Dubai ranks #42 in Mercer’s 2021 Cost of Living Survey, making it more affordable than cities like San Francisco, London, and Paris. The cost of living in Dubai largely depends on where you choose to reside, with central locations typically being more expensive than areas further out.
For example, a 1-bedroom apartment in central Dubai can be rented for AED 5.5K (USD 1.5K) per month, while properties a bit farther away may cost around AED 3.6K (USD 1K). Monthly living expenses, including utilities, travel and transportation, groceries, and leisure activities, typically amount to AED 3.2K (USD 870) for a single person and around AED 11.8K (USD 3.2K) for a family of four.
In Dubai, health insurance is often provided by your employer or sponsor, so you won’t have to worry about extra medical expenses, making the city even more appealing for those considering relocation. Oasis Wealth can help you explore affordable living options, ensuring a smooth transition to this dynamic city.
In Dubai, UAE residents are required to renew their driving licenses every 5 years, while UAE and GCC nationals can renew theirs every 10 years. The renewal process can be completed online through the Roads and Transport Authority (RTA) website, the RTA Smart App, the Dubai Drive App, or via self-service machines at any Customer Happiness Center.
Before renewing your license, make sure to settle any outstanding traffic fines. If you are under 21, you will only need to provide a valid Emirates ID. However, drivers over 21 must also submit a recent eye test certificate. The renewal fees are AED 120 (USD 32) for those under 21, and AED 320 (USD 87) for those over 21. Once you have applied for the renewal and paid the required fees, you will receive a temporary driving license. The regular license will be issued within 5-15 days.
Selling property in Dubai is a straightforward process when you work with a qualified real estate agent. The first step is to select a specialist, and together, you’ll need to sign a ‘FORM A,’ which formally mandates the agent to broker and market your property. Once the form is submitted to the Dubai Land Department’s (DLD) Trakheesi system for approval, your property will be listed and advertised across multiple platforms, both online and offline.
When a buyer is found, you will sign a Memorandum of Understanding (MOU), or ‘FORM F,’ which serves as a legally binding agreement between you, the seller, and the purchaser. You will also need to obtain a No Objection Certificate (NOC) from the developer, which typically takes 5-7 days to issue.
The final step in the sales process is the ownership transfer. At this stage, you will need to provide the following documents: the signed MOU, the NOC, a copy of the title deed, a cheque to the seller, the 4% Dubai Land Department (DLD) Transfer Fee, and an original passport copy along with a valid visa or Emirates ID. Oasis Wealth is here to assist you through each step, ensuring a smooth and successful transaction.
Selling off-plan property in Dubai is entirely legal, but developers impose certain restrictions to maintain control over these transactions. Typically, most developers allow resale once 30-40% of the property value has been paid, and the existing payment plan can often be transferred to the new owner.
Once the minimum required amount is paid and you have obtained approval from the developer, you can begin the process of finding a potential buyer. This can be done with the help of an experienced real estate broker at Oasis Wealth, who can assist you in negotiating terms and setting the price. Both the buyer and seller must finalize the contract details, sign the necessary agreements, and secure a no-objection certificate (NOC) from the developer to proceed with the transfer of ownership.
Upon completion of the transfer, the new owner assumes responsibility for the remaining payments. It is important to note that while the 4% Dubai Land Department (DLD) Transfer Fee is generally paid by the buyer, it must be paid again by the new purchaser even if the fee was initially settled by the original owner. Oasis Wealth is here to guide you through the process, ensuring a smooth and hassle-free transaction.
Dubai offers an attractive real estate investment environment, with rental yields significantly higher than many other global markets. The average return on investment (ROI) in Dubai ranges from 5% to 9%, with property prices per square foot being much more affordable compared to cities like London, Hong Kong, and Paris. This makes Dubai an ideal location for owning luxury real estate without the hefty price tags associated with other major cities. Furthermore, Dubai offers a tax-friendly environment with no stamp duty or property taxes, enhancing the overall appeal for investors.
