General questions
Yes, Dubai welcomes non-residents to invest in its real estate market. Non-GCC (Gulf Cooperation Council) residents can buy properties in designated areas, subject to certain regulations and approvals.
Property purchase costs include:
- The property prices.
- Dubai Land Department fees (typically around 4% of the property value).
- Real estate agent commissions.
- Other transaction-related expenses.
Freehold properties grant the buyer full ownership of the property and its land. On the other hand, leasehold properties provide ownership for a set lease period, often 99 years, after which ownership reverts to the landowner.
Dubai’s rental market offers both long-term and short-term rental options. Rental agreements are typically for one year, with rents payable in advance. Rental rates vary based on location, property type, and amenities.
Dubai does not impose property taxes on residential properties. However, there are fees related to property transactions, including registration fees and service charges in certain developments.
Located at the foothills of the beautiful Kemmanagundi mountains and surrounded by rolling farmlands, our entire campus is filled with hundreds of species of ferns, fruits, flowers, plants & trees. We recreated a lush tropical garden so that you and your loved ones can relax & refresh
The process involves:
- Listing the property.
- Finding a buyer.
- Signing a Sale and Purchase Agreement.
- Completing the transfer through the Dubai Land Department.
Since the process can be a hassle for many, we at Frank Plowman try our best to make it as smooth and quick as possible.
Frank Plowman offers various services, including property advisory, investment strategies, market insights, transaction assistance, and more. Our experienced team is dedicated to helping you navigate Dubai’s real estate market with confidence.