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Frequently Asked Questions

What is Ejari?

Translated from Arabic, this word means «My rent.» This is the name of a special electronic system designed to regulate and register lease agreements in Dubai. It is this system that makes the rental market in Dubai one of the most regulated. All lease agreements must be registered in this system.

Off-plan refers to real estate in the preliminary or initial stage of construction. That is, it is property under construction.

Residents living abroad are not required to pay property tax. However, if the property is intended for commercial purposes, a 5% VAT is applicable.

Absolutely. Investing in property in Dubai offers numerous advantages that make it a lucrative choice:

  • Dubai does not levy annual property taxes.
  • Once the necessary duties are paid, there are no ongoing periodic or additional taxes.
  • Investments worth at least 1 million AED can make the buyer eligible for a UAE resident visa.
  • Dubai boasts high rental yields, outperforming other cities in the world.
  • Foreign nationals have the same property ownership rights as UAE citizens, allowing full ownership and the freedom to sell the property as desired.

Yes, according to UAE law (Law No. 26 of 2007), citizens of other countries can rent out their property. Renting can be done independently or with the assistance of a licensed company.

With a long-term lease, you can expect an annual income of approximately 8% of the property’s value. However, if you opt for short-term rentals, you can earn up to 15% of the property’s value annually.

According to UAE legislation, there is no mandatory period of real estate ownership before resale. Owners can sell their property even the day after its acquisition.

Owners or buyers of real estate can appoint a trustee and grant them an appropriate power of attorney. The trustee will have the authority to handle real estate transactions on behalf of the owner.

One can make sale and transfer transactions within two years after the power of attorney is issued.

Yes, banks in Dubai offer mortgage loans with different rates and terms. They provide financing for both ready-to-occupy properties and those under construction. Foreign citizens are also eligible for international mortgages on real estate. To qualify for a mortgage, borrowers must:

  •  Hold citizenship from a bank-approved country,
  • Have a stable income source,
  • Pay a down payment, typically 20% of the property’s value,
  • Meet the bank’s minimum monthly income requirement, which may vary for UAE expats and non-residents.

You must also be 21 to 65 years old (if employed), while self-employed individuals can obtain mortgages until the age of 70.

For profitable investments, consider purchasing apartments in business districts like Downtown, Business Bay, and Al Wasl, or tourist-populated areas such as Beachfront, Dubai Marina, and Jumeirah. Families seeking a peaceful environment may prefer quieter locations like Dubailand, JVC, JLT, and MBR City. For sophisticated buyers with high incomes, luxury options are available, including Damac Lagoons, Dubai Hills Estate, and Damac Hills.

The «Golden Visa» is issued for 5 and 10 years to real estate owners, foreign entrepreneurs, investors and scientists. With a «Golden Visa» you can freely live and do business in the UAE, open a local bank account and become a tax resident of a country with a comfortable tax regime. To obtain a visa, the owner of the property must invest at least 2 million dirhams. (~545k USD).

As of the second half of 2023, the cost of a studio in Dubai in new buildings is from $120,000.

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