Frequently Asked Questions

The purchase of property on a freehold basis means that the property is registered in the owner’s name by way of a Title Deed registered in the Dubai Land Department. The owner has the right to sell, lease or rent his/her property at his/her discretion. Areas for freehold properties are designated areas for expatriates, whereas non- freehold property is property limited to UAE Nationals and GCC Nationals. A 2 year residency visa is granted for properties above AED 1,000,000.
To own a property in the UAE, one must be over the age of 21 years. If you satisfy this requirement, the first step is to make an offer. A formal sales contract is drafted and agreed upon between the parties; a deposit is made; the buyer obtains financing, if needed; the seller ensures that the property is not encumbered by anything that goes against what has been stipulated; final payment is made by way of a bank draft or cash in the land department, and the title deed is transferred to the new owner. There are several charges that may apply, for example, clearance of a mortgage, a new mortgage, an administration fee, so always be sure to have extra cash in case of unforeseen circumstances. There are different sets of procedures depending on whether you purchase a completed property from a developer where you are the first time buyer, whether you purchase property that is not constructed from a developer, called an “off–plan” purchase, or if you purchase property from a private seller, called a “resale purchase”. If the purchase is from a developer, there is a payment plan in place, and at times, a mortgage/finance in place. If the buyer is obtaining financing, the seller will often require that an expatriate be “pre–approved for home financing” before signing the sales contract.
An off-plan property refers to a property whose construction is yet to begin or is in its preliminary stages of construction.
Yes, the laws in Dubai permit residents and international investors to purchase property in Dubai's freehold market.
DLD is the abbreviation for Dubai Land Department. It is the regulatory body by the government that deals with all property and real estate related legislation, organization and services for any real estate transactions in Dubai.
A DLD Waiver is the waiver of the DLD fee that is levied on property purchase. The DLD Fee is 4% of the property value and is payable by the buyer. Ergo a DLD Waiver means the buyer does not pay this fee and it is instead paid by the developer.
Freehold properties are the ones that give you complete ownership of the property where the buyer will have his name on the title deed. Whereas, leasehold properties are the ones having the property on lease for a period of more than 10 years and up to 99 years. It cannot be bought completely.
The buyer of a freehold property in Dubai only needs to provide a copy of his passport papers to purchase a property in the primary market, i.e., directly from a developer. A company purchasing a property must provide the developer the company's registration documents (Articles of Incorporation, Registration Certificate, POA of the person signing on behalf of the company, and Board of Directors Resolution). Either entity, i.e., a person or a company, needs only to sign a property reservation contract with the developer to purchase a property. On handover of the property to the property purchaser, the property purchaser will have to register his property at the Govt. of Dubai Lands Dept. to obtain a title deed. The property purchaser would be responsible for paying the fees to the Govt. of Dubai Lands Dept. to obtain a title deed (this normally amounts to 2% of the property value). The property value must be fully paid up so as to obtain a Title Deed from the Govt. of Dubai Lands Dept.
Most studios and one-bedroom units are the same size. Some units have balconies and some do not. Sometimes the ones located on the corners of the building are slightly bigger. Retail shops on the ground floor vary in size and are priced accordingly.
  •  Studios - Size approximately 480 Sq. ft.
  • One Bedroom - Size approximately 716 Sq. ft.
  • Shops - Size varies, upwards and downwards of approximately 500 Sq. ft.
An escrow account is that which acts as a third-party funding medium wherein the merchant receives access to the transferred money (by the buyer), once an escrow agreement has been fulfilled. If the agreement is not fulfilled by the merchant, the fund is then returned to the buyer. In UAE’s real estate market, an escrow account has a very particular function. The developers of the various projects have to open different escrow accounts for every project, as per the Escrow Account Law in UAE. It protects the buyers funds and regulates the funding that the developers receive from the buyers in order to construct the projects.
Yes, you can mortgage a property in Dubai.
