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All the properties promoted by our agency are freehold, meaning you have complete ownership, much like in Europe. You will have permanent ownership of both the land and the building. Full ownership has been possible since the enactment of a 2006 law, granting this privilege to individuals of all nationalities in 33 districts of Dubai.
Indeed, it is entirely feasible to collaborate with others to acquire a property in Dubai. Whether with family members or friends, there is no requirement for providing proof of individual ownership.
Various payment methods are accepted by property promoters for real estate transactions. The accepted means of payment include:
- Bank transfer
- Credit/debit card
- Cheque issued by a local bank
- Cash
- Cryptocurrency
It’s important to note that not all sponsors may accept every payment method listed, and some may require proof of payment. Additionally, many sponsors also accommodate third-party payments.
Certainly, it is entirely possible. The secure and remote purchase process is facilitated through established procedures implemented by the developer and the Dubai Land Department.
No matter which property you own, there is no obligation to pay property tax in Dubai.
Payment plan is a scheduled arrangement that enables the gradual payment for a property over a predetermined period. In Dubai, these plans feature a 0% interest rate. Here are two examples:
Example 1:
- 20% payment upon reservation
- 30% payment during construction
- 50% payment upon handover
Example 2:
- 20% payment upon reservation
- 1% monthly payments over 80 months
Investing in real estate in Dubai could make you eligible for a resident visa as a real estate investor. The duration and type of visa are contingent on the amount of your investment.
- For investments ranging from AED 750,000 to AED 2,000,000, a 2-year renewable visa is granted.
- An investment of AED 2,000,000 or more qualifies for a Golden Visa.