Buying a Property
Dubai is an exceptional place to live and work, thanks to its high standard of living, tax-free environment for property and businesses, and the vibrant lifestyle it offers. From world-class malls and luxury shopping destinations to fine dining, exclusive beaches, stunning desert landscapes, and a rich cultural heritage Dubai truly has it all.
The city’s real estate market is currently booming, with a wide range of opportunities for investors in both the off-plan and ready property segments. The secondary property market has witnessed unprecedented growth, with record-breaking transactions being reported by the government on a weekly basis.
Meanwhile, the off-plan sector is also seeing remarkable expansion. Leading developers across Dubai are launching waterfront and beachfront villas, townhouses, and apartments with attractive payment plans and flexible terms making it easier than ever for investors to secure premium properties in one of the world’s most dynamic cities.
An Investor's Checklist when Buying a Property in Dubai
Are you working with the right broker?
As you may know, the real estate industry in Dubai operates quite differently from that of many other countries. That’s why it’s essential to work with a trustworthy and reputable real estate agent who is officially registered with the Dubai Real Estate Regulatory Agency (RERA) and the Dubai Land Department. Before sharing any of your property requirements or moving forward with a purchase, always ask to see the agent’s real estate license to ensure you're dealing with a certified professional.
What is the potential return on my investment?
When you buy a piece of real estate, the last thing you want is for its value to decrease over the course of time. Is there a possibility that the value of the property will decrease over time? Do you intend to retain this for the rest of your life or sell it after a certain number of years? Depending on your use of the property, you should never forget to ask this question to the real estate broker you are working with to set your expectations before your purchase. Typically, the average rental return one can expect on a property is between 5% to 10%.
Are foreigners permitted to have 100% ownership of property in Dubai?
In the past, only citizens of the United Arab Emirates were allowed to legally own property in Dubai. On the other hand, in 2006 the government approved Regulation No. 3, which established defined regions in which non-citizens are permitted to own property. In these places, the purchase of property with freehold ownership by non-locals is permissible. Major freehold estates may be found in most areas of “new Dubai,” including Dubai Marina, Palm Jumeirah, Jumeirah Lakes Towers, and Emirates Hills, amongst others.
How much time does it take to purchase a piece of real estate?
When you buy a piece of real estate, the last thing you want is for its value to decrease over the course of time. Is there a possibility that the value of the property will decrease over time? Do you intend to retain this for the rest of your life or sell it after a certain number of years? Depending on your use of the property, you should never forget to ask this question to the real estate broker you are working with to set your expectations before your purchase. Typically, the average rental return one can expect on a property is between 5% to 10%.
What are the amenities in the location?
In the past, only citizens of the United Arab Emirates were allowed to legally own property in Dubai. On the other hand, in 2006 the government approved Regulation No. 3, which established defined regions in which non-citizens are permitted to own property. In these places, the purchase of property with freehold ownership by non-locals is permissible. Major freehold estates may be found in most areas of “new Dubai,” including Dubai Marina, Palm Jumeirah, Jumeirah Lakes Towers, and Emirates Hills, amongst others.
When will I get my proof of ownership?
When you buy a piece of real estate, the last thing you want is for its value to decrease over the course of time. Is there a possibility that the value of the property will decrease over time? Do you intend to retain this for the rest of your life or sell it after a certain number of years? Depending on your use of the property, you should never forget to ask this question to the real estate broker you are working with to set your expectations before your purchase. Typically, the average rental return one can expect on a property is between 5% to 10%.
What are the extra charges when buying a property?
In the past, only citizens of the United Arab Emirates were allowed to legally own property in Dubai. On the other hand, in 2006 the government approved Regulation No. 3, which established defined regions in which non-citizens are permitted to own property. In these places, the purchase of property with freehold ownership by non-locals is permissible. Major freehold estates may be found in most areas of “new Dubai,” including Dubai Marina, Palm Jumeirah, Jumeirah Lakes Towers, and Emirates Hills, amongst others.
Firdaws Al Haya Advantage
When you buy a piece of real estate, the last thing you want is for its value to decrease over the course of time. Is there a possibility that the value of the property will decrease over time? Do you intend to retain this for the rest of your life or sell it after a certain number of years? Depending on your use of the property, you should never forget to ask this question to the real estate broker you are working with to set your expectations before your purchase. Typically, the average rental return one can expect on a property is between 5% to 10%.
