– So if you are planning to buy a property in Dubai … – and you are doing your research … – this video will help you. – Hi guys! My name is Denis and I’m a real estate agent in Dubai. – I decided to make a video about frequently asked questions … – and today we will discuss some of them. – So if you are planning to buy a property in Dubai and you are doing your research … – this video will help you. – Ok, now let’s move on – I will not discuss with you the benefits of the city … – because if you have it already in your list, most probably you know quite enough. – So let’s jump into the ownership of the property in Dubai. – Basically, if you are buying a property in the freehold area in Dubai … – you have a full ownership of the property and you can do whatever you want with it. – Basically, if I suggest you any project, most probably it will be a freehold project … – because we are not working with the leasehold property. – When you are buying a leasehold property … – it means that you are buying a right to use the property for a limited period of time. – And as usually it is 99 years. – Now, let’s move to the taxes … – In Dubai, there are no taxes related to the residential property. – So you don’t have to pay absolutely anything from your rent … – or in case you decide to resell your property. – There is the only one-time fee that you need to pay to the government. – It is usually 4%. – You are paying this amount only upon buying the property. – You will pay it to the developer … – and they will register your property in the government in case you are buying an off plan. – Or if there is a transfer of the ready unit you will just submit it to the trusty office. – But this money goes to the government. – It’s not going to the developer or to the seller. – Now, let’s talk about the banks. – You as a non-resident, you can open a bank account here … – and I have about it on my channel. – I will leave the link in the description below. – And as well you as a non-resident, you can as well apply for the mortgage. – But for you, banks will able to give only 50% of the value of the unit … – and it should be a ready property. – An as well I have a quite good video about it on this channel. – Starting price for a property in Dubai is somewhere around $125 000. – If you want to get an estimate about a price for a decent 1 bedroom apartment in a good community … – you should aim to somewhere $300 000 and up. – And again, it’s a very low price compared to some other major cities. – So there is a very good opportunity over here. – And the last thing that I will discuss in this video is related to the rent. – So you as a landlord in Dubai you have two options related to the rent … – You can rent it as a short-term or as a long-term. – In case you decide to go for the long-term the period of contract as usually will be 1 year … – and the tenant will give you post-dated cheques in advance. – So you can deposit these cheques to the bank … – and they will be cashed according to the date. – So you don’t have to come to Dubai in order to cash it. – And in case you decide to go for the short-term … – you can always hire a property management company. – I advise you to this because when there is the short-term there are a lot of things involved in this … – with moving in process, moving out, laundry, listings on the properties … – Like property website – Like Airbmb.com and Booking.com – All this can be done by the property management company. – Here, we call them a Holiday Home. – So Holiday Homes companies are companies that renting the properties on the short-term to the tourists. – In this case, as I said they will manage absolutely everything … – and they will keep on sending you money on a monthly basis. – I will finish this video over here. – Obviously, there are a lot of other things that we can discuss … – but I’m sure we can find a lot of answers on this channel. – Please don’t hesitate to leave your questions in the comments below … – I’m always replying to everybody over there. – Thank you for watching this video … – and I’ll see you in the next one. – Good bye.