FAQs

FAQs

General Information about Dubai Real Estate

Can expatriates buy property in Dubai?
  • Yes, expatriates can purchase freehold properties in designated areas of Dubai.
What are freehold areas in Dubai?
  • Freehold areas are zones where foreign nationals can own property outright without leasehold restrictions.
Is it better to buy or rent property in Dubai?
  • Buying can be advantageous for long-term residents seeking investment, while renting offers flexibility for short-term stays.
What are the benefits of investing in Dubai real estate?
  • Benefits include high rental yields, tax-free income, and a robust regulatory environment.
Are there property taxes in Dubai?
  • Dubai does not impose property taxes; however, there are transaction fees and service charges.

Buying Off-Plan Properties

What does 'off-plan' property mean?
  • Off-plan’ refers to properties sold before construction is completed, often at attractive prices.
What are the advantages of buying off-plan properties in Dubai?
  • Advantages include lower prices, flexible payment plans, and potential capital appreciation upon completion.
What risks are associated with off-plan purchases?
  • Risks include construction delays, changes in market conditions, and potential project alterations.
How can I verify the credibility of a developer?
  • Check the developer’s track record, RERA registration, and previous project completions.
What is an escrow account in off-plan transactions?
  • An escrow account is a bank account between the Developer and Dubai Government that safeguards buyers’ funds, releasing payments to developers upon meeting construction milestones.

Offshore Investment Properties

Can non-residents invest in Dubai real estate?
  • Yes, non-residents can invest in designated freehold areas without requiring residency.
What documents are needed for foreign investors?
  • Typically, a valid passport and proof of address are required; additional documents may be needed for financing.
Are there financing options for international buyers?
  • Yes, several banks offer mortgage services to non-resident investors, subject to eligibility.
How can I manage my property from abroad?
  • Engaging a reputable property management company can handle rentals, maintenance, and tenant relations.
What is the process for repatriating rental income?
  • Rental income can be repatriated without restrictions, but it’s advisable to consult with financial advisors regarding tax implications in your home country.

Price Comparisons and Area Insights

Which areas in Dubai offer the highest rental yields?
  • Areas like JVC and Furjan offer high rental yields, with Marina providing an ROI of approximately 9.59%.
What are the average property prices in Downtown Dubai?
  • Prices vary; consulting recent market reports or real estate portals can provide current averages.
Is it cheaper to buy property in Dubai Marina or Palm Jumeirah?
  • Generally, properties in Palm Jumeirah are priced higher due to exclusivity; however, market fluctuations can influence prices.
What are emerging affordable areas for investment?
  • Areas like Dubai South and Jumeirah Village Circle (JVC) are gaining attention for affordability and growth potential.
How do property prices in Dubai compare to other major cities?
  • Dubai offers competitive pricing and higher rental yields compared to cities like London, Singapore, and Hong Kong.

Understanding Real Estate Jargon

What is a 'DLD fee'?
  • The Dubai Land Department (DLD) fee is a transaction cost, typically 4% of the property’s purchase price.
What is a 'NOC' in property transactions?
  • A No Objection Certificate (NOC) is a document from the developer stating no objections to the sale of the property.
What does 'ROI' stand for in real estate?
  • ROI stands for Return on Investment, indicating the profitability of a property investment.

Why Work with Real Estate Agents or Companies Like Diva Properties?

Why should I use a real estate agent instead of buying directly from a developer?

Real estate agents offer impartial advice, access to multiple developers and projects, and expert market insights, ensuring you make the best investment decision tailored to your needs. Developers only promote their own projects.

How does working with a real estate company like Diva Properties save me time?

We handle everything from property search and negotiations to paperwork, giving you a seamless and stress-free experience while saving you countless hours.

Do real estate agents have access to exclusive properties?

Yes, companies like Diva Properties often have access to off-market listings, early project launches, and exclusive deals that aren’t available to the general public.

What are the benefits of working with experienced real estate agents?

Experienced agents provide market knowledge, negotiation skills, and insights into property trends, ensuring you get the best value for your investment.

How can a real estate agent protect my interests in a transaction?

Unlike developers, agents work solely for you. They offer unbiased advice, ensure you’re aware of all risks, and negotiate favorable terms on your behalf.

Can a real estate company help me with off-plan investments?

Yes, we specialize in off-plan investments, guiding you through the process, explaining developer terms, and helping you understand long-term benefits and risks.

What makes Diva Properties stand out among other real estate companies?

Our unmatched expertise in Dubai’s property market, deep connections with developers, and client-first approach set us apart as trusted advisors for your real estate journey.

Is it cheaper to buy directly from a developer?

No, developers charge the same price whether you buy directly or through an agent. By working with us, you gain added value from expert advice at no extra cost.

Can real estate companies assist with negotiations?

Absolutely! Our agents have expert negotiation skills to secure better deals, payment plans, and terms that align with your financial goals.

How do real estate agents help with property comparisons?

We offer objective comparisons across multiple projects and areas, analyzing prices, amenities, ROI potential, and other factors to help you choose wisely.

Can an agent help me understand property jargon?

Of course! At Diva Properties, we simplify real estate terms and processes, making them easy for you to understand.

Are there any hidden charges when working with a real estate agent?

No, we are transparent about fees, and in most cases, the developer pays the agent’s commission, making our services cost-effective for you.

Can agents provide insights on future potential or ROI?

Yes, we leverage market trends and data to help you invest in properties with the highest potential for growth and rental income.

How does working with an agent reduce risk?

We conduct due diligence on properties and developers, ensuring your investment is secure and aligned with your goals.

Can real estate agents offer post-sale support?

Yes, we assist with property management, rental services, and any other post-purchase needs, making your journey hassle-free

Do agents offer personalized services?

Absolutely! We prioritize understanding your unique requirements and deliver tailored solutions that match your preferences and budget.

How do agents compare to developers in terms of options?

Developers promote only their projects, while agents like Diva Properties provide you with access to a wide range of options from different developers.

Can an agent help with portfolio management?

Yes, we offer expert advice on diversifying and growing your real estate portfolio for long-term success.

Why should I trust Diva Properties with my investment?

With a proven track record, deep market knowledge, and a client-first approach, we prioritize your success, ensuring every investment decision adds value to your journey.