Real estate for sale in the United Arab Emirates
Who can buy property in the UAE?
In the Emirates, they welcome foreign investors with open arms and therefore it is possible to acquire a standard 100% owned property. It must be in the so-called freehold zones. It can always be verified within any development project at the very beginning.
Main benefits of buying property in the United Arab Emirates
1. "Tax free zone", i.e. tax exempt properties
Zero taxation on short and long-term rental income
Zero tax on the profit from the sale of the property (the difference between the sale and the purchase)
Zero annual property taxes
The only tax is a tax on the purchase of the property of 2-4% of the purchase price. However, this is overwhelmingly split between the selling and buying parties.
2. Interesting rental yield
We always carefully select projects for you with the aim of achieving maximum annual rental income. In our selected projects, the annual income does not fall below 7.5%. 12% is no exception.
3. Long-term and continuous growth of property prices
Demand for real estate has experienced a huge boom in recent years. In 2022 alone, there was a 60% increase in demand compared to 2021. Similar figures can be expected this year. The growth in demand is also positively reflected in the continuous rise in prices. The 60% increase in demand in 2022 resulted in a 15% increase in the average price of standard 2+kk and 3+kk apartments.
4. Obtaining the "Golden Visa"
With the purchase of a property you will automatically receive a visa valid for 2-10 years depending on the price of the property you are buying. This comes with the added benefit of opening a current account with one of the many banks operating in the UAE. All without the condition of permanent or long-term residence in the UAE (different to the Czech Republic).
5. Payment plan
What documents do you need to buy a property in the UAE?
A valid passport
Purchase contract: also called "Memorandum of understanding the contract"
Proof of own resources: bank statement
Loan agreement if you are financing the property with a loan from the country
Personal details
Step by step guide to buying a property in the UAE
Buying a property in the UAE is not particularly different from the Czech system.
Choosing your property
Booking the property and sharing personal data
Agreeing on the terms and conditions
Memorandum of understanding
Head of terms
Purchase offer
Payment of the first instalment of 10-30% of the purchase price of the property
The amount of the first instalment depends on the conditions of the specific developer
Signing the Purchase Agreement
Subsequent instalments, approval and handover
Further instalments during construction according to the instalment schedule
Registration at the local land registry and official ownership of the property
Fulfillment according to the so-called "Payment plan"
Most developers allow you to set up a payment plan for 3-10 years, without additional interest. Attention. This is not a loan
Management and regular income: connection with a local partner company responsible for the professional management of the property
We will guide you through the entire process with our partners and turn the purchase of a property in this lucrative location into a very pleasant experience.
