Frequently Asked Questions

The term “property transfer fee” in Dubai refers to the administrative charge levied by the primary developer when transferring ownership of a property to another individual. It is a fee that must be paid during the process of transferring property rights.

Can I get a residency visa when buying a property in Dubai?
Absolutely! When you make the decision to invest in a property in the stunning city of Dubai, you open up an exciting opportunity to potentially obtain a highly sought-after residency visa. The government of Dubai has introduced a prestigious program known as the “Golden Visa,” which grants property owners and investors the privilege of long-term residency in the United Arab Emirates (UAE). This remarkable initiative aims to encourage foreign investment and attract talented individuals who can contribute to the growth and development of Dubai’s thriving economy.

Under the Golden Visa scheme, as a property owner in Dubai, you have the potential to secure a residency visa that allows you to reside in the UAE for an extended period of time. This offers a multitude of benefits, including the ability to live and work in Dubai without the need for frequent visa renewals, providing a sense of stability and ease in your personal and professional endeavors.

However, it’s important to note that the specific requirements and eligibility criteria for obtaining a residency visa through property ownership may vary and are subject to the regulations set forth by the government. It is advisable to seek guidance from the relevant authorities or consult with a professional immigration consultant who can provide you with accurate and up-to-date information tailored to your individual circumstances.

By leveraging the opportunity to invest in a property in Dubai, you not only gain a valuable asset in a world-class real estate market but also potentially open doors to a new chapter of your life, filled with exciting possibilities and the privilege of calling this vibrant city your home.

In Dubai, if a property is not completed on time, there are provisions in place to protect the rights of property purchasers. The Real Estate Regulatory Agency (RERA) regulates the real estate sector in Dubai and has implemented certain regulations to address project delays. According to these regulations, developers are required to adhere to specific completion timelines and can face penalties if they fail to meet these deadlines.

If a property is not completed on time, the developer may be liable to pay compensation to the purchaser. The amount of compensation can vary depending on the specific circumstances and the terms outlined in the purchase agreement. Additionally, purchasers have the right to terminate the contract and seek a refund of the amount paid if the developer fails to complete the project within a specified period.

It is important for property purchasers in Dubai to carefully review the purchase agreement, including the provisions related to project completion and penalties for delays. It is advisable to seek legal advice to understand the rights and remedies available in case of project delays.

If a developer fails to complete a project within a specified period in Dubai, property purchasers have several options to address the situation. Here are some of the available options:

1. Negotiation: The first step is to communicate with the developer and express your concerns regarding the delay. You can try to negotiate with the developer to find a mutually acceptable solution, such as an extension of the completion timeline or compensation for the delay.

2. Termination of Contract: If the delay is significant and the developer is unable to provide a satisfactory resolution, property purchasers have the right to terminate the contract. This allows the purchaser to seek a refund of the amount paid, including any installments or deposits made.

3. Escrow Account: In Dubai, developers are required to deposit funds into an escrow account for off-plan projects. This account acts as a safeguard for property purchasers. If a project is significantly delayed, purchasers can file a complaint with the relevant authorities, such as the Dubai Land Department or the Real Estate Regulatory Agency (RERA), and request the release of funds from the escrow account.

4. Legal Action: If negotiations and other options fail, property purchasers can consider taking legal action against the developer for breach of contract. This may involve filing a lawsuit or arbitration proceedings to seek compensation for the delay and any associated damages.

It is important for property purchasers to seek legal advice and thoroughly review the purchase agreement to understand their rights and remedies in case of project delays. Additionally, staying informed about the regulations and guidelines set by RERA can help ensure that your rights as a purchaser are protected.

The escrow account in Dubai for off-plan projects serves the purpose of protecting property purchasers by ensuring that the funds they invest are used exclusively for the construction and completion of the specific project. It promotes transparency, accountability, project completion, and investor confidence in the real estate market.

To buy a property in Dubai, you will typically need the following documents:

1. Passport Copies: Copy of the passport of the buyer and the seller (if applicable).

2. Visa Copy: Copy of the buyer’s residence visa (if applicable).

3. Emirates ID: Copy of the buyer’s Emirates ID (if applicable).

4. No Objection Certificate (NOC): If the buyer is employed, a NOC from their employer is required.

5. Proof of Address: Utility bill or tenancy contract as proof of the buyer’s address.

6. Sale Agreement: The sales agreement between the buyer and the seller.

7. Title Deed: Copy of the property’s title deed.

8. Mortgage Details: If the purchase is financed through a mortgage, the mortgage details need to be provided.

To sell your property in Dubai, you can follow these steps:

1. Price your property: Determine the value of your property by considering factors such as location, size, condition, and market trends.

