Dubai’s key location, low operating costs and excellent infrastructure create an ideal investment climate. trade, transport, tourism, technology and finance have shown steady growth and given the economy a high degree of expansion and diversification. Dubai is in the northeast of the united arab emirates (uae). it shares borders with abu dhabi in the south, sharjah in the northeast, and the sultanate of oman in the southeast. in the west, its coastline borders the Persian Gulf.

Why choose dubai as an investment location?

Dubai is the region's leading multi-purpose business centre and regional trading hub, and one of the world's foremost emerging markets. it offers low operating costs with world-class facilities and infrastructure and a stable, business-focused and diversified economy.

Dubai's key advantages
Dubai’s strategic location forms a gateway to an emerging market with a strong commercial tradition, rapidly developing as a base for both manufacturing and foreign trade. it is politically and economically stable, with an open, liberal economic system and world-class infrastructure and services. it has very competitive operational costs, yet offers a high standard of living.

Strategic location
Dubai is midway between the time zones of europe and the far east, and the cis and africa. it is served by over 120 shipping lines and 85 airlines and has trading links across 179 states. the uae is the world's third-largest export and re-export centre, after hong kong and singapore.

Political and Economic stability
The uae is a low-crime, politically and financially stable country. its well-developed, sophisticated banking system features extensive credit facilities and ample liquidity and the open economy is welcoming to investors. 100% repatriation of capital and profits is permitted and foreigners are permitted ownership rights.
world-class infrastructure and services

                       Dubai has invested heavily in transport, telecommunications, energy and industrial infrastructure. this includes world-class seaports, an international airport and state-of-the-art telecoms, power and utilities, with a sophisticated service sector.

Companies setting up in dubai will find costs are extremely low, due to:

High quality of living
 
You will find high-quality hotels, residential and commercial properties, and recreational facilities. excellent infrastructural facilities combine with low crime, modern public administration and an atmosphere of tolerance and cultural diversity.

Foreign Ownership in UAE

In march 2006 the government of dubai implemented a new property law, law number 7, which is expected to boost all sectors of dubai's real-estate market. it allows foreigners freehold ownership rights in dubai propert.

While it's expected that the residential market will benefit most from the change in the freehold and lease-hold laws, , now that one of the last objections to investing in dubai property by non-nationals has been eliminated.

The dubai government announced its intention to change property laws in 2002, which stimulated foreign investment into designated freehold projects developed by three state-owned real estate groups -- emaar, nakheel and dubai properties.

Now, foreigners given the deeds to their land and can register ownership with the dubai lands  department. they are also able to transfer property ownership directly without having to go through the developer.

Firms offer residential loans that are guaranteed by the property developer with mortgage rates of 7.5 percent 6.9 percent respectively, but interest rates have remained high since conventional mortgages are secured with a deed of ownership

Can i buy a home in dubai?

The new opportunity: sheikh mohammed’s announcement was welcomed by the many thousands of expatriate residents of dubai and frequent overseas visitors, who had grown to love the united arab emirates and admire the remarkable infrastructure and opportunities offered by the dynamic city state of dubai. furthermore, full rights of residency were to be offered to foreign owners of homes provided by selected leading property development companies.

Quality control: the government of dubai has ensured that high quality standards would be maintained and keen competition in the interests of buyers from the outset by granting permission to build to a carefully screened selection of highly competent and financially strong organizations. in this way, it was ensured that the expectations of new homeowners could be met or exceeded.

Time-lines: as the dubai residential property scene is still very young, the majority of the homes available are newly built. in most cases, you will be buying from plan, and the property handover will take place 2-3 years later, providing ample time to organize your funding.

We embrace a new strategic Property, Leasing & Management policy to effectively meet the lack of affordable quality based property services to Landlords. To this end we are constantly pursuing skilled, professional strategies that we provide you a good return for your investment in the present competitive real estate environment.

What other costs should i consider?

