Investing in property in the United Arab Emirates’ vibrant real estate market is an exciting opportunity but equally intimidating for a first-time investor. At a time when so much will be at stake, this investment should be approached clearly in strategy. To help guide you through this complex landscape, we have organized a list of 23 key questions an investor must consider before a purchase. These questions cover salient points such as locational aspect, market sentiments, and legal considerations of the investment to ensure that all your investments are well considered and secured. Understanding Your Investment Goals Do You Want Capital Appreciation or ROI? Before proceeding with a property investment venture, first understand what goal you wish to achieve by investing. Do you plan to stay invested for longer periods in anticipation of significant capital appreciation or prefer steady income through a return on investment? Capital Appreciation: Invest in properties in great locations where the value would most likely appreciate over time. ROI: How much profit you can make from your money. Knowing what your main aim is will help you guide your strategy to fit with your financial goals and tolerance for risk. Do You Want Short Term or Long Term Rentals? This may impact your investment dramatically. For instance, if you decide to go for a short-term rental strategy, you could exploit tourist places such as Downtown Dubai or Dubai Marina. However, this strategy calls for more management. Long-term rentals in areas such as Dubai Hills ensure stable and consistent income. Choose a strategy that matches your lifestyle and investment objectives. Ready-to-move-in or off-plan: This is very crucial and will decide when you begin to gain returns for your investment. Ready-to-Move-In Properties : These are already finished; you can begin gaining instant rental income. Off-Plan Properties: These properties are still under construction but are normally cheaper. After sometime, they begin appreciating, but until then, you are at risks of construction. Compare, considering your risk tolerance, and your financial status will determine the best option for you. What Location Is Suitable for Your Investment Location can make or break your investment. Properties in prime locations usually give you good returns and, subsequently, good capital growth. Research neighborhoods that are emerging or have development projects that are ongoing, as such places can be goldmines. There are resources like PropertyFinder.ae where you can find the best properties sorted by location and price. Ownership: Leasehold or Freehold Would you like it? Know how the difference between leasehold and freehold ownership makes a lot of difference: Leasehold: You are entitled to a property for years; though initial costs lower, yet with more restrictions; Freehold: You have absolute rights over the land and property; good control and even better scope for the potential increase in value. The decision will depend upon the long-term investment goals. Is the Size of the Property Significant? Totally! Property size will play a role in market value, potential rent, and attraction to buyers. That means bigger properties may offer more return but are costlier and take up more to maintain. In certain instances, smaller units may produce more returns. You should observe market forces before you decide. Market Research Do You Watch Market Trends? Yes! You should track the market trends for better decision-making. Regularly check these resources, like Market Watch reports, to update yourself on the latest trends and pricing insights in Dubai’s real estate market. Are Branded Residences a Better Investment? The appeal of branded residences is pretty high. If you are considering an investment in branded residences, here are some pros: They often attract high-net-worth individuals and maintain higher standards of quality and service. Advantages: They can be relatively costly, and the profit depends on the market fluctuation. Take both sides of this before investing in this kind of investment. Where Do I Invest? It will be wise to identify a good area to invest. Choose a neighborhood that gives you the best amenities, security, and services. Some of the best neighborhoods to invest in are: Business Bay Palm Jumeirah Dubai Marina Arabian Ranches Dubai Hills What Is the Purpose of an Investment Visa? Investment Visa in Dubai enables you to purchase property. It can be termed as a partner visa and differs with each emirate. Knowledge about the visa requirements is deemed compulsory for investment. How Do I Track the Real Estate Market? Be updated with market trends through newsletters, seminars, and networking with industry professionals. You may also track necessary trends and data through online analytics tools. Are You Required To Verify the Credibility of Your Developer? Yes! It is important to research the developer. Check their past projects, performance, and testimonies from customers. A good developer can make a big difference in your investment’s success. Examine the Property Is This Property in Your Long-Term Plan? Consider the property within your long-term investment strategy. Most investors would like to grow their portfolios to make passive income. Define your objectives clearly and guide your purchasing decisions accordingly. What is the total worth of your property? Market conditions are ever-changing; this changes property values. You must be aware of the current value. Continued appraisals and market monitoring will help you to know your investment value. Are All Facts Verified? You must have all right information on pricing, location, and the condition of the property. Work with credible real estate agents and verify all information before making your decision. How Do You Know What Upgrades or Repairs Have Been Done Recently? Ask the seller or agent to give you a detailed history of the property. Talk to existing tenants and inspect any available inspection reports or renovation permits to get an idea of what’s recently been done. Are There Future Improvements Planned for the Locality? Ask whether any improvements or developments are planned or proposed for the locality. Development of infrastructures can greatly enhance the values of the property over time. How Do You Rate the Condition Overall of the Property? Schedule a visit to the

For decades now, Dubai has emerged as a popular destination for expats all over the globe. Besides that, with so many economic options in store, the emirate offers plenty of choices for recreation, family, and a quality life in general, with prospects of moving up the job ladder. Another thing that will go on your checklist before you head to Dubai is the location to stay. View all these points before you plan renting your first home in Dubai for the first time. Buying Your First Rental Property in Dubai Most common accommodation for any newcomer to Dubai is rent. The reason is that by renting you can move out whenever you feel your current home does not suit you. What’s more, when renting it reduces the cost of getting into a place of stay, which might become an issue if you’re strapped for cash. Okay so let’s get this off and explore this rental guide to Dubai. Setting up a Budget Prepare your budget ahead of time. Consider the overall amount you are going to spend for the rental property. Other than the rent, you have to pay for other fees. There are some silent expenses that you will meet once you will rent a house. Here are some of those silent expenses to be on the lookout for in Dubai. Security deposit normally goes between 5–10% per year of the rent. Agency