FAQ's
Frequently Asked Questions
Here are a few frequently asked questions.
| The investment will be recovered in 6-8 years |
From the moment of purchase till the handover, the increases are between 30% – 100%, depending on the project.
Payment plans differ from one project to another and can last up to 5 years.
National ID, passport, phone number, email address and physical address, to receive the contract
At any time, after you have paid 30% of the value of the property.
Card, cash, crypto, bank transfer
Short-term rentals come, obviously, with a much better return.
In the areas/projects proposed by us, a studio can be rented for approximately €150-€170/night (not in high season, when prices increase), and 1 bedroom (two-room apartment) for €200-€250/ night.
Rental yields are between 12% – 16% / year.
As soon as you have fully paid for the property, you can apply for residency.
Each end user who buys a property in a development launched by a developer will pay into an escrow account which is not usable by the developer for any costs other than the project construction, consultancy, sales and marketing and land payments. From the escrow account money will only be disbursed to the contractor of the project directly, upon completing each stage of construction. For each stage, a contractor bills through Progress Payment Certificates also known as PPC’s. Any other disbursements from the escrow account will be governed by the escrow agreement and RERA instructions. Developers do not have any operating rights (withdrawal etc) over escrow accounts.
Our agency puts you in contact with a property management company, which will take care of all the needs of the property, namely:
photograph the unit and post it on the specialization sites (Booking.com, AirBnb, Property Finder, etc.)
marketing service
check in / check out
in situations where something breaks/damages, they support the expenses, from the deposit that every tenant submits at check-in
There is also an application through which you can follow everything that happens with your property, and you can choose the dates in which you want to visit the apartment in order it not to be rented
Property management agencies charge a commission of approximately 20% of the income.
They don’t charge fixed amounts, just a commission from what they produce.
Our agency proposes top projects and locations, located near the beach or in the center (Downtown, Business Bay), where there is also the advantage of the lack of seasonality, due to the intense activity in the business area
Also in great demand are the neighborhoods of houses / villas, which offer unique experiences and a very good yield from the point of view of capitalization and which are preferred, above all, by those who are interested in relocation.
There are no fees and taxes in Dubai: only maintenance is paid, which is calculated per sqft, for a studio or a 1 bedroom, is around 1800Euros/year
You can ask for bank financing. In Dubai, to receive bank financing, you must meet two conditions:
to have already paid 50% of the value of the property
the project must already be completed
No other documents are required, the loan can be made for a period of up to 25 – 30 years, and the bank will calculate the period according to the age. The interest is about 4%.
Anytime after paying 50% of the property value, the financing can be transferred from the developer to the bank.
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