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FAQS

Find answers to your most common questions about buying, selling, and investing in Dubai’s real estate market.

Questions

Off-Plan Real Estate

An off-plan property is an unconstructed property. The property is yet to be built or is in the preliminary stages of construction.

Yes, you can sell off-plan property before the completion date.

Yes, It is possible to obtain a mortgage to finance your off-plan property purchase, subject to meeting the individual requirements of the financial institutions.

Just like there is no tax there is also no selling fees when selling a property in Dubai.

All the advertising costs are covered by the selling agent or agents who charge their fees to the buyer via an agency fee. It is worth nothing that some sellers may choose to pay the selling agent a small percentage of the property purchase price as commission. This is usually done as an incentive and way to get the very best price possible.

Dubai Real Estate FAQs

Can I get a residency visa if I purchase a property in Dubai

Yes, it is possible to obtain a residency visa in Dubai by purchasing a property. The United Arab Emirates (UAE) government has implemented several programs that allow property buyers to obtain residency visas through investment, including 3, 5 and 10 year visas.

What are the fees needed to purchase a property in Dubai?

Here is the division of transfer and registration fees associated with purchasing a property in Dubai:
DLD fees = 4% of the property price + admin fees (AED 580 for apartments and offices, AED 40 for off-plan)
Registration fees for properties valued below AED 500,000 = AED 2000 + 5% VAT
Registration fees for properties valued above AED 500,000 = AED 4000 + 5% VAT
Mortgage registration fees Dubai Land Department = Up to 0.25% of loan amount + AED 290
Property service charges - Charged on a square foot basis, ranging anywhere between AED 3 to AED 30 or more.

What documents are required to purchase a property?

Here are the documents you’ll need to secure if you’re planning to buy a property in UAE:
A copy of the sale and purchase contract
A copy of a valid Emirates ID
A copy of a valid passport for non-residents

What is DLD?

DLD is the abbreviation for Dubai Land Department. It is the regulatory body by the government that deals with all property and real estate related legislation, organisation, and services for any real estate transactions in Dubai.

Are properties in Dubai subject to VAT

No, residential properties in the UAE are currently not subject to VAT.

Dubai Real Estate Financing Options

Buying a property using a mortgage in Dubai is not only possible but also something that is becoming more and more common. Just like anywhere in the world lending criteria does apply however anyone with a steady job should not have any issues meeting all the requirements. There is a wide range of local and international banks to choose from meaning rates on offer tend to be rather competitive.

Dubai Real Estate Trends

Dubai’s property market has demonstrated a robust rebound following the pandemic-induced slowdown. The sector has just marked its 10th consecutive quarter of expansion, fuelled by strong demand, economic growth, and clever government initiatives for retirees and workers. Prices have increased significantly over the last 3 years with some properties experiencing prices increases of well over 50%.