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Buying Real Estate in Dubai and in the UAE

Luxurious living, tax-free home and business ownership, amazing lifestyle with awesome shopping centers, restaurants and beaches, majestic desert scrivener and rich culture are just a few factors that make Dubai an ideal place to live and work.

Buying property in Dubai is an excellent investment in your and your children’s future - the city is developing extensively and has excellent conditions for expats. But regardless of whether you want to buy a real estate for further earnings or want to move to Dubai, you need to know a number of basic principles when buying real estate in the UAE.

Who Can Buy ?

Any natural or legal person can own a property in Dubai, though in case of registration under a company’s name, it must be incorporated in Dubai onshore zone or in certain dedicated offshore or free zones.

We providing incorporation services for our buyers and will be happy to prepare the full set of documents for a property’s registration and maintain your company further.

Fees involved in purchase of a property in Dubai

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When buying on the secondary market:

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- Broker’s commission varies between 2% to 5% (plus VAT) of the purchase price.

- A no objection certificate from the developer can be anything between 500 and 10,000 AED plus VAT.

- Registration Trustee fee is 4,000 AED plus VAT for properties valued over 500,000 AED, and 2,000 AED plus VAT for properties below 500,000 AED.

- Transfer fee is 4% of the purchase price.

- Mortgage registration fee (if applicable) is 0,25% of the registered loan amount.

- Title deed issuance is 580 AED.

- There may be additional payments associated with the service charge and utility payments for the properties.

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When buying off-plan properties:

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- Booking deposit around AED 5,000-37,000, depending on the property value; the deposit is adjusted towards the 1st installment for the property.

- Installments are usually 5% to 10% of the property value paid every three months; convenient post-handover plans are often available.

- OQOOD (interim title) registration fee: 4% from the property purchase value + AED 3000 admin fees.

Cost when renting a property Dubai 

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- Security deposit: 5% from annual rental value for Unfurnished properties; 10% for Furnished and it shall be dated on the same day when you are securing the property. The landlord will keep this cheque until you vacate the property and all outstanding bills including cleaning, painting, etc. are settled or deducted from the security deposit.

- Rental Value: 1-12 cheques: 1st cheque being dated on or before Tenancy contract start date, the subsequent cheques to be post dated (PDC).

- Agency Fee which is 5% + Vat (5%) of the annual rent due upon signing of the tenancy agreement

- Ejari Registration: AED 220 inclusive of VAT

- Down payments for DEWA, Air Conditioning, Gas & Telecommunications (depending on the developer/providers)

- Moving expenses (if you are relocating from another property in Dubai)

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How is The Rental Process Going?

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Being a Landlord in Dubai comes with great responsibility due to the stringent laws. Therefore, it is important to know all aspects that affect you as a Landlord including what type of documentation you will need, what type of documentation is required of the Tenant, Tenancy Laws and general knowledge of how the rental process currently works in Dubai.

Our agents will provide you with professional advice until moving. We do everything to make your move comfortable and safe.

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