FAQ
FAQ
Frequently Asked Questions
What are the benefits of purchasing a property directly with the developer?
When purchasing a property directly from the developer there are no outside agents. The buyer deals directly with the developer’s in-house sales agents, eliminating additional costs and preventing miscommunication from occurring. There is less opportunity for mistakes, delays, and biassed opinions.
What is off-plan?
An off-plan property is an unconstructed property. The property is yet to be built or is in the preliminary stages of construction.
Can I apply for a home mortgage for an off-plan development?
Yes, It is possible to obtain a mortgage to finance your off-plan property purchase, subject to meeting the individual requirements of the financial institutions.
Is the reservation fee refundable?
No, the reservation fee is not refundable.
Can I get a residency visa if I purchase a property in Dubai
Yes, it is possible to obtain a residency visa in Dubai by purchasing a property.
The United Arab Emirates (UAE) government has implemented several programs that allow property buyers to obtain residency visas through investment, including 3, 5 and 10 year visas.
Can I sell an off-plan development before its completion date?
Yes, you can sell off-plan property before the completion date.
Is the reservation fee refundable?
No, the reservation fee is not refundable.
What documents are required to purchase a property?
Here are the documents you’ll need to secure if you’re planning to buy a property in UAE:
- A copy of the sale and purchase contract
- A copy of a valid Emirates ID
- A copy of a valid passport for non-residents