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Buying Property in Dubai
Discover a wide range of properties available for purchase in Dubai.
The hard facts for investors, that are hard to ignore
Reasons why Dubai has attracted a large number of investors in the last two decades include its strategic location, business-friendly environment, tax-free zones, modern infrastructure, political stability, and various investment opportunities.
$170k
Expensive? Nope.
Property prices in Dubai start as low as $170.000. This is how much your property in Dubai can cost. Surprised?
Buying property in Dubai isn't that costly, and almost always has its perks. Like gracious post-handover payment plans, golden visas & all.
0.14
Is it a bubble?
As per the UBS Global Real Estate Bubble Index 2023 Report, Dubai scored 0.14 and in the green zone. Making property prices "fairly valued"
Dubai is ahead of such cities as New York (0.47), San-Fransisco (0.27), London (0.98), Tokyo (1.65), Singapore (0.47), Hong-Kong (1.24), Paris (0.73), Geneva (1.3) & Sydney (0.67)
12%
High returns
If you are an investor and looking for stable high ROIs, Dubai can offer you both Capital ROI up to 200% for those who would like to sell or flip their property in Dubai, and Cash Flow ROI up to 12% for those who would love to rent their properties in Dubai).
What type of investor are you?
The Quintessential Habitat
Indulge in a life of opulence, enjoy the benefits of tax-exempt property and business ownership, and immerse yourself in a world-class setting featuring elite shopping destinations, exquisite dining, pristine beaches, breathtaking desert vistas, and a vibrant cultural tapestry. These elements combine to position Dubai as the quintessential habitat for both personal and professional pursuits.
Investing in Dubai Properties
Investing in Dubai real estate signifies a strategic choice for securing your family's prosperity, given the city's dynamic expansion and favorable environment for international residents. Whether your aim is to generate income from property investment or to relocate to Dubai, it's crucial to grasp a set of fundamental guidelines pertinent to the real estate acquisition process in the UAE.
Promise of Full Transparency
We specialize in the UAE property market. We are dedicated to finding your perfect property. We provide comprehensive responses to all inquiries regarding your future secondary residence or investment opportunity. Our commitment ensures you navigate the acquisition process with confidence and peace of mind, backed by our promise of transparency and adherence to legal standards.
Lightning Fast, World-Class Assistance
Investing in Dubai real estate signifies a strategic choice for securing your family's prosperity, given the city's dynamic expansion and favorable environment for international residents. Whether your aim is to generate income from property investment or to relocate to Dubai, it's crucial to grasp a set of fundamental guidelines pertinent to the real estate acquisition process in the UAE.
Dubai is the place
Dubai's thriving property market has consistently shown strong returns for investors, making it a prime opportunity for those looking to capitalize on the real estate sector.
New Properties
Explore our new property listings, including off-plan stages, expression of interest, pre-launches, and more.
Secondary Market
Explore our exclusive secondary property listings, which include villas, townhouses, and flats.
Property Catalogs
Explore our regularly updated catalogs of launches in Dubai, Abu Dhabi, Ras Al Khaimah, and other emirates.
Discover Dubai
Explore Dubai's diverse neighbourhoods
Are you looking to buy property in Dubai? Look no further! Our website offers a wide range of listings in various neighborhoods, allowing you to explore and find your dream property. With our team of experienced property advisors, we'll guide you through the entire process, ensuring a smooth and hassle-free experience. Don't miss out on this opportunity to own a piece of Dubai's thriving real estate market. Start your property search today!
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Join or partner program now!
If you know someone interested in buying and/or selling real estate in the UAE, you could earn a 30% commission on every deal.
What to remember when buying property in Dubai?
Learn more about buying off-plan property in Dubai and find answers to commonly asked questions.
Finding the right property advisor in Dubai
Navigating the Dubai real estate landscape, distinct from other international markets, necessitates the expertise of a trusted Dubai real estate agent, duly registered with the Dubai Real Estate Authority. Possessing in-depth understanding of local market dynamics, laws, and protocols is essential. Gaia Living Real Estate stands ready to be your expert companion, ensuring you secure the most advantageous property transaction you've ever experienced.
Who can buy properties in Dubai?
Both international and Dubai-based individuals are eligible to acquire properties within Dubai's specified freehold zones, a policy established in 2002 by the Emirate of Dubai's Ruler, and subsequently supported by a series of regulations and subsidiary legislation as the Dubai property market evolved. There is no necessity for a residency or equivalent permit to qualify for property purchases in Dubai.
Property ownerhship rights in Dubai
In Dubai, property ownership is open to both individuals and corporate entities. However, for registration in a company's name, the company must be established either in Dubai's onshore zone or within specified offshore or free zones. Gaia Living Real Estate offers comprehensive incorporation services for our clients, assisting with the preparation of all necessary documentation for property registration and offering ongoing support for your company.
