Buying and selling real estate
Investment property, as a rule, is bought in areas that are attractive to tourists. If you are considering the option of buying for life, then you should pay attention to the availability of social facilities and infrastructure for permanent residence.
A personal visit is optional, you can go through the entire transaction process remotely. However, if you want to come to the viewing on your own, our staff will be happy to meet you and accompany you.
Yes, you can. Many developers provide such an opportunity. The installment period depends on the object and the developer and very often reaches 5-7 years.
The transaction for the purchase of real estate in the UAE lasts approximately 1 month from the date of signing the Sale Agreement
Your safety is guaranteed by two factors: the responsibility of the developer to the state and the installment payment. All objects are registered with the Land Department, and it controls all operations. The developer gets access to buyers' money only at a certain stage of construction and then reports for them to the Land Department.
Risks, of course, are present. These include: untimely completion of construction and fluctuations in market prices. To offset the risks, it is necessary to choose a developer with an impeccable reputation and a liquid area with growth potential, which we will help you with.
The real estate market in the UAE is large and liquid, which allows you to quickly sell an apartment at any stage of construction. UAE legislation does not regulate the mandatory period of ownership of real estate. If you buy a property in installments, you will be able to resell it after 35% repayment of the total value, even without a certificate of ownership. In this case, it is enough just to have a document confirming the purchase and get a certificate from the database on registration of developers.
There are no taxes on real estate in the UAE. The only tax that will need to be paid on a one—time basis is the Land Department tax (DLD), which is 4% of the property value.
For the execution of the transaction, it is necessary to pay the Land Department (DLD) 4,000 dirhams (approximately $ 1,100), as well as 400 dirhams for the issuance of a Certificate of Ownership.
All operations on registration and registration of rights are handled by the Land Department. The rights to own real estate have been registered in the blockchain registry since 2018. As a confirmation, the owner is issued a Certificate of ownership (Title Deed).
Yes, you, as a foreign person, can get a mortgage in the UAE. To do this, you need to fit some of the following criteria: a resident visa, the presence of your own company or employment in the UAE, payment of a down payment, for employees aged 21 to 65 years, for self—employed - up to 70 years, the presence of property in the UAE. Usually two or three points are enough to approve a mortgage. Our manager can advise you on mortgage issues and help with its approval.
Freehold zones are regions of the UAE in which any foreigner with full ownership rights can purchase real estate. In the future, the owner can carry out any operations with them without restrictions (sell, rent, donate or inherit).
Leasehold zones are zones in which real estate is issued for long-term lease. The maximum period of ownership is 99 years. At the end of the contract, the tenant must return the object to the owner, who is most often the developer.
Rental Property
It depends on the location, the class of housing, its dimension and the cost of maintenance. On average, the rental yield in the UAE ranges from 3 to 12% per annum.
To receive passive income from real estate, you do not have to be in the UAE. To do this, we have a Real Estate Management service.
According to Law No. 26 of 2007 “On the Regulation of Relations between Landlord and Tenant” and Law No. 33 of 2008 amending Law No. 26, any owner of real estate in the territory of the Emirate of Dubai has the full right to lease his property.
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, building security costs and other expenses.
Most often, the rental of real estate is paid for the entire period in advance (six months / year). Payment is made by means of a check, which gives confidence that the apartment will generate income for a given period.
Yes, it can. However, he must notify the landlord 2 months before the termination of the contract and fully pay for these 2 months of accommodation, as well as all utility bills and fees prescribed in the contract.
Legalization and residence permit
Yes, to obtain a resident visa for 2 years, you need to purchase housing worth from $ 205,000.
Yes, the resident visa is extended for 30 days until the end of its validity period. To do this, a resident needs to submit an application to the General Directorate for Residents and Foreigners.
A resident visa does not impose territorial restrictions on the choice of place of residence. You have the right to reside in any emirate convenient for you.
To obtain a resident visa for 10 years, it is necessary to purchase housing at a cost of $ 545,000.