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Best offers for real estate investments in Dubai

Best offers for real estate

investments in Dubai

Choose real estate
Choose real estate
rental yield up to 50% per annum
return on investment - from 5 years
price starting from 190 000$ for apartments

StayProperty

Our business key principle is Customer's Interests Come First. The unique experience including 7 years in the real estate market allows us to promptly select real estate objects taking into account all the wishes of the customer.

There are 8 offices of StayProperty real estate agency in 6 countries: UAE, Turkey, Northern Cyprus, Russia, Ukraine, Kazakhstan.

> 10 000
More than 10,000 successful transactions were completed by our specialists throughout the years.
> 6 000
Our agency has helped more than 6,000 of our customers to move to a better life, earn passive income consistently or invest profitably.

Real estate agency offering a full scope of services related to real estate in UAE, Turkey, the Northern Cyprus.

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> 10 000
More than 10,000 successful transactions were completed by our specialists throughout the years.
> 6 000
Our agency has helped more than 6,000 of our customers to move to a better life, earn passive income consistently or invest profitably.

Why is it more profitable to work with us than to purchase real estate property in Dubai by yourself?

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Legal assistance

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Translation of documents

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No hidden commissions or surcharges

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Aftersale service
and possibility of transferring the property into a trust management

Our company provides the following services

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Transfer of cash to UAE banks

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Dubai tax residency: 0% personal income tax

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Assistance in applying for a residence permit for the whole family for a period of 2−10 years

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We will make you the best offer
on the real estate market

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DBP085 DANUBE SPORTZ
590.000 AED apartments from
Sports City
1 - 3
  ft²
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Sea Horse villa, Heart of Europe
21 981 963 AED apartments from
World of Islands
2 
4004  ft²
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Sobha Verde JLT
2 000 000 AED apartments from
Jumeirah Lake Towers
1 - 3
1000 - 2100 ft²
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Oceanz by Danube Maritime City
1 100 000 AED apartments from
Maritime City
1 - 3
480 - 1900 ft²
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Sobha Seahaven
3 100 000 AED apartments from
Marina
3 - 4
840  ft²
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Binghatti Trillionaire Residences Business Bay
1 700 000 AED apartments from
Business Bay
1 - 2
500 - 1500 ft²
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Binghatti Bugatti Business Bay
19 000 000 AED apartments from
Business Bay
2 - 4
2000  ft²
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Sobha Reserve
7 961 654 AED apartments from
Wadi Safa 3
4 - 5
4997 - 6014 ft²
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Jouri Hills Arada
4 900 000 AED apartments from
Jumeirah Golf Estate
2 - 6
2583 - 4130 ft²
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Sports City Samana Golf Views
649 000 AED apartments from
Sports City
1 - 3
410 - 1200 ft²
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JVC Binghatti Gardenia
575 000 AED apartments from
Jumeirah Village Circle
1 - 2
325 - 1112 ft²
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Dolce Vita Residence
1 276 000 AED apartments from
Arjan
1 - 2
776 - 1244 ft²
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Reportage Village
1 549 429 AED apartments from
Wadi Al Safa 7 (Dubai)
2 - 4
1576 - 2266 ft²
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Sanctuary Ellington
12 900 000 AED apartments from
Meydan (Dubai)
4 - 6
4500 - 5550 ft²
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Sobha Hartland II
22 700 000 AED apartments from
Meydan (Dubai)
5 - 6
8 400 - 8 500 ft²
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Riverside Crescent 340
1 470 000 AED apartments from
Meydan (Dubai)
1 - 3
640 - 1800 ft²
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TOP-5 Projects in Dubai

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Our team of professionals is fluent in Turkish, Arabic, Russian, English, Ukrainian and German, which allows us to communicate freely and take into account all preferences and wishes of the customer.

Why invest in real estate in Dubai?

Dubai is the largest city in the UAE with an actively developing economy and developed infrastructure. The largest shopping and entertainment centers, the world's tallest skyscrapers, unique architecture, lack of seismic activity and a calm political environment make the city a center of attraction for tourists and migrants from all over the world. Investment in Dubai's real estate market is increasing by 15% annually. The high demand for the purchase of apartments leads to a steady increase in the value of real estate. The most popular areas are Palm Jumeirah, Dubai Marina, MBR City, Downtown Dubai. Real estate in Dubai is popular among the citizens of Pakistan, India, and the Great Britain.

