Agents - Baron Luxury Real Estate - Real Estate Broker in Dubai

FAQ’S

Frequently Asked Questions

Can I get a mortgage as a foreigner in Dubai?

Yes, foreigners can obtain mortgages in Dubai, though eligibility depends on factors like income, residency status, and credit history. Most banks require a minimum income and may finance up to 80% of the property value. We can help you connect with local banks and financing options tailored to expats and foreign investors.

What is the process for buying property in Dubai as a foreigner?

Foreigners are allowed to purchase property in Dubai’s freehold areas, which are designated for foreign ownership. The process involves selecting a property, making an offer, signing a Memorandum of Understanding (MOU), paying a deposit, arranging financing (if needed), and transferring ownership at the Dubai Land Department. We can guide you through each step to ensure a smooth transaction.

What types of properties are available in Dubai?

Dubai offers a variety of properties to suit different needs and budgets, including apartments, villas, townhouses, penthouses, and commercial spaces. You can also choose from off-plan properties, resale homes, and luxury properties in iconic neighborhoods like Palm Jumeirah, Downtown Dubai, and Dubai Marina.

Are there any taxes on buying or owning property in Dubai?

Dubai does not have property taxes, capital gains tax, or income tax, making it an attractive destination for real estate investment. However, there are transaction fees, including a 4% transfer fee to the Dubai Land Department, as well as some administrative charges during the purchase process.

How can I rent out my property in Dubai as an investment?

Renting out your property in Dubai can generate rental income, as demand for rental properties is high. You’ll need to register the tenancy contract through Ejari, the official lease registration system, and may want to consider a property management company if you’re based abroad. We can help you with tenant searches, lease agreements, and property management options.

What are the most popular neighborhoods for buying property in Dubai?

Dubai offers diverse neighborhoods to suit different lifestyles. Downtown Dubai and Business Bay are popular for professionals, Dubai Marina and JBR are sought-after by waterfront lovers, and Palm Jumeirah and Emirates Hills are famous for luxury living. We can guide you to the neighborhood that best matches your lifestyle and investment goals.

Realty Professionals

Bjorn Hartendorp

Haseeb Hussain

Shakir Mehmood

Rebal Maklouf

Roma Buenaobra

Ralph Najera

Niña Villahermosa

Yourish Biharie

Musa Kaleem

Maxime Simao

Cornfiel Kroon

Joy van den Hurk

Claudia Strijk