charge would be around two percent of the annual rent. Monthly service charges for supplies of water and electricity. No-chiller apartments, starting with prices AED 500 to AED 2000 Dubai Municipality charges 5% annual rental, is added to the DEWA bills. Source a suitable real estate agent or an agency If you have never moved to Dubai, it would be great if you understood the rental market. It is for this reason that you are recommended to find a good estate agent or agency rather than finding rental apartments in Dubai on your own. You may find excellent agents well-experienced in the real estate industry in Dubai. Finding the perfect property The most important if you are renting a home for the first time in Dubai, it is to make sure that you choose one that can bring you and your family many comforts and cozinesses. Of course, you will have an agent guiding you to find the appropriate one that suits your requirements, whether you are just a family or an individual and also finds a way to fit the budget. Things you ought to try before renting a home in Dubai: View through web listings in Property Finder. Use Property Finder’s Data Guru to research neighborhoods. There is something for Everybody and some interesting variety in the number of neighborhoods that Dubai You can also research top rental neighborhoods in Dubai. Know the Tenancy Law Knowing your rights and responsibilities as a renter is the most important thing to know while renting in Dubai for the first time. Register your tenancy agreement with Ejari first. Before signing the tenancy contract, you must carefully study its terms and conditions. Some of the basic rights and responsibilities outlined in the RERA tenancy laws are listed below: Identify how the landlord and tenant share the responsibility for upkeep and repair. Minor upkeep, such as changing lights and maintaining cleanliness, is upon the tenant. Tenants may appeal to the Rental Dispute Committee (RDC) when disputes arise. Find out, too, how rental disputes in Dubai are settled, from litigating in court all the way to devising solutions. A landlord cannot evict a tenant without first providing 90 days of notice. Tenants should maintain the property and not damage it. Landlords can increase rent, but this only happens under certain conditions. Lease renewal and termination Knowing how to end a contract is one of the things you should know before renting in Dubai. On top of that, if the landlord and tenant are amiable with each other, renewal should be taken into consideration. Those renting in Dubai for the first time, the following should be of consideration Most places require providing a notice of at least 90 days before the date the lease is to lapse before ensuring the renewal of the lease. In possible circumstances, the rent reviews and terms of the new lease are always covered in written agreements so that there will not be so many arguments to go along with the next lease. At least ninety days before the expiration of the tenancy, tenants are expected to give the landlord a written notice which shows that they will no longer stay in the said property. Choosing the most appropriate house among the varieties that will be presented for you is one of the decisions you need to take when you first rent an apartment in Dubai. With the help of our tips, you will find a good and convenient experience renting a place in Dubai. Why Rent in Dubai Rather Than Purchasing? For foreigners and visitors in the city, renting a house has much more advantages over buying for foreigners and visitors in the city. Flexibility is one of the major benefits. Unlike buying a property that ties the buyer in for a long-term commitment, renting allows inhabitants to be moved quickly to different parts of Dubai as they try the city, change jobs, or adjust to a new lifestyle. This flexibility is very helpful because the various regions of Dubai have their offers and prices for rent. Since renting entails fewer upfront costs, it usually makes economic sense to those on a tight budget. In Dubai, owning a home usually entails a big down payment, mortgage costs, and upkeep charges. However, the renter only has to pay for the rent, security deposit, and agency costs, making short-term money management more straightforward. In addition, major maintenance and repairs usually fall under the landlord’s domain, saving the renter from unexpected expenses. Considering everything, renting presents a safe, relatively affordable alternative for an individual who requires a

One of the most visited destinations is Dubai, and is also a headquarters for many international companies. Over time, short-term rentals in Dubai have increased as the city tries to meet the boarding and lodging needs of these tourists. It may become challenging picking the best one as there are so many varieties to be picked from. Read our guide in choosing short term rental in Dubai to make the task easier. Why Do Visitors Select Dubai’s Short-Term Rentals? World-famous hotels exist in this emirate. On the other hand, budget hotels are not inferior. Yet, why do tourists still prefer short-term vacation rentals in Dubai? There are many reasons. For example, renting a short-term home in Dubai would be cheaper than staying in a hotel for a longer time. Privacy is also important. Because they have the apartment all to themselves and are not held by check-in and check-out times, many people opt for short-term rentals in Dubai. In case you rent a short-term holiday home in Dubai, you get to enjoy the kitchen, washing room, as well as the living areas. You end up saving some money because you cook your meals and do your laundry. Shorter contracts compared to long-term agreements can see that you can always change locations if you do not feel at ease at the particular property. Also, you cannot sign a long-term contract if you want to stay for several weeks or months. Types Of Short Term Rentals In Dubai When it comes to short-term rentals in Dubai, there is many choice. Vacation Homes Are you looking for a temporary location in which you may work or unwind? A full-fledged home that answers your requirements? In your case, vacation homes are the answer. There are several great alternatives in the emirate, whether you are traveling alone or with a company. Hotel Apartments This is the most sought-after short-term rental in Dubai. Housekeeping, laundry, and on-site dining are among the inclusions in these furnished hotel apartments. Enjoy the luxury of a hotel while you have the privacy of a house. Apartments Another very popular short-term apartment options is apartments in Dubai. The short-term apartments is affordable, and they commonly offer in different layouts which offer the most excellent facilities and services. Studio apartments should work great for a couple. Larger apartments from which you could rent a penthouse and many of its shared facilities include pools as well as gyms. Villas And Townhouses If you require more privacy, you can go for townhouses or villas, but they come with extra space as well as with private facilities such as pool and garden. Breakfast and bed (B&B) Dubai is no exception in the popularity across the international world when it comes to receiving a personal experience of what B&Bs have to offer. The owners are typically owners of such small businesses and most of the short-stay visitors to Dubai looking forward to saving on the costs, choose a B&B. Things To Take Into Account When Selecting A Dubai Short-Term Rental? There are a few things to consider when selecting short-term holiday rentals in Dubai. You must start by examining the property’s location. If you are