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Buy and sell Real Estate
What is the difference between buying an investment property and buying a home to live in?
We provide comprehensive support for investors and private buyers, from carefully selecting a property and negotiating the best terms to ongoing management, rental or resale.
Do I need to personally visit the UAE to buy real estate?
A personal visit is optional. You can complete the entire transaction remotely. If you would like to visit, our team will be happy to welcome you and accompany you.
Can I buy a property in the UAE in installments?
A personal visit is optional. You can complete the entire transaction remotely. If you would like to visit, our team will be happy to welcome you and accompany you.
How long does it take to buy 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 under construction?
Your security is supported by two factors: the developer’s accountability to the state and installment payments. All properties are registered with the Land Department, which oversees transactions. The developer can only access buyers’ funds at a specified stage of construction and must then report to the Land Department.
Is there a risk when buying a property in the UAE?
There are, of course, risks, including construction ending prematurely and fluctuations in market prices. To help mitigate these risks, it is important to choose a developer with an excellent reputation and an area with a liquid property market and growth potential. We can help you with this.
When will I be able to sell the property?
The real estate market in the United Arab Emirates is large and liquid, making it possible to sell an apartment quickly at any stage of construction. UAE legislation does not impose a mandatory property holding period. If you buy a property in installments, you can resell it after paying 35% of the total value, even without a title deed. In this case, you need a document confirming the purchase and a certificate from the developer registration database.
Is there a tax on the property in the UAE?
There is no property tax in the UAE. The only one-time charge is the Dubai Land Department (DLD) fee, which is 4% of the property’s value.
What additional costs will I incur when buying a property?
To complete the transaction, you must pay the Land Department (DLD) AED 4,000 (approximately USD 1,100), plus AED 400 for issuance of the title deed.
How is property registered in the UAE?
The Land Department handles property registration and the registration of ownership rights. Property rights have been recorded on a blockchain register since 2018. The owner receives a title deed as confirmation.
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 freehold areas?
Freehold areas are regions of the United Arab Emirates where foreign buyers can purchase real estate with full ownership rights. Owners can subsequently sell, rent out, gift or pass the property on as an inheritance without restrictions.
What are leasehold areas?
Leasehold areas are areas where properties are held under long-term leases. The maximum lease term is 99 years. When the contract ends, the leaseholder must return the property to its owner, usually the developer.
Rental
What is the income generated by renting an apartment in the UAE?
This depends on the location, property type, size and maintenance costs. Average rental yields in the UAE range from 3% to 12% per year.
Can I rent out a property remotely?
You do not need to be in the United Arab Emirates to receive passive income from real estate. Our property management service can help you do this.
Can a foreign citizen rent out 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 a tenant terminate the contract early?
Yes. However, the tenant must give the landlord two months’ notice and pay the rent for those two months in full, along with all utility bills and charges specified in the contract.
Legalization and residence permit
Can I get a residence permit when buying an apartment?
Yes. To obtain a two-year residence visa, you must purchase a property worth USD 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 UAE residence visa?
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 can I obtain a 10-year UAE visa?
To obtain a 10-year residence visa, you must purchase a property worth USD 545,000.
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