INVEST IN DUBAI
Real estate opportunities in a thriving economy offering high returns, tax-free income and extremely safe living standards.
Why Invest in Dubai?
Get our FREE Dubai Investment Guide packed with everything you need to explore why Dubai is such an attractive investment hub, its history, the ambitious plans for the future, economic growth, essential resources as well as FAQs about real estate in Dubai.
The world’s hottest property destination
You can Invest in stunning waterfront projects, luxury branded towers with premium amenities and exceptionally planned master communities that are still affordable in Dubai. There’s plenty of exciting real estate opportunities offering excellent ROIs, whether you’re looking for rental income or long-term capital appreciation. I provide everything you need to learn about the Dubai market to help make your next real estate investment in Dubai.
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A Unique Perspective Connecting You to Dubai’s Real Estate.
My journey into the Dubai real estate market is fueled by a lifelong passion for hospitality and an ever-growing fascination with real estate development. While I there has been a lot of activity and news recently in Dubai, I’ve personally been visiting and observing its evolution for the past several years. My background in marketing and my love for hotels naturally drew me to this vibrant market, where I see incredible opportunities for North Americans to invest.
What I bring with my local real estate experience, that I find was lacking, is honesty, exceptional service, and a deep understanding of the market dynamics as a Canadian who has embraced life in Dubai. I believe in practicing what I preach—having made the move myself, I am committed to educating prospects about the unique potential this city offers.
I strive to be your trusted resource on the ground, dedicated to navigating the complexities of the Dubai landscape. I’ve partnered up with Cielo Properties, a brokerage with over 20 years of real estate experience, ensuring that I am well-supported in providing you with the insights and guidance you need to make informed investment decisions. With Cielo, we have offices in Dubai (UAE), Toronto (Canada), and London (UK) so behind me is a very strong, diverse team with global presence to service all our clients’ needs.
Together, we can explore the diverse array of stunning off-plan developments and unique real estate opportunities that Dubai has to offer. From affordable apartments and townhouses, to luxurious branded hotel & residences, there’s a wealth of investment potential in this city. My goal is to guide you through these options, ensuring you find the perfect fit for your investment strategy or lifestyle. With a keen eye for exceptional value and a commitment to supporting your journey from start to finish, I’m here to help you take advantage of Dubai’s real estate market.
If you’re interested in Dubai, then you’re probably in one of two phases:
#1. Just Exploring Opportunities
Typically people in this group who are keen on learning more about Dubai and investment opportunities. These individuals typically have a general awareness of the exciting developments happening in the city but may feel uncertain about where to begin. You’re probably 3,6 or 9 months away from investing and are currently seeking significant education. For you, it may be too soon to discuss any specific projects, but I’m happy to provide information and answer all your questions! I encourage you to join my newsletter and also feel free to follow me on social media to stay up-to-date with everything Dubai. We can also schedule a brief call to meet and better prepare you for any future investments.
#2. Ready-to-Invest
This is for those who have done their homework and are ready to invest in Dubai, eager to explore specific real estate investments that are available now. I can bring forth exciting, lucrative projects according to your strategy & investment appetite. I invite you to book a 1-on-1 meeting, where I will present a few of the best investment opportunities currently available. You can also apply to join my VIP WhatsApp group, where I share pre-launch deals and exclusive offers. This allows you to take advantage of fantastic pre-launch opportunities directly from developers tailored to your specific investment goals.
What You Can Expect Working with Me
When you choose to invest in Dubai with me, you can look forward to a partnership grounded in loyalty, honest advice, and clear communication. I’m dedicated to understanding your goals and working tirelessly to ensure you have the information and resources needed for successful investments. With a commitment to exceptional service and a network of experts at your disposal, my mission is to make your investment journey enjoyable and rewarding.
