The Smartest Way to Buy & Manage Property in Dubai

Yes, foreigners can buy property in designated freehold areas in Dubai. These areas include popular locations like Dubai Marina, Palm Jumeirah, Downtown Dubai, and many others. Foreign buyers receive the same ownership rights as UAE nationals in these areas.

The buying process typically involves: 1) Finding a property, 2) Making an offer and signing a Memorandum of Understanding (MOU), 3) Paying a deposit (usually 10%), 4) Conducting due diligence, 5) Signing the Sale Purchase Agreement (SPA), 6) Transferring the property at the Dubai Land Department (DLD), 7) Paying the remaining balance and registration fees.

The entire process can take anywhere from 2-8 weeks, depending on whether you're buying off-plan or ready property, mortgage approval time, and how quickly all parties can complete the necessary paperwork.

Yes, both residents and non-residents can obtain mortgages in Dubai. UAE residents can typically borrow up to 80% of the property value (75% for properties over AED 5 million), while non-residents can usually borrow up to 60-70%.

Mortgage rates in Dubai typically range from 3.5% to 5.5% per annum, depending on the bank, your profile, and whether you choose a fixed or variable rate. Rates are subject to change based on market conditions.

Typically required documents include: passport copy, UAE residence visa, Emirates ID, salary certificate, bank statements (6 months), property documents, and proof of down payment. Self-employed individuals may need additional documentation like trade licenses and audited accounts.

Main fees include: Dubai Land Department (DLD) transfer fee (4% of property value), real estate agent commission (2% typically paid by seller), mortgage registration fee (if applicable, 0.25% + AED 290), trustee office fee (around AED 2,000-4,000), and NOC from developer (varies).

While not mandatory, it's highly recommended to hire a lawyer or conveyancer to review contracts, conduct due diligence, and ensure all legal requirements are met. This protects your interests and helps avoid potential issues.

A Title Deed is the official document proving property ownership, issued by the Dubai Land Department. You receive it after completing the property transfer process and paying all fees. For off-plan properties, you receive it upon project completion.

Rental yields in Dubai typically range from 5-9%, depending on the location and property type. Areas like Business Bay and Dubai Marina often offer higher yields (7-9%), while premium areas like Palm Jumeirah may offer 5-7%.

No, there are no annual property taxes in Dubai. However, you will pay a one-time 4% transfer fee when purchasing, and there may be service charges for maintenance of common areas in your building or community.

Yes, you can rent out your property. You'll need to register the tenancy contract with Ejari (the official rental registration system) and may need to obtain a landlord permit from the community management.

Property ownership alone doesn't automatically grant a residence visa. However, if you purchase property worth AED 750,000 or more (or AED 2 million for a 10-year visa), you can apply for a residence visa. You can also get a 5-year retirement visa if you own property worth at least AED 2 million.

You retain full ownership of your property even if you leave the UAE. You can continue to rent it out, sell it, or keep it vacant. Your property rights are protected regardless of your residence status.

Yes, you can sell your property at any time. However, if you have a mortgage, you'll need to settle it or transfer it to the buyer. Some developers may have restrictions on resale for off-plan properties before completion.

Service charges cover maintenance of common areas, security, and amenities. They typically range from AED 5-25 per square foot annually, depending on the development and facilities offered. These are paid to the building or community management.

It's not mandatory, but highly recommended if you're renting out your property or living abroad. Property management companies handle tenant relations, maintenance, rent collection, and legal compliance, typically charging 5-10% of annual rent.

Main utilities include DEWA (Dubai Electricity and Water Authority) for electricity and water, internet/TV providers (du or Etisalat), and chiller charges if applicable. You'll need to register these in your name and pay a refundable deposit.