Buy Ready Properties in Dubai
Discover a wide range of ready 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.
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.
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)
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?
Our team will help you buy a house
Immediate Possession
Ready properties are available for immediate possession, allowing you to move in or start earning rental income without waiting for construction to complete. This is ideal for those looking to relocate quickly or capitalize on the rental market immediately.
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.
Easier Financing
Financing options are generally more straightforward for ready properties, as lenders are more willing to approve mortgages for completed units. This can lead to better interest rates and loan terms, making your investment more financially viable and less stressful to manage.
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 is the place where ready properties offer unparalleled convenience, allowing you to enjoy immediate occupancy and capitalize on a thriving rental market.
Our suggestions that will be useful for you
Ready Properties
Explore our ready property listings across various areas in Dubai, Abu Dhabi, Ras-al-Khaimah & other Emirates.
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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.
Explore Dubai's diverse neighborhoods
Are you looking to rent property in Dubai? Our website offers a wide range of listings for you to explore. Start your search today and find your dream home in Dubai. Contact us for more information or to schedule a viewing. We're here to help you every step of the way.
Earn money with Gaia Living.
Join or partner program now!
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What to remember when buying ready property in Dubai?
Learn more about buying ready 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.
What do you have to know before buying ready property in Dubai
Before purchasing ready 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.
Advantages of Buying ready property in Dubai
Buying a ready property in Dubai, like any real estate investment, comes with its own set of advantages. Here are some:
Visa Opportunities: You can apply for a 2 or a 10-year visa immediately after buying your property.
Immediate Occupancy: Ready properties are ready for immediate move-in, allowing buyers to enjoy their new home without delay.
Avoid Construction Risks: Buying a completed property eliminates the risks associated with construction delays, quality issues, or changes in project plans.
Tangible Investment: Purchasing a ready property provides buyers with a tangible asset that they can use or rent out immediately, potentially generating rental income or capital appreciation.
Financing Options: Banks and financial institutions offer various financing options and mortgage facilities for ready properties, making it easier for buyers to secure funding for their purchase.
Certainty of Title: Ready properties come with clear and transferable title deeds, providing buyers with assurance of ownership and legal protection.
Potential Savings: While off-plan properties may offer attractive payment plans or pre-launch prices, ready properties eliminate the risk of unexpected costs or price fluctuations during construction, potentially resulting in savings in the long run.
Resale Value: Ready properties often have a higher resale value compared to off-plan properties, as they are already established and in demand among buyers seeking immediate occupancy or rental income.
Fees when buying on the secondary market
When selling a ready property in Dubai, there are several fees and expenses that sellers typically encounter. These fees can vary depending on various factors such as the property's value, location, and the specifics of the transaction. Here are some common fees to consider:
Transfer Fees: In Dubai, sellers are responsible for paying the Dubai Land Department's transfer fees, also known as the Dubai Land Department Fee. This fee is typically 2% of the property's sale price, but it can vary.
Title Deed Fee: The seller may also need to cover the cost of issuing a title deed, which confirms the transfer of ownership to the buyer. This fee is typically around 0.25% of the property's sale price.
Mortgage Settlement Charges: If the property has an outstanding mortgage, the seller will need to settle this before transferring ownership to the buyer. Mortgage settlement charges may include early repayment fees, mortgage discharge fees, and administrative charges.
Homeowners Association (HOA) Fees: If the property is part of a gated community or residential development with homeowners association fees, the seller may need to settle any outstanding dues or transfer these obligations to the buyer.
Property Valuation Fees: Some sellers opt to have their property professionally valued before listing it for sale. While this isn't a mandatory fee, it can provide valuable insights into the property's market value and help with pricing strategy.
Marketing and Advertising Costs: Sellers may incur expenses related to marketing and advertising their property to attract potential buyers. This can include professional photography, property listings on online portals, and print advertising.
Legal Fees: Sellers may choose to hire a lawyer or conveyancer to handle the legal aspects of the sale, including drafting contracts, conducting due diligence, and facilitating the transfer of ownership. Legal fees can vary depending on the complexity of the transaction and the services required.
Capital Gains Tax: In Dubai, there is currently no capital gains tax on the sale of residential properties. However, it's essential to stay updated on any changes to tax regulations that may affect property transactions.
Other Miscellaneous Costs: Sellers should also budget for any other miscellaneous costs that may arise during the selling process, such as property inspection fees, clearance certificates, and utility bill settlements.
Real Estate Agent Commission: If you enlist the services of a real estate agent to help you sell your property, you'll typically need to pay a commission. This commission is usually a percentage of the final sale price and can vary between 1% to 5%, although it's negotiable.