traveling for work, consider the schedule and the locations you must visit frequently, then adjust your behavior accordingly. Short-term rentals in Downtown Dubai are preferred by tourists who typically stay in the center. Other well-liked locations include Bur Dubai and Palm Jumeirah. Do you consistently work out? Or do you regularly go swimming? Would you require a parking spot if you were renting a car in Dubai? Each of these amenities has a significant impact and must to be taken into account. It goes without saying that your budget will also affect your pool of options. Granted, with so many options, you can locate a decent spot in one of the less expensive parts of the emirate for affordable prices. Certain locations have a minimum length of stay. Therefore, confirm in advance with the booking staff. Before selecting a short-term rental in Dubai, make sure to read reviews of various locations and ask questions. Booking Making reservations in advance guarantees the greatest selection of properties and also saves you money. Planning beforehand provides you an edge because the nicest accommodations tend to fill up quickly, especially during major events or peak seasons. Many hotels, resorts, or property management companies offer early bird specials or seasonal discounts, which can drastically lower your trip expenses. Carefully read and comprehend the contract After selecting the place to stay, it’s important to carefully read the contract. Important details including cancellation policies, check-in and check-out hours, deposits, extra costs, and guest limitations are frequently included in the terms and conditions. If something is missed, your vacation may be affected by unforeseen fees or restrictions. Never be afraid to ask the property owner or the management agent for clarification if something is unclear or if a phrase seems ambiguous. Any questions should be answered in advance to avoid unpleasant shocks while there. Understand the Cancellation and Payment Policies Policies regarding cancellations and payment schedules may vary per reservation. While some homes accept flexible installment plans or partial payments, others demand the whole amount up front. Verify the cancellation policies because some establishments provide free cancellations until a specific date, while others might only offer partial refunds. If your vacation plans suddenly change, knowing these words will help you avoid charges. Finally Major convenience and flexibility, and generally better value than hotels, can be achieved by selecting a short-term rental in Dubai, especially on longer trips. Due to the abundance of accommodation options and diverse locations available for rent, visitors can select the perfect rental to suit their individual requirements. Do your homework, look over the terms, and make some plans ahead, and you are sure to have a lovely stay with all the perks of a hotel and the choice of a house. FAQs Which types of properties are available in Dubai for short-term rentals? Dubai

This diversified real estate market is what attracts many local as well as international investors owing to the lower rates coupled with relatively low interest. Not many would deny that non-residents have a ‘mortgage in Dubai for non-residents’ avenue for acquiring property within the metropolis without splurging their cash. Our guide below has all the details you will need to learn who is eligible for a non-resident house loans in Dubai and how they work. Is It Easy To Get A Mortgage In Dubai? Yes, definitely foreigners can avail a mortgage if they want to purchase an investment property in Dubai. Being a non-resident investor in Dubai would benefit one with numerous advantages and would have more favorable loan sizes and greater flexibility. It should be added that compared to UAE nationals and expats, non-resident foreign investors have fewer options concerning real estate loans. Also, before moving further ahead, it is critical to understand what types of mortgages exist for the purchase of Dubai real estate. Which Foreign Investors Can Obtain A Home Mortgage In Dubai? Qualify before applying for a non-resident mortgage in Dubai. Remember that these requirements are just suggestions, and they might differ at one of the UAE banks. For a non-resident house loan in Dubai, you may be required to be a citizen of a country on the list of the bank. A non-resident mortgage requires that you be either self-employed or salaried. Many banks in Dubai have age restrictions, as well, for those wanting to apply for a non-resident mortgage. For example, ADCB requires a non-resident applicant seeking a home loan to be more than 21 years of age. On top of this, you will also have to fulfill the minimum monthly income requirements that the bank puts forth for non-residents and UAE expats. Besides, post tax deduction, you will have to meet the minimum income criteria. For instance, in the case of ADCB, the expatriate residents can get their mortgages if they generate at least AED 15,000 per month post-tax. Furthermore, some of the banks have a list of approved developers and projects. In respect to non-resident mortgage lending in Dubai, inform them that your home is featured on this list. What is needed in terms of documents for mortgages for non-residents of the United Arab Emirates? For a non-resident, specific documents must be submitted when applying for mortgages. Note that you may need more depending on the property you are buying and circumstances of the sale. A number of paperwork may include the following for a non-resident applicant for home loans in Dubai: Passport as proof of identification – valid Bank statements – as evidence of funds; for the last three to six months When applying for a property loan in Dubai for non-residents, you will be asked to provide more documents such as: Tax returns, if any Payslips or salary certificates (if you are an employee with a salary) Trade license and financial statements that have been audited (if you work for yourself) Any loans you are currently holding Dubai Home Loans For Non-Residents Features The following are the features of home loans that are available to non-residents of Dubai: Maximum Loan Amount: This amount will vary with the bank and the financial situation. For instance, ADCB finances up to AED 15 million, while Mashreq finances up to AED 10 million. LTV ratios: According to the UAE Mortgage Law, a down payment of at least 20% of the purchase price is required if a property is worth up to AED 5 million from non-UAE nationals. Interest rates: Some banks in the United Arab Emirates provide a choice of interest rates. For more, read flat vs. lower interest rates. You will be charged a little more than foreign nationals living in Dubai pay for interest, though. Loan term: Based on the profiles, banks can extend a short loan term for non-resident investors even though a maximum for permanent expats is 25 years. Which are the UAE banks providing home loans for non-residents? The following banks offer house loans to non-residents of the UAE: Dubai Islamic Bank HSBC Abu Dhabi Islamic Bank First Abu Dhabi Bank Emirates Islamic Bank Ajman Bank Standard Chartered Abu Dhabi Commercial Bank Please note that to avail a mortgage in Dubai for a non-resident, such applicants will have to meet eligibility criteria for such banks. With little research and due diligence on your part, you’ll be able to find the best available mortgage loan in Dubai for you. Finally With the mortgage options for foreign investors by Dubai, it is always possible to acquire property in one of the world’s most active real estate markets. Foreign investors can easily