Can everyone buy property in Dubai?
Yes. A trend-setting policy has enabled even Non-U.A.E nationals to buy property in select areas of Dubai exquisitely developed in grandeur and style.

Is Residence visa/permit a pre-requisite to venture into real estate?
No. On the contrary an acquisition of a freehold property makes the buyer and his immediate family eligible for Residence visa. The residence visa has to be processed and renewed every 3 years as per the prevalent immigration rules.

How do I decide the price of a property?
The property price is determined by perusing sale data of recent transactions of similar proportions, refurbishing undertaken on the property, potential projections of the value and market dynamics.

What are the facilities for loans and mortgages in the Dubai realtor scenario?
Dubai Best Homes offers best possible bargain for loans to the tune of 80% of the investment on mortgages spanning for period of 5-25 years, for the interest rates on par with US and UAE markets.

What are the modalities of payment?
The buyer has to make an initial down payment 10 %of the purchase price; at the time of signing the contract and the rest are made in stages at specified intervals through to completion in case of ongoing projects.

How much premium can I anticipate on my investments?
There are primarily two segments in the arena, one exclusively for U.A.E nationals and the other open to foreign nationals also. The realtor market is still in the process of shaping its fundamentals, however the recent sale records indicate minimum 10-25% premium on investments.

What are the charges the customer has to pay for the services?
The firm charges nominal fees of 1% on the sale price for the property from both the buyer and seller for facilitating the transactions.

Which are the popular areas amongst buyers of foreign nationalities?
The most popular projects are, “The Palm Jumeirah”, “The Palm Jabel Ali”, The Dubai Marina Area, Dubailand, and International city, which are sought after and earmarked even for foreign nationals to buy.

What does the terminologies base price, selling price and premium mean to the customer?
The initial price offered by the developer for the property is the base price; the selling price is the value of the property prevailing in the market in the current context. The premium is the amount of money the investor accrues for selling a property, which is deduced by deducting base price from the selling price.

What are the taxes payable by a buyer?
There are no taxes for buying or selling of the property.
However a fee of 1.5% on the selling price is charged by the Lands Department for registration of sale deed. This is applicable on all kinds of properties. And the charges have to be paid by the buyer of the property. In case of mortgage, 0.25% of the value of the loan has to be paid.
And there are no Capital Gain Taxes for selling the property on a premium.

Any other additional charges that the buyer is levied upon?
A service charge has to be paid by the buyer to the developer for the services pertaining to maintenance of basic amenities of the premises.

Is the Buyers ownership right of the property protected by law?
Yes. After the registration of the sale deed with the Lands Department, the ownership right of the property is legally protected by the UAE laws.