get the answers to your questions
- Property Appreciation: Dubai’s real estate market often experiences significant capital appreciation over time. At CV ESTATES, we advise clients on expected capital appreciation throughout the off-plan journey, from the initial purchase until handover. We also continue to provide insights post-handover, ensuring that clients remain informed about the ongoing value of their investment.
- Market Trends: Staying informed on local market trends is crucial, such as shifts in supply, demand, and growth projections that could impact both rental income and property appreciation. At CV ESTATES, we always provide clients with an updated, guided document detailing the latest market trends, insights on where to buy, and any relevant real estate information to help them make well-informed decisions.
- Rental Income: Estimate your rental income based on current market rates and occupancy trends. At CV ESTATES, we provide expert advice on the rental income you can expect at the time of purchase and keep this information updated, offering ongoing guidance whenever you need it after ownership. Historical rental data for the area can also help refine your estimates.
- Factor in Unoccupied Periods: When estimating your rental income, it’s important to consider the possibility of periods when the property may not be rented out. These gaps between tenants, known as vacancy periods, can affect your overall income. Planning for these occasional vacancies helps give a more accurate projection of your rental returns.
- Account for Ownership Expenses: Be sure to include all ongoing expenses related to owning the property, such as maintenance fees, service charges, insurance, and property management costs. Additionally, if you’ve financed the property through a mortgage, factor in interest payments and other loan-related expenses. These costs will affect your overall returns, so it’s essential to consider them carefully. At CV ESTATES, we will guide you through this process, ensuring you are well-advised about any expenses to help you make informed decisions along the way.
Foreign nationals are allowed to own property in designated freehold zones in Dubai. This enables expatriates and international buyers, including non-residents of the UAE, to acquire full ownership rights, without the limitations of leasehold or usufruct agreements, for a term of up to 99 years.
Key points to consider:
- Title deeds are issued through the Dubai Land Department. At CV ESTATES we will guide you through this process.
- There are no age restrictions for property ownership.
There is no annual property tax in Dubai. However, there is a fee for services provided by the Dubai Municipality, typically around 5% of the annual rent, paid by tenants.
Dubai’s property market stands out in the UAE with its unique regulations and processes. Here’s what sets it apart:
- Property Registration: Dubai has a streamlined process through the Dubai Land Department (DLD). Buyers must verify the property’s title deed with the DLD before registration.
- Foreign Ownership: Dubai offers more extensive options for foreign property ownership compared to some other emirates.
- Costs and Fees: While all emirates have associated costs, Dubai’s fee structure is distinct. It includes transfer fees, registration fees, and service charges that vary based on property type and location.
- Legal Framework: Dubai has specific laws governing property transactions, especially for foreign nationals.
- Financing Options: The emirate offers a wide range of mortgage products tailored for the Dubai market.
With CV Estates, you’re not just buying a property; you’re gaining a team of experts dedicated to making your Dubai real estate journey smooth and informed. We ensure you’re aware of every aspect of the process, from legal considerations to financial implications, setting your Dubai property purchase apart from experiences in other emirates.
Yes, property ownership in Dubai provides a great opportunity to obtain a residence visa. If you purchase a property valued at AED 750,000 or more, you are eligible to apply for a renewable two-year residence visa, which allows you to sponsor your spouse and children. For properties valued at AED 2 million or more, you can apply for a renewable 10-year residence visa, which also allows you to sponsor your spouse, children, and parents.
Even if your property is mortgaged, you can still qualify for the 10-year visa by providing a bank letter confirming that AED 2 million has been paid. This process demonstrates Dubai’s commitment to supporting investors and their families.
Please note that the required investment amounts are subject to change. At CV ESTATES, we ensure our clients are informed of the most accurate and up-to-date amounts before they begin their property purchase. Additionally, our legal team is available to guide you through the visa application process, ensuring everything runs smoothly and in compliance with local regulations. It is advisable to seek independent legal and tax advice before making any final decisions.
At CV ESTATES, we offer full property management services for any property purchased through us. Whether your goal is to rent out the property short-term while you’re away or lease it on a long-term annual basis, we ensure that your investment is well-managed. Our services range from handling property maintenance to finding the best tenants, ensuring your property remains in top condition and generates the desired returns. You can trust us to take care of all aspects of property management, providing peace of mind while you focus on your other priorities.
At CV ESTATES, we offer comprehensive renovation and interior design services to elevate the look and functionality of your property. Our in-house interior design team can assist whether you want to showcase your property for sale or rental, or if it’s a home purchased for personal living. From updating the interiors to ensuring all aspects of the property are in perfect working condition, we ensure your space reflects your style and needs, making it both beautiful and functional.
At CV ESTATES, we make it easy for international buyers to find the perfect investment property. We schedule personalized calls with our foreign investors to understand their goals and preferences. During these discussions, we guide them through the legal process, visa options, and property location research based on factors such as family needs, accessibility, schools, malls, and other points of interest. We also explore the type of investment they are seeking, whether they want to buy to rent out or move into the property themselves.
Once these factors are identified, we provide a virtual tour to ensure clients feel as if they are viewing the property in person. Additionally, we offer a tailored handbook that includes detailed information about specific properties, their sales history, new off-plan investments, the developers, and any other relevant data to support informed decision-making. Our goal is to provide a seamless, customized experience to ensure clients feel confident throughout the process.
At CV ESTATES, we provide comprehensive financial guidance throughout your property purchase. We assist with everything from the initial Expression of Interest (EOI) deposit to property transfers. If you’re considering purchasing with cryptocurrency, we offer advice on how to navigate that process as well. Additionally, our in-house finance team is available to help secure tailored mortgage options that suit your needs. We also manage bank transfers to ensure smooth, hassle-free payments for off-plan properties. Our goal is to make the financial aspects of your investment as seamless and informed as possible.