FAQ
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Buy and sell Real Estate
What is the difference between real estate investment and real estate for a living?
We are focused on the comprehensive support to investors and private buyers, since a detailed selection of an object, by agreeing on the best conditions, up to the integral management, subsequent lease or resale of the property.
Do I need to personally visit the UAE to buy real estate?
The personal visit is optional, you can perform the entire transaction process remotely. However, if you want to come just to visit, our staff will be happy to welcome you and accompany you.
Can I buy a property in the UAE to deadlines?
The personal visit is optional, you can perform the entire transaction process remotely. However, if you want to come just to visit, our staff will be happy to welcome you and accompany you.
How long does the purchase of a property in the UAE?
The transaction for the purchase of real estate in the United Arab Emirates takes about 1 month from the date of signature of the Agreement of Sale.
Is it safe to buy a property in construction?
Your security is ensured by two factors: the responsibility of the promoter to the State and payment deadlines. All objects are registered in the Department of Lands and this controls all the operations. The developer only has access to the money of buyers in a particular phase of the construction, and then reports on your behalf to the Department of Lands.
Is there a risk when buying a property in the UAE?
The risk, of course, are present. These include: the premature termination of the construction and fluctuations in the market prices. To compensate for the risks it is necessary to choose a developer with an impeccable reputation and an area liquid and with growth potential, in which we will help you.
When will I be able to sell the property?
The real estate market in the United Arab Emirates is large and liquid, which allows you to quickly sell an apartment in any stage of construction. The law of the UAE does not regulate the compulsory period of ownership of real property. If you buy a property on installments, you can resell it after the refund of 35% of the total value, even without a certificate of ownership. In this case, it is enough to have a document confirming the purchase and get a certificate on the basis of data on the registration of developers.
Is there a tax on the property in the UAE?
There is No tax on real estate in the UAE. The only tax that should be paid a one-time tax of the Land Department (DLD), which is 4% of the value of the property.
What additional costs will I incur when buying a property?
To make the transaction, it is necessary to pay the Land Department (DLD) to 4,000 dirhams (approximately $ 1,100), as well as 400 dirhams for the issuance of a Certificate of Ownership.
How is the registration of real estate in the UAE?
All the operations of registration and registration of rights are in charge of the Department of Lands. The rights of property are registered in the blockchain since 2018. As confirmation, the owner receives a Certificate of ownership (title).
Is it possible to get a mortgage in the UAE?
Yes, you, as a foreigner, you can get a mortgage in the United Arab Emirates. To do this, you must meet with some of the following criteria: a resident visa, the presence of your own company or employment in the United Arab Emirates, the payment of a down payment, for employees aged 21 to 65 years for self-employed – up to 70 years, the presence of properties in the United Arab Emirates. Usually two or three points are sufficient to approve a mortgage. Our manager can advise you on a mortgage issues and help you with your approval.
What are the areas of freehold?
Areas of absolute property are regions of the United Arab Emirates in which any stranger, with full rights of property you can buy real estate. In the future, the owner will be able to perform any operation without restrictions (sell, rent, donate or inherit).
What are the areas of leasing?
The areas of lease are areas in which the real estate was shipped to long-term lease. The maximum period of tenure is 99 years old. At the end of the contract, the tenant must return the object to the owner, who is usually the promoter.
Rental
What is the income generated by renting an apartment in the UAE?
Depends on the location, the type of dwelling, its dimension and the cost of maintenance. On average, the performance of the rental in the UAE ranges between 3 and 12% per annum.
Is it possible to rent real estate at a distance?
To receive passive income from real estate, it is not necessary to be in the United Arab Emirates. To do this, we have a service of real Estate Management.
Do you have a foreign citizen the right to lease a property?
According to the Law N° 26, 2007 “On the Regulation of the Relations between Landlords and Tenants” and Law no. 33 of 2008 amending the Law N° 26, any owner of real estate in the territory of the Emirate of Dubai has the full right to lease their property.
Are there fees for the maintenance of real estate in the UAE?
Yes, the owner of the property pays a service fee every six months or annually, which includes: cleaning and maintenance of common areas, common areas, and security costs of the building and other expenses.
How do I pay for the rental of real estate in the UAE?
Can the tenant to terminate the contract ahead of time?
Yes, you can. However, you must notify the landlord 2 months prior to the termination of the contract and full payment of these 2 months of hosting, as well as all utility bills and rates prescribed in the contract.
Legalization and residence permit
Can I get a residence permit when buying an apartment?
Yes, in order to obtain a resident visa for 2 years, it is necessary to buy a home value of $ 205,000.
Can I extend my residence permit after 2 years?
Yes, the resident visa is extended for 30 days until the end of its period of validity. To do this, the resident must submit an application before the Directorate General of Residents and Foreigners.
Where can I live with a resident visa, UAE?
A resident visa does not impose territorial restrictions on the choice of place of residence. You have the right to reside in any emirate that is convenient for you.
How to get a visa UAE for 10 years?
To obtain a resident visa for 10 years, it is necessary to purchase a home at a cost of 545.000 dollars.
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