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Legal FAQ for EU Investors

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About RE

What is Real Estate Investment in Dubai?

Real estate investment in Dubai is a perfect option for a long-term income. You can buy a home, renovate it and resell it, or purchase a commercial building that has tenants who will pay you a sufficient amount of rent to cover the cost of owning the building, and then some. Other ways to invest in real estate include owning shares of a REIT (real estate investment trust), investing money in a crowdfund, or hiring a local property manager to handle the routine details.

Are foreigners permitted to have 100% ownership of property in Dubai?

Earlier, ownership of property in Dubai was restricted to citizens of the UAE. However, in 2006, the government passed Regulation No. 3, determining designated areas where non-citizens can own property. In these areas, foreigners are permitted to buy property on freehold ownership. Major freehold properties are available in most parts of ‘new Dubai,’ such as in Dubai Marina, Palm Jumeirah, Jumeirah Lakes Towers and Emirates Hills.

Does Dubai Properties offer freehold properties?

Yes, Dubai Properties sells freehold properties to both local residents and international investors. With communities and towers in some of Dubai’s most popular destinations, including: a luxury residential tower in Jumeirah Beach Residence and Manazel Al Khor residential projects on the Dubai Creek.

How can I book a property through lifeinluxury.de?

To buy a property through lifeinluxury.de, you need to follow the following steps: Check out our website or mobile application. Select the property that meets your criteria and drop an enquiry for the same. Go on a site visit of the selected property with our property experts. Close the deal- We handle all legal paperwork, and manage all documentation work with the builder and the bank.

Does Life In Luxury own the properties listed for sale?

No, Life In Luxury acts as an intermediary between the developers and the investor, feel free to work with us, because of our experience in property advisory in Dubai.

Investing

What are the best reasons to invest in real estate in Dubai?

The stable economy, tax-free market and high return on investment are some of the main reasons why you will find it profitable to make an investment in Dubai. Dubai's economy has proved to be one of the most stables in the whole world. Also, the current laws and regulations ensure a political stability that back all investments.

What advantages do I get by investing in Dubai real estate?

First, in Dubai you won’t be paying annual property taxes. Once you purchased the property and paid the registration fees, you're free of all liabilities. Then, the ROI is one of the highest currently in the real estate market. So your assets are guaranteed to increase in time.

How can I make a safe investment in Dubai?

You must go to real estate companies that will help you in everything and will safeguard your investment. There are plenty of real estate property scams in Dubai, so you ought to be careful. Our team will assist you in all the investment process and will help you find the best deals available.

What is the difference between leasehold and freehold properties?

A leasehold property is a property that is leased out to a leaseholder for a specific period of time. A freehold property is a property that is sold for a specific purchase price to a purchaser and there is no limit on ownership rights.

What are the best aspects of investing in Dubai?

The stout economy, capital safety, potential high yields and other unrivaled advantages are key aspects to consider when investing your assets. The Dubai real estate market has been growing steadily and sustainably during the last years, even despite the pandemic.

Brokers

Why do I need a real estate agent?

Real estate agents are licensed professionals. In most cases, sellers have a real estate agent working for them — a listing or seller’s agent — so you’ll want someone on your side, a buyer’s agent, who also has your back in negotiations and can help you understand how to make an investment on a property in Dubai.

What is the role of Life In Luxury Customer Service?

Life In Luxury Customer Service will provide you sales administration services (i.e. issues with contracts, transfer of properties and other administrative processes). Key services may include: Updating customer information. Registration of financing arrangements. Title deed registration and pre- registration for properties.

Why is it important that an agent is duly registered?

The Dubai market is a melting pot of cultures and it can be a daunting task to those new to the country. It is difficult to trace down who is responsible in the event that something goes wrong in a property deal. Real estate agencies act as intermediaries between buyers and sellers and as such, there is a clear account of who is responsible and both buyer and seller knows where to turn when something goes wrong. Not all agents in the market are registered and it is essential that homeowners and tenants make sure that they are dealing with a registered agent to safeguard their own assets.

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