We have put together the answers to the most frequently asked questions about real estate in Dubai.
Do you really own property in Dubai ?
All the properties marketed by our agency are freehold, i.e. full ownership, just like in Europe. You will own both the land and the buildings, forever. Full ownership has been possible since a 2006 law authorised full ownership for all nationalities in 33 districts of Dubai.
What are the notary fees in Dubai ?
Notary fees amount to 4% of the price of the property you are buying. If you are buying off-plan, the Dubai Land Department will act as your notary. All the formalities will be carried out by the developer, who will forward your purchase contract to the Dubai Land Department for registration. The Dubai Land Department will also send you your title deeds directly by email once registration has been completed.
What methods of payment are accepted in Dubai to pay for a property?
Property developers accept a wide range of payment methods.
The methods of payment accepted are
Bank transfer / Bank card / Cheque issued by a local bank / Cash
Cryptocurrency
Not all the methods of payment listed below are accepted by all promoters and proof of payment may be required.
Third-party payments are also accepted by many promoters.
Is there an agency commission to pay when buying a flat or villa in Dubai?
If you buy a property off-plan in Dubai, you won't pay any agency fees. We will be paid by the developer.
If you buy a flat or villa on the secondary market (old or second hand), you will generally pay a 2% agency fee.
Is it possible to obtain a resident visa if I invest in property in Dubai?
If you invest in property in Dubai, you may be able to obtain a resident visa as a property investor. The duration and type of visa will depend on the size of your investment.
From AED 750,000 to AED 2,000,000, you will receive a 2-year renewable visa.
From AED 2,000,000 to AED 10,000,000, you will benefit from a 5-year renewable Golden Visa.
For investments over AED 10,000,000, you will receive a 10-year renewable visa.
What is a payment plan?
This is a payment schedule that allows you to pay for a property over a pre-determined period. In Dubai, payment plans are interest-free (0% interest rate).
Example 1:
- 20% to be paid on reservation
- 30% to be paid during construction
- 50% to be paid when the keys are handed over
Example 2:
- 20% to be paid on reservation
- 1% to be paid every month for 80 months
How can I be sure that the property developer is serious?
Opale-Invest 's estate agents will always show you developments that have already been completed by the developer behind the project you are being offered.
The Opal-Invest teams check the seriousness of the property developer and the quality of the project before marketing it.