Estate Agents & Advertisers: Login or Register Telephone Number Tel: (+34) 952 471 774 | UK Freephone UK Freephone: 0800 047 0597 | US Toll Free US Toll Free: +1-866 656 7152
IPIN Left IPIN Middle IPIN Right
Header Corner
Home > United Arab Emirates > Property : A Buyers’ Guide to the United Arab Emirates
SubscribeRegister for Email Updates
   
 
 
Find Property in
  e.g. Manchester or Marbella or Spanish Property

Popular regions in United Arab Emirates

Let Us Search For You

Fill in a short form telling us what you are looking for and we can do all the hard work for you.

the FX firm

 

15%+ returns with complete deposit protection

  

Propertyshowrooms.com recommends the IPIN Global Secure Exit Strategy - enabling you to profit from the current economic climate and generate 15%+ annualised returns with no risk to your capital, low entry levels and no ongoing costs. Already proven on 15 UK projects with no capital loss.



A Buyers’ Guide To The United Arab Emirates

Below is an overview of what to expect when buying property in the UAE, along with an idea of costs and the purchase procedure.


Foreign nationals are now allowed to buy freehold properties in designated areas of the UAE, while Gulf Cooperation Council (GCC) nationals are can purchase freehold property anywhere in the Emirates.

As the real estate market is still relatively new in the UAE, most property for sale is newly built and foreigners buy within special pre-approved zones. Residency visas are issued upon completion of sale for those buyers who wish to make a permanent move to the UAE.

The Procedure

A Sales Agreement is just about the only document required when you buy a property in the UAE; however, it is legally binding and is signed once all legal checks have been undertaken and negotiations have been finalised.

In order to secure a property, a holding deposit of anything from 1,000 to 3,000 GBP is normally paid. This deposit is non-refundable in the event that the buyer decides not to continue with the purchase.

In the next stage, the Purchase Contract, stipulating the payment schedule, is drawn up. Usual payment terms are between 10% and 20% to be paid every three months until completion and the build time is normally between 12 to 36 months. The introduction of the new escrow law in the UAE has been crucial to protecting the interests of property investors. Buyers can be completely sure that their funds are safe and secure because they are held by a third party bank. Off-plan property can be sold at any time during this period, but it will incur a transfer cost of approximately 2%.

The Sales Agreement and other required documents are then lodged at the Land Registry Department.

Solicitors

Government legislation has simplified the purchase procedure greatly throughout the UAE and a solicitor, although recommendable, is not always used, simply because property transfers and contract exchanges are mediated by the relevant property developer and the Land Department. Strict transfer procedures are adhered to by these parties.

A good solicitor will, however, be required to explain the effect of the clauses of UAE mortgage offer documents, as well as highlight any potentially hidden fees that may or may not be disclosed by the financial institution’s representative.

Costs

Expect to pay the following costs when purchasing real estate in the UAE:

2.4% stamp duty
1.5% land registry fee
1-8% transfer of off-plan contract cost

Tax

No income tax or capital gains tax is levied in the UAE on rental income or property sales.

Mortgages

Mortgages are now widely available from most banks and some financial institutions in the UAE, with HSBC interest rates currently at approximately 6%. Borrowers may choose between conventional mortgages and Islamic mortgages, 70% of which, interestingly enough, are granted to non-Muslims. A benefit of the Islamic mortgage is the fact that there is no charge for early repayment.

Let us search for you Let Us find Property in United Arab Emirates for You

Fill out a requirements form and our experts will help you find a great selection of Properties for sale in United Arab Emirates.
Find Property in Other Countries United Arab Emirates Home Property in United Arab Emirates Dubai Property News A Buyers' Guide to Dubai Property Taxes in Dubai Currency Exchange in Dubai Mortgages in Dubai Dubai FAQs Dubai Real Estate Articles Dubai property enquiry Property For Sale In Abu Dhabi Dubai Residential Property UAE Real Estate Articles UAE FAQs UAE Property Enquiry Mortgages in the UAE UAE Currency Exchange Property Tax in the UAE UAE Property News
A Buyers’ Guide to the UAE
Removals Services in United Arab Emirates Investment Property in United Arab Emirates Development Showcase in United Arab Emirates Guide to Property in United Arab Emirates Rent Your Property in United Arab Emirates
As Featured In

The Sunday Times
ITV
Channel 4
Living Abroad
A Place in the Sun
Realestate TV
The Independent
the guardian
International Herald Tribune
The Wall Street Journal
International Homes
Daily Mail
OPP Overseas Property Professional
The Sunday Express
The Daily Telegraph
Independent.ie
scmp.com
homes overseas
H!Society Magazine

Best Property Portal
INVEST FROM £5,000 IN BRAZILIAN LOCAL HOUSING
Investment Property

Property in United Arab Emirates




Real Estate Agents

Sell your properties in United Arab Emirates

Property Developers

Sell your developments in United Arab Emirates

Find Property for YouLet Us Find Property For You

Fill out a requirements form and our experts will help you find a great selection of properties for sale in United Arab Emirates.

Help me find property in United Arab EmiratesGo

Foreign ExchangeForeign Exchange

 Considering a property purchase in United Arab Emirates or need to transfer currency to/from United Arab Emirates?

Save Thousands in Currency Transfers Go

United Arab Emirates flagGet a Mortgage Quote

When considering a buying property in United Arab Emirates, you are well advised to get expert mortgage advice from a mortgage broker.

Get a mortgage quote in United Arab EmiratesGo

Holiday Rentals in United Arab EmiratesHoliday Rentals

Owners Direct is one of the UK's leading direct from owner rental websites and the first choice for holiday home owners who want a cost effective and easy way to fully book their properties.

Find out more Go

Insurance QuoteGet Insurance in United Arab Emirates

If you own or are about to purchase property in United Arab Emirates, you get an insurance quote using our online insurance quote form.

Get Insurance in United Arab EmiratesGo

WillsLooking for a Will?

 Do you have your British assets covered by a will?
Do you have your movable foreign assets covered by a will?
Have you made plans to protect your family in the event of your death?

Get more information on Wills Go

PensionsGot a UK Pension?

Everything you need to know about transferring your UK Pension is in our downloadable guide.

Get more information on Pensions Go