Unlocking Opportunities: Your Guide to Real Estate Investment in Dubai
Dubai offers a blend of luxurious living, tax-free benefits, vibrant lifestyle amenities, and cultural richness, making it a prime destination for both residence and business. From stunning beaches to majestic desert landscapes, the city promises an unparalleled quality of life.
Investing in property in Dubai presents an exceptional opportunity for securing your and your family’s future. With extensive development and favorable conditions for expatriates, Dubai ensures a promising investment climate. Whether you’re aiming for long-term returns or seeking to relocate, understanding the fundamental principles of real estate acquisition in the UAE is crucial.
At Binance Real Estate, our seasoned agents possess deep expertise in the UAE real estate market. We are dedicated to assisting you in acquiring your dream property, whether it’s your second home or a strategic investment. Our team provides comprehensive answers to all your queries, ensuring you feel secure and well-informed throughout the process. With our commitment to transparency and legal compliance, supported by our in-house conveyancing team, you can trust us to guide you seamlessly through every step of the transaction.
Available for Sale
Things to Remember When Buying Property in Dubai
Finding the Right Dubai Property Advisor
For a successful Dubai property investment, trust a registered agent like Binance Real Estate. Our expertise ensures your best deal.
Who Can Buy
Individuals or entities can own property in Dubai; for company ownership, incorporation in specific zones is required. We offer incorporation and handle all property registration documentation.
Due Dilligence
We guarantee thorough due diligence for clients. In secondary market, we verify legal ownership, conduct inspections, and review contracts. For off-plan, we confirm developer rights, registration, Escrow accounts, and compliance.
Legal Framework
Since 2002, anyone, regardless of residency, can purchase property in Dubai's designated freehold areas. No residency or permits are needed.
Timeframes
Resale transactions: around 30 days. Off-plan deals: typically one day, sometimes 30 minutes. We can handle transactions via Power of Attorney to save clients' time.
Access to The Real Estate Register
The real estate register in Dubai contains property information and rights, but access is restricted. Only the owner or authorized persons under a court order can view the information.
Fees involved in purchase of a property in Dubai
When buying on the secondary market:
- 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.
When buying off-plan properties:
- 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.
Drop Us a Message
- +971 52 1166222
- info@binancerealestate.com
- Office no. 1902, The One Tower, Barsha Heights, Tecom, Dubai, UAE.