Tips for Buying Propery in Dubai, UAE

By Brittychris

Popular Areas in Dubai, UAE for Expats

Falcon city, Jumeirah lakes towers, Jumeirah beach residences, The marina, Jumeirah lakes, Jumeirah village circle, Jumeirah village triangle, Arabian ranches and Motor city.

Searching for a Property in Dubai, UAE

Dubizzle.com, Property.ae, Betterhomesdubai

What Your Budget Will Buy You in Dubai, UAE

Thus deoends very much on the area you choose. The downtown area is very expensive where as the jumeirah village circle area is far more affordable. You can pay $5000 per year for a studio, or $45 000+ for a 3 bedroom. It varies a lot.

Before You Buy a Property in Dubai, UAE

Be very careful who you putchase from. Be aware and well versed in the UAE laws and be very careful if choosing to buy prooerty off plan.

Legal Assistance

I am not certain on this point.

Costs Involved in Buying a Property

Generally you oay an agent fee and a security deposit. The agency fee is based on a percentage of the property value so will vary. Tbey have recently introduced a tax on power costs.

Foreign Property Ownership

Yes. Expats cannot become full property owners and they cannot get permanent residence, so its usually contracted as a 100 year lease or something similar

5 Best Places to Buy Real Estate in Dubai, UAE

Arabian ranches - $4 000 000, Falcon City - $3 000 000, The Palm - $ 5 000 000, umm Suqueem - $ 3 000 000, Sports City - $ 4 000 000

Steps in Buying Property in Dubai, UAE

Find an agent, Get bank approval, Get letter of no objection from sponsor. Pay agent fee and security deposit.