03/06/2025
*Things to Know Before Buying Property in Dubai 🇦🇪*
*1. Freehold vs. Leasehold Area -*
- Foreigners can buy property in designated freehold zones, where they get full ownership.
- In leasehold areas, ownership is limited to long-term lease (up to 99 years).
*2. Choose the Right Developer -*
- Always buy from reputed and RERA-registered developers. Do proper research on past projects and delivery timelines.
*3. Understand All Costs -*
- Apart from property price, consider:
🔹 4% Dubai Land Department (DLD) fee
🔹 Agency fees (2%)
🔹 NOC charges, maintenance fees, etc.
*4. Financing Options -*
- Expats can get mortgages from UAE banks. Typically, you need a 25% down payment (more for properties above AED 5M).
*5. Residency Visa -*
- Buying property worth AED 750,000+ may qualify you for a residency visa, subject to conditions.
*6. Rental Yields & ROI -*
- Dubai offers high rental yields (6-10%), especially in areas like Dubai Marina, JVC, Business Bay, etc.
*7. Legal Process & Registration -*
- All sales must be registered with the Dubai Land Department. Use a trusted real estate agent or lawyer to handle paperwork.
*8. Tax Benefits -*
- Dubai offers zero property tax, no capital gains tax, and no income tax—a huge advantage for investors.
