With developments under construction nearing completion and more properties being announced, it is clear that the property market in the UAE is developing at a rapid pace. Arabian Ranches 2 and 3, Dubai Hills, Akoya by Dimac, and Emaar South are some exciting new neighborhoods that will provide tishare more choices for accommodation seekers.
Set on over 11 million square meters of land, Dubai Hills Estate is a high-end, lifestyle-focused master development by Emaar Properties and Meras Holdings. In addition to golf course views, Dubai Hills Estate will feature a flagship mall, high-end shopping malls, low-rise and mid-rise residences, hotels, and serviced apartments.
Dimac’s most prominent development, Akoya, is a fully self-contained community that emphasizes a quiet lifestyle and green living away from the bustling city but with easy access to business and entertainment hubs. Set around an international golf course, each group of residences has communal pools and playgrounds, with beautifully landscaped streets and parks.
As an off-plan project, these come with great deals to invest in now and enjoy for years. Find luxury villas to be prepared as you browse your options to choose your dream home.
How is buying luxury villas for sale in Dubai?
Buying property in Dubai comes under the Dubai Land Department (DLD). You must pay your broker 2% of the property value as compensation for his services. DLD charges a transfer fee of 4%, of which 2% is borne by the buyer and 2% by the seller.
On the day of transfer, AED 250 must be paid as a title deed issuance fee. To complete property registration with DLD, you must pay a registration fee of AED 4,000 if the villa is worth AED 500,000 or more or AED 2,000 if the house is worth less than AED 500,000. This happens after all the money is transferred to the seller.
If you have a mortgage on the property, you will also have to pay DLD a mortgage registration fee, which is calculated at the rate of 0.25% of the registered loan amount.
Mortgage buyers of completed properties in Dubai must pay the seller a deposit of 25% for foreigners and 20% for UAE nationals. The bank can finance the remaining amount. A minimum 25% down payment is required for foreign buyers, so you’ll need to save or raise that amount before starting the process.
Before you start looking for your new home, it’s essential to research your finances and affordability. Involve your family in the decision-making process. Take the time to consider why you’re buying and whether it’s right for you – financially and otherwise.
FAM Properties offers a wide selection of villas in Dubai, including new and resale properties. These villas are located in various communities and neighborhoods in Dubai, such as Dubai Marina, Jumeirah, Palm Jumeirah, Arabian Ranches, and many more. They also offer a variety of styles, sizes, and features, including modern and traditional designs, private gardens, swimming pools, and more. The prices of these villas can vary depending on the property’s location, size, and features. Still, FAM Properties can help clients find suitable Villas for Sale in Palm Jumeirah to fit their budget and preferences. They have a team of experts who can guide you through the process of buying a villa in Dubai and can assist with everything from property inspections to legal paperwork.
Where is the best area to buy a villa in Dubai?
Palm Jumeirah is one of his most sought-after areas for villas for sale in Dubai. The luxury destination is renowned for its stunning waterfront views and state-of-the-art amenities. Home to some of Dubai’s best luxury resorts, more than 80 restaurants, lounges, and other attractions, it’s a hotspot for many locals and ex-pats alike.
Emirates Hills is also great for families. Emirates living’s flagship community of luxury condominiums ranges from 12,000 to 45,000 square feet. The community boasts wide, quiet tree-lined streets and stunning landscaping, with most properties overlooking Montgomery’s championship-quality fairways and greens of the Emirates Hills Golf Course. With 17 lakes and three large landscaped parks, it’s perfect for walks and family fun.
Who can buy a villa in Dubai?
Dubai’s property market is open to people of all stylishster nationalities and backgrounds, including domestic and foreign investors. However, one thing to keep in mind when looking for a home is whether the area in which you want to buy a home offers leasehold or freehold.
Buying a villa in Dubai is very easy. Verify your identity by presenting the buyer’s valid passport. No residence permit is required to qualify. Suppose you need to stay in the country to complete the buying process. In that case, you could opt for a six-month visa called the Property Holder Visa, explicitly introduced by the UAE government for property buyers. The property purchased must be worth at least one million dirhams to be eligible for a visa.