Frequently Asked Questions

What is freehold property?

Freehold property is any estate which is “free from hold” of any entity besides the owner.

Hence, the owner of such a property enjoys free ownership for perpetuity and can use the property for any purposes however in accordance with the local regulations.

The owner of a freehold title of real estate enjoys the most superior form of private property ownership.

A freeholder is considered to be the absolute owner of the land and buildings comprised in his title; he has the right to occupy, use and enjoy his property forever (“in perpetuity”) or until he transfers the title to a new owner, and his heirs are entitled to inherit his title upon his death.

What is a property transfer fee in Dubai?

A transfer fee is payable if you transfer your property to someone else. It is an administrative charge levied by the primary developer.

Can I get a golden visa when buying a property in Dubai?

Yes, you will be eligible for golden visa by purchasing real estates at a minimum value of AED 2 million.

Do I have to pay tax on Dubai property if I am resident abroad?

No, you don’t have to pay tax if you are a resident abroad.

You only pay if the property is designed for living in, such as your own home, and student and employee accommodation. Then it is considered residential and exempt for VAT purposes. However, 5% VAT applies to commercial properties.

Is homeowner (mortgaging) financing available on freehold properties?

Yes, Home financing is available on all Nakheel real estate projects from Nakheel’s home finance subsidiary, Tamweel, and on Emaar projects from Emaar’s home finance subsidiary, Amlak. Mashreq Bank also offers mortgages.

RAK Bank offers mortgages only once the project is completed. A range of other banks and finance institutions are starting to offer mortgages as well.

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