Welcome to our FAQ section! Here, we’ve answered some of the most common questions about buying, selling, and investing in Dubai real estate. Whether you’re looking for information on off-plan properties or need advice on the buying process, we’ve got you covered.
Yes, thanks to regulations enforced by RERA and DLD, ensuring buyer protection.
Yes, some banks offer financing, but eligibility criteria apply.
Your Sales Purchase Agreement (SPA) will determine refund terms. In some cases, partial refunds may be available.
Yes, typically after paying at least 30% of the purchase price and obtaining a No Objection Certificate (NOC) from the developer.
Service fees vary by project and are regulated by RERA.
Yes, foreigners can buy freehold properties in designated areas, allowing full ownership.
Dubai has no property tax, but buyers must pay a 4% DLD transfer fee and administrative charges.
Dubai offers high rental yields, averaging 6-8% annually, depending on location and property type.
Developers offer flexible payment plans, often with installments during construction and a final payment on handover. Some plans also include post-handover payments.
For ready properties, the process typically takes 30 to 45 days. Off-plan purchases depend on the construction timeline and handover date.
No, a visa is not required to buy property. However, investing in property worth AED 750,000 or more may qualify you for a residency visa.
Balance Bay Real Estate LLC is a company registered in Dubai, United Arab Emirates (License No. 1457759), Port Saeed, Deira, Dubai, UAE. We are regulated by the Real Estate Regulatory Agency under office number 47913.