A Guide on how to purchase property in Dubai by the Invesca Real Estate.  

The real estate market in Dubai is a haven to both investors and homeowners all over the world. Having luxurious residential properties, high returns of rentals, and having excellent infrastructure, owning a property in Dubai is not only to purchase a real estate property but to invest in life and wealth.  

When you are intending to own property in Dubai either as a personal house or an investment, it is important to know how it works, its cost and place of location. Invesca Real Estate gives a comprehensive roadmap on how to purchase property in dubai in this guide.  

The reason why Dubai is a leading destination by buyers of property  

Dubai is now fast emerging as a highly desirable real estate destination in the world. Here’s why:  

1. Foreign ownership: The non-residents are allowed to buy freehold property in certain areas.  

2. Tax-Free Investment: Dubai real estate does not have property tax, inheritance tax, or capital gains tax.  

3. Good Rental Returns: The rental returns of popular regions may be 6-8 percent per annum.  

4. Safe Market: The Dubai Land Department (DLD) and RERA regulate the safety of the transactions.  

5. Lifestyle and infrastructure: Dubai is a perfect place to live with a family and as a business person due to the luxurious shopping, entertainment, beaches, and the best schools in the world.  

Step 1: Choose Ready or Off-Plan Property.  

In purchasing property in Dubai, you will have an option of:  

Ready Property: This is a type of property that consists of already built apartments or villas which you can either move in or lease out. Purchasing ready property in Dubai gives you immediate ownership and gives you an idea of what you are actually buying.  

Off-Plan Properties: Properties that are in construction, where the payment plan is usually flexible. They can have cheaper prices and the possible value in capital when done.  

Tips: Ready properties are perfect in the eyes of buyers who need to occupy or rent property immediately.  

Step 2: Know the Price of buying property in Dubai.  

It is important to know the investment being made in total before purchasing an item. Costs include:  

• Price of Property: Depends on the place of location, size, and type of the property. Luxury villas in Palm Jumeirah have a starting price of AED 7 million and apartments in Dubai Marina could have a starting price of AED 1.5 million.  

• Dubai Fees on Land Department: 4 percent of the property value.  

• The fee to agents: normally 2% of the property value.  

• Maintenance Fees: Per annum maintenance fees of the community.  

• Mortgage Costs: When a loan is used the interest rates, and down payment (20 to 25 percent in most cases among foreigners).  

Pro Tip: It is always wise to budget other expenses so that they can be prepared.  

Step 3: Select the most appropriate region to purchase property in Dubai.  

Dubai has different neighborhoods with different lifestyles and investment objectives. The best ones are some of the following:  

🌴 Palm Jumeirah  

An international renowned island in which people can rent luxury villas and apartments facing the beach. Perfect situation in high net worth individuals who want exclusivity.  

🌆 Downtown Dubai  

Dubai Mall and Burj Khalifa are located in the Downtown which is ideal to reside in and has a strong rental rate.  

🌅 Dubai Marina  

Famous with waterfront living, dining and nightlife. Very good investment in rental.  

🏌️ Emirates Hills  

An exclusive residential area with golf course and villas. Good choice in families that prefer privacy and lavishness.  

🏡 Jumeirah Village Circle (JVC)  

A combination of inexpensive and luxury real estate, which are sought after by long-term residents and young workers.  

Step 4: Dubai Property Purchase Legal Process.  

In Dubai, it is easy to purchase property but requires a good documentation:  

• Select a Property: Select a property through an agent registered by RERA such as Invesca Real Estate.  

• Sign a Memorandum of Understanding (MoU): Post a 10% deposit as a guarantee of the property.  

• No Objection Certificate (NOC): This is needed by the developer on the off-plan properties.  

• Transfer of Ownership: Have the property registered at Dubai Land Department and pay the transfer fees.  

• Take Title Deed: The title has been passed to you.  

   

Long-term residency visa can also be obtained by the foreign buyers provided the property is able to fulfill some investment requirement.  

Step 5: How to Finance the Purchase of your Property.  

The mortgages provided by banks of the United Arab Emirates can be used by foreigners. Key points:  

• Down payment of the non-resident: 20-25 percent apartment, 30-40 percent villa.  

• Loan term: 25 years depending on age and income.  

• Interest rates: Competitive, 4% -6% per annum.  

Hint: please read eligibility requirements and other hidden costs before joining.  

Step 6: Hiring or Leasing Your Property.  

There is good rent potential in Dubai. Dubai Marina, Downtown and Palm Jumeirah areas are places that attract high income tenants. Ready properties can begin to yield instant income, and thus they are the best to those investors who want to have cash.  

Tips for a Smooth Purchase  

Cooperation with Trustworthy Agents: They should be certified by RERA.  

• Visit Properties themselves: Virtual tours should never be the only way.  

• Know Your Community Regulations: Inquire homeowners associations and home maintenance expenses.  

• Check Resale Value: Prime areas are the ones that interest in increasing at a higher rate.  

• Discuss Financing Terms: Developers tend to negotiate terms and conditions of off-plan properties.  

Why Invest with Invesca Real Estate.  

We are Invesca Real Estate and our business is to lead the buyers to the property market in Dubai:  

1. Customized choice of property.  

2. Complete legal and documentation.  

3. Advice on the recommending regions to invest in.  

4. Selection to handover end-to-end support.  

    

Be it the purchase of ready property in Dubai or investment in off-plan offerings, our team would offer you a safe, transparent and lucrative purchase.  

Conclusion  

Dubai has unparalleled opportunities to people wishing to buy property or purchase property in Dubai. Starting with the cost knowledge up to the selection of the most suitable location and managing the legal conditions, a systematic approach would guarantee a successful investment.  

Having Invesca Real Estate as your partner, you can easily venture the luxurious real estate of Dubai, invest in your business, and live the life you have always wanted.  

👉 Call Invesca Real Estate now and begin to own Dubai property!