2. Hire a real estate agent: Engage a reputable real estate agent who specializes in selling properties in Dubai. They will help you market your property, find potential buyers, and negotiate the sale.

3. List your property: Ensure that your property is listed on popular online real estate portals and other relevant platforms to maximize exposure.

4. Prepare documentation: Gather all the necessary documents related to your property, such as title deed, NOC (if applicable), and any other relevant paperwork.

5. Market your property: Collaborate with your real estate agent to create attractive listings with high-quality photographs and detailed descriptions. Utilize online and offline marketing strategies to reach potential buyers.

6. Showings and negotiations: Allow potential buyers to view your property and negotiate the terms of the sale. Your agent will guide you through this process.

7. Accept an offer: Once you receive an acceptable offer, agree on the terms and conditions of the sale with the buyer.

8. Transfer of ownership: Complete the necessary paperwork, such as the sale agreement and transfer of property ownership, with the assistance of a lawyer or your real estate agent.

9. Settlement and handover: Coordinate with the buyer and relevant parties to settle any outstanding payments, clear any mortgages or fees, and arrange for the handover of the property.

It is advisable to seek professional guidance from a professional real estate agent to ensure a smooth and successful sale.

Yes, you can include your family members under the visa obtained through property ownership in Dubai. The visa allows you to sponsor your immediate family members, including your spouse and children.

Sure! Here is the information again:

Yes, you can include your family members under the visa obtained through property ownership in Dubai. The visa allows you to sponsor your immediate family members, including your spouse and children.

To sponsor your family members, you will need to provide the following documents:

1. Marriage Certificate: If you are sponsoring your spouse, you will need to provide a valid marriage certificate attested by the relevant authorities.

2. Birth Certificates: If you are sponsoring your children, you will need to provide their birth certificates attested by the relevant authorities.

3. Passport Copies: Provide passport copies of your family members, including their valid passports with a minimum six-month validity.

4. Medical Insurance: Obtain medical insurance for your family members. The insurance coverage should meet the minimum requirements set by the Dubai Health Authority (DHA).

5. Additional Fees: There may be additional fees associated with sponsoring your family members, such as visa application fees and medical fitness test fees.

It is important to note that the eligibility to sponsor family members may depend on factors such as your income, accommodation, and the specific visa category. It is advisable to check with the General Directorate of Residency and Foreign Affairs (GDRFA) or consult with a professional immigration advisor for the most accurate and up-to-date information regarding sponsoring family members under your property visa in Dubai.

These fees are payable to the Dubai Land Department (DLD) and are as follows:

1. Per Title Deed Fee: AED 250
This fee is charged for issuing each title deed in the new owner’s name.

2. Land Map Fee (outside Dubai Municipality jurisdiction): AED 100
If the property is located outside the jurisdiction of the Dubai Municipality, this fee is applicable for obtaining the land map.

3. Unified Land Map Fee (with Dubai Municipality): AED 325
For properties located within the Dubai Municipality jurisdiction, this fee is payable for obtaining the unified land map.

4. Apartment/Villa Map Fee: AED 250
This fee is charged for obtaining the map of an apartment or villa being transferred.

5. Knowledge Fee: AED 10
This fee is charged for the Dubai Land Department’s knowledge development initiatives.

In Dubai, service charges are paid when buying a property to cover the ongoing maintenance and management costs of the common areas and shared facilities within a development or community. Here are a few reasons why service charges are required:

1. Maintenance and Repairs: Service charges contribute to the regular upkeep, repair, and maintenance of common areas such as swimming pools, landscaped gardens, gymnasiums, elevators, and parking areas. This ensures that these amenities are well-maintained and in good working condition for all residents.

2. Facilities and Amenities: Dubai properties often come with a range of shared facilities and amenities, such as security services, 24-hour concierge, play areas, and community centers. Service charges help fund the operational costs and staffing required to maintain these facilities.

3. Professional Management: Service charges also cover the costs of professional property management services. These services include administrative tasks, financial management, security personnel, and customer service assistance. A well-managed property enhances the overall living experience and protects the value of the investment.

4. Community Services: Service charges may also contribute to the provision of additional community services, such as waste management, landscaping, pest control, and general upkeep of the common areas. These services help create a clean, safe, and pleasant living environment for all residents.

5. Utilities and Insurance: In some cases, service charges may include the cost of utilities for common areas, such as electricity and water. Additionally, service charges may also cover insurance for the building and common areas, providing protection and peace of mind for property owners.

Service charges can vary depending on the property and its management company.

DLD stands for Dubai Land Department. It is the government entity responsible for the regulation and registration of real estate in Dubai, United Arab Emirates. The DLD plays a crucial role in ensuring transparency, efficiency, and security in the real estate sector. It oversees various activities related to land and property, including property registration, title deeds issuance, property valuation, and regulation of real estate brokers and companies. The DLD’s mission is to create a sustainable real estate environment that contributes to the growth and development of Dubai’s economy.

