Apartment in CREEK HORIZON in Dubai Creek Harbour (The Lagoons), UAE 3 bedrooms № 130492

There is no mandatory annual property tax for homeowners in Dubai.

However, several real estate–related fees may apply, such as:

• Property transfer fee. This is a mandatory charge imposed when property ownership is transferred from the seller to the buyer. In Dubai, it amounts to 4% of the sale price stated in the contract. Typically, this fee is split equally between the buyer and the seller.
• Municipal tax. For commercial properties, it is set at 5% of the average annual rental value of comparable properties in the area. Owners of residential units also pay a housing fee at a 5% rate. If the property is rented out, this fee is usually passed on to the tenant.
• Annual service charge. This fee covers the upkeep of the residential complex where the apartment or villa is located. The amount is determined by the Dubai Land Department based on the building’s maintenance costs and is typically paid quarterly.

To choose a trustworthy developer, consider the following criteria:

• Reputation and experience. Developers with over 7–10 years in the market have typically weathered various economic cycles, demonstrating stability. Check buyer reviews on real estate forums and specialised websites. Awards and participation in industry rankings are also a positive sign.
• Track record of completed projects. A large number of successfully completed developments boosts credibility. It's not just about quantity — the quality of delivered projects also matters. Review the developer’s portfolio on their official website, visit existing properties, and speak with current residents.
• Financial stability. Even prominent developers can encounter difficulties without solid financial backing. Research whether the developer has outstanding debts or is involved in legal disputes, and find out which banks or investors they work with.
• Timely project delivery. Frequent delays in handover are a red flag. Compare promised versus actual delivery dates for previous developments, check official property records, follow construction updates, and read feedback from other buyers.
• Transparency and customer communication. A reliable developer provides clear documentation, outlines contract terms explicitly, and maintains open communication with clients. Visit the developer’s official website and evaluate their responsiveness, presence on social media, and availability of legal consultations.

Dubai’s rental market is known for its high liquidity, diverse property offerings, and sustained demand from both local residents and foreign investors. Renting is a popular option as it avoids the long-term commitments associated with purchasing.

Key factors influencing the market include:

• Economic growth and investment. Dubai’s steadily growing economy attracts both local and international tenants.
• Tourism and expatriates. The city sees an increasing influx of tourists and foreign professionals each year, sustaining strong demand for short-term rentals.
• High quality of life. Well-developed infrastructure, modern residential complexes, and access to world-class healthcare, education, and leisure facilities make renting attractive for long-term stays.
• Rental flexibility. Renting offers greater freedom and less commitment, making it ideal for temporary residents and business travellers.

In addition to the property’s purchase price, buyers in the UAE are required to cover the following mandatory costs:

• Dubai Land Department (DLD) registration fee — 4% of the property value.
• DLD administrative fee — usually around AED 580.
• Real estate agency commission — typically 2% of the purchase price.
• Title Deed issuance fee — approximately AED 250.
• For off-plan purchases, there may be extra charges such as:
  • Oqood registration fee — AED 3 000 + VAT.

Additional expenses may include power of attorney fees (for remote purchases), notary services (if needed), document translation, and bank charges.

Yes, foreign nationals are permitted to purchase real estate in the UAE, but only within specially designated freehold zones.

As for residency:

• If you purchase a property worth AED 750,000 or more (approximately USD 204,000), you may be eligible for a 2-year residency visa.
• For properties valued at AED 2 million or more, a 10-year Golden Visa may be granted.

Residency allows you to live in the UAE, open a bank account, access healthcare and education, but does not automatically include a work permit, unless otherwise specified in the visa terms.

The process of buying property in the UAE is transparent and clearly regulated. The main steps are as follows:

1. Select a property and sign a Reservation Agreement — this confirms the price and terms.
2. Pay a deposit — typically 5–10% of the property value.
3. Sign the Sales and Purchase Agreement (SPA) with the seller or developer.
4. Register the transaction with the DLD — pay the registration fee and submit documents.
5. Receive the Title Deed, confirming you as the official property owner.

If you are outside the UAE, the transaction can be completed remotely via a representative holding a notarised power of attorney. The entire process may take from a few days to several weeks, depending on the property type and payment method.