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Receiving an offer on your new property in Dubai from DubaiReality.cz is free and comes with no obligation on your part.
In this regard, a team of experienced professionals from DubaiReality.cz is at your disposal to help you with the entire process of selecting a property for you and your family, to familiarize you with all the processes and requirements regarding the purchase of the property and to fully assist you during the entire purchase, but most importantly during the management of the property or its resale.
Many of our clients are initially inclined towards the ready-made property option, but after a conversation with us they buy an offplan property. How is this possible? Because of our direct links with developers, we are able to arrange for clients to buy outright with all the benefits of a new project including a 1 to 2 year project warranty, the facilities of a technical specialist (snagger) and contemporary technology and construction practices, while maintaining lower prices compared to ready-built properties. At the same time, offplan properties allow payments through installment plans, which means you don't even have to deposit the entire amount upfront and can gradually pay off your apartment in Dubai. This will deliver clients a preferential purchase with the option to resell at a profit once the development is complete. Buying an offplan property is completely safe due to the operation of the Land Land Department (DLD) and the entire system in Dubai. Translated with DeepL.com (free version)
No, it's definitely not complicated. Our clients often prefer the option of an interest-free payment plan, which allows you to spread the price of the property into smaller payments so that they don't disrupt your balance sheet. All payments can be made by account to account transfer and even by credit card through the developer's secure online interface. Everything is often done electronically, including the signing of reservation and purchase contracts. Our specialists will of course be by your side to help you with everything and make sure everything is in order.
The first document is the Booking Form, in which we define the unit you have chosen and specify your details. Based on this contract, you need to pay the booking fee. The booking contract gives you more time to collect the funds for the first payment of your unit so that someone else cannot buy it in the meantime. After the first instalment (normally 24%) is paid, the developer will send you a contract of sale (called SPA), which is the final act in the purchase of the property. After signing it, you become the owner of the unit and you are registered in the Land Registry kept by the DLD, on the basis of which you will be issued a title deed (called OQOOD).
You enter into contracts directly with the developer, you send the installments directly to the developer's escrow account, so we do not hold or manipulate your money. So you sign all documents directly with the source.
The contracts are bilingual, namely English-Arabic. Don't worry though, we will assist you throughout the process so that you know the contents of each contract and are familiar with them well in advance. We will, of course, provide you with samples of each document so that you can study them and ask for any details. Our team of specialists is at your disposal 24/7.
EOI, or Expression of Interest, is a payment of a fixed amount (usually less than hundreds of thousands of crowns) by which you express to the developer your interest in his future project, for which you have zero or minimal documents. This is the basis for developers who have a history of successful projects and there is a strong interest in their new developments. In this way, they separate the serious bidders from those who are just looking. After paying the EOI, you are assured of priority selection of the unit, i.e. you can choose the unit with the best view or on the best floor. You get an advantage over other buyers who choose after the EOI.
One of the key issues that Dubai is addressing in a completely secure and fully transparent manner is the ESCROW ACCOUNT (escrow account / notary account). You send the money for the property, or individual installments, to the developer's escrow account set up with the Dubai Land Department (DLD), which is the central land registry office that regulates the real estate market in Dubai. Your money is therefore not held directly by the developer, but by the government department, which protects your money and releases pro-rata amounts to the developer as the project progresses. The state land office will therefore only ever release the necessary portion of the funds to eliminate any misuse of the buyer's money. You can always check this account remotely via the official website or the authority's app. Our experts at DubaiReality.cz, will always instruct you and explain and check everything for you.
Booking payments of a few percent of the property price serve this purpose. The reservation payment ensures that the developer takes your unit off the market for a certain period of time and gives you more time to collect the funds for the first payment, which is normally about 24% of the property price. In the case of an EOI payment, you are guaranteed your unit even sooner (see above).
As a standard, the first instalment is around 15-20% of the total price of the property. Paying this instalment allows you to enter into an interest-free payment plan and ensure that no one will take your unit from you. This installment must be paid within 14 days of the reservation payment, with the reservation payment amount fully counting towards this installment, of course. The minimum down payment (EOI) for booking a property is 5-10% of the purchase price in Dubai development projects.
Dubai is a haven for your money, with a standard personal income tax rate of 0% per annum. You pay no property tax here! The only fees associated with the purchase of your property are a DLD fee of 4% of the property price, which is a fee to the Land Registry Department (DLD) for the regulatory work it carries out, and administration fees, which vary depending on the developer, with approximate amounts in the lower tens of thousands of crowns. All these payments are one-off.
