What Buyers Need to Know Today Inside Dubai’s High-End Property Market

 

With our Dubai high-end property market guide for buyers, you can enjoy expert insights into the luxury properties thriving in Dubai’s real estate. Make smarter decisions for your future with our guidance. Keep reading to know more!

Every year, the city attracts an increasing number of international and local investors who drive its lifestyle through a record-breaking influx of high-net-worth individuals.

So, how do buyers secure value in Dubai’s luxury property scene?

Our high-end property market guide for buyers will break down everything you need to know about the ins and outs of the market.

Let’s understand the nuances of Dubai’s luxury property market!

Dubai’s High-End Property Market Guide for Buyers

What are the Requirements to get a Property for Sale in Dubai?

Buying property in Dubai is a straightforward process, whether you are a local or an international buyer.

There are no age or residency restrictions for buyers. Foreigners can purchase freehold properties in designated areas, even without holding a visa.

You are free to purchase any off-plan property in Dubai and get leasehold agreements of up to 99 years. However, your ownership is limited to approved freehold zones, as defined in Dubai’s Real Property Law.

Where are the freehold zones?

These freehold zones are:

●      Western Dubai has Dubai Marina, Palm Jumeirah, and Al-Barsha South.

●      In Central Dubai, there are Sheikh Zayed Road, Al Jaddaf, and Emirates Hills.

●      Eastern Dubai’s zones are Mirdif, Ras Al Khor, and Al Quoz Industrial Area.

●      In Southern Dubai, you have Jebel Ali, Palm Jebel Ali, Al Sufouh, and the World Islands.

How Much Tax Will You Be Paying When Buying a High-End Property?

One of the greatest benefits of buying property in Dubai is that you don’t need to pay tax on it in the traditional sense.

Important Note: A 4% transfer fee is payable to the Dubai Land Department upon property transfer. In addition to this, a ‘housing fee’ is payable monthly, equivalent to 5% of the average rental value of the area.

How can You Evaluate Luxury Properties for Sale in Dubai?

When evaluating a high-end property in Dubai, you need to factor in some aspects. These are:

1.     Look for a good location. Assess the views, infrastructure, waterfront, proximity to hotspots, and facilities.

2.     The choice of your developer matters. Look for someone with a great track record who delivers quality and on time.

3.     Even if you plan to live there, consider resale value; high-end properties often see demand among international buyers.

4.     Check for clear legal paperwork, like a valid title, unified contract, no hidden liens or unpaid fees, and a clear transfer path.

What is the ROI of Investing in Property in Dubai?

Luxury properties often have lower rental yield percentages due to higher purchase costs, but prime locations can still offer strong returns.

Given the stable economy of Dubai and its price growth trend, it has great potential for value appreciation.

How Dynamic Are Your Options in Dubai’s High-End Property Market?

Investors can choose from

a.     Apartments

b.     Townhouses

c.      Villas

d.     Penthouses

Further, you have the choice of either going for a waterfront project (premium investments) or family communities.

As an overseas investor looking for a property in Dubai, you can choose between ready projects or off-plan developments. Ready properties are those where the building stage is finalised, while off-plan properties in Dubai are those under construction.

What are your Finance Options (as a Foreigner)?

You have four financing options that cater to a variety of investor needs. These are:

Mortgage for Non-Residents: You secure loans from banks in the UAE under terms and conditions.

Islamic Financing: These are available for investors who prefer ethical and interest-free financing.

Developer Financing: Some developers offer attractive payment plans and financing options directly to buyers.

Off-plan Payment: Flexible payment plans, allowing investors to pay in instalments during construction.

Conclusion

Buying a luxury estate in Dubai or other high-end properties for sale in Dubai is a compelling opportunity. Still, it demands due diligence, understanding of hidden costs, and clarity about what you want.

Read this guide and make the right decisions.

Discover exclusive, premium properties for sale in Dubai with DKV International Real Estate, and take the first step towards investing smartly.

Find your dream home with us. Get in touch today!

Disclaimer: The information provided in this content is just for educational purposes and is written by a professional writer. Consult us to know more about properties.