The Dubai Real Estate Regulatory Agency (RERA) plays a crucial role in overseeing the real estate sector in Dubai. Its main responsibilities include regulating and supervising the real estate market, protecting the rights of buyers and investors, ensuring transparency and fairness in transactions, and promoting sustainable practices within the industry.

RERA sets guidelines and regulations that developers, brokers, and property owners must adhere to. It registers and approves real estate projects, ensuring that developers have the necessary permits and financial guarantees in place. RERA also monitors construction timelines to prevent delays and holds developers accountable for any violations or breaches of regulations.

Additionally, RERA provides a platform for dispute resolution between buyers and developers, ensuring that grievances are addressed in a fair and timely manner. It also maintains a comprehensive database of real estate projects, transactions, and laws, providing valuable information to buyers and investors.

Overall, RERA’s role is to create a transparent and regulated real estate market, protect the interests of buyers and investors, and enhance the reputation of Dubai as a desirable destination for real estate investment.

A freehold property is a type of estate where the owner has unrestricted ownership rights, independent of any other entities. This means that the owner has complete control over the property without any limitations, as long as they adhere to local regulations.

Having a freehold title grants the owner the highest level of private property ownership. They have the absolute authority to occupy, utilize, and enjoy the property indefinitely, or until they choose to transfer the ownership to another individual. Upon the owner’s demise, their heirs have the right to inherit the property and its title.

The purchase process typically begins with both the prospective buyer and seller coming to an agreement by signing a Memorandum of Understanding (MOU). This agreement outlines the buyer’s commitment to purchase the property and the seller’s commitment to sell the property. During the purchase transaction, the buyer is required to provide an initial booking deposit, which should not exceed AED 100,000 for villas and apartments, to the seller.

In the event that the buyer decides to withdraw from the transaction, the booking deposit is forfeited. Conversely, if the seller withdraws from the transaction, the booking deposit is refunded to the buyer. Once the property is officially transferred to the buyer, the remaining balance is paid to the seller.

Off-plan property refers to a property that is sold before it is constructed or completed.

When buying off-plan property in Dubai, there are protections in place to safeguard your investment. The Dubai government has regulations that require developers to register projects, provide financial guarantees, and adhere to construction timelines. The Dubai Real Estate Regulatory Agency (RERA) oversees the sector and sets guidelines. It is advisable to work with a reputable developer, review the agreement, seek legal advice, and make payments through escrow accounts. However, conducting due diligence and understanding the investment risks is still important.

a) Wondering about the charges imposed by sales agents?
It’s typically 1% to 2% of the property value.

b) Curious about the transfer fee for property transfer between family members?
It’s the same as mentioned above.

c) Concerned about the need for both parties to be physically present for the transfer?
No worries! Remote transfers are possible with properly notarized power of attorneys.

d) Interested in the validity of residence visa after a sale?
It’s usually valid for 30 to 45 days after the property is sold, after which it is canceled.

a) How are payment schedules structured and what currency is used?
– There are 4 payment installment methods: Schedules A, B, C, D.
– Discount available for upfront payments.
– All payments must be made in AED (UAE Dirhams).
– Exchange rate: 1 USD = 3.68 AED, AED fluctuates against GBP (as of the report date: 1 GBP = 5.56 AED).

b) What forms of payment are accepted?
– Wire Transfer
– Bankers Draft
– Money Order
– Credit Card (accepted at a later date)

c) Does the building owner issue receipts for each payment?
– Yes, receipts are issued for every payment made.

d) Will the building owner provide monthly statements of account?
– No, statements are not provided. Receipts are sent only when an installment is received.

e) Is there a penalty for late payments?
– Yes, late payment interest is charged at the rate of LIBOR + 4%.
– If the payment of 3 installments is delayed, the seller may cancel the sale and up to 30% of the unit’s value may be forfeited.

f) Who should payments be made to?
– If the property purchaser buys the unit without financing, payments should be made in AED via bankers draft or telex transfer directly to the building owner.
– Payments should not be made to agents unless authorized in writing by the building owner.

Advantages of purchasing directly from developers in the primary real estate market:

1. Early access to a wider selection of units.
2. Customization options for personalization.
3. Potential for property appreciation.
4. Developer incentives and discounts.
5. Warranty and quality assurance.
6. Easier financing options.

Buying from developers offers unique advantages not found in the secondary market.

The primary real estate market encompasses a range of new properties, including both recently launched projects and ongoing developments from developers. It is where buyers have the opportunity to purchase brand new properties directly from the developers themselves.