Yes, it is. The safety of your money is taken care of directly by the state-run Cadastral Office, which is the regulatory body for the local real estate market. It makes sure that all transactions are transparent, safe and fair. It monitors the balance sheets of developers, their performance, the fulfilment of obligations to clients, etc. In short, it makes sure that real estate in Dubai is an easy and carefree way to value your money. For more information about the office, visit their website: (https://dubailand.gov.ae/en/)
Yes. Dubai has moved away in some areas from the principle of intermediated ownership or 99-year leases that is typical of other states in the Arab world. Dubai has opened up to investors from all over the world by reserving so-called freehold zones for them, where you can fully own a property as you would at home in the Czech Republic. All the properties we offer are fundamentally FREEHOLD with your full ownership.
A very good question, we could debate it at length on an academic level. However, one must take into account the fact that His Highness Sheikh Mohammed bin Rashid Al Maktoum and his family have run Dubai as their business for over 180 years. They have built countless breathtaking projects, attracted millions of tourists and investors, and made Dubai a city of the future, a city that is an inspiration to many Western countries, in a very short period of time. Would he really want to throw all this effort away? What would he gain by doing so? Empty properties and the decline of his city. In these circumstances, it seems to us quite unlikely that the ruler of Dubai would be interested in damaging valuable investors and thereby destroying the glory of Dubai.
Another of the frequently asked questions by our clients and quite rightly so, no one wants to lose their money. The team at DubaiReality.cz is here to make your money worthwhile, which is why one of the key factors in our involvement in the Dubai property market is the security of your finances and minimising any risks. Developers in Dubai are regulated by the Land Development Department (DLD), which holds the investors' money, i.e. you, in an escrow account and releases it in small incremental amounts based on the construction progress of your chosen project. So the developer must first deposit 60% of the property price with the DLD in order to register the project and start construction, and they will not see the money from the investors until construction has started and the DLD has carried out an inspection. This way DLD will ensure that all developers are solvent enough to complete your project. However, should it happen that the developer fails to deliver the project, there is nothing to worry about, your money is held by DLD and will be returned to you unless the developer is replaced by a selected representative of the same level of quality by the government.
Probably the most frequent question from our clients and no wonder, Dubai attracts with its high yields and luxurious lifestyle. You'll get different numbers in different places and it's no wonder it can feel confusing and untrustworthy. At DubaiRelity.cz, we pride ourselves on absolute transparency and long-term relationships. There are several variables in the rental yields of specific real estate projects: (primarily location, of course, but also the brand of the developer, the amenities of the entire project or even the height of the floor or the view). However, on average, in our experience, for investments in the units of millions of crowns per property, and in the case of long-term rentals around 5-6% of annual net appreciation, after deducting all fees, including complete management by a professional agency, and in the case of short-term rentals (holiday homes) between 7-9% per year, net profit after deducting all fees. However, these percentages can increase dramatically for investments in the tens of millions of Czech crowns.
Safety, transparency, luxury and the interest of millions of global tourists every year. Dubai is the hub of action between Europe and Asia just 6 hours flight from Prague. Over 17 million tourists in 2023, an average increase of 100,000 new residents every year, entertainment centers and parks for all, tall buildings, megalomaniac projects, unique culture, all this and much more is Dubai. Where else do you want to make solid money on real estate than in a place where there is a huge demand for housing and a large influx of people with a plan to double the population and total area of the city by 2040?
Every year, Dubai tops the global ranking of the world's safest cities. The minimal crime rate is due to the natural respect for leadership from the family of Sheikh Muhammad bin Rashid Al Maktoum and respect for the customs of the region and Dubai, itself. All newcomers know very well that in Dubai the rules are followed and if not, they face deportation and, in serious cases of crime, severe fines and punishments. Women and children enjoy special protection, for example, having their own taxis or wards in the metro.
Our property management partners (KeysPlease and Primestay) will provide you with an all-inclusive service for the rental and maintenance of your property. They will make sure that your rental property runs smoothly and ensure that your property is maintained technically and aesthetically without you having to worry at all. This way, you will get passive income from your property in Dubai every month.
The standard fee in Dubai is the service fee, which is based on the location and size of your property. The fee is paid once a year and its purpose is to maintain common areas such as saunas, swimming pools, fitness centers, playgrounds, reception, security, etc. You will also be interested in the price of energy. This is based on your consumption, generally speaking it is very similar to what you pay in Prague for example.
As a property investor, you are eligible for an investor visa, starting at AED 750,000 for a silver investor visa for 2 years, renewable for the duration of ownership of the property, or AED 2,000,000 for a gold investor visa for 10 years, renewable for the duration of ownership of the property. These visas allow you to open a bank account in Dubai and stay for more than 90 days per year. As a visa holder, you can also arrange sponsor visas for your family, especially your spouse, children or parents. However, citizenship has more difficult conditions and is virtually impossible for a European to obtain. For more information, please contact one of our experts in the Contacts section.
