This guide outlines the process of buying property in Dubai, both finished and off-plan. Why...
- Can foreigners buy property in Dubai?
Yes, foreigners can buy freehold property in designated areas with full ownership rights.
- What is the minimum investment for a residency visa?
AED 750,000 is the minimum required to qualify for a 2-year visa.
- Can I buy property with a mortgage as an expat?
Yes. Many banks offer mortgages to residents and non-residents.
- Are there any taxes?
No annual property tax or income tax on rental income.
- How much is the down payment for buying property in Dubai?
For off-plan properties, the booking starts from 5% to 20%. For ready properties, expats usually need a 20% down payment, while UAE nationals may pay 15%.
- What is the Dubai Land Department (DLD) fee?
The DLD fee is 4% of the property value, paid at the time of registration. It ensures your title deed is recorded and legally protected under Dubai law.
- Can I get a mortgage as an expat in Dubai?
Yes, expats can get mortgages from UAE banks. Typically, they offer 70% financing with fixed or variable interest rates. You must have a stable income and valid documents.
- How long does the property buying process take in Dubai?
The buying process can take 1 to 4 weeks, depending on whether the property is off-plan or ready. SASA Real Estate ensures timely coordination with developers and authorities.
- What documents are needed to buy property in Dubai?
You need a passport copy, Emirates ID (if resident), and signed reservation form or SPA. For mortgaged properties, bank pre-approval and salary proof are also required.
