What is the minimum property price to qualify for a Golden Visa in Dubai?
The minimum is AED 2,000,000 (approximately USD 545,000 or EUR 500,000) in a single freehold property. The investment must be residential property registered with the Dubai Land Department (DLD). You cannot combine multiple properties below AED 2M to reach the threshold.
Can a non-resident get a mortgage in Dubai?
Yes, non-residents can mortgage property in Dubai. The maximum LTV for non-residents is 50%, meaning you must put down at least 50% cash as a down payment. Residents can borrow up to 80% LTV (first home) or 60% LTV (investment). Loan terms are typically up to 25 years at interest rates of 3.5–5.5%.
What are the main costs when buying property in Dubai?
Main closing costs include: (1) DLD transfer tax (4% of purchase price), (2) agent commission (2% total), (3) title deed registration (AED 580 + AED 3 per AED 1000), (4) mortgage origination fee (1–1.5% if financing), (5) legal review (AED 3K–10K). For a AED 10M purchase, expect AED 645K–655K total (6.5%).
What is the difference between freehold and leasehold?
Freehold grants perpetual ownership of land and building, full mortgageability and unrestricted rental/sale. Leasehold (typically 99 years) grants ownership of improvements but not land; it is harder to mortgage and has lower resale liquidity. Most Dubai residential (80%) is freehold.
How long does it take to close a purchase?
Typical timeline is 6–12 weeks from offer to Oqood (title issued). Due diligence (1–2 weeks), negotiation (1–4 weeks), MOU (1 week), mortgage approval (2–4 weeks), final contract/DLD transfer (1–2 weeks), post-closing (1–2 weeks). All-cash transactions close faster; international financing takes longer.
What are rental yields in Dubai?
Rental yields range from 3.5% to 7% annually depending on community. Downtown Dubai and JBR offer highest (5–7%), Palm Jumeirah and Emirates Hills yield 4–5.5%, Business Bay and Dubai Marina yield 5–6.5%. Yields increase with furnishing and management quality.
Can I rent out my property immediately after purchase?
In Dubai, you can rent out freehold property immediately after Oqood issuance. Some off-plan projects restrict rentals in year 1 to investors only. You must register a tenancy agreement (Ejari) at DLD to legally rent and allow tenant utilities setup.
What is DLD, RERA and Ejari?
DLD (Department of Land and Deeds) manages property registration, titles and transfer tax. RERA (Real Estate Regulatory Agency) licenses agents and enforces transaction standards. Ejari is mandatory tenancy registration at DLD required for rental agreements and utility setup. All protect buyer and tenant rights.
What should I budget for annual ownership costs?
Dubai has no annual property tax. Main costs: service charge (AED 12–25/sqm, typically AED 4K–10K/year), utilities (AED 500–2K/month), insurance (AED 500–2K/year if mortgaged), maintenance (1–2% of property value/year), property management (8–12% of rental income).
How do I contact MRK Real Estate?
Email: info@mrk.ae | Phone: +971 50 256 0698 | Office: Business Bay, Dubai, UAE | Hours: Saturday–Wednesday 9am–6pm, Thursday 9am–3pm GST. Visit our case studies, tools and community guides at https://mrk.ae.