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Buyer’s Guide
Buyer's Guide
Your Essential Guide to Finding the Perfect Property
1. Who is eligible to purchase property in Dubai?
Both residents and non-residents can invest in Dubai’s property market in government-designated areas.
2. Are properties in Dubai freehold?
3. Can purchasing a property grant me residency?
Yes, property investment can qualify you for UAE residency, depending on the minimum investment requirements. We offer tailored guidance to help you navigate the available options based on your investment value and goals.
4. What taxes apply when buying property in Dubai?
Dubai has no property taxes, but you may need to report your investment in your home country for tax purposes. Check local tax laws for compliance.
5. What are the costs involved in buying a property?
Common expenses include:
- Dubai Land Department Fee: 4% of the property price.
- Agent Commission: 2% + VAT for resale properties.
- Maintenance Fees: Based on property size and area.
- Mortgage Registration Fee: 0.25% of the loan amount.
- Conveyancing Fee: Depending on the agency or service provider.
6. How can I finance a property purchase?
Financing is available for residents and non-residents. You’ll need bank pre-approval, and our team can connect you with trusted mortgage providers to secure the best deal.
7. How long does it take to complete a purchase?
- Cash Transactions: 1-4 weeks.
- Mortgage Transactions: 6-8 weeks. Timelines depend on the property status, financing, and seller type.
8. Should I buy off-plan or ready property?
- Off-Plan: Ideal for flexible payment plans and long-term investment returns.
- Ready Property: Suitable for buyers wanting immediate occupancy or rental income.
9. What documentation is needed to buy property?
You’ll need:
- For residents: Passport, Emirates ID, and visa.
- For non-residents: Passport.
A security deposit of 10% of the property price is also required.
10. Can someone manage my property for me?
Yes, our property management team can help maximize your investment, reduce vacancies, and handle all day-to-day tasks on your behalf.
11. Are there restrictions on selling under-construction properties?
To sell an under-construction property, you typically need to have paid 30-50% of its value. The exact percentage depends on the developer’s terms.
12. What if the property I want to buy is rented?
If the property is rented, the Tenancy transfers to you as the new Landlord. To occupy the property, you will need to give Tenants a 12-month notice.