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15% Investment in Dubai' real estate market is increasing by 15% annually. The high demand for the purchase of apartments leads to a steady increase in the value of real estate.
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Thus real estate in Dubai purchased for investment, relocation or recreation purposes will be a reliable asset with the possibility of obtaining high returns.

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85% Almost 85% of population in Dubai rents apartments, that bring its owners a passive income of up to 5-10% annually.

Thus real estate in Dubai purchased for investment, relocation or recreation purposes will be a reliable asset with the possibility of obtaining high returns.

Popular questions about Dubai
Frequently asked questions about Dubai


A residence permit in the UAE — is a Residence Visa (not a citizenship), issued for a period from 1 to 10 years depending on the grounds for issuing. This type of visa could be granted to foreigners who purchase real estate, launch a business, or those who have found legal employment or have been accepted into an educational institution.


A golden visa is a long-term resident visa intended to attract investors, entrepreneurs, highly-skilled professionals, scientists, talented individuals, students and graduates with outstanding academic performance to the UAE.


A golden visa could be granted for purchase of a property worth more than 2,000,000 AED (550,000 $) or launching business. A golden visa could also be granted to scientists and high-quality employees, talented cultural and sports figures, public activists.


Real estate in Dubai and other emirates of the UAE is not subject to taxation. But citizens must pay special charges and fees for registration and transfer of ownership and also pay for the building maintenance.


As usual, additional (regular) fees are required:






  • Maintenance fees (security, cleaning, maintenance of the recreation zones, swimming pools, etc.);





  • Utility fees (electricity, water, gas, air conditioning);





  • Additional services — Internet, telephone, etc.






Individuals — citizens and residents — do not pay income tax in the United Arab Emirates. They are also exempt from taxes on interest, dividend, royalty, wealth, luxury, inheritance, gifts, and capital gains.


There is no any car tax in the UAE, but a registration fee should be paid. The fee is payable once at the time of car purchase. If a new car is purchased, the buyer’s fee should be paid by the seller.


Real estate in Dubai and other emirates of the UAE is not subject to taxation. But citizens must pay special charges and fees for registration and transfer of ownership and also pay for the building maintenance.


According to the current legislation, any real estate owner in the Emirate of Dubai has the right to rent out his property for a period of not less than 1 year.


In order to rent out your property for a short-term a special permit is required, which can be obtained online.


The list of accepted currencies depends on the particular developer, but, in general, when you purchase a real estate in Dubai any major currencies could be used.


Online payment (cards), money and bank transfers, cash payment and crypto transfers are possible. The method depends on the on the particular developer selling you a real estate.


In case a landlord is not a resident, a cheque could be cashed at the issuing bank provided that it does not have double-line notation, otherwise this cheque could only be deposited directly into a private bank account. Residence visa does not affect your ability to receive rental payments. The first thing you need is a passport proving your identity. The spelling of your name in your passport and cheque is to be checked, so it should be identical.


A non-resident could still open a bank account, but the procedure is much more complicated in comparison with 2013−2016.


If the cheque is issued to a company’s name (not to an individual’s name), the money could be deposited only to the company’s bank account in the UAE.


! Please note that an issued cheque is negotiable for six months from the date written on it, after which it becomes stale-dated.


!! Please contact UAE-Consulting.com, if you need any assistance with opening of a bank account in Dubai. Where once it was possible to open a bank account in one day, starting from 2017 bank procedures in the UAE have changed and are still changing. It is recommended to consult professionals.


!!! If you prefer to receive passive income from rental properties and not to spend your time on day-to-day operations, you can use a real estate agency to manage and rent out your apartment in the UAE. In this case, the cheque could be issued in the name of a legal entity (real estate agency), which is engaged in renting out, and then the real estate agency transfers or hands over cash to the landlord. It is very important to choose a company you trust and feel comfortable to work with.


A cheque — is a payment guarantee, which is considered to be a financial obligation to pay the amount specified in the cheque in the name of the person named in the cheque. In other words, it is the money you will get with a delay. The date when the cheque could be cashed at the bank is indicated right on it. Cheques with future dates could not be cashed earlier than the specified date, but could be cashed later than the specified date if it is no later than 6 months from the cheque’s issuance date.