In addition, the Dubai Land Department (DLD) introduced a beneficial initiative in September 2021, reducing the minimum investment amount required to apply for a 3-year residence visa through property investment. The new minimum is AED 750K (USD 205K), down from AED 1M (USD 272K). This visa also includes family sponsorship, allowing investors to bring their spouse and children to Dubai. Oasis Wealth is here to help you navigate these opportunities, ensuring that your real estate investment not only yields financial benefits but also enhances your lifestyle in Dubai.
To begin your real estate investment journey in Dubai, the first step is to define your investment goals. Whether you are looking to purchase a property for personal use, rent it out for passive income, or resell for capital gains, Dubai’s diverse real estate market offers excellent opportunities. One of the key factors influencing property prices is location—proximity to key amenities like public transportation, healthcare facilities, schools, and retail centers can significantly enhance a property’s value.
Properties with easy access to transportation links and essential services tend to have higher demand, making them ideal investments.
When investing in Dubai real estate, it’s important to factor in additional costs such as the property transfer fee of 4%, which is typically split equally between the buyer and seller. Other expenses include insurance, a no-objection certificate (NOC) fee, annual maintenance fees, and real estate agent commission (usually around 2% of the property purchase price). Oasis Wealth is here to guide you through every step of the process, ensuring you make informed decisions and maximize your investment potential in Dubai’s thriving real estate market.
In Dubai, UAE residents can purchase properties only in designated freehold areas. Off-plan developments are an attractive investment option, as they often come with lower prices and flexible payment plans offered by developers. Additionally, you may apply for a mortgage to finance your purchase. Banks typically cover up to 80% of the property price for investments under AED 5M (USD 1.3M), while properties exceeding AED 5M (USD 1.3M) can secure up to 70% in financing.
Villas are especially sought-after in Dubai, as many expats relocating with their families prefer spacious properties that offer study/flexi-rooms, ample green spaces, and comprehensive amenities. For those seeking ultra-luxury living, Dubai’s iconic areas such as Palm Jumeirah and Dubai Marina are top destinations, making the city a prime location for high-net-worth individuals (HNWIs) globally. Oasis Wealth is here to guide you through the process, helping you explore the best property options and investment opportunities in Dubai’s dynamic real estate market.
Investing in Dubai’s real estate market presents an excellent opportunity to secure a long-term income. Many individuals opt to become landlords, and residential properties in Dubai can offer impressive returns on investment (ROI) ranging from 5% to 12%, significantly higher than in many European capital cities. While being a landlord involves responsibilities such as property maintenance, repairs, and restoration, working with a reputable property management service like Oasis Wealth can help streamline these tasks and save you time and effort. Typically, apartments generate a higher ROI compared to townhouses and villas.
When renting out your property, you will incur a 5% VAT tax, as well as annual maintenance fees payable to the Dubai Land Department (DLD). For optimal returns, we recommend purchasing compact residences such as 1-bedroom apartments or studios, particularly those located in areas with established infrastructure. After securing your property, Oasis Wealth can assist in finding reliable tenants, ensuring that your rental income starts flowing consistently—whether on a daily, weekly, monthly, or quarterly basis, depending on whether the rental is short-term or long-term.
Dubai’s property market is accessible to investors with varying budgets, and Oasis Wealth is here to help you get started, even with a modest investment. Here’s how beginners can take their first step:
Affordable Communities: Several affordable areas in Dubai offer great investment opportunities. Neighborhoods like Dubai International City, Jumeirah Lake Towers, Jumeirah Village Circle, and Dubai Sports City feature price-per-square-foot ranging from AED 447 to 870 (USD 121-236), with an average ROI of up to 6.5%. These communities provide solid options for those just starting in real estate investment.
Financing Options: If your budget is limited, consider leveraging a mortgage. First-time buyers in the UAE can access loan-to-value (LTV) ratios of up to 75% for properties valued below AED 5M (USD 1.36M), making property investment more accessible.
Post-Handover Payment Plans: Many developers in Dubai offer flexible post-handover payment plans, allowing you to pay 40-50% of the property value during construction. The remaining balance can be paid over several years after the property is handed over, easing the financial burden for new investors.