make use of favourable loan amounts, a wide-ranging real estate possibility, and easily accessible financing through top UAE banks despite a certain degree of eligibility rules and restrictions pertaining to UAE residents. Knowing the loan process, documentation required, and conditions by the banks shall enable the investor to make good decisions on his or her potential in Dubai’s real estate. FAQs Do expat individuals in Dubai qualify for a mortgage? Yes, both foreign investors and expat residents can get financing from a mortgage but with lower LTV percentages compared to that of a UAE citizen. Is it easy to purchase a mortgage in Dubai? Applying for a mortgage loan in Dubai is not hard, if you qualify the criteria set by the lender. For the surprise of budget, I strongly advise you to get mortgage pre-approval before looking for a home. Do I have a mortgage loan already? Can I exit the UAE? Yes, with outstanding mortgage liability you are allowed to leave the United Arab Emirates. As soon as you notify your bank, they would most probably convert your mortgage’s terms and its interest rate into a non-resident mortgage. Sometimes the bank would ask for the full settlement of the mortgage before you leave the United Arab Emirates. In such a scenario, you may be able to sell

Litigation between landlords and tenants is something that people almost always face due to differences in their respective interests and expectations. In Abu Dhabi, this mechanism plays a significant role in the form of the Rent Dispute Settlement Committee. Using this guide, you’ll understand how to file a complaint to the RDSC so you’re on the same page with both your landlord and tenant regarding rights and responsibilities. What is the Rent Dispute Settlement Committee? RDSC is established in case of any disputes which will arise between property owners and renters in Abu Dhabi. The issues may include disarray within the maintenance of the property to dispute regarding the rise in rent, or even in the use of the property. The rule of law within Abu Dhabi creates an auspicious framework for the protection of parties involved. Why RDSC? While a truism always is that try to settle disputes amicably first, not every dispute can settle the matter through direct negotiations. If so, the RDSC acts as a third party neutral who helps mediate and adjudicate the conflict. In doing so, they save much time and cost while at the same time promoting better relationships between landlords and tenants. Common causes of dispute Knowing the common grounds for fighting will assist both parties not to trigger those potential fights. The following are common issues that could trigger a fight: Property Maintenance: Misconceptions over who should carry out repairs and maintenance Rent Increases: Tenants may fight over unexpected or excessive rent increases Lease Terms: Misconceptions over the terms of the lease agreement Documents to Be Presented When Filing a Complaint Documentation: It’s always a planning matter to know when precisely to complain with the RDSC, more so in issues to do with documentation. The checklist includes; Identification- Passport and Emirates ID or commercial license of the tenancy and the landlord. Tawtheeq: Off the books registration for a rental contract in Abu Dhabi. Lease Agreement: The agreement to be produced is one that meets the present agreement. Title Deed: Proof showing it is titled to the client. Supporting Documents: All other documents supporting your complaint-Photocopies of letters or emails Submit a Complaint to the RDSC   Step 1: Visit the RDSC Office. You are supposed to visit the RDSC office to begin submitting your complaint. You will find this office at: Al Rawdah, 16, Al Nawfal Street, Abu Dhabi Ensure that you go there with all the copies of your documents for easing up the filing process, Step 2: You Pay the Filing Charge Payment of Filing Fee You are required to pay the application fee in respect of arriving at the RDSC, an approximate calculation of 4% of the annual rent but capped to AED 10,000. Obtain a payment receipt to accompany your submission of the application. Step 3: Present Your Case After you file your complaint with a filing fee, you will then be given a chance to make a full case. Anticipate evidence and questioning by the committee. This is one of the basic stages because clarity can go a long way in determining what happens in such a case. Mediation Session After presenting the case, the RDSC shall conduct mediation sessions. It is not uncommon during a mediation session that parties agree on one decision. The committee will deliberate some compromise alternatives in the time of mediation; however, they can even present options to the dispute resolution.   Duration of Hearings Hearings can last for different numbers of days depending on cases. Some are resolved on the same day while some take more than one sitting. On such a decision, the parties must uphold the judgment. If they are not content, they can appeal judgment in court. Conclusion The Abu Dhabi Rent Dispute Settlement Committee plays an important role in promoting the settlement of dispute between the landlord and the tenant. An organized process for settling disputes allows both parties to realistically present their respective arguments toward a more amicable rental market.   In a rental dispute, all the documents must be ready and what is guaranteed for you, so approach the RDSC for resolution. This would easily tend to resolve conflict amicably between parties and also help in making the real estate sphere in Abu Dhabi much more stable and transparent.   In this regard, with services offered by RDSC, the rights of the tenants as well as that of the landlord are protected through a reliable mechanism to redress grievances. Be it you being hassled by your landlord or a landlord who is being hassled by his tenant, RDSC stands by your side to ease the complexities of a rental dispute in Abu Dhabi. More support and resources There are many online resources and local legal aid organizations to help those who need additional help or information. Being well-informed about your rights as a tenant or landlord will prevent disputes from occurring in the first place. A mutual understanding of the law and regulations can work well for both parties involved. If one wants to seek legal advice, then one must go to a legal expert who specializes in real estate and rental laws in Abu Dhabi to understand their needs appropriately. This would lead you through the complaint process to understand what an agreement means or a dispute could look like. In essence, the RDSC is a resolution platform and plays an important role in maintaining the integrity and trust in the rental market in Abu Dhabi. This committee is an enabler of a healthier, more transparent real estate sector by being sure that these avenues exist for both landlords and tenants. FAQs What is the contact number for rental disputes in Abu Dhabi? You may contact the Rental Dispute Centre on +971-2-651-2222 or 600-599-799 if you have a query. Where can I file my complaint against my landlord in Abu Dhabi? All complaints against landlords are to be sent to the RDSC as above How do I file my complaint in relation to a

