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Buying a property

Nomadic life

Hi all,

Can someone please help me with information on buying a property in Dubai?

1. What is the procedure once I find a property I want to buy?

2. Is it just to sign a contract with the developer, make the down payment and continue with the monthly payment?

How long will this take?

Did I miss out on anything else?

Thanks in advance.

See also

Real estate listingsAccommodation in DubaiBuying property in DubaiChoosing a neighbourhood in DubaiAccommodation in the United Arab Emirates
Rajadubai2000

Hi

Yes, when you sign on the contract with a developers, they will take care of all the formality with local authorities for the purchased property.

Visa and other process must be done by yourself

Regards,
Raja

Nomadic life

Thanks Rajadubai2000,

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Other formalities such as? This is what I need to know.

Trying to figure out how long I will need to stay in Dubai for the formalities.

Wont be entitled to a residence visa as the property will not be worth a million dirhams.

Thanks

Rajadubai2000

For residence visa application The property must have a purchase price of a minimum of Dh1 million and the outstanding mortgage must be no more than 50 per cent.

Process will take 3 - 6 weeks time depends on the developers and registration process.

zeekhandxb

Which areas are you interested in and what size of property are you looking for ?

Regards
Zee

Nomadic life

Hi,

Not interested in spending a million for a property there.

Deciding to look at offplan up to 650k only.

Which areas would you suggest?

I was thinling of JVC, Al Barsha or any convenient location.

Do you know of honest property developers?

Thanks.

zeekhandxb

HI Mr Nomadic

I have good knowledge of the Dubai property market and areas I have just replied to your message please check your inbox

Kind Regards

Zee

SergejP

Hello

You can find a in the internet,  just use your pc or phone