Looking to go this route by the end of the year and any information might be helpful. Here are few random questions that I have on my mind.
1. On top of the real estate price what other fees you have to be ready to pay?
2. Do you need a broker, what is their added value and what is their usual fee?
3. Most developer seem to offer their own payment plans, like 30% upfront, then 1% per month for couple of years and then you pay the rest when the property is finished. In that case at which point you can claim residency and BANK account based on having invested over 2M AED in property?
4. Are there any developers known and VERIFIED to accept payments in stablecoin?
5. In theory Dubai is sharing info with your tax country residence, but do they do it in practice?
6. What kind of property/area is best for higher airBnB type of ROI? (Villa, 2 bedroom flat, etc?)
Anything else you might see as useful for a newbie
I can anonymously hold the property via Dubai company? where i can read more about that?
Also about protection, don't need multi-ownership at this point.
I can anonymously hold the property via Dubai company? where i can read more about that?
Also about protection, don't need multi-ownership at this point.
Sorry can't share a source but it's well known - dig deeper and at some point things are clear to you - happy to help then.
Looking to go this route by the end of the year and any information might be helpful. Here are few random questions that I have on my mind.
1. On top of the real estate price what other fees you have to be ready to pay?
2. Do you need a broker, what is their added value and what is their usual fee?
3. Most developer seem to offer their own payment plans, like 30% upfront, then 1% per month for couple of years and then you pay the rest when the property is finished. In that case at which point you can claim residency and BANK account based on having invested over 2M AED in property?
4. Are there any developers known and VERIFIED to accept payments in stablecoin?
5. In theory Dubai is sharing info with your tax country residence, but do they do it in practice?
6. What kind of property/area is best for higher airBnB type of ROI? (Villa, 2 bedroom flat, etc?)
Anything else you might see as useful for a newbie
1. Extra costs are 4% for the Dubai Land Department, ~4k AED for the trustee office fees, ~500 AED for the title deed
2. If you're talking about real estate agency the fee is 2% and they will do all the paperwork for you, just have to be physically present for the final signing
Some extra costs are also involved if you're gonna get a mortgage from a UAE bank. Loaned amount is 60% for self-employed FZCO owner and there are ways to get a mortgage even if you don't cover bank's requirements (min years company existence, min turnover).
1. Extra costs are 4% for the Dubai Land Department, ~4k AED for the trustee office fees, ~500 AED for the title deed
2. If you're talking about real estate agency the fee is 2% and they will do all the paperwork for you, just have to be physically present for the final signing
Some extra costs are also involved if you're gonna get a mortgage from a UAE bank. Loaned amount is 60% for self-employed FZCO owner and there are ways to get a mortgage even if you don't cover bank's requirements (min years company existence, min turnover).
At what point you can finance an off plan property?
Looking to go this route by the end of the year and any information might be helpful. Here are few random questions that I have on my mind.
1. On top of the real estate price what other fees you have to be ready to pay?
2. Do you need a broker, what is their added value and what is their usual fee?
3. Most developer seem to offer their own payment plans, like 30% upfront, then 1% per month for couple of years and then you pay the rest when the property is finished. In that case at which point you can claim residency and BANK account based on having invested over 2M AED in property?
4. Are there any developers known and VERIFIED to accept payments in stablecoin?
5. In theory Dubai is sharing info with your tax country residence, but do they do it in practice?
6. What kind of property/area is best for higher airBnB type of ROI? (Villa, 2 bedroom flat, etc?)
Anything else you might see as useful for a newbie
1. DLD 4%
2. You don't need a broker but almost every time a broker is involved. The commission is usually between 2-5%.
3. I think you refer to the golden visa. In that case you are eligible after you already paid at least 2M AED for the property.
4. The developers don't accept crypto payments directly. But almost every real estate agent has a contact to get you a managers cheque. This is usual business with crypto guys in Dubai.
You just give them 5% in USDT as deposit for the managers cheque, they bring it over to you and after you received the cheque you pay the remaining amount. The same goes for hard cash. USD/EURO/AED -> AED manager cheque.
90% of the people offering this service don't require any kyc. Just send the crypto and receive your cheque and hand it over to the developer and never mention the money is from crypto in any documents.
5. Why the hell would put your home country in any documents as tax residence? Just put in Thailand or UAE after you got your emirates id and you are fine.
6. It depends on the area. Mostly 1 BR but if you really want to achieve great ROI then you need to focus on the Luxury properties.
A question for those who bought and rents out. What ROI do you get?
you are looking at around 7-12% with the higher end being more for short term rentals. Also do not forget about capital appreciation which last year was about 17% overall for Dubai property market
you are looking at around 7-12% with the higher end being more for short term rentals. Also do not forget about capital appreciation which last year was about 17% overall for Dubai property market
I would prefer info from those who bought real estate, not from those who make money on fees facilitating the deals.
Can those real estate be paid with crypto in Dubai?
Would the be possible to do a group buy or something where you can put smaller amounts into an property investment and get your percentage cut on this ?
Can those real estate be paid with crypto in Dubai?
if you are buying offplan, some developers will accept crypto as payment, however most of the good ones will not...
Buying secondary real estate you cannot buy it outright with crypto but any halfwit agent will have a contact to exchange crypto into a managers cheque. Just be careful with who you deal with, I have seen/heard so many horror stories of buyers get scammed in Dubai via crypto to manager cheque transactions. And most of the agents in Dubai are trash, I hate all of themstupi#21
hiju said:
Would the be possible to do a group buy or something where you can put smaller amounts into an property investment and get your percentage cut on this ?
You can have up to 4 people on the title deed, so yes you can pool with 3 others. The latter what you are discussing sounds more like a REIT?
if you are buying offplan, some developers will accept crypto as payment, however most of the good ones will not...
Buying secondary real estate you cannot buy it outright with crypto but any halfwit agent will have a contact to exchange crypto into a managers cheque. Just be careful with who you deal with, I have seen/heard so many horror stories of buyers get scammed in Dubai via crypto to manager cheque transactions. And most of the agents in Dubai are trash, I hate all of themstupi#21
You can have up to 4 people on the title deed, so yes you can pool with 3 others. The latter what you are discussing sounds more like a REIT?
