How To Buy A Property In Dubai

1
A Guide To Dubai Property For Sale
2
Finding the right Dubai property advisor

• If you are looking for a Dubai property for sale
  Dubai real estate markets differ significantly
  from those found elsewhere, which makes having an
  experienced Dubai property agent who you can
  entrust throughout your transaction of utmost
  importance. Knight Frank Middle East is one of
  Dubai's longest-established estate agents,
  specialising in selling properties in
  sought-after areas within superprime and prime
  real estate markets. At our customized Dubai home
  buying and selling service, our aim is to find
  you a property that best meets your real estate
  requirements while supporting you during the
  process of acquisition.

3
Why invest in Dubai?

• Real estate markets that are maturing offer
  higher rental yields for investors than elsewhere
  in the city, offering up gross rental yields
  between 5-9 percent.
• Dubai stands out as an affordable destination to
  purchase prime real estate, making property per
  sq ft prices significantly less than those found
  elsewhere in the world. Discover How Much Will 1
  Million Cost You in Dubai.
• Under new visa laws for property investments,
  investors can obtain residency visas with certain
  requirements fulfilled. Properties valued over
  AED 1 Million could qualify for a two-year
  residency visa those valued over AED 5 Million
  might even be eligible for five year residency
  permits for properties over AED 10 Million they
  might even be eligible for a ten year residency
  permit!
• Tax conditions in Dubai are exceptionally
  favorable, particularly the lack of property and
  stamp duty taxes that apply in other global real
  estate markets, making the city an extremely
  appealing investment opportunity.

4
What should you consider before buying property
in Dubai?

• If you are considering purchasing a home either
  as personal accommodation or investment property,
  here are a few key considerations that should
  inform your decision
• Facilities, location and the amenities available
  within a community - such as transportation
  access, education and child care services - all
  contribute to creating a high-quality living
  experience. Sizing quality accurately requires
  taking all factors into consideration.
• Market Conditions, Purchase Timing and
  Maintenance Costs Can Be Difficult to Assess
  Accurately To assess accurately every element can
  be difficult to make your assessment effective
  it is advisable to conduct extensive research
  yourself or consult an expert with experience in
  property valuation.

5
Procedures

• Seller and buyer reach an agreement on the terms
• The Memorandum of Understanding (MOU) is signed
  and a down payment (usually 10 percent) is made
• The parties meet in the offices of the developer
  to submit for an no Objection Certificate ('NOC')
  to let the property
• The developer is likely to issue the NOC in
  exchange for the payment of a fee after it is
  certain all amounts owed by the developer as a
  result fees for service has been paid in total
• After an NOC was issued, all party is eligible to
  visit an office at the Dubai Land Department to
  officially transfer ownership. It is the Dubai
  Land Department will insist on the payment of the
  purchase price by way of a manager's payment that
  is by the vendor at the day of transfer. After
  the formalities have been completed the new title
  deed is issued under the name of the buyer.