FAQs

Yes, foreigners are able to purchase real estate in Dubai. In so-called freehold zones, they are permitted to buy freehold homes. Foreign nationals can purchase, sell, and lease these properties without any limitations because they grant complete ownership rights.

For residents, the minimum down payment for first-time purchasers is normally 20% of the property value. Depending on the lender, non-residents could be required to make a greater down payment, typically between 25% and 35%.

Buyers should factor in the following expenses in addition to the buying price:

• 4% of the property value is the Dubai Land Department (DLD) fee.
• Usually 2% of the buying price is the real estate agent fee.
• 0.25% of the loan amount (if applicable) is the mortgage registration fee.
• Fees for Property Maintenance: Ongoing expenses for maintaining a property.

Yes, even if the loan-to-value ratio (LTV) might be lower for non-residents than for residents, non-residents can still get mortgages in Dubai. Depending on their financial situation and the lender’s regulations, non-residents can normally borrow anywhere from 50% to 75% of the property’s worth.

Depending on a number of variables, including financial preparations, legal proceedings, and property inspections, the process of purchasing real estate in Dubai may take anywhere from 30 to 60 days. For cash buyers, the time frame can be shorter.

What is a No Objection Certificate (NOC), and why is it required?
A No Objection Certificate (NOC) is a document that the developer issues to verify that the seller has paid all outstanding fees associated with the property. Before the sale can be finalized, the NOC must be obtained as it is essential for the transfer of ownership.

Although attendance is encouraged, it is not required. You can designate a Power of Attorney (POA) to act as your representative throughout the transaction if you are unable to be in Dubai. This enables the POA to finalize the deal and sign paperwork on your behalf.

Indeed, purchasing off-plan houses—that is, properties that are still under construction—is typical in Dubai. These properties provide flexible payment arrangements and are frequently less expensive than completed ones. Selecting a trustworthy developer and carefully reading the contract are crucial, though.

The Dubai Land Department (DLD) and the Real Estate Regulatory Agency (RERA) offer legal protections in the well-regulated real estate market in Dubai. Buyers have legal recourse in the event of a dispute, and all real estate transactions must be recorded with the DLD.

Yes, residency visas are available to Dubai real estate investors. AED 750,000 is the minimum property worth needed to be eligible for a resident visa. Investors can apply for a renewable resident visa, which can be extended to immediate family members, if they buy property worth more than this amount.

Market swings, developer insolvency for off-plan projects, and excessive leverage are a few of the hazards. Do extensive research, purchase real estate from reliable developers, refrain from taking on excessive debt, and think about long-term investment ideas in order to reduce these dangers.

Popular locations consist of:

• Downtown Dubai is well-known for its famous monuments and opulent apartments.
• Dubai Marina is a seaside neighborhood that offers breathtaking views.
• Palm Jumeirah: A distinguished area for an affluent lifestyle.
• Jumeirah Village Circle (JVC): A reasonably priced and expanding neighborhood,
• Business Bay: A residential and business area close to Dubai’s downtown.

You should list your property and locate a buyer in Dubai by working with a real estate agent who is certified by RERA.

Following acceptance of an offer, a Memorandum of Understanding (MOU) will be signed by both parties, and the seller will receive a No Objection Certificate (NOC) from the developer. Ownership transfer at the Dubai Land Department (DLD) is the last phase.

No, real estate owners in Dubai are not subject to any property taxes. One of the main things drawing investors to the city’s real estate sector is the tax-free atmosphere.

Advantages consist of:

Tax-Free Environment: No capital gains or property taxes.
High Rental Yields: The rental yields in Dubai are appealing.
Residency Visa: Obtaining residency via investing in real estate.
Strategic Location: Dubai connects the East and the West and acts as a worldwide center.
Luxury Lifestyle: Top-notch facilities, security, and infrastructure.