How long does a transaction take?
Buying an off-plan property in Dubai involves a straightforward process, typically taking around 2-4 months for the initial transaction steps. Once you've selected your desired property, you'll sign a reservation agreement and make an initial payment. The Sales and Purchase Agreement (SPA) follows, detailing the terms and conditions of your purchase. Finally, the transaction is registered with the Dubai Land Department, and you'll make payments as per the construction milestones until the property is handed over, which can take 1-4 years.
How can I assess the reputation and reliability of the developer?
To assess the reputation and reliability of a developer when buying off-plan property in Dubai, research their past projects and track record for timely completion and quality standards. Verify that the developer is registered with the Dubai Real Estate Regulatory Agency (RERA) for added credibility. Additionally, consult real estate professionals and review customer feedback to ensure a well-informed decision.
Apply for a mortgage through Gaia Living's partner network
Try our free mortgage estimation service. Simply fill out your request, and we will provide a comprehensive assessment in less than 72 hours.
Properties
Discover your dream property in Dubai.
Keep in mind
What do you have to know before buying property in Dubai
Before purchasing property in Dubai, it's important to understand the potential risks and fees involved. Prospective buyers should be aware of the various costs associated with acquiring property in the region and the specific regulations that govern real estate transactions.
New Properties
Fees when buying off-plan properties
Installments, typically 5-10% of the property's value, are due quarterly, with post-handover payment options frequently offered.
Oqood (interim title) registration costs 4% of the purchase price plus AED 3,000 in administrative fees.
Booking deposits range from AED 5,000-50,000, based on property value, and are credited to the first payment.
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Used Properties
Fees when buying on the secondary market
Brokerage fees range from 2% to 5% (+VAT) of the buying price.
Developer's no objection certificate costs vary from 500 to 10,000 AED (+VAT).
Registration Trustee charges are 4,000 AED (+VAT) for properties above 500,000 AED and 2,000 AED (+VAT) for those under.
Transfer fees stand at 4% of the purchase price, with a mortgage registration fee of 0.25% of the loan amount, if applicable.
Issuing a title deed costs 580 AED, and there might be extra fees for service and utilities.
The risks
Risks of buying an off-plan property in Dubai
Purchasing off-plan properties involves committing to buy before construction is finished, often before it begins. While perceived as risky, it can be rewarding in markets with rising property prices and growing demand for new homes.
Off-plan buys offer the benefit of post-handover payment plans from developers, allowing significant investments with minimal initial capital and the potential for the investment to self-finance.
However, off-plan purchases require careful consideration, including research on the developer and understanding mortgage acquisition complexities.
Gaia Living Real Estate is ready to guide you, providing market insights, detailing project potentials in Dubai, working with reputable developers, and facilitating swift mortgage approvals through our in-house advisors.
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Keep in mind
What's the Gaia Living's property buying process?
Six steps that will help you navigate the real estate process
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Buying Property Process
What can you afford?
Dubai presents a vast selection of real estate options, making the initial phase in your journey towards the perfect home the clarification of key criteria guiding your property selection. We will tailor our recommendations to align with your needs, taking into account your lifestyle preferences, family interests, hobbies, and financial considerations, to suggest neighborhoods and types of properties that perfectly match your requirements.
02
Buying Property Process
Partnering with a realtor
Once we understand your priorities, our manager will initiate the search for properties that align with your preferences within your desired locales. With Gaia Living Real Estate, you have access to the broadest selection of real estate, including off-plan and resale options, ensuring you're presented with the top choices available.
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Buying Property Process
Ensuring Your Satisfaction
You'll receive comprehensive details about the chosen area, including infrastructure, entertainment facilities, and amenities, directly from our agent. For those purchasing a ready property, an expert-guided viewing will be arranged. For off-plan acquisitions, high-definition images, videos, and finishing material samples will be provided. Additionally, our specialized engineering team is available for professional inspections of ready properties or to oversee the handover of new constructions, offering a detailed report on any observed defects.
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Buying Property Process
Finalizing agreement
Our negotiation team will represent your interests to secure the most favorable terms of the purchase. Our legal team specializes in real estate transactions, ensuring your purchase agreement is meticulously drafted to avoid any potential complications. We will compile all necessary documentation for the transaction and coordinate with all involved parties to prepare for a smooth deal closure.
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Buying Property Process
Establishing Ownership
Following these procedures, we'll facilitate the registration of your property with the Dubai Land Department, securing your title deed for ready properties, or ensuring timely issuance of your OQOOD for off-plan properties, which will later be replaced by a title deed upon project completion.