Service charge: owning a new property in dubai will generally require the owner to contribute an annual service charge, which will vary, according to the level of amenities provided by the developer. within a specific community, the scale of these charges will normally relate directly to the overall floor area of your home.

Optional extras: you may also choose to customise your home to suit your specific needs and enhance its value further. for example, many people have installed a private swimming pool in the garden of their villa, or made modest modifications. permissions to conduct such modifications are generally not difficult to obtain, providing safety factors are addressed and your changes do not detrimentally affect your neighbors, their properties, or the visual amenity of the neighborhood.

What if i don’t plan to live full-time in dubai?

Absentee owners: should you intend to spend most of your time outside dubai, you need not worry about the maintenance or security of your home, as there is an extensive support infrastructure already in place. there is also a substantial residential rental market, which caters for the majority of the dubai population.

Pool services: for those owning a villa with a garden, there are many facilities management companies, providing reliable services with good value for money, which can keep your surroundings in prime condition. many families also install their own swimming pool, which can also be regularly maintained under a straightforward service agreement.

Concierge services: as you would expect, the needs of overseas owners have encouraged many full-service, property management companies to establish a presence in dubai. some of these companies are homegrown and some are affiliates or associates of international organizations. for the ultimate peace of mind, serious consideration of this “one-stop shop” option is recommended.

Which properties are eligible for registration of land department?

Properties that are:

Can any owner from any project can come and register?

The land department has started to register titles in a number of projects, you should check with the land department and your developer whether or not they are ready for registration of your property.

 If I don't register my property now, can i do it at a later stage or is there a deadline?

        Yes, you can register your property at anytime during or after the scheduled dates given.

What happens if my property is scheduled for transfer during the registration period?
Will it go under normal transfer?

The customer should first register the land and then transfer?
Transfers will still take place and each transaction will be considered as 2 different
transactions.

If i own a property in an incomplete project, when will i be able to register
the property?

        Shortly after the completion of the project and handover, customers will be notified
about the registration dates for their property.

Do i need to turn up in person for the registration process?

        Yes, or else you can authorize someone to come to register your property with a
notarized power of attorney.

A general power of attorney would do?

          If the general poa specifies the purpose, it can be accepted or else you need a specified power of attorney where it mentions that it is for the purpose of registering the propertyn at the land department. There is no uae embassy in the place where i live. how can i attest the power of attorney? the poa should be attested by a government authority in your country and then it has to be attested by the uae embassy / consulate in the same country and then the uae ministry of foreign affairs in dubai. alternatively, you can get the poa attested by your embassy / consulate in the uae and the uae ministry of foreign affairs in dubai.

Can mortgaged properties be registered?

Yes, it is possible. the land department will require the presence of the customer and
the bank representative.

My property is mortgaged. i don't have the original contract?

         You can provide the certified copy (from the financial institution)

If the property is mortgaged; do they pay the knowledge fee twice?

       Yes, the knowledge fee applies to each transaction.

If joint owners don't want to put percentages for each, how will it be done?

       The land department will distribute it equally.

Does the declaration of name ownership have to be filled by the company?

       No, it is only to be filled up by individuals. this is because the company documents will be provided at the time of registration, where there will be 100% ownership for the company.

what are the registration fees?

         The registration fees will be 1.5% of the current contract + aed 10 knowledge fee +
aed 100 site plan fee + aed 10/- knowledge fee.

why should i pay registration fees while i have paid fees to the developer when
i transferred my property?

      This fee is paid to the land department, which is applicable for the current owner to be registered.

Are there any mortgage fees?

     Yes, the mortgage fees will be 0.25% of the mortgage value+aed10 knowledge fee (which will be paid either by the customer or the bank).

How many days will it take to issue and deliver the title deed?

It will take up to 7 working days.

After the registration of the property and issuing the title deed, if I wish to sell
my property what will the procedure be?

        The customer will have to proceed with the transfer through the land department. however, the same documents that were submitted for the registration have to be submitted for verification and then emmar will issue the noc.