Dubai Real Estate - Buy real estate in Dubai
New build properties
Buying real estate in Dubai: your way to your dream property
Dubai, the glittering metropolis of the United Arab Emirates, is known for its breathtaking and futuristic skylines. The real estate market in Dubai is extremely dynamic and offers a variety of investment opportunities, especially in the luxury real estate sector. Canaletto Sky is your partner if you are looking to buy real estate in Dubai, offering comprehensive advice and support throughout the buying process.
Luxury properties in Dubai's vibrant center
Dubai offers a wide range of luxury real estate, from furnished apartments to magnificent villas. These properties are not only luxurious and aesthetically pleasing, but also an excellent investment opportunity. The rapidly growing city attracts nationals from all over the world who are attracted by the high quality of life and the numerous opportunities in Dubai.
Dubai real estate: real estate offers and investment opportunities
Buying real estate in Dubai is an attractive option for investors looking for a solid rental yield and value appreciation. Your real estate agent Canaletto Sky offers a variety of property deals tailored to the individual needs and desires of clients. Whether as an investment or for owner-occupation, any property in Dubai is worth considering.
The buying process: Buying property in Dubai, what to consider?
If you want to buy real estate in Dubai, you should consider the basic aspects.
Firstly, the location of your new property plays a major role. For luxury houses or apartments in Dubai, you should focus on attractive areas, whereby specialized property listings, but also your local real estate agent can be helpful.
The condition of the property is also of central importance when buying real estate in Dubai. The construction quality of developers such as Emaar and Damac is very good. “Off plan” apartments – i.e. apartments that are purchased during construction – are often cheaper and therefore attractive to investors. Due to construction delays, however, these apartments may be ready for occupancy later and may therefore not always be suitable for owner-occupation. You generally pay a higher price for completed properties, but in return you get an immediately habitable apartment. Investments in up-and-coming areas could see an increase in value in the coming years, such as Dubai Creek Harbour. While older properties tend to yield lower profits, they still represent a solid investment in terms of rental income. In established areas such as Downtown, Business Bay or Marina, the investment is particularly secure, provided the building fabric is intact.
When buying real estate in Dubai, the additional costs should also be taken into account. There are various fees to consider when buying real estate in Dubai, including NOC fees, registration fees and brokerage commissions. Other costs may also apply, e.g. for communal facilities.
As the whole process can be overwhelming, Canaletto Sky is by your side to advise you professionally and confidently on buying your property in Dubai.
Legal advice and support when buying real estate in Dubai
In addition to real estate brokerage, Canaletto Sky also offers professional legal advice. This is particularly beneficial for clients from the DACH region who need to navigate Dubai’s complex legal landscape. We explain the legal aspects of buying real estate in Dubai and support you in drafting and reviewing contracts.
Buying real estate in Dubai with Canaletto Sky
With extensive expertise, many years of experience and a broad network, Canaletto Sky makes it easy for you to buy your dream property in the futuristic metropolis of Dubai. Once you have dealt with the most important aspects, buying real estate in Dubai is a stable investment.
FAQ: Buying real estate in Dubai
Can Germans buy real estate in Dubai?
Yes, as a German you can buy apartments and houses in Dubai. The United Arab Emirates have liberalized real estate laws to allow foreigners to buy property in so-called “freehold areas”. Find out more about buying property in Dubai and benefit from the opportunities on the real estate market.
How long does it take to buy a property in Dubai?
The simple property purchase takes between 3 days and 3 weeks.
What costs will I incur when buying property in Dubai?
- There is a fee of 4% of the purchase price, which is payable to the Dubai Land Department.
- For the transfer of ownership at the notary’s office, a standard fee of 4,200 AED (approx. 1200 €) is due.
- Broker commissions vary depending on the type of property. For many new build properties, there is no brokerage fee.
In the real estate advertisements from Dubai, the property is usually described as 1BR, 2BR etc.. What is meant by this?
BR stands for Bedroom. This describes how many bedrooms a property has. There is always a bathroom per bedroom. There is also a living room, kitchen and guest toilet. If there are additional rooms, this is always stated in the property advertisement. In Dubai, there is often the addition “maids room”. This means that the property has another, usually very small, bedroom with a small bathroom for a housekeeper/nanny, etc. The maid’s room is also available. Translated with www.DeepL.com/Translator (free version)
Once I have chosen a property, how does the actual real estate purchase in Dubai work?
Once our clients have decided on their dream property, we naturally provide support throughout the entire purchase process.
The real estate transaction is handled by the DLD – Dubai Land Department. This is where the contracts are drawn up and the name of the new owner is entered and registered upon transfer of ownership. You will then receive a title deed. You then derive all ownership rights from this title deed. The transfer of ownership itself takes place at a so-called registration trustee – which corresponds to the notary’s office in Germany.
How does the real estate purchase process work if I want to buy a property in Dubai that has not yet been completed? (so-called off-plan property)
Once you have decided on your dream property from a well-known developer in the city, we will first reserve it for you. The steps then proceed as follows:
- Purchase decision
- Reservation of the property
- Reservation confirmation
- First purchase price instalment (usually 10%-30% percent) and notarial confirmation by the DLD (Dubai Land Department).
- Conclusion of the purchase contract
- Payment according to payment plan
- Handover of the object
We would be happy to advise you personally on the respective payment options of the developers and properties. Often there are smart financing options (payment plan) with the developer itself. Accordingly, the payment of the purchase price is staggered until the handover of the property.
What should I look out for if I want to buy a property in Dubai?
Our clients benefit here from our many years of expertise as a real estate company in Germany. We set the same standards for a real estate transaction here as we do in Germany. In this respect, the relevant criteria for a real estate purchase in Dubai do not differ from those in Europe in Germany.
Important are:
- Real estate consultant you can trust
- Location, location, location
- Construction quality/ reference of the developer
- Floor plans
- Purchase price
Is it generally possible to buy a property in Dubai as a foreigner without any problems?
Yes! You are allowed to become a Dubai property owner as a foreigner. A purchase is possible in all Freehold areas. Freehold areas include Dubai’s most famous and popular neighbourhoods. Freehold means that the purchaser acquires all rights to the flat and the part of the land. The rights to the land and the flat are therefore comparable to those in Germany.