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Buying Property Process
Enjoying Post-Sale Experience
Our commitment extends beyond the sale with an array of after-sale concierge services designed to cater to every aspect of your new property, including utility setup, interior design, and property management. At Gaia Living Real Estate, we're not just your agent; we're your trusted partner, dedicated to managing your property as meticulously as if it were our own.
Wonder how much your property is worth in Dubai?
Use our free estimation service. Fill in your request, and we will be back with a thorough assessment in less than 24 hours.
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Overview
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Explanation of the off-plan market in Dubai and how to navigate it.
The off-plan property market in Dubai is a dynamic and attractive investment opportunity for both local and international buyers. Purchasing off-plan properties means buying directly from developers before the construction is completed, often at lower prices and with flexible payment plans. Here’s how to effectively navigate this market with the expert guidance of Gaia Living Real Estate.
Understanding Off-Plan Properties
Off-plan properties are real estate investments purchased before the completion of construction. Buyers can secure a property at current market prices, potentially benefiting from price appreciation as the project nears completion.
Advantages of Buying Off-Plan
- Lower Prices: Typically, off-plan properties are sold at a lower price compared to completed units.
- Payment Flexibility: Developers often offer attractive payment plans, allowing buyers to pay in installments.
- Customization Options: Early buyers may have the opportunity to customize the interiors according to their preferences.
- Potential for High ROI: Investing early can lead to significant returns as property values increase.
Key Considerations for Off-Plan Investments
Reputable Developers: Always buy from well-known and reputable developers. Gaia Living Real Estate collaborates with trusted developers in Dubai, ensuring reliability and quality.
Location and Project Scope: Consider the location and the scale of the development. Properties in prime locations or upcoming areas with robust infrastructure tend to offer better returns.
- Market Research: Conduct thorough market research or consult with real estate experts. Gaia Living Real Estate provides comprehensive market insights to help you make informed decisions.
- Legal Framework: Understand the legal aspects, including the payment schedule, handover date, and the developer's obligation to complete the project on time. Gaia Living Real Estate ensures all legalities are transparent and in favor of the buyer.
Why Choose Gaia Living Real Estate?
- Expert Guidance: Our team of seasoned real estate professionals is well-versed in the Dubai off-plan market. We guide you through every step, from selecting the right property to finalizing the purchase.
- Exclusive Listings: Gain access to exclusive off-plan properties from top developers. Gaia Living Real Estate offers a curated selection of the best projects in Dubai.
- Personalized Service: We understand that each investor has unique needs. Our personalized service ensures that your investment goals and preferences are met.
- End-to-End Support: From initial consultation to property handover, Gaia Living Real Estate provides end-to-end support, making the entire process seamless and stress-free.
FAQs
For more detailed advice and support on buying off-plan properties in Dubai, reach out to Gaia Living Real Estate.
What are the steps to buy property in Dubai?
To buy property in Dubai, you need to select a property, sign a sales agreement, make a down payment, and transfer ownership through the Dubai Land Department. Working with a real estate agent can simplify this process.
What are the typical costs associated with purchasing property from developers in Dubai?
Reputable Developers Costs include the property price, 4% Dubai Land Department fee, agent commission (typically 2%), and miscellaneous charges for registration and utilities. Off-plan properties may also require a reservation fee.
What should I consider when buying off-plan property?
Consider the reputation of the developer, project location, payment plan, and expected completion date. Ensure the developer is registered with the Dubai Land Department.
How are payments structured for off-plan properties?
Payments are typically made in installments, starting with a down payment at booking and subsequent payments during construction, with a final payment upon completion.
How do I verify the ownership of a secondary market property?
Verify ownership by checking the title deed and property details with the Dubai Land Department. Engaging a reputable real estate agent can also ensure due diligence.
Advantages of Buying Off-plan
There are no property taxes in Dubai. Buyers need to pay a 4% transfer fee to the Dubai Land Department and possibly other fees related to registration and services. property taxes in Dubai. Buyers need to pay a 4% transfer fee to the Dubai Land Department and possibly other fees related to registration and services.
What is the difference between freehold and leasehold property?
Freehold properties grant full ownership to the buyer, while leasehold properties provide rights to the property for a specified period, typically 99 years, after which ownership reverts to the original owner.
Can foreigners buy property in Dubai?
Yes, foreigners can buy property in designated freehold areas in Dubai. Both off-plan and secondary market properties are available for purchase by non-residents.
What happens if the developer delays the project?
If a project is delayed, buyers have legal recourse through the Dubai Land Department. It's important to review the sales agreement for clauses related to delays and compensation.
What are the financing options for buying property in Dubai?
Financing options include mortgages from local and international banks. Non-residents can also obtain mortgages, typically covering up to 50-75% of the property value.
Gaia Living Real Estate
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