The additional costs associated with buying property in Dubai include various fees charged by the Dubai Land Department (DLD). Typical costs include:

1. Stamp duty: This fee is usually 4% of the purchase price and is typically paid by the buyer. It covers the registration of ownership and the transfer of land registry entries.

2. Settlement fees: Various fees are incurred by you as the buyer during the settlement process, such as the ‘handover fee’. However, these costs are usually manageable.

3. Estate agent’s commission: When buying property in Dubai, an estate agent’s commission is usually payable. This commission is normally between 2% and 3% of the purchase price. However, this applies only to existing properties, i.e. the secondary market. When purchasing an off-plan property, the commission is paid by the developer

In our view, this is the most important consideration when buying a property. It is essential to define your objectives or investment strategy in advance. You should then look for the right developer, with the right project, in the right location and with a suitable payment plan (there are many differences here).

The quality of construction, reliability and the management of your property are crucial; only then can one speak of a sustainable investment that will appreciate in value.

In addition to our expertise in the property market, we possess, above all, comprehensive know-how in the areas of construction quality and property management. We ensure the optimal execution of your investment and provide additional legal safeguards through our German-speaking legal advisory and transaction management services.

Yes, when you buy a flat in Dubai, it can be purchased either under the ‘leasehold’ or ‘freehold’ model. Under the leasehold model, you acquire the right to use the property for a fixed term, which is usually 99 years. When the leasehold expires, the contract can generally be renewed. Under the freehold model, however, you acquire unrestricted ownership of the property. This means that the flat belongs 100% to you and you have full control over it. It is important to distinguish between these two models, as they entail different rights and conditions.

Prices for flats in Dubai vary greatly. They depend on factors such as location (proximity to specific areas or attractions), size, year of construction and the flat’s amenities. These go far beyond a bathroom, a bedroom with a bed or a private parking space. Properties in Dubai usually offer a wide range of options for socialising, entertainment and shopping in the immediate vicinity. Amenities may include access to a gym, a dedicated laundry service, a lounge area, a clubhouse, a barbecue area, a sun deck, an outdoor yoga area, a children’s playground and even a private cinema. Generally speaking, you can purchase an apartment from around USD 170,000. However, for luxury properties in prime locations, the purchase price can run into the millions.

The property market in Dubai is characterised by dynamic growth, and it holds its own on the international stage in terms of innovation, infrastructure and luxury offerings. It is an attractive market for investors worldwide.