How to Buy Property in Dubai OR Other Emirates

To buy property in Dubai or other Emirates – what do you need to know? 

First, identify the reason for buying property in Dubai or other Emirates.
Is it an investment or for your own use?

Next, do you want the property to be ready now?  Or you want to invest for the future?

Then, decide on the Emirate and specific location within it.

Remember, that expats can only own in designated freehold zones.

Review carefully the title deed, to know:

• Who the sellers are;
• Whether the property is mortgaged or paid off;
• And the property specifications, such as size and parking.

Furthermore, it is important to:

• Conduct thorough property inspection.
• And understand whether the property is rented or not. 

Then, come the commercial factors.

• Make sure that you agree on the purchase price ahead of time and that you can afford it.  
• Remember, that there is often a 10% deposit that is held with the agent.  Although it is not required by law.
• Then, identify the amount of the annual service charges.
• In addition, you will also have to pay a 4% registration fee to the government. 
• As well as real estate brokers’ fees. 

Finally, make sure that whoever you are dealing with is either 

1) the property owner or
2) an official representative with the specific Power of Attorney. 

Importantly, all of this information should be clearly documented in the underlying agreements, which you understand.

The transfer of ownership happens at one of the official transfer centers, at the end of which you will receive a new title deed, in your name.