The real estate boom in Dubai has opened the floodgates of excellent investment possibilities for its buyers and sellers alike, but the legal systems need to safeguard their respective interests. A sales purchase agreement, or SPA, forms an essential part of any property transaction in Dubai. This is the heart of the selling process, spelling out clearly what is responsible for what, by when, and the agreements that are reached by either party. The article will then explain what a SPA is, what its elements entail, the role of DLD, and how one can utilize the SPA process. What is SPA? An SPA is a legally binding document that stipulates the terms and conditions of the sale of a property. It outlines the roadmap to the whole transaction, including what one expects, purchase prices, responsibilities, and a closing date. Both parties are protected by the SPA as it outlines obligations and ensures compliance with Dubai’s property laws. In the fast-moving real estate market of Dubai, an easy transaction cannot be carried out without a well-drafted SPA. Key Elements of the SPA in Dubai Knowing the key components of an SPA can help avoid disputes and ensure both parties know what their respective obligations are. Here is a breakdown of the key elements that can be found in an SPA in Dubai: Parties Involved: SPA will carry all vital information on both parties-including name, address and contact numbers. In the corporate parties detailed company information may add. Property Details: The SPA will have the entire description of the property, including the plot number, location, size, and any other feature that makes it stand out. Off-plan properties, the developer’s name, and the project details will be there so that it becomes clear as to what is the property going to look like. Purchase Price: Details on the acquisition price and how the parties would make the payment would also be included in the SPA. It is fundamental to ensure that there is a very clear and straightforward structure regarding payments. Conditions: The SPA would further point out all the conditions precedent-the details that need to precede the closing of the sale. Some examples of the conditions would include financing or obtaining any required permits; or completing any due diligence on the part of both parties. Responsibilities of the Buyer and Seller: There would be a commitment on the part of parties that are involved in an SPA in Dubai based on the property condition, payment schedule, fulfillment of the contract and any transfer requirements without any encumbrances. Completion and Handover: This refers to the completion and hand over date for the property. This portion includes a penalty in the event of a delay with the transfer. Support Services and Amenities: Any agreed services or facilities that shall form part of the SPA are to be listed as well as particularly for off-plan projects, so the public is in the know and aware of what exactly they will receive from this piece of property. Cancellation Terms: SPA should provide some form of cancellation policy, especially when dealing with off-plan properties because sometimes unexpected reasons arise as to which of the two parties will end up calling off the deal, agreed upon between themselves. The DLD Contribution in Transactions by SPA DLD is in charge of controlling property transactions in Dubai. It implements the whole law of real estate and registers all the transactions concerning properties through SPAs, thus giving the buyer and seller legal status. How to Register an SPA in Dubai: The SPAs need to be registered in order for the sales formalization to take effect. Here’s a general overview of the process by which this takes place and occurs at breakneck pace: Connect through Oqood Portal: One can only access the DLD Oqood portal whereby he or she selects a provisional sales registration. Upload necessary documents: It has photocopies of SPA, Emirates ID/Passport, and many more that follow some different cases like a power of attorney in some organizations or a no objection in others. Pay Registration Fee: Payment of registration fees-both purchaser as well as vendor is being charged with a charge that is 2% that follows the actual amount paid by the buyer in procuring the property and to that, the developer incurs 1000 dirhams along with an amount of nominal knowledge charges and innovation. Filing: Once the charges are paid and papers are submitted, an electronic certificate of provisional registration is issued to the buyer Preparation and Signing of SPA in Dubai A well-prepared SPA is essentially the backbone of legal protection and compliance. In developing and finalizing the SPA, the following are observed: Initial Discussions: The preliminary negotiations between the buyer and the seller will involve conditions precedent to the transaction, terms of payment, and the price. Here, a real estate attorney is brought in to clarify the terms and align it with Dubai’s property law. Drafting the SPA: After agreement on preliminary terms, a lawyer specializing in Dubai real estate transactions will then draw a draft SPA. Review and Approval: Both parties check the draft so that all ambiguous parts are eliminated or it is amended according to one’s preference. Final Review with Mutual Consent would ensure SPA is finalized ready for signature between the two parties involved. Signing of SPA Upon agreeing to the contract terms, the parties signing SPA. Payment and Handover Down payment after the signing of SPA on terms agreed for payment to the seller. Full transfer takes place after full payment accompanied by registration to the DLD. Guidelines on SPA Deals for Buyers and Sellers Both the buyer and seller need to be informed and prepared for effective exploitation of the SPA. This is what a seller and buyer should know: For Buyers Research: First, one has to research the property and check out the credibility of the seller to avoid any potential risk. Legal Review: This should be done with the help of a seasoned real estate attorney who

Dubai is a city dreamt of by many – glinting skyscrapers, luxurious lifestyle, and pulsating opportunities for its citizens. One attraction which is quite eye-catchy is freehold property ownership. In a freehold area, foreigner can buy land as well as buildings anywhere within the emirate of Dubai. No wonder the Emirate of Dubai has now emerged to be one of the hottest property markets in the world today for property investors with full ownership rights to hold a property. In this guide, we outline all those key points related to freehold ownership in Dubai, the best areas in which to invest, the process for buying, and benefits owning a freehold property. What is a Freehold Property? With freehold property ownership, you have legal rights over everything that goes with the land and any house you might develop there. It simply means you may live in the property, let it out to someone, sell it, or even give it to your loved ones. You don’t have any restrictions here. A leasehold grants the right to occupy the land for a number of years, usually 99. A freehold, however, grants full control over it for life. A few zones in Dubai have freehold and permit overseas investors to buy an investment property or a home. Advantages of the Freehold Property in Dubai Ownership: You will realize that while in the case of a leasehold, the lands and buildings are only owned partially, in a freehold, you are allowed to sell, rent it, or pass it on to heirs. Resident Visas: The one who owns the property has eligibility to get residency visas. Therefore, his or her stay is much safer and permanent. Capital Gains and Property Tax Benefits: The return is fully maximized because there are no taxes for capital gains or any kind of property tax in Dubai. Good investment: This is due to the reason that real estate business in Dubai increases day by day, so do its prices, and its yield to rent is quite very high. Legacy Creation: Freehold properties become part of your estate that you can bequeath as a legacy. Best Freehold Areas and Properties in Dubai Now let’s discuss some of the best freehold areas and what they have to offer by way of lifestyle, type of property, and investment. Al Barari Al Barari can be termed the “garden in the desert.” Al Barari is an oasis in the heart of a city with 80 percent of its area earmarked for lakes, streams, and gardens. This community is the favorite choice for nature lovers since it includes luxurious villas, duplexes, and apartments selling at prices of AED 1,000,000, which is equal to USD 272,000. Al Furjan Al Furjan is close to Ibn Battuta Mall and Discovery Gardens. It is a community-based development with beautifully designed apartments and villas. It strikes a balance between affordability and lifestyle amenities. 