What kind of properties are available for sale in Dubai?

There are two types of property available in Dubai: off-plan and ready properties. Both offer great opportunities for investors and end-users, depending on individual requirements and budgets. At Opalixx Real Estate BROKER LLC, we act as consultants to help people make decisions that are in their best interest.

Off-Plan Properties:

  • Pros: Brand new properties (you choose the unit), high capital appreciation, flexible payment plans.

  • Cons: Construction waiting period, market changes during construction, regular installment payments required.

Ready Properties:

  • Pros: Available to view immediately, ready to move into, immediate rental yields.

  • Cons: Renovation may be needed, prices are generally higher upfront, moderate capital appreciation compared to early off-plan.

  • Research and choose your preferred area, community, and type of property.

  • Decide on your budget and set a maximum price.

  • Contact a reputable Dubai-based real estate agency like Opalixx Real Estate BROKER LLC and provide them with your requirements.

  • Viewings: If available, visit the developer’s sales office or show homes with your agent.

  • Selection: Once you select a unit, review the pricing and payment plan.

  • Reservation: Sign a booking form and pay a booking fee to reserve the unit.

  • Down Payment: Complete your first installment and pay the Dubai Land Department (DLD) registration fees.

  • SPA: Sign the Sales & Purchase Agreement sent by the developer.

  • Oqood: Receive your initial contract of sale (Oqood) issued by the DLD.

  • Payments: Pay installments as per the agreed plan until handover.

  • Completion: Receive the handover and the full title deed in your name.

  • Research areas and choose your preferred community.

  • Mortgage: If required, apply for mortgage pre-approval before viewing properties.

  • Viewings: Arrange viewings with your Opalixx agent to see suitable properties.

  • Offer: Discuss the price with your agent, who will communicate your offer to the seller based on current market values.

  • MOU: If the seller agrees, an MOU (Memorandum of Understanding) is signed, and a deposit is paid.

  • Contract: A digital contract (Form F) is signed to secure the sale with RERA.

  • Valuation: Contact your bank for a property valuation (if mortgaged).

  • NOC: Obtain a No Objection Certificate (NOC) from the developer to allow the transfer.

  • Transfer: Finalize the transfer at the Trustee Office.

Before you start looking for the ideal home, we urge you to ask yourself the following questions:

  • What is my budget?

  • Am I a cash buyer, or will I require a mortgage?

  • Is this for investment or personal use?

  • Do I prefer Off-plan or Ready properties?

  • What type of property am I looking for? (Apartment, townhouse, villa, or penthouse)

  • What is the most important factor? (Location, view, amenities, size, ROI, or capital appreciation)

Yes, Life insurance is mandatory for any mortgage in the UAE. In most cases, the bank lending you the funds will require that you take their in-house life insurance policy. This cost is usually built into your monthly mortgage fees.

Community fees (or service charges) in Dubai are recurring fees that homeowners pay for the maintenance and upkeep of residential buildings or communities. They cover cleaning, security, landscaping, and general upkeep. These fees are split between owners based on property size and apply to villas, townhouses, and apartments alike.

Yes, UAE residents and non-residents can obtain mortgages for off-plan property in Dubai. Qualifying conditions must be met, but they are relatively straightforward. Typically, investors buying off-plan are advised to request mortgage approval a few months before the property is completed.

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