Complete guide to buying a property in Dubai

Ready to move in properties for people who are going through the enduring process of moving from their country and starting a new life here, you got to think about the future right?, everyone wants that more than ever. These could be an apartment building, a villa or townhouses etc. But once they find out how much it actually costs to buy property in Dubai, a whole new set of issues arises when legal formalities and procedures rear their head he available forpurchase. Here we provide you with the details and information about different terms & conditions if buying a property in Dubai, United Arab Emirates.

The Emirate of Dubai has always been seeking to define northern and southern ownership in favor of various residents, besides the reconstruction and development as well within it one new high-end area, was exclusive freehold for Emirates nationals & citizens from GCC country only (ready apartments purchase) at dubai. To name a few, the Dubai Marina, Downtown Dubai and Palm Jumeirah are probably most prominent.

Existing with enough money is only part of the story to buy Dubai real estate. The Emirate of Dubai has laid down laws in the category which subjects property to freehold ownership and other conditions so anyone who seeks Investing must go through all relevant regulations at detail level where it is recommended knowing lovesick between Freehold areas compared with Free zone. We will dig into these differences in-depth with further articles.

Dubai’s law on foreign ownership of real estate allows them to:

• An absolute right to own a property without time restrictions.
• The right to use or lease the property for a period not exceeding 99 years in the areas designated by Dubai Land Department.
• A Dubai property can be purchased by anyone regardless of their age.
• Dubai property buying procedures.

The Dubai Land Department is the authority responsible for overseeing the real estate ownership process in the emirate. It decides who can purchase a property and when possession can be transferred to the buyer, acting as a middleman between purchaser and seller. This facilitates investors in understanding the purchasing procedures for property in Dubai, as well as offering an array of services such as submitting requests for property evaluation, residential or commercial plots, buying homes in Dubai and any necessary registration of sale. We will focus on this subject in much greater detail later.

Documents required:

• Developers must issue a no-objection certificate through the Dubai REST application, which is one of the best real estate applications in Dubai.
• To prove identity, both the seller and buyer must present the Emirates ID. If the Emirates ID is not available, a valid passport for non-residents must be presented.
• A legal power of attorney, if someone is acting on their behalf

Charges:

• Seller: 2% of the sale value
• Buyer: 2% of the sale value
• Fees for issuing ownership certificates are 250 AED
• Fees for issuing land plans are 100 AED (250 AED for villas and apartments).
• For each drawing, there is a – 10 AED innovation fee
• For each fee, there is a knowledge fee of – 10 AED

Fees charged by the registrar

• 4,000 AED if the sale value exceeds 500,000 AED
• If the sale is less than 500,000 AED, the fee is 2,000 AED

Procedures for service:

You can purchase a property through customer service centers in Dubai (Real Estate Registration Trustee Offices) or through the Dubai Rest application.

Visit one of the service centers, specifically the real estate registration office

Make sure the required papers and documents are submitted to the department employee without any errors

Real estate purchase transaction data will be entered into the department’s system, checked, and verified

Get a receipt after paying the fees

An email will be sent to the customer with the output of the process