To cash a cheque, a landlord should present it to the bank. Issuing of unsecured cheques is considered to be illegal in the UAE. When issuing a cheque it is possible not to have enough money in your account, but you should make your best efforts to ensure the required amount is in your account when the cheque will be cashed. This measure is a way to protect landlords and a convenient deferred payment tool for tenants.


Often, there is a special provision included in contracts providing what is to be done if the cheque is unsecured or rejected by the bank (usually, a penalty amount is indicated). A cheque may not be accepted if the signature on the cheque does not match the signature of the account holder, for example, or if the cheque itself is filled out incorrectly.


Be sure to check the spelling of the name on the cheque, it must match the name on your passport, otherwise the cheque will be rejected.




Regardless of the Emirate, property rentals should be paid in advance for the entire term (most often half a year/year in advance). All settlements are conducted using bank cheques. Payment could be made by one cheque for the entire period (e.g., one year) or by several cheques throughout the period (e.g., a cheque per month), depending on contractual arrangements.


Step 1. The landlord finds a tenant


Step 2. The two parties enter into a lease agreement which contains as follows: (a) the annual rental rate; (b) the procedure for settlements; © the term of lease; (e) the terms of prolongation of the agreement; (f) the procedure for reimbursement of the real estate maintenance and operation costs; (g) the liability of the parties in case of failure to comply with the terms of the agreement


Step 3. At the time of signing the agreement a tenant pays the total rental fee (using deferred payment cheques) and a security deposit (generally in the amount of 5% of the annual rental rate).


Step 4. Upon completion of payments a tenant receives the keys to the apartment, the access cards to the house / gym and common areas, the copies of documents necessary to activate utility services (power and water supply, air conditioning, telephone, Internet) including the landlord’s passport, the Certificate of Ownership (Title Deed), the Emirates ID of the landlord and the landlord’s residence visa as well as other specified documents if necessary.


By the law of the Emirate of Dubai since 2012 all lease agreements are subject to an official registration in the Ijari / Ejari system (after the Arabic ‘Ejari' - ‘my lease') affiliated with the Real Estate Regulatory Authority (RERA). Although the service has its own app, the registration applicant shall appear in person. A special Ejari Certificate with a unique barcode shall be issued to confirm the registration.


Both the landlord and the tenant may appeal for the registration of a lease agreement, but it is the owner of the apartment who is obliged to do it by law. Currently the corresponding fine amounts to AED 50,000.


Moreover in the event the parties don’t provide for the binding registration they are not entitled to apply to the State authorities, for instance to a special Rental Dispute Settlement Committee for protection of their rights and interests or resolution of the disputes.


Specifically in Abu Dhabi the system for registering lease agreements is called ‘Tawtheeq' while in the Northern Emirates the registration is executed simply at the Municipal Offices.


A real estate lease contract in Dubai, the UAE, can only be concluded with an individual or an entity that (a) has resident status in the Emirates; or (b) with an individual who is a citizen of the UAE; or © with a citizen of a country that is a member of the Cooperation Council for the Arab States of the Gulf (CCASG).


An individual is recognized as a resident if he/she holds a UAE resident visa and a UAE identity card (Emirates ID).


An entity is recognized as a resident if it is registered in the territory of the Arab Emirates regardless of the emirate and the form of registration: it can be a tax haven, a free economic zone (freezone) or a local company.




There are no restrictions on establishing the certain amount of rentals in the UAE. The main condition for this is the registration of lease contract in the system of the Real Estate Regulatory Authority (RERA), which is called Ejari (from the Arabic «ejari» — «my lease «). An Ejari certificate is issued as confirmation.


At the same time, there is a direct restriction on the quantitative increase of rentals at the renewal of the real estate lease contract. The increase size of the rentals should not exceed the indexes of the RERA, which reflects the average rates by districts.


Compared to residential real estate, the commercial real estate market is less attractive. At the same time, commercial real estate can bring a higher income (up to 15%), but it strongly depends on many factors: the type of real estate, its location, and the cost of maintenance.


Depending on the type of real estate, its location and the cost of maintenance, the overall average earning yield on real estate in the Emirates at present is from 2.5−10% per annum.


It is also worth considering that more expensive and premium real estate is more difficult to rent out compared to typical housing, respectively, the return on investment is lower.