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I thrive when collaborating with individuals who share a commitment to excellence. My ideal clients are those who:
Respect high standards and understand the value of punctuality
Value their own time and are ready to engage in meaningful discussions
Show up prepared for meetings and discussions
Are clear about their goals and what they want from their investment journey
Appreciate exceptional service and understand its impact on their experience
Value loyalty and are interested in building long-term relationships
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With this approach, I’m looking to create a partnership that not only achieves your investment goals but also fosters trust and mutual respect. In return, you can expect:
Loyalty and a long-term commitment to your success
Honest, unbiased advice tailored to your needs
A commitment to work tirelessly on your behalf, only recommending investments I would pursue myself
Clear and direct communication throughout our partnership
Impeccable service that goes above and beyond to ensure a smooth and enjoyable process
Access to a robust network of expert resources to support your investment decisions and strategies
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With my services, you won’t incur any upfront costs. I dedicate significant time and resources to provide you with education, answer your questions, and guide you through the investment process—completely free of charge. It’s vital for both of us to respect each other's time as we embark on this journey together.
The beauty of this model is that developers pay me, allowing me to focus solely on your interests without any bias towards a particular developer. My commitment is to serve you, ensuring you can explore the exciting opportunities in Dubai’s real estate market without worrying about any hidden fees. You can take advantage of my upfront support and insights, all while feeling confident in your investment decisions. I work for you, not the developers.
“Discovering Exceptional Investment Opportunities in Dubai”
Booming Market Set to Double in Size by 2040.
With the Dubai 2040 Urban Master Plan already in action, the emirate is putting all hands on deck to build the ‘best city in the world’ over the next two decades. From increasing sustainable solutions and stimulating investments, to ensuring that 60% of the region is made up of natural reserves, sustained exponential growth is very much anticipated leading to 2040.
Dubai's population is booming, with a projected increase to 7.8 million by 2040. This surge fuels real estate demand, creating a thriving investor's paradise
Dubai's government actively supports the real estate market, making it easier than ever for overseas investors to enter the scene. Enjoy benefits like relaxed visa requirements and multiple-entry options.
Lucrative Rental Market in Dubai
Tourist Paradise: Dubai's tourism industry is booming, attracting millions of visitors each year. This translates to high demand for short-term rentals, offering investors the potential for significant returns.
Population Boom: Dubai experienced a significant increase in expats over the last several years, and continues to rise, causing the economy to boom with real estate demand increasing.
Profitable Investment: The thriving Dubai short-term rental/holiday homes sector presents a lucrative opportunity for investors, driven by factors such as year-round sunshine, safety, and top-tier entertainment options.
Local Market Dominance: Despite the influx of tourists, it's UAE residents who primarily fuel the short-term rental market, offering landlords the potential for up to 20% higher income compared to long-term leasing, with occupancy rates reaching up to 80% in renowned communities.
More Regulated and Secure for Foreigners.
ESCROW mandatory for all developers - Developers must commit 20% of the project's value before selling any units.
Must provide a progress certificate to withdraw funds.
Track construction on DLD and Dubai REST app.
1 Year Defect Liability Period (DLP).
5% of project value in ESCROW during DLP
RERA penalty for non-compliance or major delay (1+ year).
Explore Specific Dubai Investment Opportunities
Book a 1-on-1 video call with me to discover why Dubai is one of the hottest property markets in the world. During our conversation, I’ll provide a thorough overview of what makes Dubai such an attractive investment opportunity, explore your investment goals and review specific investment opportunities.
FAQs
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Yes, foreigners can buy property in Dubai in designated freehold areas. Freehold ownership means that buyers have complete ownership of the property and the land it stands on.
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Dubai does not impose property taxes, capital gains taxes, or inheritance taxes. Only, a 4% transfer fee is charged by the Dubai Land Department on property transactions.
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Rental income in Dubai is not subject to taxation. However, landlords must comply with local regulations, including registering the tenancy contracts with Ejari, a RERA initiative.
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This guide offers a snapshot of the typical process and requirements for obtaining a mortgage as a non-resident in Dubai. For detailed information and specific bank policies, please consult directly with banks or mortgage advisors in Dubai. If you would like to chat with one of our vetted mortgage partners, we would be happy to make the connection.
Non-Resident Mortgages in Dubai:
Eligibility
Nationality: Most nationalities are eligible, but policies can vary by bank.
