Y's Consultancy
Dubai Real Estate Investment / Purchase Q & A
Dubai Real Estate Investment / Purchase Q & A
When you really want to buy a real estate property in Dubai, many customers will have a lot of questions.
Therefore, you should contact a local real estate expert who is familiar with the local situation to get important information.
Many Dubai real estate agents have no knowledge of Dubai real estate, and there are many cases of trouble after purchase. Dubai's real estate investment laws and business practices are completely different from those in Japan.
Therefore, you should contact a local real estate expert who is familiar with the local situation to get important information.
Many Dubai real estate agents have no knowledge of Dubai real estate, and there are many cases of trouble after purchase. Dubai's real estate investment laws and business practices are completely different from those in Japan.
Things to know when buying Dubai real estate
1. What is the appeal of Dubai real estate?
Moreover, it is one of the safest cities in the world and is said to be safer than Tokyo. Another advantage is that fees are lower than real estate investment in other countries such as the United States.
2. Can a Japanese foreigner buy real estate in Dubai?
Okay. Even non-resident Japanese can buy real estate in Dubai. The UAE is an open country and welcomes foreign investors.
Dubai is an emerald green resort facing the Arabian Gulf and a well-balanced city on and off that is also the center of business in the Middle East.
There are many world-famous real estate properties such as the world's tallest skyscraper'Burj Dubai'and the palm tree-shaped artificial island'Palm Jumeirah'. It is also a big attraction that there is no tax on purchase, property tax, etc., and there is no tax on income at the time of operation.
Moreover, it is one of the safest cities in the world and is said to be safer than Tokyo. Another advantage is that fees are lower than real estate investment in other countries such as the United States.
2. Can a Japanese foreigner buy real estate in Dubai?
Okay. Even non-resident Japanese can buy real estate in Dubai. The UAE is an open country and welcomes foreign investors.
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3. 3. Are there any government regulations?
Four. I heard from a Japanese-speaking tourist guide, can I get a visa (stay permit) when I buy a property?
You can conditionally obtain a two-year resident visa.
As of 2017
There is none. You can bring your investment funds into the UAE without any restrictions. However, foreigners can only buy properties in the area called "Freehold".
Laws on buying and selling real estate vary from emirate to emirate. Popular emirates for investment are Dubai, Abu Dhabi and Ras Al Khaimah.
Four. I heard from a Japanese-speaking tourist guide, can I get a visa (stay permit) when I buy a property?
You can conditionally obtain a two-year resident visa.
As of 2017
- Registered with the Real Estate Bureau as a real estate owner.
- It is a property of 1 million dirham (about 27 million yen in Japanese yen) or more.
- At least 10,000 dirham salary proof. Any country is OK.
- I cannot work in the UAE with this visa
If you meet the above conditions and register as a "real estate investor" with the Dubai Economic Affairs Bureau, you will be issued a visa valid (renewable) for 2 years.
* Please note that the law changes frequently in the UAE. The latest informationPlease contact us..
Five. How much is 1 tsubo of land in Dubai?
In Dubai, I don't know because there is no official land price or land price. Foreigners cannot buy land other than Freehold.
Even if you are on Freehold, you can buy subcontracted developers / agents who are connected to government developers. Be careful not to get caught in a wilderness scam that claims to buy land in Abu Dhabi, Dubai.
6. I would like to buy a villa with a pool, how can I find a good property?
There is no real estate association or joint brokerage system in Dubai, so some agents have good properties and some do not, and if it is not an off-plan property, the price will start at the seller's asking price, so make a smart investment It requires a great deal of knowledge. It's best to consult with a trusted local expert to find a good real estate property specially.
7. 7. Does the buyer pay the commission to the real estate company?
In Dubai, there are various cases where a real estate agent intervenes (direct from owner property) and the seller has an agent (agent), so there are no fees. The real estate agent fee is usually 2%. In addition to the fee, there is a 4% registration fee with the Dubai Real Estate Authority.
8. 8. When you want to buy a house or a condominium, do you meet and negotiate with the owner in person?
In some cases, negotiations between the seller and the buyer and procedures for the transfer of property rights are generally carried out through the seller and the buyer's agent (Power of Attorney) or a real estate agent. This means that in the case of resale, all buyers, sellers and developers (and even building owners) need to be at the same procedure table, but in Dubai, where there are many foreign owners, it is difficult to meet on the same day and it is a substitute There are many cases where people are used. In addition, by having an agent perform rental operations, the property owner does not have to come to Dubai when making a rental contract.
