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What might interest you
What is off-plan real estate and is it worth investing in it?
Off-plan properties are those that are still under construction. These projects can offer substantial benefits to investors: higher profitability, interest-free payment plans, remote transaction options, and secure investments. It’s a popular option for those looking to profit from purchasing real estate before the project is complete.
What is the minimum down payment required for a mortgage in the UAE?
It depends on the chosen bank. Usually it is 25% for residents and 50% for non-residents.
What is the difference between Leasehold and Freehold?
Freehold refers to areas where foreigners can purchase property with permanent ownership rights, including the land on which it stands. Leasehold areas, on the other hand, allow ownership for a limited period — typically 99 years — without granting ownership of the land.
What are the taxes and fees on real estate in the UAE?
Main types of taxes and fees on real estate include:
— Mortgage payments;
— Agency fees;
— DLD (one-time payment to Dubai Land Department);
— The fee for the maintenance of the property.
Can I obtain a UAE residence permit by purchasing real estate?
Yes! Buying property is one of the easiest ways to secure a UAE residence visa. An investment of AED 2 million qualifies you for a 5-year visa, while AED 750,000 will get you a 2-year visa. More details are available depending on the property you choose.