FAQs

"The process of buying a villa or an apartment in the UAE is comparable to purchasing property in the UK. A simple overview is that you find a property you like and place a formal offer. Our consultants will be able to help find suitable properties and will facilitate making the offer. If the offer is accepted, you will pay a security deposit, which is usually around 10% of the asking price. From there, your dedicated consultant will conduct the necessary checks, submit the required documents, and arrange your property contract. You will then pay for the property to have the ownership transferred to you. You will also be required to pay a transfer and other associated fees and agent fees."

"The DLD is a regulatory body under the Dubai government that is responsible for dealing with all property and real estate legislation, sale and purchase, and other related services. The DLD has an escrow account service that helps to protect both buyers and sellers through proper regulation for every transaction. It acts as a third party which holds funds on behalf of the two parties which can be released only when the parties fulfil certain set obligations. They are also responsible for the transfer of ownership and other important contracts throughout the sale process of a property."

"In most instances, the transaction process goes as follows: Buyer chooses the property. Buyer and seller sign the sales and purchase agreement, where all the terms and conditions of the deal are mentioned: the purchase price, additional expenses (agency fee, transfer fee at the DLD, developer’s fee, service charge refund, etc), the transfer date of the deal at the DLD, terms of payment and clearly-defined responsibilities and penalties for both parties in case they fail to uphold the conditions set out in the agreement. On signing the agreement, the buyer pays the deposit. This is usually 10% of the purchase price. The seller applies for a no-objection certificate (NOC) from the developer in order to sell the property. The NOC is required for the transfer process at the DLD. Once the NOC is ready, the buyer and seller can transfer the property and register it on the buyer’s name. Usually, payments need to be made at the time of registration."

An average property transaction in Dubai takes around 30 days to complete from the date on which the Agreement for Sale is signed.

A buyer is eligible for UAE investor visa if his total investment is AED 750,000 or above in one of maximum three properties.

"An off-plan property refers to a property where the construction is yet to begin or property that is only in the preliminary stages of construction. In most cases, purchasing off-plan means you typically get a better deal for the property, as property values tend to increase as projects approach completion date. "

"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."

"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."

After an initial consultation, the Applicant must pass our internal compliance checks, in order to be pre-qualified and ensure approval. After clearance and retainer payment, our experts will then provide a detailed checklist and personalized for all the required documentation.

Citizenship programs usually take between 3 and 6 months.

"Citizenship-by-Investment (“CBI”) schemes offer nationality, and consequently a passport, to Investors who make a donation to the Government or who buy qualified real-estate. The concept of CBI was first born in St. Kitts and Nevis in 1984."