The documents required for listing a property with Allegiance Real Estate: For Leasing
  1. Filled Listing Sheet
  2. Title Deed or Oqood or (SPA) Sales Purchase Agreement
  3. Owner’s Passport Copy with signature
  4. Leasing Form signed by Owner
  5. Power of Attorney Document and POA’s Passport Copy with signature (if applicable)
For Sale
  1. Filled Listing Sheet
  2. Title Deed or Oqood or (SPA) Sales Purchase Agreement
  3. Owner’s Passport Copy with signature
  4. Form A signed by Owner
  5. Power of Attorney Document and POA’s Passport Copy with signature (if applicable)
**For newly handed over properties, a Certificate of Completion is required for Propertyfinder verification.
Ten-year visa To apply for a ten-year Residence Visa in Dubai, you must:
  • invest in public investments of at least AED 10 million
  • the investment may take many forms such as:
    • a deposit of at least AED 10 million in an investment fund inside the country
    • establishing a company in the UAE with capital AED 10 million or more
    • partnering in an existing or a new company with a share value of more than AED 10 million
    • having a total investment of more than AED 10 million in all areas mentioned above, provided the investment in non-real estate sectors is not less than 60 per cent of the total investment
The long-term visa can include the applicant’s spouse and children. One executive director and one advisor can also be included on the visa. Investors from abroad may apply for a multiple-entry permit for six months.   Five-year visa To be eligible for a five-year visa, you must invest in a property in Dubai. Granting a visa is subject to the following conditions:
  • the investment property must have a value of AED 5 million or more
  • the property cannot be mortgaged
  • the property must be retained for at least three years.
Three-year visa The Dubai Land Department issues this visa for those who have invested in a property in Dubai valued at over AED 1 million. You will be entitled to certain benefits such as being able to apply for a UAE driver’s licence, identity card, and family sponsorship. To be eligible, you must satisfy the following conditions:
  • the property must be valued at AED 1 million or more
  • the property must be mortgage-free and off-plan, and residential
  • you must show an income of AED 10,000 per month
  • you cannot spend a consecutive six months outside the country
To be able to sell the off-plan property in Dubai before it’s completed, investors must meet certain conditions. These criteria are usually set by the developer of the off-plan project. Most developers require owners to have 30-40% of the cost paid off before it can be sold to a new owner. This value can vary from developer to developer, so if you plan to sell off-plan property in Dubai before completion, make sure to confirm with the developer you are working with before making the sale. Eligibility to re-sell an off-plan property can also depend on other terms set in the contract by the developer.
Dubai is home to over 100 nationalities. The diversified city has transformed into an ever-growing real estate market and is the 10th best location for expats, sixth-best in salaries and fourth-best for economics. The city continues to maintain its status as the ideal destination for foreigners and offers enticing investment opportunities. Here are the below reasons to shift towards the populous city of the UAE:
  • Higher Rental Yields
  • Affordable Housing
  • Birthplace for Entrepreneurship
  • Safety and Improved Infrastructure
Top 10 Dubai Property Developers In Dubai: 
  • Emaar Properties Since its founding in 1997, Emaar Properties has consistently been one of Dubai's leading property developers. Emaar boasts a massive number of residential and commercial projects. Included in the firm’s portfolio are undertakings like the Burj Khalifa, tallest building in the world, and the Dubai Mall which is the largest on the planet.
  • Nakheel Properties Nakheel is another well-known name which is often featured in the list of best real estate developers in Dubai, for good reason. The company’s projects cover a major portion of the country’s real estate sector – spanning across leisure developments, retail, hospitality, commercial and residential projects. 
  • Damac Properties Although Damac Properties was only founded in 2002, it quickly flew to the top of Dubai’s property development market, and today, it’s one of Dubai’s largest developers with over 2 billion USD in annual revenue. In fact, it was the #1 Forbes Growth Champion in 2017. Damac is a luxury-oriented developer of high-end residential properties, and it has expanded into the hospitality market with its subsidiary, DAMAC Hotels and Resorts.
  • Dubai Properties As the property management and development unit of the Dubai Holding Group, Dubai Properties is known for shaping some of Dubai’s most recognisable real estate destinations. Dubai Holding was established in 2004 and has operations in over 13 countries. Collectively, its asset portfolio is estimated to be worth around AED 130 billion.
  • Meraas Meraas is a Dubai-based holding company that has launched several developments in multiple sectors including real estate, F&B, retail, entertainment, healthcare and hospitality. It was founded in 2007 and has developed a number of popular projects since its inception. Examples include Boxpark, City Walk, The Outlet Village, The Beach and La Mer.
