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Buy A Property In Dubai
Off plan and Ready To move
Buying a Property in Dubai?
The Middle East property market is thriving, especially in the Dubai, where the real estate market has experienced continuous growth and a significant surge since the beginning of the year. At Green Desert Real Estate, Our property advice is backed by research-driven insights. We ensure you receive the latest, unbiased market updates when you want to buy a property
Finding the right Dubai property advisor
The Dubai property market is unique compared to other countries, so having a trusted real estate expert to guide you is essential. Green Desert Real Estate is a leading Dubai estate agency specializing in properties for sale in Dubai’s most sought-after prime and super-prime areas. We offer a personalized property buying service, ensuring we find the perfect Dubai property to meet your needs while supporting you throughout the buying process.
Why invest in Dubai?
- The city offers higher rental yields than many other mature real estate markets. On average, investors can achieve gross rental yields of between 5-9%
- Property prices per square foot are lower than many other cities globally, making Dubai an affordable location to own prime real estate.
- New visa laws linked to property investment enable investors to gain a residence visa subject to certain conditions. For properties valued above AED 1 million, you may be entitled to a 2-year residency visa. For properties valued above AED 5 million, you may be entitled to a 5-year residency visa. While for properties valued at above AED 10 million, you may be entitled to a 10-year residency visa
- Highly favourable tax conditions in particular, the absence of property taxes and stamp duties, that are applicable in other global real estate markets, also paints the city as a highly attractive investment environment
Things To Consider Before Buying Property In Dubai?
Whether you are buying a property for your personal use or for investment, consider the following factors before making any decision:
- Location
- Facilities and amenities available in the community, including proximity to transport, education, childcare etc.
- Size
- Quality
- Market conditions and timing of purchase
- Maintenance costs each one of them is a tricky part on its own, and in order to get this right, you either need to do extensive research or save time by consulting with a property advisor
FAQs
Yes, foreigners can buy property in designated freehold areas of Dubai. They can own the property outright and have full ownership rights.
Freehold ownership allows the buyer to own the property and the land it is built on indefinitely. It is available to both UAE residents and non-residents.
- Decide on the type of property you want (off-plan or ready-to-move-in).
- Choose a location.
- Secure financing or funds.
- Sign the Memorandum of Understanding (MOU).
- Pay the deposit (usually 10%).
- Register the property with the Dubai Land Department (DLD).
- Transfer ownership.
Yes, additional costs include:
- Dubai Land Department (DLD) fees: 4% of the property value.
- Real estate agent fees: Typically 2% of the property value.
- Admin fees: Ranging from AED 2,000 to AED 4,000.
- Mortgage registration fees (if applicable): 0.25% of the loan amount.
It depends on your goals:
- Off-plan: Cheaper prices, flexible payment plans, but involves a waiting period for completion.
- Ready property: Immediate possession, higher prices, but no waiting period.
Yes, non-residents can buy property in Dubai. There is no requirement to live in the UAE to invest in real estate.