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What you always wanted to know

Some insights for buying a property in Dubai

In our detailed FAQ section you will find comprehensive information on all relevant aspects of buying real estate in Dubai. Find out about the purchase process, the legal framework, optimal locations and much more. If your specific question is not listed, please do not hesitate to contact us. We are here for you.

Dubai has an extremely thriving real estate market with high rental yields and excellent appreciation potential. The city offers tax-free income and an excellent infrastructure with modern airports and a well-developed transportation network. Dubai has a strategically good location and good connections between East and West. There are of course many other advantages that we would like to discuss with you personally.

Yes, as a German, Austrian or Swiss person you can purchase real estate in Dubai. In most areas of Dubai there are no restrictions on the purchase of property by foreigners, with the exception of a few designated areas.

Dubai offers a wide range of real estate, including apartments, villas and townhouses. The city is known for its luxurious and high-end properties, but there are also more affordable options and also offer extensive amenities. The choice of area will be important, whether you want to live on the waterfront or in a community/villa.

No visa is required for the purchase of real estate in Dubai. However, if you wish to live in Dubai, you must apply for a visa to stay in Dubai. If you own a property in Dubai, you can apply for a residence visa. You can even obtain a Golden Visa, which allows you to stay for 10 years. Of course, we also accompany this process as part of a transaction and guide you through the administrative jungle.

There are several financing options available for buying a property in Dubai, including mortgages from local and international banks, developer financing and private financing. It’s important to work with a trusted advisor to determine the best financing options for your specific situation. With our legal advisors, we are of course also able to support you in this process neutrally and with all our experience.

The Dubai Land Department (DLD) charges a comparatively moderate fee, which has only a minimal impact on the overall budget. Notary fees are also relatively low here. In total, these fees amount to around 4% of the purchase price. It is important to include these costs in your calculation to get an accurate picture of your investment.

It is also worth noting that estate agent fees only apply to the purchase of an existing property. If you decide to buy an “OFF-Plan” property, the estate agent’s commission is paid by the developer. Therefore, working with an experienced broker can be extremely beneficial for you. Such a broker is not only at your side during the purchase process, but also in the pre- and after-sales area. You can rely on a reputable contact partner who not only looks at the deal, but can also guarantee comprehensive support throughout the entire process.

In Dubai, service charges, known to us as service charges, are an important aspect of buying a property. These service charges average around AED 16 per square foot per year. (1 sqm = approx. 11 SqFt)
However, it should be noted that this value is heavily dependent on the construction quality of the building, which in turn is influenced by the developer and the fittings. In other words, the higher the quality of a building’s equipment, the higher the service charges will generally be. An example of this is the famous Burj Khalifa, where the service charge is over 60 AED per square foot (SqFt). In contrast, you can expect to pay an average of around AED 17 per square foot in the marina and the service charge is borne by the owner and included in the rental price for rented properties.
The consumption costs such as electricity & water are registered by the tenant and paid directly to DEWA (Dubai Electricity and Water Authorities)
Air conditioning is usually provided via smart metering by the property management or tower management.

When buying a property in Dubai, it is important to work with a reputable and experienced real estate agent. Look for brokers who have a long track record of successful transactions, know the local market well and offer excellent customer service. We would be pleased to assist you with our expertise in real estate selection, but also in the execution of the transaction, legal review and tax structuring and other investments. All our partners are German or at least fluent in German.

What does "off-plan" market mean in Dubai?

The off-plan market for real estate in Dubai refers to the sale and purchase of properties that are still under construction or in the planning phase. Buyers can invest in these properties before they are completed, often at attractive prices and with flexible payment plans.

Dubai Offplan projects offer several advantages. Firstly, they often offer lower prices than completed properties. In addition, buyers can benefit from flexible payment plans and the potential for capital appreciation as the property nears completion. In addition, off-plan properties are often characterized by a modern design and state-of-the-art fittings, which is attractive to both investors and end users.

There are several ways to find off-plan real estate projects in Dubai. You can browse specific property websites that list off-plan properties, visit developer websites or contact us directly as we specialize in these off-plan properties for you in German-speaking countries. On request and after selecting the project, we will either visit the relevant developers together with you personally to provide you with all the valuable information about an interesting project or inform you directly.

