BUYING A HOME FOR YOU TO LIVE IN!

DEFINE YOUR NEEDS

Purpose of purchase: Buying a home to live in or for investment ?

Tenure: Decide if you are in Dubai for the long haul or the short term ?

Purchasing power: How much you can set aside for your monthly mortgage costs. Or if you can pay for the property in cash ?

Types of property: Do you prefer a villa or an apartment;
a ready-to-move-in property or one under construction ?

Contact us for more details

Mobile-number 971568005443
Zabadani Real Estate Whatsapp number +971568005443
Zabadani Real Estate Facebook  +971568005443

AFFORDABILITY

The rule of thumb says to not spend more than 20 to 30 percent of your monthly income towards paying off your mortgage. Don't forget to consider Service Charges, Maintenance fees. Mortgage related charges and 7-8% Property Purchase related charges (4% for a DLD transfer fee, 2% for the Agency and Admin fees).

RESIDENCE VISA

You can get a 5-year residence visa for a Dubai property valued at AED 5 million and more. The visa privileges also benefit the wife and children. Properly over AED 1 million gets you a residency visa that is renewable every year.

SAVINGS

A first-time home buyer must put down at least a minimum 25 percent down payment (provided your debt: burden ratio is healthy) to the bank for a property valued below AED 5 million. They must separately pay 7 to 8 percent of the property's value as upfront charges .

BUYING A PROPERTY IN DUBAI

FOR INVESTMENT

In Dubai, on average, investors get

6-10%
Gross Rental Yield

  • Property prices in Dubai are More Attractive

  • than in many other global cities. $1 million can get you 1,485 sq.ft. in Dubai.

DUBAI

has new laws linked with property investment.

  • Investors can get a 5-year-residence visa when they invest at least AED 5 Million in Property.
  • Investments worth AED 10 Million get a 10 - year Visa.
  • You can also get a renewable 1 year residence visa if you buy a peroperty worth over AED 1 Million

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