Income: Proof of stable income is required, typically a minimum monthly income of AED 25,000 (CAD $10,000).
Age: Applicants must be between 21 and 65 years old.
Types of Mortgages
Fixed Rate: Interest rate remains constant for a specified period.
Variable Rate: Interest rate fluctuates based on the EIBOR (Emirates Interbank Offered Rate).
Loan-to-Value (LTV) Ratios for Non-Residents
Typically, 50% of the property value.
Required Documents:
Passport and Visa Copies: Identification and residency documents.
Proof of Address: Utility bills or bank statements.
Bank Statements: Usually 6-12 months of statements.
Proof of Income: Salary slips, employment letter, or audited financials for self-employed individuals.
Interest Rates and Fees
Interest Rates: Generally range from 3.5% to 5% per annum.
Processing Fees: Typically 1% of the loan amount.
Valuation Fees: Fees for property appraisal, varying by property value.
Process
Pre-Approval: Initial assessment and pre-approval from the bank.
Property Selection: Choose a property within the pre-approved budget.
Final Approval: Submit all required documents for final loan approval.
Property Valuation: Bank conducts a valuation of the property.
Signing: Sign the mortgage agreement and property transfer at the Dubai Land Department.
Considerations
Repayment Terms: Mortgages can have terms up to 25 years.
Early Settlement: Check for any early repayment charges.
Currency Exchange: Non-residents should consider currency fluctuations if earning in a different currency.
** Please note that banking regulations and lending criteria changes from time to time so please make sure to consult a mortgage specialist for your specific circumstance. We have vetted experts that we work with that we would be happy to recommend.
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Dubai has made significant improvements in recent years to protect investors in off-plan real estate projects through escrow accounts. Here's a breakdown of the key points:
Government-Backed Security: Real estate in Dubai is backed by the government, providing a layer of security for investors.
Escrow Account Model: Dubai's escrow account system is based on a successful model from Singapore.
Developer Commitment: Before selling any units, the developer must commit 20% of the project's total value to the escrow account. This can be done in three ways:
Depositing cash
Providing a bank guarantee for the same amount
Completing 20% of construction upfront
Payment Plan:
The remaining balance is paid according to a predetermined payment plan. These funds go directly into the escrow account, not the developer's account.
Accounts are monitored by Dubai Land Department (DLD), Real Estate Regulatory Agency (RERA) and the central banks.
Controlled Access for Developers: Developers can only withdraw specific amounts from the escrow account after reaching milestones:
No withdrawals until specific construction phases are met
10% of the project value remains in escrow for one year after completion to cover any defects or liabilities
Dispute Resolution: If there are disagreements about defects, the Real Estate Regulatory Agency (RERA) appoints specialists to assess the situation. If the claim is valid, repairs are funded from the escrow account.
Quality Control: The escrow system incentivizes developers to build high-quality projects.
Developers can only pay subcontractors through the escrow account as milestones are met.
Since payments are made through escrow, developers ensure enough sales to keep the project liquid and on schedule.
This focus on ‘sales quality’ leads to more innovative and desirable projects.
Developers must provide regular progress reports to RERA and the bank managing the escrow account ensuring transparency and accountability in the real estate market.
Investor Protection: If a project is canceled, the escrow account funds are used to reimburse investors.
Tracking: You can actually track the progress of any development through the Dubai REST app.
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In Dubai, the Real Estate Regulatory Agency (RERA) enforces strict guidelines to ensure timely project completion and protect investors. Developers must adhere to timelines in the Sales and Purchase Agreement (SPA). They are allowed a grace period of one year from the handover date. If delays extend beyond this period, RERA can impose penalties, cancel projects, and ensure investor refunds. Legal action can be pursued after the grace period. RERA’s active monitoring and intervention safeguard buyers' interests, ensuring developers fulfill their commitments.
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Service charges in Dubai are calculated on a per square foot basis and vary widely depending on the location and type of property. On average, these charges range from AED 3 to AED 30 per square foot annually. These charges cover a range of services, including maintenance, cleaning, security, utilities, and contributions to a sinking fund for major repairs.
