What is a property transfer fee in Dubai?

You can get a two-year visa when you purchase a property in Dubai that is: Completed and handed over to you. Worth a minimum value of one million dirhams.

Note 1:

This one million does not include the closing cost. You can read about the closing cost and other fees of buying a property in Dubai in this article.

Note 2:

If you decide to get a visa after few months from buying the property, then the purchase price will not be considered. You should conduct a property valuation, and the result of this valuation should be AED 1,000,000 or more to be eligible to get the visa. The valuation considers few factors e.g, the value of the last 10 sales transactions within last 3 years, the current market property listing prices, the condition of the property, and others…

With the new long-term visa, for investors who invest in property value of AED 5 million or more, a 5-year visa is granted. The renewable 10 year-long visa is for investors setting up start-ups, businesses or branches of their companies of valued AED 10 million or more as long as non-real estate investments are not less than 60% of the total investment. It also applies to spouses and children, with conditions. The UAE announced a new law that provides a 5-year residency visa for retired expatriates with the possibility of renewal for those who wish to stay longer.

Expatriates over 55 years of age are eligible if they have an investment in a property worth AED 2 million, have a minimum of AED 1M in savings, and an active income of at least AED 20,000 per month.

Disclaimer:

Please read this disclaimer carefully before using the information presented in the blog texts of our website.
The content provided in the blog texts on this website is for informational purposes only and is not intended to constitute professional advice in any way. We endeavor to provide content that is current and accurate; however, we do not warrant or guarantee the timeliness, accuracy, or completeness of the information provided.
The information available through the blog texts may become outdated over time. We are under no obligation to update any content or to reflect any changes, developments, or updates. The website and its content are provided on an “as is” basis without any warranties of any kind.
By using this website and its content, you acknowledge that you are doing so solely at your own risk. We shall not be liable for any reliance by you on any information obtained from this website, nor will we be liable for any direct, indirect, incidental, consequential, or punitive damages arising out of your access to, use of, or inability to use this website, or any errors or omissions in its content.
This disclaimer applies to the fullest extent permitted by law, and shall survive any termination or expiration of this agreement or your use of this website or its content.
Remember, the information and content provided in our blog texts are not intended to be and should not be construed as financial, legal, or any other type of professional advice. Always seek the advice of an appropriate professional with any questions you may have regarding a particular situation or condition.
By continuing to use this website and reading its blog texts, you agree to be bound by the terms of this disclaimer. If you do not agree with the terms of this disclaimer, please do not use our website or read its blog texts.