The Trakheesi system in Dubai is a smart system that allows all real estate brokers working in the city to complete their transactions through the official Department’s (DLD’s) website, without the need to visit the Land Department offices. To put it simply, all real estate agents must know about Trakheesi and know how to generate a Trakheesi permit in case they wish to list their properties...
Determine your budget and what type of property you are looking for (e.g. apartment, villa, etc.). Research the different areas of Dubai to find one that meets your requirements and fits your budget. Hire a reputable real estate agent to help you navigate the process and find properties that meet your criteria. View properties and narrow down your choices. Make sure to thoroughly inspect each...
The buyer signs Contract B with agency The seller signs Contract A with the agency The buyer submits a 10% deposit cheque (The cheque remains in the custody of the agency) The seller submits a 10% deposit cheque as well (The cheque remains in the custody of the agency) Contract F is prepared by the real estate broker clearly stating the amount to be paid to the seller and all the terms and...
Investors Protection Laws “Off–plan” or under construction developments in Dubai should be registered with RERA. The payments will be made to an escrow account managed by RERA to ensure that all the funds collected are only used for the project's development. Buying a property from a developer: Buyers have to issue a check with the downpayment, admin fees and registration cost (normally...
In case you are unable to pay for the property in cash, you will need to apply for a mortgage. In order to secure a mortgage approval, you need to prepare the following: Salary letter from your employer Any salary slips you might have received Bank statements of the last six months Passport copy with both a photo and visa page Copy of your Emirates ID Copy of current credit card...
A Golden Visa in Dubai is a type of residency visa that allows foreign investors, entrepreneurs, and talent to live and work in the United Arab Emirates (UAE) for a period of up to five years. The visa is usually granted to individuals who make a significant investment in the country, such as buying property or starting a business. The visa also allows the holder to sponsor dependents, such as a spouse and...
Step-by-step guide to getting a golden visa through property investment in Dubai Getting a golden visa from the UAE no doubt has its perks. Long term residency in the UAE will enable you to move freely in and out of the country without any hassles. Property investors in the UAE can now benefit from getting a golden visa through an investment as low as AED 2 million. Real estate investors can obtain...