on investment goals and risk tolerance. Off-plan properties often offer attractive prices, while ready properties provide immediate rental income potential.

Due to new residency visa rules in Dubai, all kinds of businesspeople have the opportunity to own commercial or residential space. There are freehold areas for foreigners to buy property in Dubai. You don’t even require a residence permit to set up.

For a temporary period, visitors and residents can drive in Dubai using a valid foreign driving license. However, to become a permanent resident, you will typically need to obtain a Dubai driving license.

Dubai has a modern and efficient healthcare system. It offers a mix of public and private healthcare facilities that provide high-quality medical services. Expatriates are required to have health insurance, which is typically provided by employers.

Dubai has a diverse education system, with options ranging from public schools to private and international schools. Many international schools offer curricula from around the world, catering to expatriate communities.

DEWA stands for Dubai Electricity and Water Authority. Every resident deals with DEWA in Dubai. The organization is Dubai’s sole supplier of water and electricity. Most of the transactions can be issued online.

No.

Yes, expatriates can buy freehold; there is no issue here.

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