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Dubai offers a wide range of properties including apartments, villas, townhouses, penthouses, commercial spaces, and plots of land. These are available for sale or rent in various communities and districts such as Downtown Dubai, Palm Jumeirah, Dubai Marina, and Business Bay.
Yes, foreigners can buy property in designated freehold areas in Dubai. These areas allow non-residents to purchase properties. However, there are specific regulations and requirements for foreign buyers, such as obtaining a mortgage from a bank.
The process involves several steps:
Dubai offers residency visas for property investors. If you purchase a property worth a certain amount (typically AED 1 million or more), you can apply for a property investor visa, which is valid for 2-3 years.
Currently, we do not offer rental properties. However, Dubai offers a wide range of rental options for expats, with rental contracts typically signed for one year. Rent is usually paid annually or quarterly, depending on the agreement between the landlord and tenant. Short-term rentals (vacation homes) are also available in other parts of the city through various platforms.
Assisting you in discovering the perfect property that suits your lifestyle and needs.
Payment Process in Wiseway Dubai Real Estate
The typical process involves a reservation fee to secure the property, followed by an initial deposit (usually 10% of the property value). Buyers then make installment payments based on the agreed-upon payment plan, often tied to construction milestones. The final payment is made upon handover or completion, after which the buyer completes the transfer of ownership at the Dubai Land Department (DLD).
Common payment methods include bank transfers, post-dated cheques, cash payments (with verification), financing through a mortgage, and, in some cases, cryptocurrency payments (though this is still a niche option).
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