1-bedroom apartments are AED 400,000, and 3-bedroom villas are AED 1,600,000. Al Warsan Al Warsan is a developing freehold area that borders International City. It offers 1-2 bedroom apartments ideal for professionals and couples. The prices are budget-friendly and start at AED 360,000. Business Bay It is one of the fastest-growing commercial and residential areas near downtown Dubai with fantastic skyscrapers and waterfront views. This place hosts more than 240 structures and a tremendous number of retail and restaurant facilities, which are prepared for further growth. Downtown Dubai Downtown Dubai is perhaps iconic with Burj Khalifa and the Dubai Mall and is perhaps the most aspirational freehold place to own in the emirates. Best suited for luxury users who need to hold onto an iconic address within Dubai’s vibrant neighborhood, this place never fails. Jumeirah Beach Residence (JBR) It is fully packed with retail shops and cafes plus luxury apartments offering rich lifestyle on the beachfront. Enjoyed by quite a lot of people having a quest for resort-like feel and lifestyle in beautiful, waterfront community. Jumeirah Lake Towers (JLT) These will be mainly targeting lake views and a dining place from with proximity to Marina and Downtown Dubai. Houses and apartments in JLT remain the wish for both residents and investors. DAMAC Hills DAMAC Hills is a freehold demanding much space both as residence and for commerce in which its modern setting accommodates families and investors, the area being freeholds and highly in demand due to its luxuriousness in which it accommodates some few people. Palm Jumeirah This iconic man-made island is home to freehold properties with world-class beach life. High-rise apartments and villas make it a prime destination among international investors. Dubai Sports City Ideal hub for lovers of sports on 4.6 million square feet with a composition of living, retail and sports environment attracting young professionals and families. Meydan City Meydan City is situated at Nad Al Sheba, one of the wealthiest developments on earth in terms of property that is on the market. There, residential homes with commercial and fun places are located. One can afford an expensive place that suits high-class property tastes. Dubai Silicon Oasis Among other tremendous planned communities around Dubai Silicon Oasis stands out due to villas with apartments or even just rooms. Secondly, most commercial facilities fall here with high tech. Bluewaters Island This is a luxurious ocean-view high-end apartments with penthouses and townhouse that makes it one of the most exclusive freehold regions in Dubai. Dubai Festival City – Marsa Marsa is a waterfront community, part of Dubai Festival City. It’s luxury townhouses, villas, and apartments, with retail and dining options to fit families. How to Buy Freehold Property in Dubai (2024) It is quite easy to purchase freehold property in Dubai. Here’s the step-by-step guide on securing your investment: Research and Select a Location: Dubai has diversified freehold areas suitable for various lifestyles and budgets. Research different communities and choose one that suits your needs. Find an agent: This process may get less complicated and allows a smooth navigation through Dubai real estate markets. The agents are

The real estate market of Dubai is booming and hence opens up a myriad of options for buyers across all the sections of society, ranging from residents to expatriates and even international investors. In most cases, however, it is not possible to pay for the full price of the property because its prices are quite high and investment is necessary to buy one. In such a scenario, mortgages prove to be an essential tool in helping people fulfill their dreams of owning property in Dubai. A mortgage secures funds to pay between the amount of purchase or available funds of the buyer. In Dubai, huge options for mortgages are operational on demand, and according to the varying needs and financial standings for the buyers. Below is the entire information regarding the mortgages of Dubai based on types through which you will understand through which option you’ll get the best one whether with or without residency and purposes of properties. Types of Mortgages in Dubai The mortgage types, therefore, range from short-term to long-term and serve different purposes as applied to meet the various needs of various buyers and their residency. The knowledge of the mortgages types is key in supporting buyers in making appropriate choices since they are influenced by either their monetary capacity or their respective properties. Below are a few common mortgage options provided: Mortgages According to Interest Type The interest rate placed on a mortgage is sure to affect payment and therefore cost. Therefore, when choosing a mortgage, getting the right interest rate sets the ball rolling; it’s among the paramount considerations. Fixed Rate Mortgage: The most popularly availed mortgage in Dubai by property buyers is the fixed rate. The principal reason for availing this mortgage is due to the predictable monthly repayment that makes budgeting a much easier affair. It usually applies for a short tenure ranging from one to five years. For this particular tenure, the interest is usually fixed and is not affected by the variations in EIBOR and other market-related factors. Advantages: Fixed-rate mortgage offers stability, which is quite ideal for someone looking for consistency in his or her payments. Shorter fixed periods usually correspond to a much cheaper rate. This allows one to a save cost, especially those planning on committing for a short term. Variable Rate Mortgage: They are very different from fixed-rate mortgage options, as the variable rate is changed periodically according to the prevalent EIBOR. This means that the monthly payment will change according to the market, making it a good option for those who can tolerate some degree of risk for the sake of having lower payments during more favorable periods. How It Work: Banks are generally providing with floating rates of interest that tie-up to a fixed time period of EIBOR and provide a fixed add-on with the bank. Here, the monthly instalment goes up in case of upward movement in EIBOR and vice versa. Short-Term Fixed Loans Short-term fixed loaned mortgages are highly appreciated when the rate of the market happens low. Provided mostly in low rates of interests, normally of one to three years will enable saving the interest part. Example: In Dubai, at the moment, a short-term fixed rate is offered for three-year loans at almost 3.89%. Of course, this particular option will be better advisable to those buyers that may have their finances stabilized over the short term. Fixed Mortgages with Lengthy Repayment Terms: A fixed long term rate usually set at five years fixes in a marginally higher rate compared to the short term