Buying Property in Dubai
At Luxury Properties Hub, we understand that buying property can be daunting. That’s why our friendly and experienced agents are here to make it easy for you. Whether you’re searching for your perfect second home or aiming to invest for the future, we’ve got you covered.
With our deep knowledge of the UAE real estate market, we’ll provide you with all the information you need to make informed decisions. From market trends to legalities, we’ll ensure transparency and compliance every step of the way. Plus, our in-house conveyancing team will handle all the paperwork, so you can relax and focus on your excitement for your new property.
But we’re more than just a real estate agency – we’re your dedicated partner. Our commitment to professionalism and efficiency means that when you choose Luxury Properties Hub, you’re not just getting a service – you’re gaining a trusted ally in your real estate journey. Join our satisfied clients and experience the difference today!
Access to The Real Estate Register
In Dubai, property ownership is open to all. Companies need to be incorporated within Dubai's onshore or specific offshore zones. At Luxury Properties Hub, we help property buyers with incorporation services, handling all paperwork and ongoing company needs.
Key Considerations When Purchasing Real Estate in Dubai
Legal Regulations: Familiarize yourself with Dubai’s property laws, including ownership rights, taxes, and regulations governing foreign ownership.
Timeframes
Resale property transactions in Dubai take around 30 days, while off-plan deals can be completed in just one day or even 30 minutes. We offer Power of Attorney representation to expedite transactions, freeing buyers to focus on their schedules.
Who Can Buy
Absolutely anyone, whether you're a person or a business, can own property in Dubai. But if you're registering property under a company's name, that company needs to be incorporated within Dubai's onshore zone or in specific offshore or free zones.At Luxury Properties Hub, we've got your back. We offer incorporation services for buyers, taking care of all the paperwork needed for property registration and providing ongoing company maintenance. Let us handle the nitty-gritty details while you focus on making your dreams a reality in Dubai.
Finding the Right Dubai Property Advisor
Navigating the Dubai real estate market requires a reliable agent registered with the Dubai Real Estate Authority. At Luxury Properties Hub, we provide crucial local expertise for seamless transactions and your next great real estate deal.
Fees Involved In Purchase Of A Property In Dubai
When buying on the secondary market:
- Broker’s commission varies between 2% to 5% (plus VAT) of the purchase price.
- A no objection certificate from the developer can be anything between 500 and 10,000 AED plus VAT.
- Registration Trustee fee is 4,000 AED plus VAT for properties valued over 500,000 AED, and 2,000 AED plus VAT for properties below 500,000 AED.
- Transfer fee is 4% of the purchase price.
- Mortgage registration fee (if applicable) is 0,25% of the registered loan amount.
- Title deed issuance is 580 AED.
- There may be additional payments associated with the service charge and utility payments for the properties.
When buying off-plan properties:
- Booking deposit around AED 5,000-37,000, depending on the property value; the deposit is adjusted towards the 1st installment for the property.
- Installments are usually 5% to 10% of the property value paid every three months; convenient post-handover plans are often available.
- OQOOD (interim title) registration fee: 4% from the property purchase value + AED 3000 admin fees.
Sold & Rented
Pao Jonson
Pao is a results-oriented analyst with a solid background in administrative assistance. She is passionate about using her talents and expertise to achieve corporate success and to positively contribute to team goals.
- +971 48 866 18 6
- info@luxuryhubproperties.com