How are service charges calculated?
Service charges in Dubai are typically calculated based on the total area of the property, measured in square feet. The calculation formula is as follows:
Annual Service Charge = Service Charge Rate per Square Foot × Total Square Footage of Property
This rate is provided annually, meaning it does not need to be multiplied by 12 months.
What services do these charges cover?
Maintenance: Regular upkeep and repairs of common areas such as lobbies, hallways, and communal facilities.
Utilities: Water, sewage, and garbage collection, including potential chiller fees for air conditioning.
Security: 24-hour security services, CCTV surveillance, and access control systems.
Insurance: Property insurance for common areas.
Master Community Fees: Costs associated with the larger community’s infrastructure and amenities.
Sinking Fund: A reserve fund for major future repairs and maintenance.
What are the average service charge rates in different areas?
Service charge rates vary depending on the location and type of property. Here are some examples:
High-End Communities:
Downtown Dubai: AED 15-30/sq. ft. (CAD $5.50 - $11.00/sq. ft.)
Burj Khalifa: AED 72/sq. ft. (CAD $26/sq. ft.)
Palm Jumeirah: AED 16-41/sq. ft. (CAD $5.75 - $15/sq. ft.)
Mid-Range Communities:
Jumeirah Village Circle: AED 8-15/sq. ft. (CAD $2.90 - $5.50/sq. ft.)
Dubai Marina: AED 14-21/sq. ft. (CAD $5.10 - $7.70/sq. ft.)
Affordable Communities:
International City: AED 3-8/sq. ft. (CAD $1.10-$2.90/sq. ft.)
Silicon Oasis: AED 5-12/sq. ft. (CAD $1.80 - $4.40/sq. ft.)
Villas:
Arabian Ranches: AED 2.81/sq. ft. (CAD $1.03/sq. ft.)
How are service charges paid?
Service charges are typically billed on an annual basis but can be paid in installments (quarterly or monthly), depending on the agreement with the property management or owner’s association. Payments can be made via bank transfer, cheque, or online through platforms like the Dubai REST App or the Dubai Land Department’s official website.
Additional Costs:
Chiller Fees: Additional charges for air conditioning, usually calculated separately.
Sinking Fund Contributions: Reserve funds for major repairs and maintenance.
Dispute Resolution:
If property owners believe their service charges are too high, they can file a complaint with the Dubai Land Department (DLD), which can investigate and take necessary actions.
Example Calculation:
For a 1,000 sq. ft. apartment in a mid-range community with a service charge rate of AED 15/sq. ft. (CAD $5.50/sq. ft.), the annual service charge would be:
Annual Service Charge = 15 AED/sq. ft. x 1,000 sq. ft. = 15,000 AED/year
Annual Service Charge in CAD = $5.50 CAD/sq. ft. x 1,000 sq. ft. = $5,500 CAD/year
For the most accurate and up-to-date information on service charges, consult the Dubai Land Department's Service Charge Index or use the Dubai REST App.
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Select a Property: Choose an off-plan project and a specific unit.
Booking: Pay a booking fee to reserve the unit. (usually AED 50K for most developers)
Sales and Purchase Agreement (SPA): Sign the SPA and pay the down payment (usually 10-20% + 4% DLD).
Payment Plan: Follow the developer’s payment schedule.
Handover: Take possession of the property upon completion and final payment.
Note: During the construction process you can keep track of the status and progress of the project through the Dubai REST App.
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Yes, you can sell your off-plan property before completion, but it often depends on the developer’s terms and conditions. This process is known as an “assignment sale,” where the buyer transfers their rights and obligations to another buyer.
It varies from developer to developer, but before being able to sell it to a new owner, the developer requires investors to have min of 40% of their off plan property paid off. However, the 40% figure does depend on the developer, so it’s essential to check with the developer first.
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Typically, you will need:
Passport copy
Proof of address
Proof of income
Bank statements
Signed sales agreement
No Objection Certificate (NOC) from the developer