Properties for Sale
Buyers Guide
How to buy a property for made for you.
The Dubai property market is open to all overseas investors with no limitations or complicated requirements. In fact, it is not necessary to be a UAE resident or to be physically present during the purchase process.
The documentation needed will vary depending on whether you are buying as an individual or as a corporate entity and the payment method that you choose.
Individual buyer — To begin you will need to provide your original passport and Emirates ID. If you’re not a UAE resident, you will only provide your passport as your identification.
What type of property are you looking for – a home for your family, a rental property on a yearly basis or a holiday rental. Dubai offers plenty of options such as sophisticated apartments, open family villas, and contemporary townhouses. If you’re still not sure about what you’re seeking, our experienced property can offer you informed recommendations beginning with viewing of potential properties and make the best decisions along the way.
Ready or Off Plan?
As a buyer or investor looking for a property in Dubai, you can choose between ready projects and off plan. The properties or communities that are to be developed or under the construction phase are referred to as off plan, whereas the ready properties are those where the building stage is finalised. The type of development that you choose to buy will depend on your budget, goals and timeline. Here’s an overview of both options and why they are great investment opportunities
With a massive selection of real estate developments and more being announced every month, the Dubai off plan property market is on the rise. Investors and buyers can secure prime units/villa with easy payment plans that are completed upon handover. When finalised, these properties have high return on investment and a great capital appreciation.
If you’re an investor looking for immediate rental income or a buyer wanting to move into a new home soon, Dubai offers all kinds of ready properties in urban, beachfront, and nature settings. Buyers can expect to get a high loan to value (LTV) ratio for these homes, making it easier to get a mortgage from the bank.
Another common question asked by buyers is whether it’s cheaper to purchase off plan versus ready properties. Your choice should be associated with your budget and goals and supported by professional advice from industry experts.
Payment and Paperwork
Once the seller or developer and buyer have agreed on a price, your broker will arrange for a Contract B to be sent to you via the Dubai Land Department. Once accepted, the broker will arrange for a Unified Contract F to be sent. As the buyer, you will be required to hand over a 10% deposit cheque to your consultant, which will be held until the transfer of the property is processed.
Transfer fee — Both off plan and ready property buyers will need to pay a 4% transfer fee to the Dubai Land Department. Some developers cover part or the full 4% as an incentive to purchase.
Agent Fee — An agent fee of 2% + VAT applies to the buying process. Developers pay the broker on off plan properties so the buyer would not be paying the 2% in that case.
Community service fee or maintenance charge — Based on the RERA service and maintenance index, these fees are charged on a per sq.ft basis and usually range between AED 2 to AED 30 per sq.ft depending on the area.
Mortgage registration fee — For mortgage buyers a total of 0.25% of the registered loan amount must be paid to the Dubai Land Department.
Conveyancing fee — Working with our team of specialists you will be requested to pay a conveyancing fee of AED 8,400 including VAT.
