Buying Property in Dubai

Finding the Right Dubai Property Advisor

Luxurious living, tax-free home and business ownership, amazing lifestyle with awesome shopping centers, restaurants and beaches, majestic desert sceneries and rich culture are just a few factors that make Dubai an ideal place to live and work.

Buying property in Dubai is an excellent investment in your and your children’s future the city is developing extensively and has excellent conditions for expats. But regardless of whether you want to buy a real estate for further earnings or want to move to Dubai, you need to know a number of basic principles when buying real estate in the UAE.

Experienced agents of Metropolitan Premium Properties, who are professionals in the UAE real estate market, will help you to acquire your ideal property. We’ll give you the answers to all your questions about your prospective second home or potential investment. With us you will feel safe and protected not only because you will be informed about all aspects of the deal in details, but also because we can guarantee the transparency and complete legal compliance: our in-house conveyancing team will support you throughout the transaction.

Property For Sale

Things to Remember When Buying Property in Dubai

The Dubai property market is very different to other countries, so make sure you have a Dubai real estate agent you can trust to guide you through the process and who is registered with Dubai Real Estate Authority. The local knowledge of the market, legislation and procedures is crucial and Metropolitan Premium Properties can certainly become your professional guide and deliver to you your best real estate deal ever.

Anyone, whether based overseas or a resident of Dubai, can purchase a property in Dubai’s designated freehold areas as authorised in 2002 by the Ruler of the Emirate of Dubai, followed by a number of laws and by-laws as the Dubai real estate market was further developing. You are not required to hold any type of residency or similar permit to be eligible to purchase properties in Dubai.

Any natural or legal person can own a property in Dubai, though in case of registration under a company’s name, it must be incorporated in Dubai onshore zone or in certain dedicated offshore or free zones. Metropolitan Premium Properties provides incorporation services for our buyers and will be happy to prepare the full set of documents for a property’s registration and maintain your company further.

An average resale property transaction in Dubai takes around 30 days to be finalized, starting from the date of the Sale Contract is signed by all concerned parties. Off-plan property deals are normally done within one day and sometimes take as little as 30 minutes. To facilitate the deal and save our clients’ time, we can work on the customer’s behalf under the Power of Attorney, and in this case the buyer will be free to travel according to the planned schedule, while we finalize the transaction.

Rama Realestate Premium Properties can guarantee a comprehensive and reliable due diligence, conducted for and on behalf of our customers. When supporting your deal in the secondary market, we’ll make sure the ownership is legal and authentic, assist or perform on the buyer’s behalf a thorough property’s inspection and ensure the sale contract covers all potential pitfalls. 

The real estate register in Dubai hold all information about the properties, its location and the related rights, but it is not open to general public. It means that only the registered owner or an authorized person under a court’s order can access the information contained in the register.

Things to Remember When Buying Property in Dubai

Finding the Right Dubai Property Advisor

The Dubai property market is very different to other countries, so make sure you have a Dubai real estate agent you can trust to guide you through the process and who is registered with Dubai Real Estate Authority. The local knowledge of the market, legislation and procedures is crucial and Metropolitan Premium Properties can certainly become your professional guide and deliver to you your best real estate deal ever.

Legal Framework

Anyone, whether based overseas or a resident of Dubai, can purchase a property in Dubai’s designated freehold areas as authorised in 2002 by the Ruler of the Emirate of Dubai, followed by a number of laws and by-laws as the Dubai real estate market was further developing. You are not required to hold any type of residency or similar permit to be eligible to purchase properties in Dubai.

Any natural or legal person can own a property in Dubai, though in case of registration under a company’s name, it must be incorporated in Dubai onshore zone or in certain dedicated offshore or free zones. Metropolitan Premium Properties provides incorporation services for our buyers and will be happy to prepare the full set of documents for a property’s registration and maintain your company further.

An average resale property transaction in Dubai takes around 30 days to be finalized, starting from the date of the Sale Contract is signed by all concerned parties. Off-plan property deals are normally done within one day and sometimes take as little as 30 minutes. To facilitate the deal and save our clients’ time, we can work on the customer’s behalf under the Power of Attorney, and in this case the buyer will be free to travel according to the planned schedule, while we finalize the transaction.

Metropolitan Premium Properties can guarantee a comprehensive and reliable due diligence, conducted for and on behalf of our customers. When supporting your deal in the secondary market, we’ll make sure the ownership is legal and authentic, assist or perform on the buyer’s behalf a thorough property’s inspection and ensure the sale contract covers all potential pitfalls. 

The real estate register in Dubai hold all information about the properties, its location and the related rights, but it is not open to general public. It means that only the registered owner or an authorized person under a court’s order can access the information contained in the register.

We offer to our customers a unique combination of a full scope real estate agency in UAE, boasting leading positions with all UAE major developers, 80+ competent agents with a minimum of 5 year experience in the real estate market, offices in Dubai, Abu Dhabi and Vienna, and a robust, professional and experienced in-house multi-national team of marketing specialists, speaking more than 15 languages, spreading our marketing campaigns all over the globe.

