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Frequently asked questions related to
investments in Dubai.
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Can foreigners legally own property in Dubai?
Yes, Foreigners from any nationality including India can legally own a property in Dubai.
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What is the minimum budget to start investing in Dubai real estate?
The lowest minimum investment that can yield higher returns is approx. INR 1.6 Cr. which is AED 700,000.
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Do I need to be a resident to buy property in Dubai?
No, you don’t need to be resident to buy a property in Dubai.
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Can I get a home loan in Dubai as a non-resident?
Yes, some banking institutions in Dubai offer loans to Indians upto 45 - 55% of the property cost. Balance investment needs to be self funding and done first.
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Are there property taxes in Dubai?
There are no property taxes in Dubai. However, Dubai RERA charges 4% DLD charges at the time of registration. And developer or developer agencies could charge some amount for maintenance annually.
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What is the average rental yield in Dubai?
Rental yields depend on various factors, however 7 - 14% is the range of rental returns for long-term. Some short term rentals can go above 15%
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Do I need a lawyer to buy property in Dubai?
No, Not at all. You don’t require any lawyer to buy a property in Dubai.
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How easy it is to resell property in Dubai?
Dubai market being highly lucrative, The average property takes around 1-2 months to resell. With Envestor’s Space, we recommend those properties that sells less than a month.
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Does property investment qualify me for a UAE residency visa?
Dubai is offering two visas at the moment. Investors Visa for the properties below AED 2 Million and Golden Visa of 10 years along with the properties of AED 2+ Million.
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What are the key risks I should know before investing?
Investment in Dubai is risk-free as its governed by Dubai RERA - An institution that was formed in 2007, that makes the investment risk free and investor friendly. There is a slight risk if you purchase properties based on the advertising or marketing that has come on your way. Your investment may be biased towards that developer, and could be a chance you ended up buying a wrong investment. But with Envestor’s Space, your risk of investment is minimised to zero as we do the entire heavy lifting for you.
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What is the difference between freehold and leasehold property?
Earlier Government developments and some areas were on leasehold lands and buying a property in those communities were on 99% years lease agreement. However, all the major areas in Dubai are now freehold and you own the ownership until you own the property in Dubai. You may also pass on this property to your generation following you.
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How long does the property buying process take?
Just like India, the purchase of property takes place on the payment of 20% of the property value. The property is then registered in your name. And you don’t need to visit Dubai to buy the property.
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What is the typical down payment for property in Dubai?
Just like India, you can pay 5% to block the unit & balance 15% to register the unit under your name. For registration, DLD Fees = 4% of the property price + Admin fees (AED 580 for apartments and offices, AED 430 for land, AED 40 for off-plan)
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Do I need a local bank account to get a mortgage?
14. Yes, typically required — but simpler. Most banks will ask you to open a non-resident bank account in the UAE when you apply for a mortgage. It's usually a savings account, and not a full current account. This is needed to: * Disburse the loan * Set up EMI payments * Hold some minimum balance as part of the bank’s internal policy
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What documents do I need to invest in Dubai Real Estate?
You need only a passport copy to purchase property in Dubai.
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What’s the minimum investment for Golden Visa?
2. Golden Visa for 10 years is applicable for the purchase of property investment of AED 2+ Million which is INR 4.7 Cr.