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Buyer’s Guide

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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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