Dubai is the most populous city in the United Arab Emirates and the capital of the Emirate of Dubai. It was established in the 18th century as a small fishing village and grew rapidly in the early 21st century with a focus on tourism and luxury. Dubai has the second-most five-star hotels in the world and the tallest building in the world, the Burj Khalifa. It is located on the coast of the Persian Gulf and is a major global transport hub for passengers and cargo. Dubai is a cosmopolitan city with over 200 nationalities represented. The Emirate of Dubai is the 2nd largest of the 7 United Arab Emirates but has the largest population, with over 3.5 million inhabitants as of 2021.
Steps to Buy an apartment in Dubai
- Define your purchasing criteria, such as location, size, amenities, and budget. Dubai has many freehold areas where expats can buy property, such as Dubai Marina, Downtown Dubai, Palm Jumeirah, and more.
- Find a property that matches your criteria and negotiate the terms of sale with the seller. You can contact our Dubai expert to learn about the thousands of apartments for sale in Dubai.
- Sign the agreement of sale and apply for a No Objection Certificate from the developer. This is a document that confirms that the seller has no outstanding dues on the property and that the developer has no objection to the transfer of ownership.
- Transfer the ownership to the Dubai Land Department and pay the fees and taxes. You will need to pay 4% of the property value as a transfer fee, 0.25% of the mortgage value as a mortgage registration fee, and 2% of the property value as an agency fee. You will also need to have a valid passport and a residence visa (if applicable) when buying property in Dubai.
Buy or Sell Dubai Property from Paklistan
If you are a Pakistani national seeking to invest in overseas real estate, Dubai is a great place to start. However, buying property in Dubai may be a complicated procedure, especially if you are unfamiliar with the legal requirements. Our Dubai real estate experts will lead you through the process of buying property in Dubai from Lahore, Pakistan, without any hassle. To get maximum ROI, you can invest in commercial real estate in Dubai.
Where to Invest in Dubai
Dubailand, Dubai International Financial Centre, Jumeirah Village Circle, Downtown Dubai, and Jumeirah Beach Residence are among the most popular districts. You can invest in flats, studios, duplexes, villas, and townhouses in Dubai’s residential real estate market as a Pakistani.
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