We can reassure you that taxes in Dubai are much lower than in the Czech Republic. As an individual you have an income tax of 0% per annum, there is no property tax and VAT on products and other items is only 5%. Legal entities fall under the 9% income tax rate.
Any resident or visa holder can open a bank account in Dubai. You can use this account for rental income from your property or for any other activities in Dubai. We provide the establishment of a bank account as a service to all our clients for a fee.
Yes, you can. Dubai has an inheritance option for foreigners enshrined in Law No. 15 of 2017, either by statutory succession or by will. We recommend inheritance by way of a will, which we will have drawn up for you by a notary or lawyer in Dubai and then register it with the Dubai Court or the DIFC Wills Service Centre. We will assist you with this entire process.
This matter can normally be dealt with by way of gifting, which is very similar to the one we have in the Czech Republic. In the case of a transfer to a close relative in the first instance or to your own company, the DLD fee (normally 4% of the property price) is reduced to 0.125%.
Yes and no. You choose the equipment of the property when you buy the property. In our clients' experience, developers usually provide equipment in the form of appliances in the kitchen (for example, microwave, dishwasher, fridge, stove, oven.), but some projects also offer complete furnishing. In case the property does not have furniture already provided by the developer, I will arrange it for you through our partner specialist agency in Dubai.
The developer is legally allowed a 12-month delay in completing construction without penalty. After this time, penalties are imposed on the developer to motivate them to successfully complete the project.
In your case, you will be primarily interested in investor visas. These are divided into silver and gold variants depending on the amount invested. The silver visa is obtained for a total investment of more than AED 750,000 for 2 years with the possibility of extension for the period of ownership of the property and the gold visa is obtained for a total investment of more than AED 2,000,000 for 10 years with the possibility of extension for the period of ownership of the property. Both visas also allow you to sponsor your immediate family.
Standard medical screening within the visa includes testing for communicable diseases such as hepatitis, HIV, leprosy, syphilis and tuberculosis to ensure the health of the community. It includes a medical examination, a simple blood draw for blood tests depending on the visa category, a chest x-ray and a urine pregnancy test for some categories. The check-up will cost you approximately AED 300 (i.e. 1900 CZK).
It is not possible right away, but it is possible during construction. Developers determine the percentage of the property that you have to pay off before you can sell the property (from 20% to 60% of the project completion), subject to obtaining an OQOOD from the DLD (Dubai Land Department).
As part of the overselling, we are moving to the secondary property market in Dubai where the owner resells to another individual, rarely are there actual developers. Developers dominate the primary market, where they sell properties to first owners. The secondary market carries more fees than the primary market, in the form of the classic 4% DLD fee for the land registry work, then AED 2,000 - 5,000 + VAT transfer fees, then 2% + VAT as commission to the real estate agent or broker (yes, only real estate agents can do property resales in Dubai, you cannot resell without one; however, our partner real estate agency will take care of you, don't worry) and lastly AED 4,000 + VAT for notary services. Generally speaking, a secondary market transaction, including a resale, carries more costs than buying from a developer in the primary market.
Yes. You can resell from a certain percentage of the property. The specific limit is determined individually by each developer (from 20% to 60%).
Not in physical characteristics. They are still real estate that can serve both purposes. However, the specifics of a property for resale include its location, its appearance and overall design, the brand of the developer, its availability, its limited supply, etc. If you are interested in reselling, our real estate specialists will recommend properties that meet these criteria so that you can meet your investment objective.
When you buy a property at the beginning of the sales process (called launch), you have the lowest possible price at which the property is available for sale. Before completion, property prices usually rise by 20% or more depending on the details of the property. Thus, it is possible to buy a property at the outset at a low price and resell it just before completion, when less adventurous investors, already having a tangible result of the developer's activities, will buy and usually at a much higher price, with the prospect of completion and takeover imminent.
We will need the following 6 pieces of information from you: your full name, residential address, telephone number, email address and your passport to verify your identity in Dubai. Based on these documents, the developer is able to draw up a reservation or purchase agreement (SPA / PPA) with you
Property management is provided by our partners, whose remuneration in the case of short-term rentals is 20% of the monthly turnover, so they have an incentive to effectively advertise and market your property to customers. You, as the property owner, then pay the utility costs, Municipality fee (5% of the monthly rent) and service fee (depending on the size of the property and its location).
Dubai allows its visitors and residents to enjoy a wide range of transportation options. Starting from 2 metro lines, to bus transport, not forgetting the dense network of taxis (Uber or Careem).But the primary and main mode of transport in Dubai is car transport. However, the RTA has quite a few plans, and some are already in execution, where it will still transform public transport in Dubai for the better by a large chunk.