  • Sobha A well-known developer known for its impressive portfolio of luxury properties Sobha Realty has built a strong reputation for quality. The multi-national entity, which also has a presence in Oman, Bahrain, Brunei and India, was established in 1976 by Indian entrepreneur PNC Menon. 
  • Deyaar Properties In 2002, Deyaar Properties emerged as a subsidiary of the Dubai Islamic Bank, but as it grew and became increasingly profitable, it spun-off as an independent company. Today, Deyaar properties specializes in residential and commercial high-rise complexes in Dubai, and in addition to development, it also offers property management services. Notable projects by Deyaar include the Mayfair Tower, Central Park, and the Atria.
  • Azizi Developments Azizi Developments first emerged in 2007, making it a relative newcomer to the Dubai property development market. It got off to a rocky start during its first few years because of the Global Financial Crisis, Azizi Properties rebounded in 2013 to become a premier developer. Today, Azizi Developments’ portfolio in Dubai is worth around 45 billion AED. The company is involved in nearly 200 ongoing projects including the well-known Riviera waterfront property.
  • Mag Property Development Since its founding, MAG Property Development has become one of the most well-reputed real estate developers in the MENA region. The company specialises in residential real estate like most property developers in Dubai. However, its projects also extend to affordable housing. An example is MAG 5 Boulevard, a low-cost residential community in Dubai South which offers townhouses, villas and apartments.
  • The First Group The First Group is a global property development company founded 30 years ago by Danny Lubert.They’ve developed several luxury hotels in partnership with international brands, and also built a number of high-rise residential developments in Dubai’s Sports City, like the Bridge, which won an award for best residential high-rise development.
The service of leasing hotel apartments and serviced apartments would attract VAT at the standard rate of 5% , even if the lease extends beyond 6 months or where the tenant holds a valid Emirates ID.
Investors can sell off their off plan property contracts prior to a project’s completion and so it varies from developer to developer. For example, before being able to sell it to a new owner, Dubai’s top developer Emaar Properties requires owners or investors to have 40% of their off plan property paid off. However, the 40% figure does depend from developer to developer, so it’s essential to check with the developer. Buyers and sellers must come to agreement with price and terms, sign contracts and apply for No Objection Certificate (NOC) where the new buyer is registered with the developer. Once transfer is complete, the new buyer will ultimately take over all the outstanding payments. It's important to point out that the new buyer is responsible for the 4% DLD Transfer Fee although it was paid by the first buyer.
The maximum loan during construction period is 50% and off-plan properties are typically cheaper than ready properties. When you pay 50% of the purchase price, it is pre approved at the application time and is guaranteed to be paid off at completion, regardless of the individual’s financial situation. After paying 50% for an off-plan property, you can take 25% to 30% cash out. If the property during construction has increased in value, you can borrow 75% to 80% of the property value and withdraw more cash out. This process requires property revaluation and mortgage reapplication. However, if you’re content with the numbers and you’d like to receive cash at a low mortgage rate, it’s also another option. It is recommended to choose a plan that you’re comfortable and committed with and will give you the freedom to save up or explore other investments when the property is completed.
The early settlement fee was set at 3 per cent in June 2018. But now the Central Bank of the UAE directed local banks to reduce the early settlement fee on mortgages to a maximum of 1 per cent or Dh10,000, whichever is less, to those borrowers who want to exit their mortgages early.
Usually the tenant or the real estate agent completes and takes care of the process and associated fees.In order to get an Ejari. You can visit one of the 70 typing centers or you can register your tenancy contract online, with all the required documents needed to successfully register for Ejari.
Once all the documents are successfully transmitted, it usually takes about a day or two to process the Ejari application online.
Yes, every customer needs to obtain Ejari before applying for DEWA.
You can apply for DEWA either online on their website or visit on-site to collect applications for DEWA Services.
Firstly, lenders do not lend on every project currently being built. Often, developments are sold with no lendings at all (given the favourable payment structure system in Dubai and not meaning they aren't saleable). On the other hand, it is possible to get a mortgage on an off-plan property here, unlike most places in the world.
Yes. This is preferable. Most lenders will work out how much they are likely to lend to you before you have a specific property in mind. This means you can then go looking for something you know you can afford.