F.A.Q.

Welcome to our FAQ section! Here, we’ve compiled answers to some of the most common questions we receive about our products/services. If you don’t find what you’re looking for, feel free to reach out to us directly for further assistance. We’re here to help!

Real estate investment in Dubai is the purchase of real estate, such as apartments or houses, for investment or residence purposes.

Dubai is a popular place for real estate investments due to its strategic location in the middle between Europe and Asia, economic growth, modern infrastructure, warm and sunny climate, political stability and maximum security.

The benefits of real estate investing in Dubai include potential growth in value, a regular income stream through rental and the chance to live in a dream location.

The risks of real estate investing in Dubai can be caused by fluctuations in the real estate market, high interest rates, and difficulty in managing the property remotely.

Dubai offers diverse real estate investment opportunities due to its dynamic real estate market and include luxury real estate projects, tourism development and fast-growing residential neighborhoods.

The law provides for a visa for real estate investors under the following conditions:

  1. The property must have a minimum value of AED 750,000 and must be fully paid for.
  2. The property must be ready and the visa is attached to it, so it is canceled once it is sold.
  3. The visa is renewable every 2 years.
  4. The visa status reflects the investor

Yes, you can get a mortgage on the ready property up to 50%, depending on the documentation from your country of residence. The process is not complicated and we can provide the service with a professional consultant.

Yes, you can open a savings bank account with online banking without the requirement of having a resident or investor visa.

No, the process of buying a property is well managed in the UAE and government bodies have made the process simple and investor-friendly. This is why buyers do not have to be physically present in Dubai to make real estate investments. All processes are managed and carried out by developers and brokers licensed and registered with the Dubai Land Department (the government authority for selling properties).

Likewise, once the property is ready, your broker can play a vital role in taking delivery. Once the instruction has been passed from you to the developer stating your intermediary to take the keys to the apartment and rent it on your behalf, providing you with services such as handling tenant issues and receiving payments on your behalf, depositing to your account or by arranging an online payment transfer.

When the property is ready, your broker, through a power of attorney, can play a fundamental role in taking delivery of the property and managing the bureaucratic and technical part of renting it out, providing all the essential services such as the preparation of contracts, the receipt of payments and the transfer of the sums to the account indicated by you, the possible management of maintenance and everything necessary for the investment to produce the maximum return.

You can protect your property investment in Dubai by choosing well-located and well-built properties, diversifying your portfolio and taking on appropriate insurance coverage.

The laws that regulate the purchase of real estate in Dubai are the Real Estate Law (Law No. 27 of 2007) and the Real Estate Dealings Regulation Law (Law No. 33 of 2008).

You can check the safety of your property ownership in Dubai by researching the laws and regulations in place, as well as consulting real estate professionals. Dubai attracts investors from all over the world and real estate is one of the largest sectors contributing to its GDP. The government takes utmost precaution in safeguarding investors’ money through RERA (Real Estate Regulatory Authority), Dubai Land Department and escrow account facilities to support safe and secure transaction.

The progress of the projects can be monitored timely from the RERA website. If there is a delay on the part of the developer in a normal circumstance without justification, you can seek compensation by involving the RERA authorities.

You can purchase real estate in Dubai through a local real estate agency or lawyer by checking the property requirements and completing the necessary formalities.

Costs associated with purchasing real estate in Dubai beyond the purchase price are real estate taxes, transfer fees and real estate commissions.

Financing opportunities for real estate investments in Dubai include real estate mortgages, short-term financing, and private equity investments.

To purchase a property in Dubai it is essential to have a valid passport or residence visa.

Payment options accepted for purchasing property in Dubai include cheques, bank transfers and bank financing.

There is no tax by the UAE government on residential property nor does it have any capital gains or inheritance tax.

The buyer has the right to purchase the property according to the terms of the contract, while the seller has the duty to sell the property in good condition and deliver the property to the buyer.

The average price of a property in Dubai depends on the location, size and features of the property. In general, prices range from a few hundred to millions of dirhams.

Yes, it is possible to buy a property in Dubai as a foreigner, but you must meet the requirements of local property laws.

All payments made in the primary market are paid directly to the developer’s account or to the seller’s account (in case of secondary transaction) except that the brokerage is paid to the Deja Vu real estate account as committed before signing the agreement, if any.

The rental income from a property can easily average 7% to 10%, depending on whether the rental is short or long term.

All payments made in the primary market are paid directly to the developer’s account or to the seller’s account (in case of secondary transaction) except for consultancy which is paid to the Elite Bricks Real Estate account.

Rental opportunities for real estate investors in Dubai include the demand for luxury accommodation, apartments for tourists, for people who periodically do business and affordable housing for the middle class.

Challenges in managing a real estate property in Dubai include the need to manage the property remotely, managing tenants, and the need to keep the property in good condition.

The requirements for renting a property in Dubai include submitting a copy of your passport or residence visa, a personal guarantee and a security deposit.

Costs associated with renting a property in Dubai include agency commission, contract registration fees and security deposit.

Payment options accepted for renting a property in Dubai include cheques, bank transfers and online payments.

Yes, it is possible to rent a property in Dubai as a foreigner, as long as you have a valid visa and proof of income.

The duration of the rental contract for a property in Dubai for long periods is one year, while for short periods it depends on the needs of the tenant.

The laws that regulate the rental of property in Dubai are the Dubai Real Estate Rental Law (Law No. 26 of 2007) and the Real Estate Dealings Regu-lation Law (Law No. 33 of 2008).

Yes, it is possible to rent a property in Dubai for a shorter period than a year, but prices are generally higher than for an annual contract.

If the owner decides not to renew the rental contract, the tenant has the right to occupy the property until the contract expires.

The tenant has the right to live peacefully in the property and use all its features, while the owner has the duty to keep the property in good condition.

The law is simple and promotes fairness. The rental contract is automatically renewed subject to a different expression by the tenant which must be made 90 days before expiry. If the owner needs the apartment for personal use, he must give one year’s notice.

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