Dubai is home to many foreign brands, including those we know from the Czech Republic and the European Union (IKEA, Carefour, KFC, McDonalds, etc.). Shopping malls can be found practically on every corner, often large shopping centres are located near metro stations, so you can shop for food, clothes or electronics.
Prices depend on your location. Generally speaking, the closer you are to the tourist attractions, the higher the prices you can expect. Food and food prices in general are very similar to those in the country, but what is much cheaper in Dubai are electronics, textiles and spices.
You do not have to be present in person at the completion and handover of the property unless you expressly wish to do so. Once the power of attorney has been issued, our specialist agent will take over the unit for you. When handing over the property, it is possible to use the services of a so-called Snagger, i.e. an independent person who will inspect your property and point out any defects to the developer, who is then REQUIRED to put them right at his own expense. This is a crucial check when handing over your property, which is widely used by our clients.
Expression of Interest stands for a fixed amount you pay to a developer for priority access to their project and priority selection of your property. This fee, which is included in the total price of the property, gives you the opportunity to get the best property from the developer at the best price. The downside for some may be the lack of awareness about the project as the EOI payment is made at a time when there is minimal information about the project. This practice is applied by the leading developers in Dubai whose projects are of immense interest.
This is a document proving ownership of a property that is still under construction and has not been approved. This document will be issued to you by DLD after signing the purchase agreement (SPA) so that you can resell or prove ownership of your property. The OQOOD can also be the basis for inheritance. We will of course provide our clients with a sample OQOOD as part of the property purchase process.
The document is very similar to the OQOOD with the only difference being that it is a title deed to a completed and approved property. Once you receive the Title Deed, you already have the property fully completed, approved and ready for use This document is mainly used in the secondary real estate market.
Sales & Purchase Agreement (SPA) is a contract of sale containing all the terms, specifications, designations and details of the property, the buyer and the seller. It is a classic purchase agreement, which you know for example from the Czech real estate market.
A contract that allows the buyer more time to raise the funds for the down payment on the property or the full amount of the property being purchased. By paying a lower unit percentage of the property price and signing a reservation agreement, you get the security of a specific unit and its withdrawal from the developer's offer so that no one else can buy it. The reservation fee is included in the total price of the property, so in the end you pay nothing extra.
An abbreviation of Dubai Land Department, the central cadastral authority and regulatory body for the real estate market in Dubai. It is the cornerstone of the most dynamic and globally influential real estate sector in the Middle East, documenting and controlling the activities of developers, researching and mapping properties, but most importantly protecting your money through escrow accounts.
This is an annual fee for managing the common areas of the property and the services available within your community (gardens, BBQ areas, swimming pools, fitness, sauna, etc.). The calculation of the Service Charge (also known as Service Fee) depends on the area in which your property is located (areas further away from the coast usually have a lower Service Fee). The basic unit is the amount per square foot, so the larger your property is, the higher the amount of Service charge you will need to pay each year.
The service of an independent inspector experienced in structural engineering, interior design and structural engineering to ensure that the property you are taking over has no defects. In the event that a snagger finds a defect, they will immediately point it out to the developer who has the OBLIGATION to repair the defect at their own expense. The price of the snagging is around 15 000 CZK.
Receiving an offer on your new property in Dubai from DubaiReality.cz is free and comes with no obligation on your part.
In this regard, a team of experienced professionals from DubaiReality.cz is at your disposal to help you with the entire process of selecting a property for you and your family, to familiarize you with all the processes and requirements regarding the purchase of the property and to fully assist you during the entire purchase, but most importantly during the management of the property or its resale.
Many of our clients are initially inclined towards the ready-made property option, but after a conversation with us they buy an offplan property. How is this possible? Because of our direct links with developers, we are able to arrange for clients to buy outright with all the benefits of a new project including a 1 to 2 year project warranty, the facilities of a technical specialist (snagger) and contemporary technology and construction practices, while maintaining lower prices compared to ready-built properties. At the same time, offplan properties allow payments through installment plans, which means you don't even have to deposit the entire amount upfront and can gradually pay off your apartment in Dubai. This will deliver clients a preferential purchase with the option to resell at a profit once the development is complete. Buying an offplan property is completely safe due to the operation of the Land Land Department (DLD) and the entire system in Dubai. Translated with DeepL.com (free version)
No, it's definitely not complicated. Our clients often prefer the option of an interest-free payment plan, which allows you to spread the price of the property into smaller payments so that they don't disrupt your balance sheet. All payments can be made by account to account transfer and even by credit card through the developer's secure online interface. Everything is often done electronically, including the signing of reservation and purchase contracts. Our specialists will of course be by your side to help you with everything and make sure everything is in order.
