FREQUENTLY ASKED QUESTIONS
We've answered the most frequently asked questions. If your question is not answered here in this section, please don't hesitate to reach out to us.
Working with an agent is advisable as the property prices remain consistent whether you go through an agent or directly approach a developer, and there are no additional agent fees for new off-plan purchases directly from developers. Agents can provide a wider array of options tailored to your specific needs and preferences, offering a more personalized property hunting experience.
For off-plan purchases directly from developers, typically, there are no agent fees charged to the buyer. In the secondary market, a standard 2% agent fee on the transaction value is the norm, paid by the buyer.
Consider the financial implications, your timeline, and market trends. Off-plan properties may offer attractive payment plans and potential for appreciation, while ready properties allow for immediate use or rental income.
Escrow accounts provide a layer of financial security for off-plan investors by ensuring that their funds are only used for the development of the property they are investing in, safeguarding against misuse.
The optimal time to buy is usually during the pre-launch phase of a project, as prices are often more competitive, and buyers have a better selection of units, including preferred floors or views.
An EOI is a preliminary agreement showing interest in purchasing a property, often accompanied by a refundable deposit. It differs from a deposit in that it's usually less formal and may not be binding.
Let your investment objectives lead the way. Depending on whether you seek residency, desire strong rental yields, or aim for profit through resale, Dubai's areas fall into three distinct categories:
A Zones: These are prime areas, often close to beaches, waterfronts, or downtown, offering luxurious living environments and direct access to the city's heart.
B Zones: Positioned within a 15-20 minute proximity to the prime A zones, these areas offer a balance of accessibility and value, perfect for those seeking a mix of lifestyle and investment opportunity.
C Zones: Surrounding the B zones, C areas are rapidly developing with the highest potential for appreciation. Ideal for investors looking for long-term growth and value increases.
Each category presents unique advantages tailored to various investment strategies, ensuring you find the perfect fit for your aspirations in Dubai's dynamic real estate landscape.
Investing in Dubai's real estate can make you eligible for the 2-year property investor visa or the 10-year Golden Visa, each with specific benefits and requirements based on the investment amount.
Dubai offers the advantage of zero income tax on property rental income, including income generated through Airbnb, making it an attractive location for property investment.
Rental ROI in Dubai averages between 6% and 8%, with the potential for further increase depending on various factors like location, property price, and payment plans.
Yes, reselling (or flipping) off-plan properties before handover is possible, but it's essential to consider the feasibility and the developer's terms.
Non-residents have access to mortgage options in Dubai, with terms and conditions varying by lender. It's crucial to assess these options thoroughly to find the best fit for your investment.
Buying real estate in Dubai involves several fees, including a 4% Dubai Land Department fee, agent commissions in the secondary market, and potentially other administrative costs.
Yes, after purchasing a property, you'll be responsible for service charges for the upkeep of common areas and facilities, among other potential costs like utility bills that are covered by tenant.
International investors can buy freehold properties in designated areas across Dubai, offering them outright ownership.
Dubai offers numerous waterfront living options, from luxurious marina settings to serene creek-side environments, catering to various lifestyles and preferences.
The sales process involves selecting a property, conducting due diligence, securing financing if needed, signing a sales agreement, and completing payment, followed by property registration with the DLD.
Property renovations in Dubai require approval from the developer or the relevant authority, ensuring any modifications comply with regulations.
The cost of living in Dubai can vary significantly based on lifestyle choices and housing options, offering a range of possibilities from luxury to more budget-conscious living.
A pre-handover inspection, or snagging, is crucial to identify and rectify any issues with the property before taking full ownership, ensuring your investment is in optimal condition.
Overseen by the Dubai Land Department (DLD), there's a specialized division known as the Dubai Rental Dispute Centre.
The rental laws in Dubai meticulously outline the dynamics between landlords and tenants, encapsulating their rights and obligations, eviction protocols, and criteria for adjusting rents. This framework is designed to promote equitable practices within the rental sector.