Frequently Asked Questions

All nationalities

Ownership in Dubai is divided into two types :
Freehold: The freeholder of a property owns it outright, including the land it’s built on for life
Leasehold: You are purchasing a lease from the freeholder for the right to live in the property for a set number of years (99 years)

Passport copy – Mobile number – full address – email.

Allowed up to 4 people

Yes

Payment can be (Bank transfer – Cash – Cryptocurrency – Cheques)

Yes

Payment plan for years starting from 1: 6 years payment plan depends on projects status.
Or cash if the property is ready to move.

– Zero %
– Some properties have administrative expenses that vary from one property to another, with an average of 5% .

Yes

– Residential = 0 %
– Commercial and hotel apartment = 5 : 10 % / year

Each year, you pay us a service charge. This money goes towards:
– Community Maintenance & cleaning & management
– Workers, security team Salaries
– Maintenance and cleaning for all common services and areas for owner’s example:
(GYM – Swimming Pool – Garden and green areas – Elevators for Buildings – Cleaning Building out and in – BBQ Area – Kids Areas ….etc )

For villas = 3:5 AED / year / SQFT
For Apartments = 13 : 40 AED / year / SQFT

1 SQM = 10.7639 SQFT
Example: property size 1000 SQFT = 92.903 SQM

The UAE’s ‘Golden visa’ is a long- term residency visa which enables foreign talents to live and work or study in the UAE while enjoying exclusive benefits which include:

• an entry visa for six months with multiple entries to proceed with residence issuance
• a long term, renewable residence visa valid for 10 years
• a self-sponsored visa, as there is no need for an employment sponsor
• ability to stay outside the UAE for more than the usual restriction of six months in order to keep their residence visa valid
• sponsoring their family members, including spouse and children regardless of their ages
• sponsoring unlimited number of domestic helpers
• allowing family members to stay in the UAE until the end of their permit duration, if the primary holder of the Golden visa passes away.

The Golden visa is for:
   – Investors

Real estate investors can obtain a Golden visa in the UAE if they fulfil one of the following conditions:

• purchase a property worth no less than AED two million or
• buy one or more off-plan properties of no less than AED two million from approved local real estate companies.

Dubai Land Department is considered one of the departments of the Dubai Government responsible for supervising matters related to recording and documenting all real estate transactions on behalf of the Dubai Government.
Dubai Land Department was founded in January 1960 to establish the most prominent real estate sector in the Middle East and the world. It provides outstanding and integrated services to all its customers while developing the necessary legislation to propel the real estate sector in Dubai through the regulation of the sector, organizing and promoting real estate investments, and spreading industry knowledge in search of regional and worldwide real estate innovation. Dubai Land Department seeks regional and worldwide innovation in real estate with the aid of its active sectors that include real estate registration services, real estate investment promotions, and corporate support, and with the aid of its active organizations that include the Real Estate Regulatory Agency, the Dubai Real Estate Institute, and the Rental Disputes Center.

DLD Fee is a 4% of property purchase price over the property price for registration in Dubai Government

Example: Property selling price 1,000,000 Emirati Dirham AED + 4 % dld fees = 1,040,000 AED + Admin Fees 3000 AED

– if you are non-residence in UAE can get mortgage starting from 50 % after completing 50 % of total price – if you are residence and have business here mortgage can start from 80 % after completing 20 % of total price

Ask your agent for RERA Card (Real Estate Regulatory Agency) that guarantee that Agent is approved to work legally by DLD . Also, you could check your agent’s name if he registered and working legally or not through DLD website
https://dubailand.gov.ae/en/eservices/licensed-real-estate-brokers/licensed-real-estate-brokers-list/#/

The escrow account is a third-party account in which funds are held before they are transferred to the ultimate recipient. Especially with high asset values and dispute-prone sectors like Real Estate, it offers protection against scams and frauds. Escrow Account is Most Safe way to save investors’ money and rights.

How Escrow Account Protect Buyers?

Many people show reluctance when it comes to buying an off-plan unit. One of the major reasons why they have reservations is that they believe that their invested money will go down the drain if the project gets stalled or cancelled. However, this isn’t the case. If a project has been officially declared cancelled by DLD, they can file a petition for compensation by submitting proof(s) of their ownership. Once their claim has been verified, they will be compensated for their funds. The amount is refunded from this account opened at the time of the launch of the project.

– Owner should provide the company with his documents for his info – After agreed for project and choosing unit, booking will be online through the company and will send Booking Form for the client that included his personal info , property price , size , layout , terms and conditions .

– The buyer will sign online digital or by print, sign and scan and resend again to his Agent.

– The buyer should be transferring the Down payment + dld fees + admin fees that mentioned officially in Booking form.

– After down payment will be received, the developer will issue the SPA (Selling Purchase agreement)

– The company will courier the contract by Shipping company DHL or Aramex to get buyer signature and owner will get his originally copy after got signed from the seller.

– For the rest of installments: will be transferred to developer Escrow Account on same dates that mention in Booking form & SPA .

Strong return on investment (ROI) is the ultimate goal when investing in property. Securing a property which delivers healthy rates of return requires proper due diligence from the outset. Here are some of the factors that can influence ROI:

• Location
• Facilities and amenities available in the community, including proximity to transport, education, childcare etc.
• Size
• Quality
• Market conditions and timing of purchase
• Interest rates
• Maintenance costs (RERA Service Charge and Maintenance Index)

Pros of buying off-plan

• Price: Buyers commonly receive a price advantage with under-construction properties priced significantly less than ready properties.
• Capital appreciation: There is a high probability of the property increasing in value near to completion and handover.
• Smaller down-payments: Initial deposits of 5-10%, as opposed to 25% with ready properties, can make purchase more achievable.
• Payment plans: Developers offer highly attractive, flexible payment plans, in some cases offering post-handover 2-5 year payment plans meaning you can actually rent the property out before commencing the repayments.