option but that comes with stability for the long run. Five year fixed rate at present from the banks of Dubai stand around 3.99%, appropriate for holding up a house for the longer period of time. Residency-based mortgages Major factors determining eligibility and down payment for a mortgage in Dubai are residency status. The terms for UAE nationals, residents, and non-residents are different. Terms for UAE Nationals The easiest mortgage terms are accessible to UAE nationals. Only 15% of the down payment amount has to be paid by the first property bought by UAE nationals. Further, the government also offers subsidized mortgages to its UAE nationals. Thus, it is quite easy to get a home loan favorably. UAE Residents: Expatriates It further offers UAE nationals with a mortgage scheme that allows expats to pay down payments from at least 20% house value, while LTV refers to the percentage on the actual value of property for which a bank grants the loans. Employment Benefits: In some countries, expatriates can make mortgage payments through simple salary deductions and hence earn lower rates. Not a Resident: Even though a non-resident can buy a property in Dubai, his/her mortgage options are highly limited usually confined to specific areas or types of properties and available at a lower LTV ratio of about 60% this translates to a higher cash down payment. This has primarily been because the bank views the risk of advancing to buyers who have no properties in the locality as a bit higher. Mortgages by Property Purpose The mortgage conditions, period, and rates also rely on the purpose of the property and cause for its purchase. The regulations of Dubai Mortgage consider residential, commercial, investment, and land types of properties. It is a specialized mortgage product that is devised for the purchase of someone’s home. Most types of residential mortgages will provide one of the most favorable terms and are usually structured to facilitate 25 years of more of payback term. That would be perfect for those who want to be their very first homeowner with purchasing his or her first residence. Commercial Mortgage It is ideal for those people who want to buy or invest in income-generating properties, which may include office spaces, hotels, or industrial buildings. The term period of the repayment is relatively short, taking not more than 15 years to pay back, and is complex in nature due to the type of property involved. Investment

Dubai is often associated with a luxurious way of life and a hospitable climate, with multiple avenues for business and learning. Among its active neighborhoods is Dubai Studio City: this hotspot serves as a home for media professionals and creatives. This thriving area is not only a center for state-of-the-art production facilities but also dotted with many media studios and unique residential options. As with any region, this also comes with its own sets of advantages and disadvantages. Now, let’s have some inside scoop on the pros and cons of living in Dubai Studio City and what real life is there. Pros about Living in Dubai Studio City World-Class Production Studios The state of the art in media production is Dubai Studio City, which has great production spaces and facilities which attract people from all over the world. Some film production includes notable productions like Mission Impossible: Ghost Protocol and Star Trek Beyond. This neighborhood is the perfect ecosystem for students, job-seekers, and media enthusiasts to gain experience or further their careers within the industry. Media-Centric Community Dubai Studio City is not a neighborhood but a creative, media-focused community working towards innovation and creativity. This unique setting allows creators to network and collaborate freely in media production while pushing against the boundaries. Whether as a filmmaker, sound engineer, or artist, opportunities abound in Dubai Studio City for networking and industry-related events to advance one’s profession. Its focus on the media makes it one of the most sought-after venues in Dubai for new creators. Business Tax-Free Zone These attract businesses, particularly those related to free zones, in Dubai Studio City. Free zones are exempt from corporate, income, or value-added taxes. The tax-free environment is ideal for launching business and established media and production houses with low operational cost. Besides tax benefits, it provides commercial spaces, recording studios, and retail offices for those who love living close to their workplaces. Different Residential Apartments Even though Dubai Studio City is more up for commercial purposes, varied residential options exist. Here, one can find anything from studios to spacious one, two, and three bedroom apartments. Some of them even allow pets which adds another pleasing factor for pet owners looking for a comfortable home environment. Over 270 businesses and more than 2,500 employees in the entertainment industry find Dubai Studio City a pleasant place to live, providing excellent work-life balance and convenience. Safety And Comfort For Residents Dubai Studio City is very safe and very comfortable. The neighborhood always remains safe and welcoming to even women and young professionals. This is one huge reason why people look forward to a safe and secure community. Hotels Accessibility In need of a break from Dubai’s hustle and bustle? Dubai Studio City has some snug, convenient hotels nearby. The best options in the area are the Studio One Hotel, located only four minutes away, and the Park Inn by Radisson Dubai Motor City, just six minutes down the road. These offer a quiet retreat amidst friendly staff and atmospheres of relaxation – just what the doctor may have prescribed for a change of scenery or a place to relax the fray while hosting family and friends visiting in Dubai. Access To Grocery Stores Dubai Studio City is also well served with grocery stores for the community’s everyday consumption. There are stores, like Blue Mark Supermarket, Hello Mart, and All Day Minimart, which are just within a few minutes of reach. The retail stores sell a variety of products and offer very competitive prices for groceries, hence making grocery shopping hassle free. Drawbacks of Dubai Studio City Some downsides of Dubai Studio City also include a few that the prospective residents should know about. Here are some of them. Costly Living The lively life and amenities in Dubai Studio City come at a price. Here, living is usually much costlier than in other neighborhoods of Dubai, especially rent. Here is a general overview: A studio apartment would rent at about AED 45,000 per year on average. The cost to buy one would be roughly AED 558,000. For one-bedroom apartments, one can rent one at about AED 67,000 on average. In terms of purchase price, an average price is around AED 912,000. The two-bedroom apartments will have a rent averaging about AED 85,000 yearly. For purchase prices, one will have an average ranging around AED 939,360. Traffic Congestion Although the layout and structure of Dubai Studio City have been designed to be really convenient, traffic congestion can arise, especially during peak rush hours. The metro for residents is not a straight shot, so the alternatives are buses or taxis that turn out to be crammed during peak hours. One should leave a little early when it’s work days and school days to avoid all the frustration of rush hour traffic. Final Thoughts Dubai Studio City is a vibrant, media-based community. It is ideal for young professionals and students who want to work and play in balance. In addition to its advantageous tax-free status, the high-quality residential opportunities, and the best in the world’s production facilities, this makes Dubai one of the most attractive environments to live in. However, the living costs here are high, and traffic congestion is very hectic with narrow transportation options. For the creative, media-focused community lovers and those who require a safe and welcoming environment, Dubai Studio City could be the perfect home. The lively neighborhood supports career ambitions in media and production while providing a unique platform for networking and innovation. Dubai Studio City is one of the top choices for media enthusiasts and professionals looking to make their mark in Dubai due to its active community and convenient location. FAQs How can I reach Dubai Studio City? Dubai Studio City is accessible through Dubai public transport. One can also access it via buses and taxis. F30 RTA bus route passes there. It provides an efficient, easy, and quick way to travel. Other individuals can easily reach the same destination through taxis by

