It depends on your priorities. Off-plan properties offer flexible payment plans and potential value appreciation, but you’ll need to wait for completion. Ready properties, on the other hand, provide immediate move-in or rental opportunities.
Freehold properties grant full ownership, allowing buyers—especially foreigners—to own both the unit and the land indefinitely. Leasehold properties, however, are owned for a set period (typically 30 to 99 years) and then revert to the landowner unless renewed.
A straightforward cash purchase can be completed in as little as a week. If you’re financing, the process may take four to eight weeks due to mortgage approvals and legal procedures.
Yes, both residents and non-residents can apply for home financing. However, non-residents typically need a higher down payment, and eligibility depends on income, credit history, and the bank’s requirements.
In addition to the purchase price, buyers should budget for Dubai Land Department (DLD) fees, agency commissions, mortgage processing fees (if applicable), and ongoing service charges for property maintenance.
For cash buyers, a valid passport is usually enough. If you’re using a mortgage, banks may require additional documents like proof of income, bank statements, and employment details.
If a tenant is in place, the lease agreement remains valid until its expiration. If you want to move in, you must provide a 12-month written notice through a notary public or registered mail.
