FAQ about Buying a Property in Dubai

Why Buying a Property in Dubai?

Dubai is a rapidly growing city that attracts millions of visitors every year. Its real estate market has been expanding over the past few years, with the construction of numerous new developments and the announcement of ambitious plans for the future. Among the advantages of investing in property in Dubai is that there is a favorable tax environment, the opportunity to have a long term residency through property acquisition, an exceptional quality if life, making it an attractive destination for investors from around the world.

Can a Foreigner Buy a House in Dubai?

Foreigners are allowed to buy property in Dubai, including houses, apartments, and villas in designated Freehold areas. In fact, Dubai has a favorable environment for foreign investment in real estate, and the government has implemented various measures to encourage foreign ownership of property.

How much deposit needed to buy property in Dubai?

The deposit required to buy a property in Dubai can vary depending on the type of property and the agreement between the buyer and the seller. However, in general, the deposit required is usually around 10% of the property’s purchase price.

What is the rental rate of return in Dubai?

Rental yields fluctuate between 5 and 10%. Short-term rentals can obtain up to 10% annual profitability. Long-term rentals (minimum 1) achieve an average ~6.7% gross return.

What is the Process to Buy Property in Dubai?

Short 5 key steps in the context of buying off plan:
1. Purchase decision
Reservation of the property
Reservation file Reservation document

2. First deposit + notary
10 to 30% down payment
4% Dubai Land Department fee

3. Purchase contract
Signature of the purchase contract

4. Payment plan
Step-by-step payments according to the payment plan

5. Transfer of ownership
Final payment
Delivery of keys
Delivery of the title deed

For more details on buying a property in Dubai process: https://joannatruffaut.com/buying-a-property-in-dubai-process/

Dubai Land Department:

https://dubailand.gov.ae/en/#/

Registration Trustee Office :

https://dubailand.gov.ae/en/eservices/real-estate-registration-trustee-centres/#/

Title Deed Verification :

https://dubailand.gov.ae/en/eservices/title-deed-verification-overview/title-deed-verification#/

Area Converter (Sqft to m2)



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Contact Joanna Now | Your Luxury Dubai Property Finder

Joanna Truffaut

Crompton Saltini Real Estate LLC

Dubai – United Arab Emirates

jt@cromptonsaltini.com

+971 58 587 4330‬