With the real estate market favorable to buyers, those who are looking for investing in properties, the best areas for villas and apartments are good to be aware of.
More people prefer to buy apartments these days and the prime locations for flats are
1: Dubai Marina
2: Downtown Dubai
3: Jumeirah lake towers
4: Dubai Silicon Oasis
5: International City
When it comes to villas, the best areas/ Communities are
1: AKOYA DAMAC HILLS 2
2: ARABIAN RANCHES
3:DUBAI HILLS ESTATE
4:PALM JUMEIRAH
5: JVC
it is important to choose the right location for Dubai real estate investments, as it can affect the Return on Investment in a few years of time.
Yes, Foreigners can buy properties in areas designated as freeholds in Dubai.
Freehold ownership over properties or leasehold rights can be acquired by expatriate residents or foreigners who are not living in the country, for up to 99 years.
The high standard of living, world-class infrastructure, stable and mature Dubai property market, competitive prices, and high rental yields make Dubai a good place to buy property.
With the real estate market favourable to buyers, those who are looking for investing in properties, the best areas for villas and apartments are good to be aware of.
More people prefer to buy apartments these days and the prime locations for flats are
1: Dubai Marina
2: Downtown Dubai
3: Jumeirah lake towers
4: Dubai Silicon Oasis
5: International City
When it comes to villas, the best areas/ Communities are
1: AKOYA DAMAC HILLS 2
2: ARABIAN RANCHES
3:DUBAI HILLS ESTATE
4:PALM JUMEIRAH
5: JVC
It is important to choose the right location for Dubai real estate investments, as it can affect the Return on Investment in a few years of time.
After a strong recovery in 2021, Dubai property prices are likely to show an upward trend in 2022 despite a challenging environment worldwide in the situation of the Covid-19 pandemic, experts say.
A recent survey forecasts Dubai property prices to rise in 2022.
The survey predicts that the residential property market in Dubai to be on a steady course for a couple of years with a modest rise in prices.
The foreign property ownership decree was issued in 2002- allowing non-UAE citizens to own properties in Dubai, after which the city’s property market saw a huge boom and resulted in overseas investment.
Be it a long-term investment, off-plan, or ready-to-move-in apartments or villas, Dubai offers many investment opportunities in the real estate residential sector.
Dubai government has implemented a set of laws to protect both buyers and sellers in Real estate investment.
The Dubai Land Department is regulatory to handle all the matters related to real estate transactions.
Dubai is expensive when it comes to housing expenses.
But, the price per square foot for a property is lower when compared to many other cities globally, which makes Dubai an affordable location to own prime real estate.
Generally, buying properties in Dubai is safe. The Dubai Land Department which is the regulatory handling all the matters related to real estate in Dubai, has rules protecting both the buyers and sellers.
The tenancy agreement is a contract between the owner of the property and the tenant.
It lists all the terms and conditions of the contract and the policies and duties for both the tenant and the owner.
1: Copy of Passport
2: Copy of Valid Residency visa
3: Copy of Emirates ID
4: Security Deposit and Agency(Commission/Broker) fees(if required).
5: Post-dated cheques as per the payment plan
Once the tenancy contract is generated, you can download it from the Dubai Land Department website (https://dubailand.gov.ae/en/)or from the Dubai REST – Emirates Real Estate Solutions App available.
Ejari means ‘my rent’ in Arabic.
It is the registration of your tenancy contract.
Furthermore, Ejari is a lease management system that caters for your entire “end to end” rental needs.
Ejari offers a set of services such as registration, renewal, cancellation, transfers, and termination of your rental contract.
Ejari is mandatory to avail some services like a renewal of residence visa, acquiring internet connection, commercial license, employing domestic help, and the Dewa (Dubai Electricity and Water Authority) registration.
As the name says, the property transfer fee is the registration fee for transferring property from buyer to seller. The transfer fee for the sale or purchase property transactions is 4 percent of the selling price.
The fees may be split between the buyer and the seller and are negotiable.
The amount depends on the actual value of the property as well as the terms and conditions of the transaction.
The transfer fee for the sale or purchase property transactions is usually 4 percent of the selling price, plus an AED 540 admin fee.