According to Law No. 26 of 2007 «On the regulation of relations between landlord and tenant» and Law No. 33 of 2008 amending Law No. 26, any property owner in the territory of the Emirate of Dubai has the full right to rent out his property. The common practice in the Emirates is to rent out for a year ahead with renewal.


Any owner also has the right to give the apartment to the management of the real estate agency, which will save time on interaction with tenants and solve related problems.


Step 1: The potential buyer determines the choice of the object.


Step 2: The buyer and the seller sign a S&P (Sale and Purchase Agreement), which must include the following information:






  1. The total amount of the transaction in figures and letters;





  2. A list of all additional fees and charges (real estate agency fee / payment to developer/refund of deposit, etc.) indicating who pays for what;





  3. The date by which the transaction must take place and the procedure of penalty payment;





  4. The procedure of settlements between the parties;





  5. Responsibilities of the parties, in case of breach of the contract;






Step 3: At the time of signing the sale and purchase agreement, the Buyer, expressing his intention, makes a deposit of 10% (ten percent) of the total value of the real estate acquired.


Step 4: The Seller receives special permit from the developer — NOC (No Objection Certificate) to sell the real estate. This document will be required at Step 5.


Step 5: The Seller and the Buyer meet at the Land Department or at the Dubai Land Department Trustee Office. The real estate object is re-registered, and the money is transferred (usually in a Check Manager video). The transaction is recorded in the Land Department’s blockchain registry, and the Title Deed is re-issued, i.e., the document that establishes and certifies ownership of the real estate.




The service fee includes costs associated with: cleaning and maintenance of communal spaces (halls, landings, garbage chute, surrounding area, garbage removal); cleaning and maintenance of public access sites (elevators, pool, gym, parking lots, rest rooms), security costs and other costs when the need arises.


The fee is paid either once a year or twice a year (depending on the project). The average service fee ranges from $ 25 to $ 85 per square meter.


The owner of the real estate is responsible for the timely payment of fees to maintain the building and communal spaces in proper condition. These fees are paid by all owners and are called either Maintenance fees or Service Charges. They are essentially the same thing; it is just a difference in terminology. The amount of fees is determined by the corresponding Maintenance Company, which is also called a Service Company. If the building has an Owners Association, it is the Association that appoints the Maintenance Company and determines the fees.


There is no tax on purchasing, owning, and managing (renting out) of the real estate within the jurisdiction of the UAE.


Fee No.1. 4% (four percent) of the real estate value. This is the fee required to be paid to the Land Department for conveyance in the UAE from one person to another.


Fee No. 2. 4,000 AED (four thousand dirhams), which is equivalent to approximately 1,100 USD, must be paid to the Dubai Land Department Trustee Office.


Fee № 3. ~400 AED (four hundred dirhams), which is equivalent to approximately 110 USD, must be paid to the Land Department for the issuance of an updated Title Deed.


All procedures for registration and registration of ownership of residential and commercial real estate are handled by a special body, which is called the Land Department in the Emirates. Since the UAE is a federative state, each emirate has its own separate land department, so, for example, in Dubai it is the Dubai Land Department. Since May 2018, all real estate ownership rights have been registered in the blockchain registry. As a supporting document, the owner is issued a Title Deed, i.e., the document that establishes and certifies ownership of the real estate.


It is possible to register both secondary market objects (ready objects) and primary market objects, and even off-plan. All off-plan projects are registered in the Uqood system of the Land Department (from Arabic «oqood» — «contracts»), and as a confirmation of the owner is given the Initial Contract of Sale.


Contracts of lease in Dubai are registered in the system of the RERA, which is called Ejari. As confirmation, the tenant is issued an Ejari certificate.


Foreign citizens, regardless of their citizenship, have the right to acquire, own, and dispose of the real estate at their discretion in specially allotted areas — freeholds. The full list of freehold areas is defined by the Regulation of the Ruler of Dubai number 3 dated 2006 (downloadable in the UAE Laws section). The most popular districts among the buyers include such areas as Dubai Marina, The Palm Jumeirah, JLT-Jumeirah Lakes Towers, Downtown Dubai, and others.

Contact details

Image Office in Dubai

Phone

+971-312-27-06 Book a call

E-mail

info@stayproperty.ae

Address

Sobha Hartland, Dubai,
United Arab Emirates