Property developers usually offer different and flexible payment plans for off-plan projects. These plans include a down payment, followed by installment payments spread over the construction period. In most cases, the fee for the Dubai Land Department (DLD), the local building authority, of 4% is also due with the first payment.

Yes, financial institutions in Dubai offer financing options for the purchase of off-plan properties. We support you and offer a neutral assessment of potential financial institutions. Here, too, our legal experts offer their help to evaluate the best financial assistance for you

When buying real estate in Dubai, there are various additional charges levied by the Dubai Land Department (DLD – see below). In principle, the following components can be assumed:

  1. Land transfer tax: This fee amounts to 4% of the purchase price and is payable by the buyer.

  2. Processing fees: These costs may be incurred, but are then relatively low and negligible

  3. Broker commission: The commission is usually between 2% and 3% (sometimes a little higher) of the purchase price.

In principle, you can expect to pay around 7% of the purchase price. However, it depends on a number of factors that we take into account during the purchasing process.

A classic rental yield is between 6 % and 12 %. However, this depends on a number of factors, e.g.

  • Type of property
  • Location
  • Market situation and demand
  • Quality of the property.

Consequently, higher returns can be expected from attractive locations and high-quality real estate projects.

As with any investment, Dubai off-plan projects also involve risks. Delays in construction, changes in market conditions or unforeseen circumstances may affect the completion and handover of the property. It is therefore important for us to inform you thoroughly before you buy, to assess the reputation of the developer and to check the terms of the contract through our lawyers. However, we have focused on major property developers so that you can invest with peace of mind.

The Real Estate Regulatory Authority of Dubai (RERA) has issued regulations to protect buyers of off-plan properties. The developers must obtain the necessary permits, provide financial guarantees and register the projects with the RERA. The buyers receive a contract in which their rights, payment deadlines and contractual penalties in the event of delays are set out. It is therefore advisable to seek final advice from our local German legal experts who are familiar with real estate in Dubai to ensure that your rights are protected.

How can we help you?

There are several decisive reasons for buying a property in Dubai with us:

  1. Expertise and experience:

    We have extensive knowledge of the Dubai real estate market. We can give you sound advice from A-Z and help you make the right decision. We have access to our legal department, which can also help you if necessary. Our tax experts based in Germany have also focused their knowledge on the UAE and optimize the tax burden wherever possible.

  2. Diverse real estate selection:

    We offer you access to an endlessly wide range of real estate options in Dubai to suit your needs and preferences. Whether you are looking for luxury properties, apartments, villas or plots of land, we have the right offer for you. Unfortunately, in such a fast-moving market, we can’t put all of our properties online. There is no exclusive marketing in Dubai as there is in Germany, Austria or Switzerland.

  3. Exclusive offers:

    As estate agents, we often have access to exclusive real estate offers that are not publicly available on the market. This gives you access to unique and attractive properties.

  4. Legal support:

    Buying real estate in Dubai can be complex, especially for foreign buyers. We provide you with legal support to ensure that the purchase runs smoothly and complies with the law.

  5. Negotiating skills:

    We will act with you or on your behalf in negotiations with sellers to achieve the best price and conditions for your dream property.

  6. Local market knowledge:

    We know the Dubai real estate market inside and out and can give you valuable insights into the different neighborhoods and districts to help you make your decision.

  7. Customer service:

    Customer satisfaction is our top priority. We strive to provide you with first-class customer service and accompany you personally and professionally through the entire purchasing process. Every day and around the clock.

  8. investment potential:

    Dubai is known for its attractive investment potential in the real estate market. As real estate agents, we can show you which properties have high growth potential and could represent a profitable investment.

  9. Network:

    Thanks to our extensive network, we have access to potential buyers and sellers, which can speed up and facilitate the process of buying real estate in Dubai.

  10. After-sales support:

    Our service does not end with the purchase. We also offer after-sales support to ensure that you are well looked after after the purchase of the property and that any concerns or questions are resolved. Maybe you still want an object 😉

With us at your side, you can make the process of buying a property in Dubai successful and stress-free and find your dream property/investment in this dynamic city.

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