The first document is the Booking Form, in which we define the unit you have chosen and specify your details. Based on this contract, you need to pay the booking fee. The booking contract gives you more time to collect the funds for the first payment of your unit so that someone else cannot buy it in the meantime. After the first instalment (normally 24%) is paid, the developer will send you a contract of sale (called SPA), which is the final act in the purchase of the property. After signing it, you become the owner of the unit and you are registered in the Land Registry kept by the DLD, on the basis of which you will be issued a title deed (called OQOOD).
You enter into contracts directly with the developer, you send the installments directly to the developer's escrow account, so we do not hold or manipulate your money. So you sign all documents directly with the source.
The contracts are bilingual, namely English-Arabic. Don't worry though, we will assist you throughout the process so that you know the contents of each contract and are familiar with them well in advance. We will, of course, provide you with samples of each document so that you can study them and ask for any details. Our team of specialists is at your disposal 24/7.
EOI, or Expression of Interest, is a payment of a fixed amount (usually less than hundreds of thousands of crowns) by which you express to the developer your interest in his future project, for which you have zero or minimal documents. This is the basis for developers who have a history of successful projects and there is a strong interest in their new developments. In this way, they separate the serious bidders from those who are just looking. After paying the EOI, you are assured of priority selection of the unit, i.e. you can choose the unit with the best view or on the best floor. You get an advantage over other buyers who choose after the EOI.
One of the key issues that Dubai is addressing in a completely secure and fully transparent manner is the ESCROW ACCOUNT (escrow account / notary account). You send the money for the property, or individual installments, to the developer's escrow account set up with the Dubai Land Department (DLD), which is the central land registry office that regulates the real estate market in Dubai. Your money is therefore not held directly by the developer, but by the government department, which protects your money and releases pro-rata amounts to the developer as the project progresses. The state land office will therefore only ever release the necessary portion of the funds to eliminate any misuse of the buyer's money. You can always check this account remotely via the official website or the authority's app. Our experts at DubaiReality.cz, will always instruct you and explain and check everything for you.
Booking payments of a few percent of the property price serve this purpose. The reservation payment ensures that the developer takes your unit off the market for a certain period of time and gives you more time to collect the funds for the first payment, which is normally about 24% of the property price. In the case of an EOI payment, you are guaranteed your unit even sooner (see above).
As a standard, the first instalment is around 15-20% of the total price of the property. Paying this instalment allows you to enter into an interest-free payment plan and ensure that no one will take your unit from you. This installment must be paid within 14 days of the reservation payment, with the reservation payment amount fully counting towards this installment, of course. The minimum down payment (EOI) for booking a property is 5-10% of the purchase price in Dubai development projects.
Dubai is a haven for your money, with a standard personal income tax rate of 0% per annum. You pay no property tax here! The only fees associated with the purchase of your property are a DLD fee of 4% of the property price, which is a fee to the Land Registry Department (DLD) for the regulatory work it carries out, and administration fees, which vary depending on the developer, with approximate amounts in the lower tens of thousands of crowns. All these payments are one-off.
Yes, it is. The safety of your money is taken care of directly by the state-run Cadastral Office, which is the regulatory body for the local real estate market. It makes sure that all transactions are transparent, safe and fair. It monitors the balance sheets of developers, their performance, the fulfilment of obligations to clients, etc. In short, it makes sure that real estate in Dubai is an easy and carefree way to value your money. For more information about the office, visit their website: (https://dubailand.gov.ae/en/)
Yes. Dubai has moved away in some areas from the principle of intermediated ownership or 99-year leases that is typical of other states in the Arab world. Dubai has opened up to investors from all over the world by reserving so-called freehold zones for them, where you can fully own a property as you would at home in the Czech Republic. All the properties we offer are fundamentally FREEHOLD with your full ownership.
Another of the frequently asked questions by our clients and quite rightly so, no one wants to lose their money. The team at DubaiReality.cz is here to make your money worthwhile, which is why one of the key factors in our involvement in the Dubai property market is the security of your finances and minimising any risks. Developers in Dubai are regulated by the Land Development Department (DLD), which holds the investors' money, i.e. you, in an escrow account and releases it in small incremental amounts based on the construction progress of your chosen project. So the developer must first deposit 60% of the property price with the DLD in order to register the project and start construction, and they will not see the money from the investors until construction has started and the DLD has carried out an inspection. This way DLD will ensure that all developers are solvent enough to complete your project. However, should it happen that the developer fails to deliver the project, there is nothing to worry about, your money is held by DLD and will be returned to you unless the developer is replaced by a selected representative of the same level of quality by the government.
