Buying Property in Dubai
Dubai offers a lifestyle like no other, featuring luxurious living, tax-free residency, and boundless business opportunities. From its stunning beaches to mesmerizing desert landscapes, this city has everything you could wish for – and we’re here to guide you through every step of buying property in Dubai.
At Luxury Properties Hub, we know that the process of buying property can be overwhelming. That’s why our knowledgeable and friendly agents are dedicated to making it simple for you. Whether you’re looking for a perfect second home or an investment opportunity, we’re here to assist.
With our extensive expertise in the UAE real estate market, we provide all the information you need to make well-informed decisions. From market trends to legal aspects, we ensure transparency and compliance throughout the process. Our in-house conveyancing team will manage all the paperwork, allowing you to focus on the excitement of your new property.
But we’re not just a real estate agency – we’re your committed partner. Choosing Luxury Properties Hub means gaining a trusted ally in your real estate journey. Join our satisfied clients and discover the difference today!
Access to The Real Estate Register
In Dubai, property ownership is open to all. Companies need to be incorporated within Dubai's onshore or specific offshore zones. At Luxury Properties Hub, we help property buyers with incorporation services, handling all paperwork and ongoing company needs.
Must-Know Tips for Buying Real Estate in Dubai: Key Considerations
Legal Regulations: Familiarize yourself with Dubai’s property laws, including ownership rights, taxes, and regulations governing foreign ownership.
Timeframes
Resale property transactions in Dubai take around 30 days, while off-plan deals can be completed in just one day or even 30 minutes. We offer Power of Attorney representation to expedite transactions, freeing buyers to focus on their schedules.
Who Can Buy
Absolutely anyone, whether you're a person or a business, can own property in Dubai. But if you're registering property under a company's name, that company needs to be incorporated within Dubai's onshore zone or in specific offshore or free zones. At Luxury Properties Hub, we've got your back. We offer incorporation services for buyers, taking care of all the paperwork needed for property registration and providing ongoing company maintenance. Let us handle the nitty-gritty details while you focus on making your dreams a reality in Dubai.
Finding the Right Dubai Property Advisor
Navigating the Dubai real estate market requires a reliable agent registered with the Dubai Real Estate Authority. At Luxury Properties Hub, we provide crucial local expertise for seamless transactions and your next great real estate deal.
Fees Involved In Purchase Of A Property In Dubai
When buying on the secondary market:
- Broker’s commission varies between 2% to 5% (plus VAT) of the purchase price.
- A no objection certificate from the developer can be anything between 500 and 10,000 AED plus VAT.
- Registration Trustee fee is 4,000 AED plus VAT for properties valued over 500,000 AED, and 2,000 AED plus VAT for properties below 500,000 AED.
- Transfer fee is 4% of the purchase price.
- Mortgage registration fee (if applicable) is 0,25% of the registered loan amount.
- Title deed issuance is 580 AED.
- There may be additional payments associated with the service charge and utility payments for the properties.
When buying off-plan properties:
- Booking deposit around AED 5,000-37,000, depending on the property value; the deposit is adjusted towards the 1st installment for the property.
- Installments are usually 5% to 10% of the property value paid every three months; convenient post-handover plans are often available.
- OQOOD (interim title) registration fee: 4% from the property purchase value + AED 3000 admin fees.
Sold & Rented
Pao Jonson
Pao is a results-oriented analyst with a solid background in administrative assistance. She is passionate about using her talents and expertise to achieve corporate success and to positively contribute to team goals.
- +971 48 866 18 6
- info@luxurypropertieshub.com
