Prime property across the UAE

Firstly you’ll pay a holding deposit to reserve the property whilst you navigate the exchange process, then within a few days, you’re expected to sign the reservation form and soon thereafter send over the deposit monies, often 20%. You’ll then send over the 4% Dubai Land Department cost and 4,000 AED Oqood fee, minus your holding deposit.

The funds are held in an escrow account with the Dubai Land Department when buying off-plan. The DLD regulates the property market in Dubai, offering your money security.

Dubai benefits from having one of the most robust and regulated property industries, but there are several upfront fees because of this. You’ll be required to pay a standard fee of 4% of the purchase price to the Dubai Land Department, a fee of 520 AED for the issuing of the title deed, and then the 4,000 AED Oqood fee. The fees may vary based on associated finance costs if opting for financing.

There is no tax on rental income for Dubai residents, the tenant will pay a rental tax instead. Landlords may still be liable for the income tax of the country they’re domiciled in.

Yes, there are two kinds of visas available: an Investor Visa above AED 750,000 investment and a Golden Visa above AED 2,000,000 investment.

Yes, foreigners can buy in RAK. Many areas are freehold, which means foreigners can own the property indefinitely. Key areas like Mina Al Arab and Hayat Island attract many foreign investors, with their developments being led by a government-backed developer, ensuring the quality and security for those investing overseas. Furthermore, the government offers visa opportunities for foreigners who invest over AED 700k into property, with the opportunity for a 2-year investor visa, and a 10-year Golden Visa for over AED 2 million.