Who can buy property in Dubai ?

Any investor, overseas or resident, can purchase in Dubai 's luxury freehold property developments.

What is Freehold in Dubai ?

Purchasing a freehold property in Dubai - means that you own the property forever or until you decide to sell it. You are allowed to pass this property to your family for example, and they enjoy the same level of ownership as you do. Your resale rights are guaranteed, as is your freedom to rent out your property to a third party.

Are there any taxes when buying property in Dubai ?

There are no government taxes when buying in Dubai and there is no capital gains tax when selling the property making the market particularly attractive.

What are the benefits of investing in Dubai property?

There are many reasons why you will benefit from investing in Dubai property, some of them are: High capital appreciation, High rental yields in completed properties, Business hub of the Middle East , One of the most significant leisure destinations in the world , Excellent quality of property, Cosmopolitan global business centre with luxurious facilities and incredible beaches, Safe Environment.

Are property owners eligible for residence visas in the UAE?

New Dubai property owners and their immediate family are granted applications for residence visas in accordance with the latest immigration regulations. Please note, only government of UAE can issue visas not a developer or estate agent.

Do I need to have a bank account in Dubai ?

It is not necessary to have a bank account in Dubai as it is relatively easy to transfer funds into the country.

What is a payment plan?

If you buy off-plan property each developer has their own payment terms and normally this consists of a 10% deposit, followed by stage payments at intervals during the construction of the property and as contracted with the developer when paying the deposit. The final payment is normally paid on satisfactory completion and handover of the property.

What financing is available?

Mortgages are available to prospective purchasers for most but not all developments, and we can recommend a certain bank or financial institution. Currently local mortgage rates vary between 6% and 7.5%.

What is transfer fee?

When purchasing property on the secondary market, the developer may well charge ‘transfer charge' normally between 2% and 5% of the original purchase price to offset their costs of changing the legal contract.

What is premium?

When one buys from the developer off-plan property, he/she buys at original price. On the secondary market this property can be sold with the premium - capital appreciation on the property.