We can deeply understand the needs of our clients and ensure the property is presented to its buyer through the right channel: simple but effective listings, extensive online campaigns, off-market exclusive presentations and many more.

Fees involved in purchase of a Property in Dubai

When buying on the secondary market:
  • Broker’s commission varies between 2% to 5% (plus VAT) of the purchase price.

  • A no objection certificate from the developer can be anything between 500 and 10,000 AED plus VAT.

  • Registration Trustee fee is 4,000 AED plus VAT for properties valued over 500,000 AED, and 2,000 AED plus VAT for properties below 500,000 AED.

  • Transfer fee is 4% of the purchase price.

  • Mortgage registration fee (if applicable) is 0,25% of the registered loan amount.

  • Title deed issuance is 580 AED.

  • There may be additional payments associated with the service charge and utility payments for the properties.

When buying off-plan properties:
  • Booking deposit around AED 5,000-37,000, depending on the property value; the deposit is adjusted towards the 1st installment for the property.

  • Installments are usually 5% to 10% of the property value paid every three months; convenient post-handover plans are often available.

  • OQOOD (interim title) registration fee: 4% from the property purchase value + AED 3000 admin fees.

The way we help you buy your property in Dubai

Identify Your Needs

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Off-plan purchase explained

Buying a property off-plan means buying it before the construction has been completed and quite often even before the development has actually started to be built.

This might sound risky, but if you’re buying in a market where property prices are on the rise and the demand for new homes is increasing, it can have its rewards.

An unbeatable advantage of the off-plan purchase is a post-handover payment schemes, offered by many developers. This means that you can get an excellent investment with a little initial capital, whereas your investment will be paying off itself.

Buying off-plan isn’t always straightforward, however. You’ll need to do your homework on the developer and obtaining a mortgage can sometimes be tricky.

Metropolitan Premium Properties is always there for you: we understand the market, we can explain the potential of each and every project in Dubai, we work only with trusted and reputable developers and we can get you the fastest mortgage approval with our in-house mortgage advisors.

RAMA-realestate

  • The portal RAMA.REALESTATE is a web marketing place of an award-winning UAE based real estate agency having its offices across Dubai and Abu Dhabi. And we are literally a “portal” to the UAE real estate market, delivering to our clients the latest news on the UAE properties, the best choice of projects and comprehensive guides on the real estate procedures and lifestyle events.

  • A full range of the best media tools will be engaged to present your property: starting from a professional magazine-style description to the best quality photoshoot and HD video images. Having your property listed with us means that the prospective buyers will see the best about your project, while our professional agents will secure the best price for you.

  • METROPOLITAN.REALESTATE is a sophisticated online tool, giving to our visitors the maximum of customized solutions, helping a potential buyer to narrow the search and effectively match his unique personal criteria, such as facilities, proximity to places of interest, lifestyle, and even the view.

Off-plan purchase explained

Buying a property off-plan means buying it before the construction has been completed and quite often even before the development has actually started to be built.

This might sound risky, but if you’re buying in a market where property prices are on the rise and the demand for new homes is increasing, it can have its rewards.

An unbeatable advantage of the off-plan purchase is a post-handover payment schemes, offered by many developers. This means that you can get an excellent investment with a little initial capital, whereas your investment will be paying off itself.

Buying off-plan isn’t always straightforward, however. You’ll need to do your homework on the developer and obtaining a mortgage can sometimes be tricky.

Metropolitan Premium Properties is always there for you: we understand the market, we can explain the potential of each and every project in Dubai, we work only with trusted and reputable developers and we can get you the fastest mortgage approval with our in-house mortgage advisors.

RAMA-realestate

  • The portal RAMA.REALESTATE is a web marketing place of an award-winning UAE based real estate agency having its offices across Dubai and Abu Dhabi. And we are literally a “portal” to the UAE real estate market, delivering to our clients the latest news on the UAE properties, the best choice of projects and comprehensive guides on the real estate procedures and lifestyle events.

  • A full range of the best media tools will be engaged to present your property: starting from a professional magazine-style description to the best quality photoshoot and HD video images. Having your property listed with us means that the prospective buyers will see the best about your project, while our professional agents will secure the best price for you.

  • METROPOLITAN.REALESTATE is a sophisticated online tool, giving to our visitors the maximum of customized solutions, helping a potential buyer to narrow the search and effectively match his unique personal criteria, such as facilities, proximity to places of interest, lifestyle, and even the view.

We know how to do very sensitive off-market sales for VIP clients. We handle the most exclusive properties, while keeping the full confidentiality of both buyer and seller.

Got Confused? Complete A Quiz & Get The Best Offers

Being qualified property experts with years of experience, we realize how confusing Dubai’s off-plan property market could be for new buyers, as well as for professional investors. Especially when there are thousands of off-plan properties in Dubai. You won’t need to look through countless listings on other the UAE's property websites. We have gathered all available information about off-plan property in one place and created a short quiz for you to find your perfect home in less than two minutes. Follow simple steps on the screen to get your personal selection of projects that meet all your requirements. Explore any project in Dubai relevant to you and contact us!  

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