Abu Dhabi real estate continues to be impressive with a long list of off-plan developments that promise to redefine luxury and urban living. These include waterfront locales to sophisticated urban complexes, complete with the latest facilities, sustainable designs, and unmatched quality of life. This blog gives information related to the details of some of the under-construction off-plan projects in the city, including details such as starting prices and developers. Diva Yas Island Diva Yas Island probably is the most famous project with Reportage Real Estate development, through which it grants residents to live the perfect waterfront lifestyle at Yas Island. This residential complex presents studio, one, two, and three-bedroom apartments, elegantly but cozy designed. Its location also borders Abu Dhabi International Airport, Yas Mall, Schools, Parks, and some of the entertainment venues such as Etihad Arena. Locality: Yas Island, Abu Dhabi, UAE Facilities: Swimming pools, gym, BBQ areas, kids’ playground, pet area, and landscaped gardens. Unit Types: Studio to three-bedroom apartments. Floor Plans: From 260 sqft to 880 sqft Starting Prices: Starting from AED 414,000 Completion Date: 2025 Sept Payment Plan: 25% down payment, 75% on handover. Developer: Reportage Real Estate. Ville 11 Burtville, Luxury. Young but family-friendly luxury stay, modernly designed two-to-four-bedroom apartments, and strategically positioned alongside the GEMS School and many attractions. One of Abu Dhabi’s fastest-growing areas, live amongst the city’s major attractions in an exclusive community. Location: Masdar City, Abu Dhabi, UAE Facilities: Gymnasium, community pool, BBQ area, and playground for children. Type of Units: apartments and townhouses of Bedrooms: 2 to 4 Floor Area: 982 to 1,812 sqft. Price From: AED 1,400,000 Completion: September 2027 Payment Terms: 10% down payment, balance will be paid during construction Developer: Burtville Perla Heights Based on this architectural design, here’s yet another gem from Yas Island. Perla Heights would come with extraordinary panoramic views over the sea. A 326-unit development, covering all studio and one-bedroom through three-bedroom apartments-finished to quality in maximizing finishes for natural lighting-from there, it is bound towards some great and thrill-full attractions like Yas Beach and Yas Waterworld, et al. Location: Yas West, Yas Island, Abu Dhabi, UAE Facilities: Big pools, BBQ area, kids’ pool, covered parking, and Zen garden. Types: Studios to four-bedroom apartments Sizes: From 349 to 1,515 sqft Off-Plan Prices: Starting AED 1,034,980 Date of Completion: December 2027 Developer: Reportage Real Estate Residence 25 Its apartments will take your breath away over the Arabian Gulf as Burtville now presents Residence 25, with a broad choice of one to five-bedroom suites. All of the apartments come with a maid’s room, and seven free years of entry to Yas Beach. Strategically located near arterial roads and the airport, Residence 25 in Yas Island, Abu Dhabi, UAE provides great convenience in lavish living. Facilities: Pool, gym, outdoor landscaped gardens, kids play area, and BBQ Type of Units: One to five-bedroom apartments and duplexes Size: From 700 to 2,500 sqft. Price: Starting AED 1,270,000 Completion: July 2028 Payment Terms: 15 percent down payment, 85 percent during construction Developer: Burtville Nobu Residences Saadiyat Grove First and foremost, it is a harmonious fusing of Japanese and Arabic styles, as one can tell by Nobu Residences by Aldar Properties. The Abu Dhabi’s finest cultural institutions in the list of premium beachfront community by Nobu include the Guggenheim and Zayed National Museums. Beach access exclusive facilities along with cinema and yoga room have made this place suitable for nurturing indulgence and relaxation. Location: Mamsha Beach, Saadiyat Island, Abu Dhabi, UAE Amenities include shared pool, Jacuzzi, beach access, gymnasium, cinema, and yoga room. Unit Types: Studio to three-bedroom apartments with maid rooms. Floor Plans: From 322 to 2,216 sqft. Starting Prices: From AED 750,000. Completion Date: December 2027. Payment Plan: 65% during construction, 35% on handover. Developer: Aldar Properties PJSC The Art House Exquisitely styled within the heart of Saadiyat Grove-the gateway to key cultural landmarks-the Art House truly explodes in art and culture. The creative enterprise embraced creativity in all its ramification-from art studios to coworking spaces, taking it down to a private rooftop lounge offering panoramic city views. Supper club and cinema offer the chance for residents to live an urbane lifestyle under one roof. Location: Saadiyat Island, Abu Dhabi, UAE Facilities: Art studio, Health club, Rooftop deck, Sky garden, Arthouse cinema Unit Types: One to five bedroom apartments and sky villas Unit area size from 1,022 to 2,755 sqft. It will start from AED 3,300,000. Completion date: May 2028 10 percent down payment and 55% during its construction and 35% on handover. It is developed by Aldar Properties PJSC. The Source Terraces A vision of holistic living, The Source Terraces by Aldar offers peaceful spaces in the lively Saadiyat Grove district. The project is designed based on the well-being of residents through the availability of terraces and the wellness club and nicely structured communal spaces. Location: Saadiyat Island, Abu Dhabi, UAE Health club, wellness studio, spa, secret garden, and rooftop deck. Unit types available: One- to four-bedroom apartments. Starting Price: From AED 3,000,000 Expected Completion Date: August 2027. Payment Scheme: 10% at the time of booking, rest is 90% that can be paid while it is under construction Developer: Aldar Properties PJSC Abu Dhabi Future For Real Estate These developments, that are to fill the ambitions, continue attracting residents and investors from all over the world, bringing new standards in luxury, innovation, and sustainability. Abu Dhabi has off-plan projects that suit every lifestyle, ranging from waterfront views to lush gardens and wellness-focused spaces. FAQ’s What are the advantages of purchasing an off-plan property in Abu Dhabi? Off plan properties have relatively lower prices so it can invest in premium property with easier payments. Provides latest designs and luxury along with green issues as well of the project. Can the off-plan property be personalized? Am I allowed to personalize? Some developers permit personalization, which is that a buyer wishes change in finishes and layouts Establish from the developer whether such personalization can be made. What is the down