How can I resell a property I purchased in Dubai?
To resell, you’ll need a market valuation, a buyer, and a signed MOU (Memorandum of Understanding). Once the buyer pays a deposit (typically 10%), you obtain a No Objection Certificate (NOC) from the developer and complete the ownership transfer at the Dubai Land Department.
Can foreign investors get a mortgage in Dubai?
Yes, non-residents can apply for property financing in Dubai. Most banks offer mortgages covering up to 50–80% of the property value, depending on residency status and income. A 20–25% down payment and valid proof of income are usually required.
What’s the difference between buying a ready property and an off-plan one?
Ready properties can be rented or lived in immediately, offering instant returns. Off-plan properties in Dubai are typically cheaper and come with longer payment plans but involve waiting for completion and potential delivery delays.
How are investors protected under Dubai’s real estate laws?
Dubai has strict regulations via RERA (Real Estate Regulatory Agency). Developer funds from off-plan projects must go into escrow accounts, ensuring they’re only used as construction progresses. Buyers are also protected by standardized contracts and legal dispute resolution channels.
Are there any taxes on real estate in Dubai?
There are no annual property taxes or income tax on rental income for individuals. You’ll only pay a one-time 4% property registration fee and annual service charges for property maintenance. This tax-free model boosts net returns on real estate investment in Dubai.
What are the real estate market forecasts for Dubai in 2025?
Dubai real estate in 2025 is expected to show stable growth, driven by population expansion, investor demand, and major new developments like Dubai Creek Harbour and Expo City. Prices are likely to rise moderately, with strong performance in both luxury and mid-range segments.
What are the steps to buying a property in Dubai for the first time?
Start by choosing a property and signing a reservation agreement. Pay the booking deposit, secure financing (if needed), and sign the Sales and Purchase Agreement (SPA). Finalize the deal with a title transfer at the Dubai Land Department.
Can I invest in Dubai real estate with a limited budget?
Yes, entry-level prices for apartments for sale in Dubai can start from AED 400,000 in areas like Dubai South, Arjan, or International City. With off-plan projects, you can start with just 5–10% down and pay the rest over time through flexible plans.
What should I consider when choosing the right investment property?
Focus on location, developer reputation, rental demand, and future growth. Compare rental yields in Dubai by area, check service charges, and understand local laws. Aim for properties in high-demand residential areas in Dubai with good amenities and infrastructure.
What are the risks of investing in real estate in Dubai?
Like any market, risks include price fluctuations, project delays, and rental vacancies. These can be mitigated by choosing established developers, researching areas with strong demand, and diversifying your investment across multiple real estate projects in Dubai.