FAQ
Why Invest in Dubai?
 Future Demand: Population is destined to rise from 1m to 3m whilst tourism will also triple from 6m to 15m, by 2015
Future Supply: All master –planning is Government controlled to carefully manage the demand – supply ratio thus maintain strong growth & returns
Capital Gains Tax: 0%
Rental Income Tax: 0%
Legal & Notary Fees: None required, although legal advice is recommended
Transfer Fee: The buyer and seller pays 1% each the sale price as Transfer fee. This is payable to Dubai Land department. A small fee is charged by the developer is acceptable subject to RERA approval only.
Buying Process: Simple. No company formation is nor National registration required.
Payment structure: Following an initial reservation deposit, a deferred payment structure is usually provided by the approval of RERA and payments spread base on stage of construction.
Finance: This is available to both UAE & non UAE residents on certain projects, with competitive interest rates from 6-9%, and usually with 15yrs terms and reasonable conditions
Capital Appreciation: Recent years have risen between 15-25% annually
Rental returns: Recent years have returned between 6-10% annually
Purchase Procedure & Legal Costs
Purchasing off-plan in Dubai is a relatively simple process which does not require use of a lawyer, however of course property frontiers does not recommend you do always take legal advice with any financial investment. All property investment available to foreigners in Dubai is within special zones master-planned by governmental organizations, and as a result the contract structures must be passed before the government before they can ask customers to sign. There is no capital gains tax or income tax within Dubai itself.
For more advice on purchasing property in Dubai, please contact us
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