Probably the most frequent question from our clients and no wonder, Dubai attracts with its high yields and luxurious lifestyle. You'll get different numbers in different places and it's no wonder it can feel confusing and untrustworthy. At DubaiRelity.cz, we pride ourselves on absolute transparency and long-term relationships. There are several variables in the rental yields of specific real estate projects: (primarily location, of course, but also the brand of the developer, the amenities of the entire project or even the height of the floor or the view). However, on average, in our experience, for investments in the units of millions of crowns per property, and in the case of long-term rentals around 5-6% of annual net appreciation, after deducting all fees, including complete management by a professional agency, and in the case of short-term rentals (holiday homes) between 7-9% per year, net profit after deducting all fees. However, these percentages can increase dramatically for investments in the tens of millions of Czech crowns.
Yes and no. You choose the equipment of the property when you buy the property. In our clients' experience, developers usually provide equipment in the form of appliances in the kitchen (for example, microwave, dishwasher, fridge, stove, oven.), but some projects also offer complete furnishing. In case the property does not have furniture already provided by the developer, I will arrange it for you through our partner specialist agency in Dubai.
The developer is legally allowed a 12-month delay in completing construction without penalty. After this time, penalties are imposed on the developer to motivate them to successfully complete the project.
We will need the following 6 pieces of information from you: your full name, residential address, telephone number, email address and your passport to verify your identity in Dubai. Based on these documents, the developer is able to draw up a reservation or purchase agreement (SPA / PPA) with you
You do not have to be present in person at the completion and handover of the property unless you expressly wish to do so. Once the power of attorney has been issued, our specialist agent will take over the unit for you. When handing over the property, it is possible to use the services of a so-called Snagger, i.e. an independent person who will inspect your property and point out any defects to the developer, who is then REQUIRED to put them right at his own expense. This is a crucial check when handing over your property, which is widely used by our clients.
Yes. Dubai has moved away in some areas from the principle of intermediated ownership or 99-year leases that is typical of other states in the Arab world. Dubai has opened up to investors from all over the world by reserving so-called freehold zones for them, where you can fully own a property as you would at home in the Czech Republic. All the properties we offer are fundamentally FREEHOLD with your full ownership.
Probably the most frequent question from our clients and no wonder, Dubai attracts with its high yields and luxurious lifestyle. You'll get different numbers in different places and it's no wonder it can feel confusing and untrustworthy. At DubaiRelity.cz, we pride ourselves on absolute transparency and long-term relationships. There are several variables in the rental yields of specific real estate projects: (primarily location, of course, but also the brand of the developer, the amenities of the entire project or even the height of the floor or the view). However, on average, in our experience, for investments in the units of millions of crowns per property, and in the case of long-term rentals around 5-6% of annual net appreciation, after deducting all fees, including complete management by a professional agency, and in the case of short-term rentals (holiday homes) between 7-9% per year, net profit after deducting all fees. However, these percentages can increase dramatically for investments in the tens of millions of Czech crowns.
Our property management partners (KeysPlease and Primestay) will provide you with an all-inclusive service for the rental and maintenance of your property. They will make sure that your rental property runs smoothly and ensure that your property is maintained technically and aesthetically without you having to worry at all. This way, you will get passive income from your property in Dubai every month.
The standard fee in Dubai is the service fee, which is based on the location and size of your property. The fee is paid once a year and its purpose is to maintain common areas such as saunas, swimming pools, fitness centers, playgrounds, reception, security, etc. You will also be interested in the price of energy. This is based on your consumption, generally speaking it is very similar to what you pay in Prague for example.
Yes and no. You choose the equipment of the property when you buy the property. In our clients' experience, developers usually provide equipment in the form of appliances in the kitchen (for example, microwave, dishwasher, fridge, stove, oven.), but some projects also offer complete furnishing. In case the property does not have furniture already provided by the developer, I will arrange it for you through our partner specialist agency in Dubai.
Property management is provided by our partners, whose remuneration in the case of short-term rentals is 20% of the monthly turnover, so they have an incentive to effectively advertise and market your property to customers. You, as the property owner, then pay the utility costs, Municipality fee (5% of the monthly rent) and service fee (depending on the size of the property and its location).
You do not have to be present in person at the completion and handover of the property unless you expressly wish to do so. Once the power of attorney has been issued, our specialist agent will take over the unit for you. When handing over the property, it is possible to use the services of a so-called Snagger, i.e. an independent person who will inspect your property and point out any defects to the developer, who is then REQUIRED to put them right at his own expense. This is a crucial check when handing over your property, which is widely used by our clients.