With Oasis Wealth’s guidance, you can confidently navigate the Dubai real estate market and make informed investment decisions that align with your goals.
Purchasing an apartment in Dubai is an excellent investment or lifestyle choice, and at Oasis Wealth, we guide you through the process with expert advice. Here’s what you should consider:
Choosing the Right Area: When selecting a location, factors like infrastructure, public transport links, healthcare, and educational facilities are crucial. Family-friendly communities like Dubai Hills Estate, Al Barari, and DAMAC Hills are popular choices. These areas feature spacious apartments and villas surrounded by lush greenery and offer a wealth of communal amenities.
Community Features: Enjoy access to gyms, gardens, swimming pools, BBQ areas, and multi-sports courts, making these communities ideal for families or individuals seeking a vibrant lifestyle.
Investment Potential: Buying an apartment or villa in Dubai is highly appealing due to its versatility. You can use the property as your private residence, generate rental income, or resell it for a profit in the future.
Dubai’s real estate market has seen a growing demand for spacious properties like townhouses and villas, driven by the shift toward remote working and learning. With Oasis Wealth, you can make informed decisions and secure the perfect property tailored to your needs.
Dubai’s property market offers diverse options to suit any budget, and Oasis Wealth is here to guide you in finding the ideal location for your investment or home.
Affordable Family-Friendly Communities: Popular neighborhoods such as Jumeirah Lake Towers, Jumeirah Village Circle, Dubai International City, and Dubai Sports City are excellent options. These areas offer price-per-square-foot ranging from AED 447 to 870 (USD 121-236), with an impressive average ROI of up to 6.5%.
Budget-Friendly Financing Options: For buyers on a limited budget, taking out a loan is a practical solution. Mortgages for first-time buyers in the UAE provide loan-to-value (LTV) ratios of up to 75% for properties valued below AED 5M (USD 1.36M).
Flexible Payment Plans: Many developers in Dubai offer post-handover payment plans. Typically, you’ll pay 40-50% of the property value during construction, with the remainder spread over several years after handover, making property ownership more accessible.
At Oasis Wealth, we simplify the process of buying property in Dubai by offering tailored advice and support to meet your needs and financial goals.
Off-plan property in Dubai refers to properties that are still under construction. At Oasis Wealth, we understand why this option appeals to both end-users and investors:
Lower Purchase Price: Off-plan properties are typically more affordable than ready-to-move-in units, making them an attractive entry point into Dubai’s real estate market.
Potential for Capital Appreciation: Investors can benefit from the option to resell the property before completion, often achieving significant returns.
Flexible Payment Plans: Most developers require only a 5-10% down payment, and you gain full ownership status immediately. The remaining balance can be paid during construction or upon/after handover, depending on the agreed payment plan.
Modern Features: Off-plan properties are brand new and equipped with the latest technology, contemporary designs, and lifestyle amenities, often including on-site facilities that enhance the living experience.
At Oasis Wealth, we help you unlock the potential of Dubai’s off-plan property market with expert guidance and tailored solutions to match your goals.
We make purchasing off-plan property in Dubai simple and transparent. Here’s how you can begin your journey:
- Eligibility: The UAE real estate market is open to international buyers. You only need a valid passport copy to purchase off-plan property; no visa or Emirates ID is required.
- Professional Guidance: Partner with a trusted real estate expert, like Oasis Wealth, to access detailed insights on the latest projects and find the perfect property for your needs.
- Reservation: Once you’ve chosen a property, reserve your unit at the developer’s sales office by signing the Sales and Purchase Agreement (SPA) and paying a deposit fee.
- Registration: Within 30 days of reservation, pay a 4% Dubai Land Department (DLD) fee and the Oqood registration fee to officially register the property.
- Payment Plan: Follow the payment plan set by the developer, making instalments as scheduled until the property is completed.
- Handover: After completing the final instalment, you’ll receive the keys to your new property and can start enjoying its benefits.
Oasis Wealth is here to guide you every step of the way, ensuring a seamless and rewarding experience in Dubai’s dynamic real estate market.
