Question 1

Can foreigners buy property in Dubai?

Accepted Answer

Yes, foreigners can buy property on a freehold basis in designated areas in Dubai, which encompass almost all major residential and commercial hubs like Dubai Marina, Downtown Dubai, and Palm Jumeirah.

Question 2

What are the standard fees when buying property in Dubai?

Accepted Answer

Buyers typically pay a 4% Dubai Land Department (DLD) transfer fee, a 2% agency fee (+ 5% VAT on the agency fee), and a minor DLD admin fee (approx. AED 4,000 to AED 5,800 depending on property type).

Question 3

What is an NOC and why is it needed?

Accepted Answer

A No Objection Certificate (NOC) is issued by the developer confirming that all service charges have been paid by the seller. The DLD requires this to transfer the title deed to the new buyer.

Question 4

Can I buy property using cryptocurrency?

Accepted Answer

Yes, many leading developers and private sellers in Dubai accept cryptocurrency. We facilitate these transactions through licensed OTC (Over-The-Counter) crypto brokers who convert it to fiat for the DLD transfer.

Question 5

What is the difference between freehold and leasehold?

Accepted Answer

Freehold means you own the property and the land it stands on indefinitely. Leasehold gives you the right to occupy the property for a fixed term (usually 99 years), but you do not own the land.

Question 6

Do I need to be in Dubai to complete the purchase?

Accepted Answer

No, you do not need to be physically present. You can grant a legally notarized Power of Attorney (POA) to our agency or a legal representative to sign the transfer documents on your behalf.

Question 7

What is an Escrow account in Dubai off-plan purchases?

Accepted Answer

By law, developers must place investors' payments into an approved Escrow account. Funds can only be withdrawn based on verified construction milestones, ensuring buyer protection.

Question 8

How long does the buying process take for a secondary market property?

Accepted Answer

For a cash purchase, the transaction can be completed in as little as 1 to 2 weeks. If financing is involved, it typically takes 4 to 8 weeks depending on the mortgage approval process.

Question 9

What is Form F?

Accepted Answer

Form F is the standard Memorandum of Understanding (MOU) mandated by RERA. It is the legally binding contract signed between the buyer and seller outlining the terms, price, and timeline of the sale.

Question 10

Is VAT applicable when buying a property?

Accepted Answer

Residential properties are largely exempt from VAT. The first supply of a new residential property within 3 years of construction is zero-rated. However, commercial properties are subject to a 5% VAT.

Properties for Sale

Buying a Property in Dubai

Properties for Sale

Buying a Property in Dubai