Can foreigners buy property in Dubai with 100% ownership?
Yes, foreigners can own 100% freehold property in designated “freehold areas,” which include popular locations like Dubai Marina, Downtown Dubai, Palm Jumeirah, and Business Bay.
What are the upfront costs when buying a property in Dubai?
Aside from the property price, you should budget for the 4% Dubai Land Department (DLD) transfer fee, a 2% agency commission, and a trustee registration fee (approx. AED 4,200).
What is the Golden Visa and how do I qualify for it?
The Golden Visa is a renewable 10-year residency visa. To qualify through real estate, you must own a property (or multiple properties) with a total value of at least AED 2 Million, and the property can be mortgaged if specific equity requirements are met.
Do I need to be in Dubai to buy or sell a property?
No, you do not need to be physically present. We can facilitate the entire transaction remotely using a Power of Attorney (POA) to sign documents and complete the transfer on your behalf.
Is there any property tax in Dubai?
No, there is no annual property tax in Dubai. There is only a one-time transfer fee of 4% paid to the Dubai Land Department when purchasing the property.
Can I get a mortgage as a non-resident investor?
Yes, international investors can typically obtain a mortgage of up to 50-60% of the property value, while UAE residents can often borrow up to 80%.
What is the difference between Off-Plan and Secondary Market properties?
Off-plan properties are purchased directly from a developer during construction, often with flexible payment plans. Secondary market properties are ready-to-move homes bought from an existing owner.
How long does it take to set up a new company in Dubai?
The timeline depends on the jurisdiction (Mainland vs. Free Zone), but with HELPMATE, most standard trade licenses can be issued within 3 to 5 working days.
Can I sponsor my family for residency after buying a property?
Yes, once your own investor visa (2-year or 10-year Golden Visa) is issued, you can sponsor your spouse, children, and parents for residency, provided you meet the salary or income requirements.
What is an NOC and why do I need it?
A No Objection Certificate (NOC) is a document from the developer confirming that all service charges and bills are paid. It is mandatory to sell any property in Dubai.
Can I buy property in Dubai using cryptocurrency?
Yes, many developers and licensed trading partners now accept cryptocurrency payments. We can guide you through the compliant process to convert digital assets for your property purchase.
What is the expected Return on Investment (ROI) in Dubai?
ROI depends on the area and property type, but Dubai generally offers high yields compared to other global cities, typically ranging from 5% to 8% annually for long-term rentals, and often higher for short-term holiday homes.
Do you offer property management services if I live abroad?
Yes, HELPMATE offers full property management. We handle tenant screening, rent collection, maintenance, and contract renewals so you can enjoy a passive income.
What is the difference between Freehold and Leasehold?
Freehold grants you full ownership of the property and the land forever. Leasehold grants you the right to use the property for a long period (usually 99 years), but ownership reverts to the landlord at the end of the lease.
Can HELPMATE help me open a corporate bank account?
Yes, as part of our Business Setup services, we assist with the entire corporate banking process, guiding you through the compliance requirements and introducing you to our banking partners.