What quality assurance measures do you have when buying off-plan property in Dubai? Property snagging process during handover. Snagging is a necessary process of identifying issues with your property. Snagging issues could include leaks, plumbing faults, un-level ceilings, floors and walls, damaged units, missing insulation, poor joinery and structural issues. It's important to use services of an...
Many people think that only millionaires can buy real estate in Dubai, however, the city offers real estate at very affordable rates as well if you compare, f.e. with Europe. Entry point for a good studio will be around 135 000 USD, however, you will need to pay from your pocket only 110 000 USD. How? The key is in post-handover option. During the construction (around 3 years) you will need to pay...
This article provides instructions on how to check Dubai off-plan project status. To begin with, you should either go to DLD website or download Dubai REST application. Open the tab called “services” and type “Inquiry about a real estate project status”. Select “Search for Project” and type project name you are interested in. RERA usually publishes project updates...
Congratulations on your exciting decision to buy an off-plan property in Dubai! Let's now discuss the financial elements, which include additional costs you may incur. The developer will usually ask for two more payments in addition to your down payment:1) DLD Fee: This fee, amounting to 4% of the total property cost, goes towards the Dubai Land Department. 2) Admin Fee: Though this fee might be...
Depending on the developer and their own terms and conditions, there are a variety of payment alternatives available for off-plan apartments in Dubai. Widely recognised payment options are:1) Bank transfer: Across the world, this is the standard payment method for real estate transactions. Direct money transfers from the buyer's bank account to the developer's account are possible. 2) Card payment via...
Off-plan properties offer several advantages. Some of them include: You get early access to exclusive developments, choice of the best floors and views. Capital appreciation, which peaks by handover. Payment plan from the developer, which can go up to 8 years and even more. No need to deal with banks to proof your funds and employment as well as pay interest rate that can double the price you...
If you are looking to obtain a residency visa in Dubai, one of the ways to do it is through investment in real estate. There are 3 visa types currently available and we prepared for you an article describing each of them: Property Investor Visa – 2 years Retirement Visa – 5 years Golden Visa – 10 years. All of the visas are renewable as long as you meet the required...
Retirement visa is granted to people 55 years of age and older, and it has a 5-year validity period for individuals who want to live in Dubai after retirement. This Visa may be automatically renewed after the first 5-year period is over, given that the retiree continues to meet the set criteria: Own one or multiple properties with a total value of least 1 million AED Applicant age must be min....
This type of visa allows you to live, work, study, open a bank account in the UAE for a period of 2 years as well as sponsor your family: Spouse and children can be sponsored for 2 years Parents can be sponsored for 1 year Property investor visa is renewable as long as you adhere to the following requirements: Own one or multiple properties in the UAE worth at least AED 750,000 in...
Golden visa allows you to get UAE residence for 10 years without any limit on how long you can be outside the UAE to keep your visa active. You can sponsor your spouse, parents and children for 10 years (boys & girls) as long as the children are not married You can sponsor up to 3 house maids and drivers This visa is renewable as long as you adhere to the following...