We guide you step by step from selection to handover. And if you want, we can also take care of rental during the time when you don't use the apartment.
You reserve your apartment and we send your personal documents and personal data to the developer for preparing contract materials
Developer sends a contract proposal along with a payment schedule.
Memorandum of Understanding
Head of Terms
Purchase offer
You pay 10% – 30% of the purchase price + acquisition fees (for registration in the land registry)
Within approximately 30 days you are registered in the land registry and receive a written purchase contract printed from the Dubai land registry for signature and return.
During construction you pay regular installments and upon completion the purchase price is paid in full - depending on conditions. It is possible to apply for a mortgage directly in Dubai up to 50% LTV.
We can set up a short-term rental system for you during the time when you don''t use the apartment. The investment can thus pay for itself in just 10 years.
A property whose construction has not yet begun or is still in the planning phase is called "off-plan".
When buying property in Dubai, the following documents are required:
Valid passport
Emirates ID card (if you are a UAE resident)
Reservation form
Credit card payment form, if paying by card (usually for foreign clients)
Completed CIF, i.e. customer information form (in some cases)
Yes, you can sell an off-plan property before its completion date.
If you are unable to complete payment for an off-plan property, the developer has the following rights:
If 80% of construction is completed, the developer can keep all money received from the buyer and sell the unit at public auction to recover payments, or can deduct more than 40% of the purchase price and cancel the contract.
If 60% of construction is completed, the developer can deduct 40% of the purchase price and withdraw from the contract.
If construction has started but not reached 60%, the developer can deduct 25% of the purchase price and withdraw from the contract.
If circumstances arise that the developer cannot influence and which prevent completion of construction, the developer is entitled to deduct 30% of the purchase price and withdraw from the contract.
The advantage of buying a new build is certainly that prices are somewhat lower. In addition, you often have a greater choice and apartments and interior furnishings are new. In addition, there is lower administrative burden when buying a new construction project.
Once the property is delivered to the buyer, it must be registered in their name at the Dubai Land Department (DLD). If the property owner is unable to register their property themselves and obtain a title deed, they can appoint someone with a notarized power of attorney.
After receiving the original purchase contract, the off-plan property must be registered in the temporary register using the Oqood system. Once the property is ready, a title deed will be issued in the homeowner's name.
In addition to the set fee for document preparation, a registration fee of 4% of the property value must be paid.
Property ownership in Dubai was previously limited to UAE citizens. However, in 2006, the government approved Decree No. 3, which established specific areas where non-citizens can also acquire property. Foreigners can buy property for ownership in certain locations. In most areas of "new Dubai", including Dubai Marina, Palm Jumeirah, Jumeirah Lakes Towers and Emirates Hills, large houses are available for foreign ownership.
"Freehold property" is a type of property purchase where the buyer acquires ownership of both the land and the residential unit. They are the owner of the land and are listed on the title deed. The owned property can be inherited by the title deed holder. The freehold property owner has the right to rent, occupy or sell their dwelling. If in accordance with local laws and regulations, the owner can use the land for any purpose.
The most popular areas for foreigners where they can buy property are Dubai Marina, Emirates Hills, Al Barsha and Palm Jumeirah. Freehold properties were introduced here to support foreign investment in Dubai.
Emirates Real Estate Solutions offers developers an online tool called Oqood, which is the Arabic term for "contracts". It facilitates property registration between developers and buyers.
Ownership means that the buyer is the full owner of the property and their name is listed on the title deed. While leasehold refers to renting property for up to 99 years and lasts longer than 10 years. It cannot be fully purchased.
The purchase fee on the primary market at all DLD registration offices is 4,000 AED for transactions over 500,000 AED and 2,000 AED for transactions below this amount. Fees are payable in cash and parties pay them by agreement.
For purchases on the secondary market, total fees include 2% commission (for sales agent or broker), NOC fee [max. approx. 5,000 AED] and transfer arrangement fee [4,000 AED].
The Dubai Land Department (DLD) is a government entity in Dubai that oversees all real estate business operations. Its main task is to legalize the sale and purchase of land, promote investment and provide customers with a highly integrated, transparent and secure real estate service.
Escrow accounts serve as a form of third-party financing and allow the merchant access to the provided funds (from the buyer) after signing an escrow agreement. Money is returned to the buyer if the merchant does not comply with the contract terms.
Escrow accounts have a very specific purpose in the real estate market in the United Arab Emirates. According to the escrow account law in the United Arab Emirates, developers of many projects are required to establish a separate escrow account for each project. This controls the financing that developers receive from buyers for the purpose of project construction and ensures protection of funds belonging to buyers.
Yes, it is possible to buy property for cash, but nowadays this happens very rarely. Usually the transaction is carried out using a manager's check issued by a bank. This is a payment promise issued by the bank. This means that the bank guarantees that the check is covered.
The United Arab Emirates is a tax-free state, which means that neither property nor income from it is subject to taxation. However, the property owner is responsible for annual maintenance and service fees and must pay them to the management company with which the owners' association has a contract. Payments are made once to four times a year in an average amount of 10 to 30 AED per square meter depending on the project and services offered.
Depending on the type of property, location and service charge costs, the average net yield (after paying the service charge) ranges from 5% to 10% annually. Although rent is higher, more luxurious and expensive houses usually provide a lower percentage of rental income.
If you own property worth at least 750,000 AED, you can apply for an investor visa for two years. If you own property worth more than 2 million AED, you can apply for a 10-year visa.
Yes, you can get a mortgage on property in Dubai.
Yes, you can sell your property further if you have a mortgage on it. To get permission to sell, you need to pay off the mortgage to the bank. Conditions vary between banks.
If it is a purchase of property from a seller, the buyer and seller sign a memorandum of understanding. A memorandum of understanding is an agreement between the seller and buyer on the terms of the sales transaction.
If you buy property directly from a developer, a property purchase agreement is signed. The purchase agreement or SPA is an important document that you sign with the developer and which contains all agreed terms relating to the purchase transaction.
The average property transaction in Dubai takes approximately 30 days from signing the sales contract.
When buying an existing property, there are significantly fewer risks. You buy what you see.
