Top 10 Properties in Dubai 2024
MAGAZINE
Real estate agency and expert consulting. We help people buy, sell and manage real estate in the UAE
Why UAE?
A 4-hour flight from 30 countries, including destinations in the Middle East, South Asia, Africa, and parts of Europe.
Up to 10 year Resident visa or Golden visa for investors.
In 2024, Abu Dhabi was ranked as the world's safest city, followed by Dubai in 4th place.
The UAE ranked as the fourth-best country in the world for expatriates.
The UAE's healthcare and education are known for substantial government investment, innovative practices and partnerships with international institutions.
Named as one of the best places in the world for infrastructure investments, ranked 3rd after Singapore.
Services
Assisting in selling properties on behalf of their owners. A sale process includes marketing, real estate appraisal, negotiations and all necessary paperwork.
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Assisting in finding and acquiring properties that meet your requirements. The service includes a search for properties, organizing viewings during the purchase.
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Assisting in selling properties on behalf of their owners. A sale process includes marketing, real estate appraisal, negotiations and all necessary paperwork.
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We provide guidance to clients interested in real estate investments, including market analysis, investment strategies and real estate portfolio management.
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Сonducting market research and real estate appraisals to help clients understand the value of their properties and make informed decisions about buying.
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We guide legal and financial aspects connected with real estate transactions, including assistance with contracts, negotiations and financing options.
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We represent your interests
and advocate for your needs
during real estate transactions.
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and advocate for your needs
during real estate transactions.
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Providing full support on the way to resident's status in Dubai. From the consultation to the preparation and submission of documents.
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Assisting in selling properties on behalf of their owners. A sale process includes marketing, real estate appraisal, negotiations and all necessary paperwork.
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team
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Muhammad AdilChief Executive Officer -
Elizaveta OleshchenkoManaging Director
Global Expertise, Local Insight—Your Trusted Real Estate Partners
15 new developments
priced from 860 000 AED
priced from 860 000 AED
advantages
-
EXPERTISE
AND EXPERIENCEWe have expertise in various types of real estate, shall it be residential, commercial, or industrial. - MARKET
KNOWLEDGEOur agency possesses knowledge of the local market, including its current tendencies and relevant real estate price. -
TRANSPARENCY
AND COMMUNICATIONWe prioritize communication and providing clients with regular and relevant updates. -
RANGE OF OFFERED
SERVICESWe offer a full range of services including property management, investment advice and legal assistance.
EMIRAHOME is your go-to digital magazine, shining a spotlight on inspiring stories from property owners and providing the latest updates on the UAE real estate market. We cover new project launches, market trends, and personal experiences, offering valuable insights for investors, homeowners, and real estate enthusiasts alike. Stay connected with the pulse of the UAE's dynamic property landscape through EMIRAHOME!
PARTNERS
FAQs
- The UAE’s property laws allow both residents and international investors to purchase property in designated freehold areas across the country, offering full ownership rights. Locations such as Dubai, Abu Dhabi, and Ras Al Khaimah have popular freehold zones where foreign buyers can buy, sell, lease, or inherit property, making the UAE a top choice for global real estate investment.
The process of buying a property in Dubai involves four key legal steps:
1. Establishing Buyer and Seller Agreement
After identifying the property, consult a real estate agent to help negotiate and outline terms with the owner.
2. Signing an Agreement for Sale
Once terms are finalized, both parties sign a Memorandum of Understanding (MoU), known as ‘Contract F’ on the Dubai Land Department website. The buyer typically pays a 10% deposit at this stage.
3. Applying for a No Objection Certificate (NOC)
The buyer applies for a NOC from the property developer, which allows the transfer of ownership once any outstanding fees are cleared.
1. Establishing Buyer and Seller Agreement
After identifying the property, consult a real estate agent to help negotiate and outline terms with the owner.
2. Signing an Agreement for Sale
Once terms are finalized, both parties sign a Memorandum of Understanding (MoU), known as ‘Contract F’ on the Dubai Land Department website. The buyer typically pays a 10% deposit at this stage.
3. Applying for a No Objection Certificate (NOC)
The buyer applies for a NOC from the property developer, which allows the transfer of ownership once any outstanding fees are cleared.
An average property transaction in Dubai typically takes around 30 days to complete, starting from the date the Agreement for Sale (MoU) is signed. This period covers the legal steps, including obtaining a No Objection Certificate (NOC) and transferring ownership. However, timelines can vary based on factors such as financing and developer approvals.
In the UAE real estate market, the Dubai Land Department (DLD) fee is 4% of the property value for both primary and secondary market transactions, typically shared between buyer and seller.
For primary market purchases:
AED 4,000 is charged for transactions over AED 500,000, and AED 2,000 for those below.
For secondary market transactions:
2% commission fee for the broker,
NOC fee, ranging from AED 500 to AED 5,000,
Plus the 4% DLD fee on the property value.
These fees are generally agreed upon and settled by both parties during the transaction.
For primary market purchases:
AED 4,000 is charged for transactions over AED 500,000, and AED 2,000 for those below.
For secondary market transactions:
2% commission fee for the broker,
NOC fee, ranging from AED 500 to AED 5,000,
Plus the 4% DLD fee on the property value.
These fees are generally agreed upon and settled by both parties during the transaction.
To apply for a mortgage in the UAE, you'll need to go through a bank, and the mortgage registration fee payable to the Dubai Land Department (DLD) is 0.25% of the loan value, along with an AED 290 standard charge.
Documents typically required for UAE residents to secure mortgage approval include:
Documents typically required for UAE residents to secure mortgage approval include:
- Passport and visa copy of the purchaser
- Copy of Emirates ID
- Proof of current address (such as Ejari or DEWA bill)
- Salary certificate or proof of regular income
- Bank statements for 3-6 months reflecting salary credits
- Memorandum of Understanding (MoU) for the property sale
- Title deed of the property being purchased
- Seller’s passport copy
- No Objection Certificate (NOC) from the developer
The UAE introduced Value Added Tax (VAT) at 5% on January 1, 2018. According to the VAT law, most real estate transactions are either not subject to or exempt from VAT, except for the sale of vacant commercial properties and commercial property leases. Residential property rentals, including apartment and villa rents, do not incur VAT. However, if additional services are included in the rental agreement or provided separately (like maintenance or utilities), they may be subject to VAT.
Barkley House Real Estate
©2024 All Rights Reserved
©2024 All Rights Reserved
