Buying on-plan or new off-plan (under construction) properties in Dubai can be a popular and profitable option. Here are five crucial checkpoints to consider:
In Dubai, property ownership comes in two forms: leasehold and freehold.
Purchase price: The price per square foot in Dubai fluctuates depending on the location and demand—for example, Downtown Dubai and Dubai Marina command higher prices than suburban developments.
Registration fees: The DLD charges a 4% fee on the property’s purchase price.
Maintenance fees: These fees vary by development and cover the upkeep of common areas and facilities.
Make sure you calculate all associated costs before committing to a purchase.
One of the significant benefits of purchasing property in Dubai is that buying real estate can make you eligible for a residence permit. Buyers can apply for long-term residence visas for properties over AED 750,000. The more you invest, the longer your visa may last, with higher investments offering 5- to 10-year residency options.
The Dubai Land Department (DLD) oversees all real estate transactions in Dubai, ensuring they comply with local laws. When purchasing property, you must register your purchase with the DLD, pay the necessary fees, and obtain a title deed. Working with a legal expert or real estate agent is essential to navigate this process smoothly.
Developers in Dubai often offer attractive payment plans, especially for off-plan properties. These plans allow buyers to pay in installments during construction and after handover. However, if you’re buying an existing property, you may need to secure a mortgage from a bank. As mortgage requirements vary, shopping around for the best rates and terms is crucial.
In Dubai, expats must provide at least a 20% down payment on the property’s purchase price, while UAE nationals can pay as low as 15%. Additionally, mortgage buyers must account for additional fees, such as valuation and processing fees.
| City | Distance from Dubai | Flight Time |
|---|---|---|
| Mumbai | 1,924 Km | 3 hours |
| Delhi | 2,195 Km | 3.5 hours |
| London | 5,500 Km | 7 hours |
| Paris | 5,250 Km | 6.5 hours |
Keep travel times in mind, especially if you plan to visit your home country and Dubai frequently.
Want to find the best property that suits your needs without any hassle? Contact Dubai Off Plan Real Estate Agents today!
Once you’ve selected your property, the first step is signing a sale agreement or Memorandum of Understanding (MOU) with the seller. The MOU outlines the terms of the sale, payment schedule, and property details.
The next step is registering the property with the Dubai Land Department. You will pay the registration fee and receive the title deed confirming your property ownership. This step is critical in finalizing real estate purchase transactions in Dubai.
Buying property in Dubai is always a suitable investment if you have the guidance of the right real estate agency. Whether you are looking to buy a townhouse in Dubai or a villa/apartment, you need to analyze your needs first and then invest. From properties near Dubai Marina to one of the most sought-after areas in the city, known for its luxury high-rises, waterfront views, and vibrant community.
Dubai Off Plan agents will walk you through every step, from selecting the correct type of ownership and location to understanding the legal framework.
Check out the top-listed real estate properties in Dubai now!
Yes, foreigners and non-residents can buy property in Dubai, particularly in designated freehold areas such as Dubai Marina, Palm Jumeirah, and Downtown Dubai.
The type of property depends on your goals. If you’re looking for a long-term investment, off-plan properties can offer great value, while existing properties provide immediate rental income or a place to live.
Foreign residents can buy property in designated freehold areas in Dubai. The process starts with selecting a property, signing a sales agreement, registering the property with the DLD, and securing financing if necessary.
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