What do I need to know when buying property in Dubai?
When we asked expats what advice they would give a foreigner before buying a property in Dubai, they said...
"1. It is important to research the area you are looking to buy in, as different areas have different rules and regulations. 2. Make sure you understand the legal process of buying property in Dubai, as it is different from other countries. 3. It is important to understand the different types of property ownership available in Dubai, such as freehold, leasehold, and usufruct. 4. Make sure you understand the fees associated with buying property in Dubai, such as registration fees, transfer fees, and other taxes. 5. It is important to understand the different types of mortgages available in Dubai, such as fixed-rate mortgages and variable-rate mortgages. 6. Make sure you understand the different types of payment plans available in Dubai, such as installment plans and lump-sum payments. 7. It is important to understand the different types of insurance available in Dubai, such as home insurance and life insurance. 8. Make sure you understand the different types of maintenance fees associated with owning property in Dubai, such as service charges and utility bills. 9. It is important to understand the different types of rental agreements available in Dubai, such as long-term leases and short-term leases. 10. Make sure you understand the different types of tenant rights available in Dubai, such as the right to privacy and the right to a safe and secure living environment," explained one expat living in Dubai, the UAE.
Get Quote
GeoBlue is a trusted leader in international health insurance. Wherever your destination, GeoBlue can keep you and your family covered with the right health insurance. Get a GeoBlue Quote Today!
GeoBlue is a trusted leader in international health insurance. Wherever your destination, GeoBlue can keep you and your family covered with the right health insurance. Get a GeoBlue Quote Today!
Get Quote
"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," said another expat in Dubai, UAE.
Please login to continue reading this article.
Not a member? Join Today (it's free).
Other Questions:
- What do I need to know before retiring in Dubai?
- What do I need to know before moving to Dubai?
- How do I find a place to live in Dubai?
- What is a typical expat home or apartment like in Dubai?
- What is the average cost of housing in Dubai?
- How do I meet people in Dubai?
- What should I pack when moving to Dubai?
- Where should I setup a bank account in Dubai?
- Will I be able to find a job in Dubai?
- What is life like in Dubai?
- What do people like (and dislike) about Dubai?
- What type of social life can someone expect in Dubai?
- What is the social scene like in Dubai?
- What advice to expats in Dubai have about housing?
- What are medical services in Dubai like?
- Are healthcare and health insurance expensive in Dubai?
- Is the cost of living in Dubai high?
- What are the visa & residency requirements in Dubai?
- Why do people move to Dubai?
What do I need to know when buying property in Dubai?
If you live in Dubai, newcomers to Dubai would love to hear your answer to this question: