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FAQ

What are the current trends in the apartment market in Dubai?

Answer: The market is stable and attractive for investors due to high demand and limited supply. Prices are rising, and many projects sell out quickly during construction.

What are the requirements for foreigners buying apartments in Dubai?

Answer: Foreigners can buy property in designated freehold areas. Most apartments are in these areas.

What taxes need to be paid when buying apartments in Dubai?

Answer: There is no property tax, but there are registration fees of 4% of the purchase price, payable to the Dubai Land Department (DLD).

What types of insurance are available for apartment owners?

Answer: Owners can insure against risks like fires, floods, theft, and damage. Insurance can cover the property and personal belongings.

How to choose a bank in the UAE for buying property?

Answer: Compare mortgage rates, terms, and the reputation of banks such as Emirates NBD and Dubai Islamic Bank.

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