Dubai property has only recently been made available for purchase by foreigners and the interest worldwide is incredible, attracting a vast spectrum of interest from billionaire businessmen to world famous footballers.
The Dubai real estate & property market is very active and is expected to remain so for the foreseeable future.

Why are all Nationalities Investing in Property & Real Estate in Dubai?
Property is cheap in absolute and relative terms. For example at this moment, an average villa will cost five times LESS when compared to a similar property in London Docklands. There are very few modern cities in the world where high-standard property is priced so low.

Can I Buy Property in Dubai?
Any investor, overseas or resident, can purchase Leasehold or Freehold property in Dubai.

Is the Property in Dubai Leasehold and Freehold?
Freehold is available on many new developments in Dubai. In some cases there is a 99-year leasehold on property.

Do I pay any Taxes?
There are currently no government taxes of any kind when purchasing a freehold property in Dubai, nor is there a Capital Gains Tax or stamp duty or legal fees. 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.

How are Property Prices Appreciating?
Properties are appreciating steadily at the rate of 10% - 15% per annum, (for some developments even greater as shown in the case studies). It is estimated that by 2009, based on current growth, your initial financial investment is expected to at least double. Like all investments, however, property prices can go down as well as up. Talk to one of our Property Consultants for project specific information

Can I get a Mortgage?
Mortgages are available in Dubai from local and international banks for both residents and non-residents to purchase real estate in Dubai. They are available from 10 to 25 year period through Cubic Real Estate’s banking partner.

What Rental Income should I expect?
Rental income from Dubai property is approximately between 8-10 %. For those interested in Short-term rentals it is encouraging that over 3.4 million tourists visited Dubai in 2001 and this figure is expected to grow to in excess of 6.0 million by 2010. Dubai is going from strength to strength.

What are the Payment Terms?
Payment terms are convenient. Generally, a deposit representing 10% of the buying price is required upon signing the contract for new development properties. The remaining payments are made according to the Payment Schedule as set-out by the developer until completion. Payment Plans vary according to developer. Please contact us for further information.

How long does it take to Purchase a Property?
A purchase normally takes approximately two weeks to complete. Buyers do not need a local bank account to arrange purchases, though these can easily be arranged through our banking partners.

The Purchasing Process
• Once you have made the decision to buy a property in Dubai you should complete the designated reservation form and return it us.
• This should be followed by a reservation payment (the amount is development specific). This secures your property and brings it off the market.
• You are then issued a Sale and Purchase Agreement (contract). You are given a specific execution date, by which you should ensure that Sale and Purchase Agreement has been signed and returned, along with the required deposit payment.
• On receipt of signed documentation and cleared payment you are immediately issued a countersigned contract.
• You will then continue to make payments in accordance with the specific developments payment schedule.

Can I get a residency Visa?
The purchaser (and their immediate family) of property in Dubai is entitled to a Residence Visa

Is the UAE Dirham a Stable Currency?
The UAE Dirham is pegged to the US dollar which makes it a stable currency

Annual Service Charge
An annual minimum service charge is payable by you when your property is complete, which is specific to the development. It generally covers  maintenance, landscaping, access to facilities and refuse collection. Please call a Cubic Property Consultant for further advice.

Is it Safe?
Crime is almost non-existent in Dubai.

Re-sale
You can sell your property or assign your agreement to anybody. This means that they will take over the payments to be made to the developer.

Legal Advice
You are not required to instruct solicitors when purchasing property in Dubai. However, should you require an independent solicitor we will be happy to recommend one.

With approximately $90 billion invested in property developments either completed or in the development stages, the buying property in Dubai has never been hotter. Dubai provides the ideal environment to buy property. Buyers are spoiled for choice offering various types of property suited to all lifestyle requirements. From towering city apartments to luxurious beach front villas and exclusive self-sustaining communities, Dubai is the new international property buying destination and has even attracted several star celebrities, including the likes of David and Victoria Beckham, Michael Jackson and Rod Stewart.

Buying property in Dubai is not restricted to the elite upper class only. Many new and existing residents of the city have found it more worth their while to purchase their residential quarters instead of paying exorbitant rents to landlords. As a result, several real estate agencies have sprung up across the Emirate, in addition to some developers selling their property directly.

While the market for mortgages is still developing, many developers offer exclusive payment plans when buying property in Dubai. The city is thriving and the real estate market is booming. Purchasing properties in Dubai is an almost guaranteed return on your investment, whether you wish to rent or sell your property. If it is a holiday home for yourself and your family – there is no better place in the world that will offer you the kind of luxury environment than this City of Gold.

Set between Europe and Asia, Dubai is the crown jewel of the United Arab Emirates. It offers visitors an oasis from the surrounding desert, although it remains mostly sunny and warm throughout the year. Dubai is the second largest of the seven Emirates, comprising of Abu Dhabi, Ajman, Fujaira, Ras al-Khaimah, Sharjah, and Umm al-Quwain. It is located on the southern shore of the Arabian Gulf.

Dubai's population in 2006 currently stands at 1.2 million. Visitors from the four corners of the earth make their way to Dubai by land, sea and air. The Dubai International Airport is a vital link for business, commerce and tourism. Its state of the art facilities and runways permit multiple daily take-offs and landings whisking visitors in and out of the Emirate. International flights from all major cities around the world land in Dubai on Emirates Airlines, the country’s national award winning airline.

Tourists and business travellers will be curiously inspired by this urban cosmopolitan city. The centre of the city is designed with ultra-modern offices, hotels and shopping malls all set alongside the Creek. This natural sea-water inlet cuts through the city’s centre, but just around the corner, you might come upon an ancient house or other testaments to Dubai’s rich cultural heritage. Dubai is able to boast an Arabian experience in a protected, open-minded city. Even the desert itself holds tourist appeal.

Dubai's central business district is divided into two parts: Deira on the north side of the Creek and Bur Dubai to the south. They are connected by a tunnel and two bridges. But no matter which side you find yourself on, a stroll along its banks will remind you of the city's centuries-old trading traditions

Click the link below to read more general information on Dubai