Strategic approach to real estate purchase

Required documents for reserving the property: passport copy of all buyers, email, phone number, address, and postal code.Additional documents: bank statement, tax declaration, completed KYC form.

The Dubai Land Department (DLD) has officially approved online deals, allowing individuals to purchase property in Dubai without leaving their homes.

You can become Dubai resident having purchased real estate priced from $205,000. The right to residence permit extends to both the apartment owner and their family.Upon getting a residence visa, the property owner and their family members can apply for Emirates ID, open a bank account, get local driver's licenses, and insurance.

Swift-transfer to the developer's escrow account.

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Check if you have a bank account in the UAE.

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Cash payment.

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Payment with cryptocurrency.

Yes, according to UAE legislation (Law №26 of 2007), foreign citizens have the right to rent out their property. It can be done either directly by the owners or through licensed property management companies.

It’s probable to pay 4% special tax of the property cost to the Dubai Land Department (DLD). Typically, this fee is split equally between the buyer and the seller, although many developers cover these expenses when selling off-plan properties.

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One-time administrative and registration fees charged by the DLD range from $550 to $1200, depending on the cost and type of the property.