Question 1

What are the benefits of investing in Dubai real estate?

Accepted Answer

Dubai offers tax-free returns, strong rental yields (5-8%), capital appreciation, world-class infrastructure, and residency visa opportunities for property investors.

Question 2

Can foreigners buy property in Dubai?

Accepted Answer

Yes, foreign nationals can purchase property in designated freehold areas with full ownership rights and no restrictions on capital repatriation.

Question 3

What is the difference between off-plan and ready properties?

Accepted Answer

Off-plan properties are under construction, typically offering flexible payment plans and lower entry prices. Ready properties are completed and available for immediate occupancy or rental.

Question 4

What are the typical payment plans for off-plan properties?

Accepted Answer

Most developers offer 70/30, 80/20, or 90/10 payment plans during construction, with some projects offering post-handover payment plans.

Question 5

Are there any additional costs when buying property in Dubai?

Accepted Answer

Yes, buyers typically pay a 4% Dubai Land Department (DLD) transfer fee, approximately 2% agency commission, and 1-2% for other fees including NOC, registration, and utility setup.

Question 6

Do I need to visit Dubai to purchase a property?

Accepted Answer

No, off-plan properties can be purchased remotely with the Sales Purchase Agreement (SPA) signed and sent by courier. For ready properties, a virtual viewing is possible, though a physical visit or Power of Attorney is recommended.