Can I purchase a property in Dubai?
Anyone can purchase a property in Dubai. In 2002 H.H. General Sheikh Mohammad Bin Rashid Al Maktoum, Crown Prince of Dubai and U.A.E Defence Minister, announced freehold ownership was now available to all nationalities Worldwide.
Can I get residency in Dubai if I purchase a Dubai property?
Freehold property owners in Dubai and their family have the right to apply for a resident visa in accordance with the latest immigration regulations.
What extra fees do I have to pay on top of the purchase price ie, tax?
There are no property taxes to pay in Dubai as Dubai is a tax free country. Therefore the price you see on a pricelist is the total property price for new Dubai property.
How do I pay for a Dubai Property?
All Dubai properties are purchased in UAE Dirhams, your agent we will assist you in this process. It is advised that you open an account with a foreign exchange company, this way you secure the best possible exchange rate.
Can I get finance in Dubai to purchase Dubai Property?
Yes. Finance is available from 50% up to 70% for non residents. However this process and application is specific to each individual development.
Tuesday, 1 April 2008
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