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International >> Dubai >>
Frequently Asked Questions about Dubai.
Q: At the current stage of construction, can I transfer my Agreement to somebody else?
A: You can assign your Agreement to somebody else meaning that a third party will take charge of the payments to be made to the Developer. Please email: sales@elitepropertypoint.com for further clarification.
Q: Has the value of my purchased apartment appreciated?
A: In general, both appreciation and depreciation in value of a property depends on supply and demand of market forces. However, the property market in Dubai is currently witnessing great demand and as such, prices are constantly on the increase.
Q: What is the law for non-residents buying property in the UAE?
A: There is no law prohibiting non-residents from buying property in the UAE.
Q: Should I buy direct from a developer or use an agent: pros & cons?
A: The purchase of property is based on a personal choice and does not affect the buying process.
Q: What is the typical transaction costs for a freehold property in Dubai?
A: The cost will vary depending on the purchaser’s choice of retaining a solicitor for advise, applying for mortgage or seeking a bank home loan to finance the property. Several financial institutions are operating in the UAE in the home loan finance arena.
Our financial consultants may be able to arrange UK and overseas mortgages/loans, please contact our finance department for further advise and assistance, email: finance@elitepropertypoint.com
Q: Can non-residents get finance in the UAE?
A: There are a number of financial institutions that are willing to loan funds secured against purchased property. P lease contact our finance department for further advise and assistance, email: finance@elitepropertypoint.com
Q: Is there Capital Gains Tax in UAE?
A: There is no CGT in UAE.
Q: Are there any sales restrictions in Dubai?
A: There are no sales restrictions in Dubai so long as both parties are competent to undertake the sale activity.
Q: What are the rental restrictions in Dubai?
A: Other than market forces, there are no rental restrictions. However, long tern leasers should be legal residents of UAE.
Q: Is protection such as life assurance required for loans in UAE?
A: Such requirement depends on negotiations between the purchaser and the lending financial institution.
Q: What is the best time to buy property in Dubai?
A: If you are thinking of buying property, buy now as prices are going up and increasing by the day and the property market in Dubai continues to grow.
Q: Are there any sales restrictions in Dubai?
A: There are no sales restrictions in Dubai so long as both parties are competent to undertake the sale activity.
Q: What are the rental restrictions in Dubai?
A: Other than market forces, there are no rental restrictions. However, long tern leasers should be legal residents of UAE.
Q: Is protection such as life assurance required for loans in UAE?
A: Such requirement depends on negotiations between the purchaser and the lending financial institution.
Q: What is the best time to buy property in Dubai?
A: If you are thinking of buying property, buy now as prices are going up and increasing by the day and the property market in Dubai continues to grow.
 About Dubai - a section covering the finer details of Dubai.
Dubai Property - A list of available properties in Dubai.
Dubai Factsheet - Some detailed information about Dubai.
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