Dubai is located on the Eastern coast of the Arabian Peninsula, in the south west corner of the Arabian Gulf. It is extremely well known for its warm hospitality and rich cultural heritage, and the Emirati people are welcoming and generous in their approach to visitors.
With year-round sunshine, intriguing deserts, beautiful beaches, luxurious hotels and shopping malls, fascinating heritage attractions and a thriving business community, Dubai receives millions of leisure and business visitors each year from around the world.
The Dubai government is made up of the Supreme Council of the UAE - the highest federal authority - headed by the hereditary rulers of the seven emirates. It is responsible for general policy matters involving education, defence, foreign affairs, communications, development and the establishment federal laws.
Established in December 1971, the country is a federation of seven emirates. The constituent emirates are Abu Dhabi (which serves as the capital), Ajman, Dubai, Fujairah, Ras al-Khaimah, Sharjah, and Umm al-Quwain. Each emirate is governed by an absolute monarch who jointly form the Federal Supreme Council. Capital Emirate Abu Dhabi
Dubai has a hot desert climate. Summers in Dubai are extremely hot, windy, and humid, with an average high around 41 °C (106 °F) and overnight lows around 30 °C (86 °F) in the hottest month, August. Most days are sunny throughout the year.
Winters are warm with an average high of 24 °C (75 °F) and overnight lows of 14 °C (57 °F) in January, the coldest month. Precipitation, however, has been increasing in the last few decades, with accumulated rain reaching 94.3 mm (3.71 in) per year.
Dubai summers are also known for the high humidity level, which can make it uncomfortable for many
Emirate Dirham (AED)
Arabic but English is widely spoken
Yes in specified Freehold areas
Choosing the right Estate Agent Your first step is to find a registered real estate Agency. All Agents in Dubai have to undertake training and be licensed by RERA (Real Estate Regulatory Authority) you can ask your Agent to produce their card or check if their registered on the RERA website.
The buying process in Dubai is very simple. You can either buy off plan direct from the developer or on re sale from Owner.
All completed properties have Title Deeds from the Dubai Lands Department. If you are buying a property off plan check first at the Dubai Lands Department that the Developer is registered and only pay money into an ESCROW account.
Find out the completion date and make sure you get a SPA or MOU, Sales Purchase Agreement or Memorandum of Understanding from the Developer.
Once the property is completed you will need to pay a 2% fee to the Dubai Lands Department for the issue of your Title Deed.
If you are buying on a re sale check that the seller you are dealing with is actually the Owner of the property, you can do this by asking for a copy of there passport an Title Deed.
If the property is mortgaged you will be asked to clear the mortgage before you transfer the property into your name, for your security you will be given a cheque by the Seller for the same amount upon which you will return at transfer.
You will pay a 10% deposit to the Owner usually held by the Agent until the time of transfer. At the same time you will sign a purchase agreement with a 30 day for cash to cash or 45 days for mortgage expiry to transfer.
Once you have cleared the mortgage or if the seller has no mortgage you will go with the Seller to the original Developer of the Building or Villa and obtain a NOC, No Objection Certificate.
This is a letter from the Developer saying to the Lands Department that the Seller is free to sell and has settled their service charges up to the date of transfer. At the same time the developer will register you as the new owner and you will pay 6 months or 1 year service charge in advance.
An appointment will be booked at the Lands Department by your agent for both you and the Seller to transfer the property, you will take with you a managers chq for the remaining balance of the property. At this time the Lands Department will issue you a Title Deed with you as Owner of the property.
The Lands Department charges 4% of the total sale price for the Title Deed. This is paid by the Buyer. If you are buying with a mortgage then your bank will attend the transfer and supply the payment Mortgages For Dubai Residents a mortgage can be obtained for 75% of the purchase price.
Non residents should expect to pay a higher APR and only get 50% of the purchase price.
Can a foreigner get Dubai residency visa when buying a property? According to the federal decree, investors outside or within the UAE are eligible to apply for a multiple-entry visa after they purchase a property in the country.
This visa is valid for six months and can be renewed as soon as the property-owner/ resident leaves the country.
The visa application and renewal costs AED 1,100. However, there are certain requirements:
The property must have a value of at least AED 1m • The title deed must be issued in the property owner’s name and will be the same name on the subsequent residency visa. •
Therefore only one person can be listed on the title deed as the owner to apply for residency.
This individual should provide proof of a minimum monthly income of AED 10,000.
The property must be complete.
No information appears to be publicly available about whether the visa can be extended to cover family members.
•2% Dubai Lands Department Fee for Off Plan Property
4% Dubai Lands Department Fee for Completed Property
2% Agency Fee paid by the Buyer
AED2,000-AED5,000 NOC fee + AED500 admin fees
To lease a property in Dubai you need to have your residency visa.
All property rents are paid yearly sometimes in 1 cheque upfront but more likely you can ask for up to 4 cheques which means you will pay quarterly.
If you are willing to pay in 1 cheque you can usually negotiate a lower rent than advertised. Your first step is to find a registered real estate Agency.
All Agents in Dubai have to undertake training and be licensed by RERA (Real Estate Regulatory Authority) you can ask your Agent to produce their card or check if their registered on the RERA website.
Once you have found an apartment or villa check that the Landlord you are dealing with is actually the Owner of the property, you can do this by asking for a copy of there passport an Title Deed.
You will be asked to pay the Agency Commission and Security Deposit, both of which are 5% of the annual rent to take the property off the market.
The agent will ask you for a copy of your passport, visa page and contact details and then draw up the tenancy contract between you and the Landlord. Once you sign the tenancy contract you hand over the cheques for the rent in advance for the year, post dated. Most properties are completely unfurnished.
You are responsible for paying all utility bills, DEWA, Dubai Electricity and Water Authority and Air Conditioning. You will also be asked to register your Tenancy Contract with Ejari (the Lands Department) at your cost of AED200.
5% Agency Fee payable by the Tenant
AED200 Ejari Registration payable by the Tenant
AED2,000 deposit for DEWA payable by the Tenant