Dubai is a fantastic area to live and work for several reasons, including its high standard of living, the absence of property and business taxes, the amazing lifestyle it offers with its incredible malls, shopping centers, high-end restaurants, and exclusive beaches, as well as its desert landscapes and rich culture.

Nowadays, the real estate market in Dubai is filled with various offers for investors in both the off-plan and ready property sectors. Dubai’s secondary real estate sales sector has experienced growth on a scale not previously seen as record-breaking transactions are being reported by the government week after week.

On the other hand, the off-plan real estate sales sector has experienced a phenomenal growth in transactions as waterfront and beachfront townhouses, villas and apartments are being sold by almost all the leading real estate developers in Dubai with flexible terms and payment plans.

An Investor's Checklist when
Buying a Property in Dubai

Are You Working With The Right Broker?

As one might know, the real estate industry in Dubai is a lot different as compared to other countries, it is critical that you work with a reputable real estate agent in Dubai that you can trust, who is also registered with the Dubai Real Estate Authority and Dubai Land Department. Make sure to ask for an agent’s real estate license before proceeding to give any of your requirements when you intend to purchase.

What Is The Potential Return On My Investment?

When you buy a piece of real estate, the last thing you want is for its value to decrease over the course of time. Is there a possibility that the value of the property will decrease over time? Do you intend to retain this for the rest of your life or sell it after a certain number of years? Depending on your use of the property, you should never forget to ask this question to the real estate broker you are working with to set your expectations before your purchase. Typically, the average rental return one can expect on a property is between 5% to 10%.

Are foreigners permitted to have 100% ownership of property in Dubai?

In the past, only citizens of the United Arab Emirates were allowed to legally own property in Dubai. In 2006 the government approved Regulation No. 3, establishing defined regions where non-citizens can own freehold property. These areas include Dubai Marina, Palm Jumeirah, Jumeirah Lakes Towers, and Emirates Hills.

How much time does it take to purchase a piece of real estate?

When you buy real estate, consider the value trends. Will the value decrease over time? Do you plan to keep it long-term or sell later? The average rental return typically ranges from 5% to 10%. Always discuss these expectations with your real estate broker before purchase.

What are the amenities in the location?

Non-citizens can own property in designated freehold areas with access to top amenities. Popular locations such as Dubai Marina, Palm Jumeirah, and Emirates Hills offer high-quality lifestyle facilities, making them attractive for investors and residents.

When will I get my proof of ownership?

Typically, the proof of ownership is issued shortly after completing the purchase formalities and registration. It’s important to clarify timelines with your broker to avoid delays. Ownership documentation secures your legal rights over the property.

What are the extra charges when buying a property?

Apart from the property price, expect additional costs like registration fees, agent commissions, and possibly service charges. These vary by location and property type. Always ask your broker to provide a full breakdown before buying.

The Conquer Advantage

Before purchasing, consider potential changes in property value over time and your investment horizon. Typical rental returns range from 5% to 10%. Discuss these factors with your real estate broker to align with your goals.