9. How do I pay for real estate when I buy it? Do you pay to the seller's bank account like in Japan?
In the Emirates of Dubai, escrow companies handle real estate transactions for off-plan properties. For resale properties, of course, you can pay to the seller's bank account, but generally no such transition is done. For security, it is customary to use a check during the transfer procedure.
Ten. Do you pay real estate acquisition tax and consumption tax / value added tax?
* Please note that the law changes frequently in the UAE. The latest informationPlease contact us..
Five. How much is 1 tsubo of land in Dubai?
In Dubai, I don't know because there is no official land price or land price. Foreigners cannot buy land other than Freehold.
Even if you are on Freehold, you can buy subcontracted developers / agents who are connected to government developers. Be careful not to get caught in a wilderness scam that claims to buy land in Abu Dhabi, Dubai.
6. I would like to buy a villa with a pool, how can I find a good property?
There is no real estate association or joint brokerage system in Dubai, so some agents have good properties and some do not, and if it is not an off-plan property, the price will start at the seller's asking price, so make a smart investment It requires a great deal of knowledge. It's best to consult with a trusted local expert to find a good real estate property specially.
7. 7. Does the buyer pay the commission to the real estate company?
In Dubai, there are various cases where a real estate agent intervenes (direct from owner property) and the seller has an agent (agent), so there are no fees. The real estate agent fee is usually 2%. In addition to the fee, there is a 4% registration fee with the Dubai Real Estate Authority.
8. 8. When you want to buy a house or a condominium, do you meet and negotiate with the owner in person?
In some cases, negotiations between the seller and the buyer and procedures for the transfer of property rights are generally carried out through the seller and the buyer's agent (Power of Attorney) or a real estate agent. This means that in the case of resale, all buyers, sellers and developers (and even building owners) need to be at the same procedure table, but in Dubai, where there are many foreign owners, it is difficult to meet on the same day and it is a substitute There are many cases where people are used. In addition, by having an agent perform rental operations, the property owner does not have to come to Dubai when making a rental contract.
9. How do I pay for real estate when I buy it? Do you pay to the seller's bank account like in Japan?
In the Emirates of Dubai, escrow companies handle real estate transactions for off-plan properties. For resale properties, of course, you can pay to the seller's bank account, but generally no such transition is done. For security, it is customary to use a check during the transfer procedure.
Ten. Do you pay real estate acquisition tax and consumption tax / value added tax?
Real Estate Acquisition Tax = Dubai Real Estate Authority Registration Fee: 4% of the property price will be paid to the Emirate. There is no VAT on the purchase of residential properties. A 5% tax is levied on the purchase and sale of commercial real estate. There is no property tax or inheritance tax.
11. Can I get a mortgage in Dubai? I have a lot of income in Japan, but not in Dubai at all.
Currently, Dubai banks do not lend to non-residents except for nationals from some countries (such as the UK and India). However, there is a possibility that the door will be opened from the lenders under the developer.
12. Can I rent my condo?
Of course you can. Please contact Wise Consultancy.
13. Do you pay taxes on your rent income?
There are no taxes on the UAE government.
The cost is a maintenance fee / service charge paid to the developer every year. Rent income is not taxed in the UAE, but if your country of residence is Japan, you are obliged to pay tax in Japan.
Currently, Dubai banks do not lend to non-residents except for nationals from some countries (such as the UK and India). However, there is a possibility that the door will be opened from the lenders under the developer.
12. Can I rent my condo?
Of course you can. Please contact Wise Consultancy.
13. Do you pay taxes on your rent income?
There are no taxes on the UAE government.
The cost is a maintenance fee / service charge paid to the developer every year. Rent income is not taxed in the UAE, but if your country of residence is Japan, you are obliged to pay tax in Japan.
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Wise Dubai Useful Information
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Living in the world in Dubai A blog that roughly describes the days of our consultants. Irregular updates.
List Item 1 -
Dubai Area Guide (Freehold) Information on areas where real estate sales are open to foreigners.
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Dubai Free Zone Guide Information about special economic zones (free trade zones) currently located in the UAE.
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Dubai For Sale Real Estate Inventory Dubai Real Estate Introduction / Property List Introducing real estate properties in Dubai.
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Dubai luxury car inventory Dubai Luxury Cars / Parallel Import / Export Car List Introducing luxury cars that can be purchased cheaply in Dubai.
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Dubai Exhibition Schedule A page that introduces the largest exhibition in Dubai in the Middle East.
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