Before selling a property in Dubai, it's advisable to consult with a real estate professional or legal advisor to understand the specific fees and expenses associated with your transaction and to ensure a smooth and successful sale process.
Risks of buying ready property in Dubai
Buying a ready property in Dubai, like any real estate investment, comes with its own set of risks. Here are some considerations:
Market Volatility: Dubai's real estate market can be volatile due to various factors like economic fluctuations, changes in government policies, and global events. Prices can fluctuate, impacting the value of your investment.
Over-supply Concerns: At times, Dubai has experienced an oversupply of properties, leading to a decrease in property values and rental yields. It's essential to assess the demand-supply dynamics in the specific area you're interested in.
Legal and Regulatory Issues: Ensure that the property you're interested in has all the necessary legal approvals and clear titles. Understanding Dubai's real estate laws and regulations is crucial to avoid legal complications.
Maintenance Costs: Apart from the initial purchase price, consider ongoing maintenance costs, service charges, and community fees associated with the property. These can add up significantly over time and affect your overall return on investment.
Location and Infrastructure: The location of the property plays a significant role in its value and potential for rental income. Consider factors like proximity to amenities, public transport, schools, and job centers. Additionally, assess the quality of infrastructure in the area, including roads, utilities, and public services.
Financing Risks: If you're taking out a mortgage to purchase the property, be mindful of interest rate fluctuations and potential changes in lending policies. Ensure you have a stable financial plan to cover mortgage payments and any unforeseen expenses.
Market Saturation: Depending on the segment and location, certain areas of Dubai may be saturated with similar properties, leading to increased competition and potentially lower rental yields.
Currency Fluctuations: If you're purchasing property in Dubai with a currency different from your own, exchange rate fluctuations can impact the cost of your investment and returns when converting back to your home currency.
Economic Stability: Dubai's economy is heavily reliant on sectors like real estate, tourism, and trade. Changes in these sectors or broader economic downturns can affect property prices and demand.
Resale Potential: Consider the resale potential of the property. Factors such as market demand, property condition, and location influence how quickly you can sell the property and at what price.
Before making any investment decisions, it's essential to conduct thorough research, seek advice from professionals, and carefully evaluate the risks and rewards associated with buying property in Dubai.
What's the Gaia Living's property
buying process?
Six steps that will help you navigate the real estate 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.
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.
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.
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.
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.
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.
SubmitFAQs
For more detailed advice and support on buying ready properties in Dubai, reach out to Gaia Living Real Estate.
What are ready properties?
Ready properties are completed real estate units available for immediate occupancy or rental. Unlike off-plan properties, there is no waiting period for construction to finish.
How do I finance a ready property purchase?
Financing a ready property is often more straightforward as lenders are more willing to approve mortgages for completed units. Compare different mortgage providers to find the best interest rates and terms that suit your financial situation.
Can I rent out my ready property immediately after purchase?
Yes, once you complete the purchase, you can start renting out your ready property immediately. This allows you to generate rental income without any delay, making it an attractive investment option.
What is the process for transferring ownership of a ready property?
The process involves signing a Memorandum of Understanding (MoU), paying a deposit, obtaining a No Objection Certificate (NOC) from the developer, and completing the transfer at the Dubai Land Department. The new owner then receives the title deed.
Can I negotiate the price of a ready property in Dubai?
Yes, the price of a ready property in Dubai is often negotiable. It's advisable to research market prices, understand the property’s value, and work with a real estate agent to negotiate the best possible deal.
Why should I consider buying a ready property in Dubai?
Buying a ready property offers immediate possession, no construction delays, established community amenities, and often easier financing options. You can start enjoying your new home or earning rental income right away.
How do I find ready properties for sale in Dubai?
You can find ready properties through real estate agents, property portals, and developer websites. Working with a reputable agent can help you navigate the market and find the best options that meet your criteria.
What documents are required to purchase a ready property in Dubai?
To purchase a ready property in Dubai, you'll need a valid passport, an Emirates ID (if applicable), and proof of funds or mortgage pre-approval. Additionally, you may need to provide a signed sales agreement and other documents as required by the Dubai Land Department.
What is the rental yield for ready properties in Dubai?
The rental yield for ready properties in Dubai can vary depending on the location, type of property, and market conditions. On average, rental yields in Dubai can range from 5% to 8%, making it an attractive option for investors looking for rental income.
What should I know about the community and neighborhood before buying a ready property?
Yes, once the property is completed and handed over, you can rent it out. Ensure that you comply with all local rental regulations and consider engaging a property management company for assistance.
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