Yes. Dubai has moved away in some areas from the principle of intermediated ownership or 99-year leases that is typical of other states in the Arab world. Dubai has opened up to investors from all over the world by reserving so-called freehold zones for them, where you can fully own a property as you would at home in the Czech Republic. All the properties we offer are fundamentally FREEHOLD with your full ownership.
A very good question, we could debate it at length on an academic level. However, one must take into account the fact that His Highness Sheikh Mohammed bin Rashid Al Maktoum and his family have run Dubai as their business for over 180 years. They have built countless breathtaking projects, attracted millions of tourists and investors, and made Dubai a city of the future, a city that is an inspiration to many Western countries, in a very short period of time. Would he really want to throw all this effort away? What would he gain by doing so? Empty properties and the decline of his city. In these circumstances, it seems to us quite unlikely that the ruler of Dubai would be interested in damaging valuable investors and thereby destroying the glory of Dubai.
Another of the frequently asked questions by our clients and quite rightly so, no one wants to lose their money. The team at DubaiReality.cz is here to make your money worthwhile, which is why one of the key factors in our involvement in the Dubai property market is the security of your finances and minimising any risks. Developers in Dubai are regulated by the Land Development Department (DLD), which holds the investors' money, i.e. you, in an escrow account and releases it in small incremental amounts based on the construction progress of your chosen project. So the developer must first deposit 60% of the property price with the DLD in order to register the project and start construction, and they will not see the money from the investors until construction has started and the DLD has carried out an inspection. This way DLD will ensure that all developers are solvent enough to complete your project. However, should it happen that the developer fails to deliver the project, there is nothing to worry about, your money is held by DLD and will be returned to you unless the developer is replaced by a selected representative of the same level of quality by the government.
Every year, Dubai tops the global ranking of the world's safest cities. The minimal crime rate is due to the natural respect for leadership from the family of Sheikh Muhammad bin Rashid Al Maktoum and respect for the customs of the region and Dubai, itself. All newcomers know very well that in Dubai the rules are followed and if not, they face deportation and, in serious cases of crime, severe fines and punishments. Women and children enjoy special protection, for example, having their own taxis or wards in the metro.
As a property investor, you are eligible for an investor visa, starting at AED 750,000 for a silver investor visa for 2 years, renewable for the duration of ownership of the property, or AED 2,000,000 for a gold investor visa for 10 years, renewable for the duration of ownership of the property. These visas allow you to open a bank account in Dubai and stay for more than 90 days per year. As a visa holder, you can also arrange sponsor visas for your family, especially your spouse, children or parents. However, citizenship has more difficult conditions and is virtually impossible for a European to obtain. For more information, please contact one of our experts in the Contacts section.
We can reassure you that taxes in Dubai are much lower than in the Czech Republic. As an individual you have an income tax of 0% per annum, there is no property tax and VAT on products and other items is only 5%. Legal entities fall under the 9% income tax rate.
Any resident or visa holder can open a bank account in Dubai. You can use this account for rental income from your property or for any other activities in Dubai. We provide the establishment of a bank account as a service to all our clients for a fee.
Yes, you can. Dubai has an inheritance option for foreigners enshrined in Law No. 15 of 2017, either by statutory succession or by will. We recommend inheritance by way of a will, which we will have drawn up for you by a notary or lawyer in Dubai and then register it with the Dubai Court or the DIFC Wills Service Centre. We will assist you with this entire process.
This matter can normally be dealt with by way of gifting, which is very similar to the one we have in the Czech Republic. In the case of a transfer to a close relative in the first instance or to your own company, the DLD fee (normally 4% of the property price) is reduced to 0.125%.
The developer is legally allowed a 12-month delay in completing construction without penalty. After this time, penalties are imposed on the developer to motivate them to successfully complete the project.
In your case, you will be primarily interested in investor visas. These are divided into silver and gold variants depending on the amount invested. The silver visa is obtained for a total investment of more than AED 750,000 for 2 years with the possibility of extension for the period of ownership of the property and the gold visa is obtained for a total investment of more than AED 2,000,000 for 10 years with the possibility of extension for the period of ownership of the property. Both visas also allow you to sponsor your immediate family.
Standard medical screening within the visa includes testing for communicable diseases such as hepatitis, HIV, leprosy, syphilis and tuberculosis to ensure the health of the community. It includes a medical examination, a simple blood draw for blood tests depending on the visa category, a chest x-ray and a urine pregnancy test for some categories. The check-up will cost you approximately AED 300 (i.e. 1900 CZK).
