Are foreigners restricted?

No, anyone can purchase property in Dubai’s exciting new Developments.

Leasehold or Freehold?

Freehold properties are most commonly available when buying though Link Real Estate. However one might occasionally find a combination of freehold and 99-year leasehold property.

How do mortgages work?

Links Real Estate’s affiliated banks offer competitive mortgages ranging from 10 – 25 year terms. Interest rates are linked to both the US and UAE markets. Feel free to contact us for current rates.

What payments are required?

For Dubai’s new development properties, payments are similar to those in most other countries. The standard minimum deposit is 10% of the purchase price, payable on signing the contract. Afterwards, ‘stage payments’ are made at regular intervals through to completion. Feel free to contact us for the financial obligations on each specific project.

How long is the purchase process?

In general, due to our one-stop shop service, purchases are extremely swift. One can expect them to be completed in as little as 2 weeks.

What taxes must be paid?

Currently, there are no government taxes of any kind when purchasing a property in Dubai. Furthermore, when selling there is no Capital Gains Tax. When the Dubai Lands Department registers title, buyers will pay a 1.5% tax based on the purchase price of the property. If they have a mortgage, they will pay 0.25% of the value of the loan.

Are there Service Charges?

Yes, reasonable service charges are payable to all developers for maintenance, landscaping and refuse collection. This charge varies according to the development.

Does ownership entitle you to residency?

Yes, the Dubai Government issues residence visas to new property owners as well as their immediate family. Visas need to be renewed every three years as per immigration laws.

What is the investment potential of Dubai property?

Very good. Property prices in Dubai have experienced consistent growth, out-stripping even the most buoyant markets and forecast to achieve the same for some time. One need only to compare current prices with those of the last few years. Links Real Estate have the inside market knowledge to know which developments project the most substantial gains.

How is the re-sale market?

The re-sale market is extremely strong and the demand is high for all types of real estate. Furthermore, to facilitate the ease of resale, properties can be sold and the agreement can be transferred to anyone. All the new owner has to do is take over the payments to be made to the developer.

Talk to us today

If you would like to find out more about buying property abroad through Volcano Estates, simply contact us today on (0034) 928-51.87.52, or by e-mail, for an immediate response.