Frequently Ask Question
Dubai has many popular areas for buying property, including Downtown Dubai, Dubai Marina, Palm Jumeirah, Jumeirah Lake Towers (JLT), and Arabian Ranches. These areas are known for their modern amenities, high-quality construction, and great location.
To buy property in Dubai, you need to be a UAE resident or have a valid UAE residence visa. You also need to find a property you like, agree on a price with the seller, and sign a contract. The contract will need to be registered with the Dubai Land Department, and you will need to pay a registration fee and transfer fee.
Yes, foreigners can buy property in Dubai, but they must have a valid UAE residence visa. Non-residents can buy property in designated freehold areas, such as Dubai Marina, Palm Jumeirah, and Downtown Dubai.
The costs associated with buying property in Dubai include the property purchase price, registration fee, transfer fee, real estate agent commission, mortgage arrangement fee (if applicable), and maintenance fees (if buying in a building).
The deposit amount when buying property in Dubai can vary depending on the seller’s requirements. Typically, the deposit is 10% of the property purchase price, but it can be negotiated.
The rental yield for property in Dubai varies depending on the location, type of property, and market conditions. However, the rental yield for apartments in popular areas like Downtown Dubai, Dubai Marina, and JLT is typically between 6% and 8%.