Dubai allows its visitors and residents to enjoy a wide range of transportation options. Starting from 2 metro lines, to bus transport, not forgetting the dense network of taxis (Uber or Careem).But the primary and main mode of transport in Dubai is car transport. However, the RTA has quite a few plans, and some are already in execution, where it will still transform public transport in Dubai for the better by a large chunk.
Dubai is home to many foreign brands, including those we know from the Czech Republic and the European Union (IKEA, Carefour, KFC, McDonalds, etc.). Shopping malls can be found practically on every corner, often large shopping centres are located near metro stations, so you can shop for food, clothes or electronics.
Prices depend on your location. Generally speaking, the closer you are to the tourist attractions, the higher the prices you can expect. Food and food prices in general are very similar to those in the country, but what is much cheaper in Dubai are electronics, textiles and spices.
Expression of Interest stands for a fixed amount you pay to a developer for priority access to their project and priority selection of your property. This fee, which is included in the total price of the property, gives you the opportunity to get the best property from the developer at the best price. The downside for some may be the lack of awareness about the project as the EOI payment is made at a time when there is minimal information about the project. This practice is applied by the leading developers in Dubai whose projects are of immense interest.
This is a document proving ownership of a property that is still under construction and has not been approved. This document will be issued to you by DLD after signing the purchase agreement (SPA) so that you can resell or prove ownership of your property. The OQOOD can also be the basis for inheritance. We will of course provide our clients with a sample OQOOD as part of the property purchase process.
The document is very similar to the OQOOD with the only difference being that it is a title deed to a completed and approved property. Once you receive the Title Deed, you already have the property fully completed, approved and ready for use This document is mainly used in the secondary real estate market.
Sales & Purchase Agreement (SPA) is a contract of sale containing all the terms, specifications, designations and details of the property, the buyer and the seller. It is a classic purchase agreement, which you know for example from the Czech real estate market.
A contract that allows the buyer more time to raise the funds for the down payment on the property or the full amount of the property being purchased. By paying a lower unit percentage of the property price and signing a reservation agreement, you get the security of a specific unit and its withdrawal from the developer's offer so that no one else can buy it. The reservation fee is included in the total price of the property, so in the end you pay nothing extra.
An abbreviation of Dubai Land Department, the central cadastral authority and regulatory body for the real estate market in Dubai. It is the cornerstone of the most dynamic and globally influential real estate sector in the Middle East, documenting and controlling the activities of developers, researching and mapping properties, but most importantly protecting your money through escrow accounts.
This is an annual fee for managing the common areas of the property and the services available within your community (gardens, BBQ areas, swimming pools, fitness, sauna, etc.). The calculation of the Service Charge (also known as Service Fee) depends on the area in which your property is located (areas further away from the coast usually have a lower Service Fee). The basic unit is the amount per square foot, so the larger your property is, the higher the amount of Service charge you will need to pay each year.
The service of an independent inspector experienced in structural engineering, interior design and structural engineering to ensure that the property you are taking over has no defects. In the event that a snagger finds a defect, they will immediately point it out to the developer who has the OBLIGATION to repair the defect at their own expense. The price of the snagging is around 15 000 CZK.
It is not possible right away, but it is possible during construction. Developers determine the percentage of the property that you have to pay off before you can sell the property (from 20% to 60% of the project completion), subject to obtaining an OQOOD from the DLD (Dubai Land Department).
As part of the overselling, we are moving to the secondary property market in Dubai where the owner resells to another individual, rarely are there actual developers. Developers dominate the primary market, where they sell properties to first owners. The secondary market carries more fees than the primary market, in the form of the classic 4% DLD fee for the land registry work, then AED 2,000 - 5,000 + VAT transfer fees, then 2% + VAT as commission to the real estate agent or broker (yes, only real estate agents can do property resales in Dubai, you cannot resell without one; however, our partner real estate agency will take care of you, don't worry) and lastly AED 4,000 + VAT for notary services. Generally speaking, a secondary market transaction, including a resale, carries more costs than buying from a developer in the primary market.
Yes. You can resell from a certain percentage of the property. The specific limit is determined individually by each developer (from 20% to 60%).
Not in physical characteristics. They are still real estate that can serve both purposes. However, the specifics of a property for resale include its location, its appearance and overall design, the brand of the developer, its availability, its limited supply, etc. If you are interested in reselling, our real estate specialists will recommend properties that meet these criteria so that you can meet your investment objective.
When you buy a property at the beginning of the sales process (called launch), you have the lowest possible price at which the property is available for sale. Before completion, property prices usually rise by 20% or more depending on the details of the property. Thus, it is possible to buy a property at the outset at a low price and resell it just before completion, when less adventurous investors, already having a tangible result of the developer's activities, will buy and usually at a much higher price, with the prospect of completion and takeover imminent.
