Buyer’s Guide
TOP 10 QUESTIONS FOR FIRST TIME HOME BUYERS!
Are you thinking of buying or renting a property in Dubai? Here are some useful insights and tips for buyers or anyone interested in the Dubai real estate market
- Can non residents buy property in Dubai?
- Yes. Non-residents can buy property in Dubai, but there are certain regulations that need to be followed.
- What is the minimum age requirement to buy a property in Dubai?
- The minimum age requirement to buy a property in Dubai is 21 years.
- What are the fees associated with buying a property in Dubai?
- The fees associated with buying a property in Dubai include registration fees, brokerage fees, and valuation fees. The exact amount depends on the purchase price of the property.
- Can I get a mortgage in Dubai as a foreigner?
- Yes, it is possible to get a mortgage in Dubai as a foreigner. However, the eligibility criteria and interest rates may differ from those for UAE nationals.
- What is the process for buying a property in Dubai?
- The process for buying a property in Dubai involves finding a property, submitting an offer letter, and signing a sale and purchase agreement. Once the agreement is signed, the buyer pays the deposit and the property is transferred to their name.
- How much deposit do I need to pay to buy a property in Dubai?
- The deposit amount depends on the purchase price of the property and the mortgage lender’s policy. Usually, a deposit of at least 20% of the property’s value is required.
- Are there any taxes on buying a property in Dubai?
- No, there are no taxes on buying a property in Dubai. However, there are fees associated with the transfer of ownership.
- Do I need a real estate agent to buy a property in Dubai?
- No, but it is recommended to work with an experienced agency to help you navigate the process and avoid common pitfalls.
- What are the common types of properties available in Dubai?
- The common types of properties available in Dubai include apartments, villas, townhouses, and land.
- What should I consider before buying a property in Dubai?
- Before buying a property in Dubai, you should consider factors such as the location, type of property, price, and budget. It is also recommended to conduct a property inspection.
If you are looking for a reputable and trustworthy Dubai agency, look no further.
+971 52 938 5949 / info@jsrgroup.ae / www.jsrgroup.ae
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