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Address
No. 507, 5th Floor, The Business Center, Khaleed Bin Al Waleed Road, Dubai
Phone
+971-509450303
info@realrewardsrealestate.com
Frequently Asked Questions
What are the property ownership rights for foreigners looking to invest or live in Dubai?
Yes. Foreign nationals can purchase freehold property in designated areas of Dubai, as per UAE law. These properties offer 100% ownership with no leasehold restrictions, and the owner has full rights to sell, rent, or live in the property. Popular freehold zones include Dubai Marina, Downtown Dubai, Palm Jumeirah, and Dubai Hills Estate.
What is the Golden Visa, and how does real estate qualify me for it?
The UAE Golden Visa is a long-term residency program that allows eligible investors, entrepreneurs, and professionals to reside in the country for 5 or 10 years. Property investors can qualify by purchasing real estate worth AED 2 million or more. This investment can be in one or multiple properties, off-plan or completed. Owners can also sponsor their spouse, children, and household staff under the same visa.
What taxes or fees should I expect when buying or selling property in Dubai?
Dubai’s property market is one of the most tax-friendly globally. There is no income tax, no capital gains tax, and no annual property tax. However, buyers pay a one-time 4% transfer fee to the Dubai Land Department and a 2% agency fee. Sellers may also incur NOC and developer fees depending on the property type.
How long does the entire buying process take, and what are the steps involved?
The process typically takes 2 to 4 weeks for completed properties. Key steps include:
- Selecting a property
- Signing a Memorandum of Understanding (MOU)
- Obtaining a No Objection Certificate (NOC) from the developer
- Finalizing payment and legal documentation
- Transferring ownership at the Dubai Land Department
For off-plan properties, timelines vary based on the developer’s completion schedule.
Can non-residents or international investors get a mortgage in Dubai?
Yes, non-residents are eligible for mortgages in the UAE through select banks. Typically, banks offer financing up to 50–75% of the property value for non-residents, depending on their financial profile. Residency status, income verification, and the property’s location and developer will influence approval.
What types of properties does Real Rewards Real Estate offer?
Our portfolio includes residential, commercial, and off-plan developments across Dubai’s top-performing areas. Whether you’re looking for a luxury apartment with a view, a villa in a family-friendly community, or a retail space with strong foot traffic, we provide curated listings that align with your investment and lifestyle goals.
How does Dubai compare to other global cities in terms of property investment returns?
Dubai offers higher rental yields than many global cities, typically ranging from 6% to 9%, compared to London or New York, where yields often fall below 4%. Coupled with zero property tax and strong demand from international buyers and renters, Dubai stands out as a top-performing real estate investment hub.
Do you offer support beyond the sale, like property management or leasing?
Yes. We offer comprehensive post-sale services including property leasing, tenant screening, resale advisory, and referrals to trusted property management companies. Our goal is to help clients maintain and maximize their property’s value over time, whether they reside in Dubai or invest from abroad.