At Oasis Wealth, real estate investment in Dubai offers an exceptional opportunity for generating long-term income. Dubai’s vibrant market allows you to:
- Buy and Resell: Purchase a property, enhance its value through renovations, and sell it at a profit.
- Rental Income: Acquire commercial or residential properties and benefit from rental income, which can cover ownership costs and yield a steady profit.
- Diverse Investment Options: Explore modern investment avenues like owning shares in Real Estate Investment Trusts (REITs), participating in crowdfunding ventures, or leveraging the expertise of a local property manager to oversee a rental property on your behalf.
Whether you’re seeking passive income or actively managing your investments, Dubai’s real estate market provides a wealth of opportunities to achieve your financial goals.
Investing in Dubai’s real estate market offers a multitude of benefits, making it an attractive choice for both seasoned investors and newcomers. Here’s why:
Affordable Property Prices
Compared to regions like Europe, America, or Asia, property prices in Dubai are significantly more competitive, providing exceptional value for money.
Hedge Against Inflation
Real estate is an excellent investment for reducing inflation’s impact, as there’s a direct correlation between the demand for real estate and economic growth in Dubai’s thriving economy.
Residency Benefits
3-Year Investor Visa: Available for purchasing ready-to-move-in properties starting at AED 750K (USD 205K).
5-Year Investor Visa: Obtainable when investing in ready properties with a minimum value of AED 2M (USD 545K).
As a residence visa holder, you can sponsor your spouse and children, making Dubai a perfect destination for families.
High Rental Yields Dubai offers rental yields of 8–10%, among the highest globally, ensuring excellent returns on your investment.
At Oasis Wealth, we help you navigate the dynamic real estate market, guiding you to make informed investment decisions and reap the benefits of Dubai’s unparalleled opportunities. Let’s build your future, together!
Absolutely! At Oasis Wealth, we guide foreign nationals and expats through the process of purchasing real estate in Dubai. Foreigners can acquire properties in designated ‘freehold’ areas, where ownership rights are unrestricted. You can enjoy freehold ownership or leasehold rights for up to 99 years, depending on your preference.
The Dubai Land Department issues the title deeds, and there are no age restrictions for owning property in Dubai. Some of the most sought-after freehold areas include Downtown Dubai, Business Bay, Dubai Creek Harbour, Dubai Investment Park, DAMAC Hills, and the iconic Palm Jumeirah Island.
At Oasis Wealth, we’re here to simplify the process, ensuring you secure the ideal property in this vibrant city. Let us help you turn your real estate vision into reality!
In January 2021, the UAE government approved amendments to the ‘Executive Regulation of the Citizenship and Passports Law,’ opening doors for certain categories of foreign nationals to obtain Emirati citizenship. This groundbreaking policy allows eligible individuals, along with their spouses and children, to acquire UAE citizenship while retaining their original nationality.
At Oasis Wealth, we emphasize that obtaining citizenship is a selective process, with nominees required to meet specific criteria. Categories eligible for UAE citizenship include:
Doctors, Investors, Inventors, Specialists, Scientists, Intellectuals, Individuals with Creative Talents each category has distinct eligibility conditions. For instance:
Investors must own property in the UAE.
Inventors must hold at least one patent approved by the UAE’s Ministry of Economy or a recognized international organization and secure a recommendation from the Ministry of Economy.
The citizenship acquisition process is exclusive and requires nominations by the Rulers’ and Crown Princes’ Courts, Executive Councils, or the UAE Cabinet, based on federal entities’ recommendations.
If you’re considering investment opportunities in Dubai that could potentially align with these criteria, Oasis Wealth is here to guide you through property ownership and other real estate ventures that might support your pathway to UAE citizenship.
Dubai’s real estate market offers a wide range of options to suit various budgets, making it accessible to both first-time buyers and seasoned investors. Whether you’re looking for affordable apartments or luxurious villas, there’s something for everyone in this vibrant emirate.
The location of a property significantly impacts its price. For those seeking budget-friendly apartments, areas such as Dubai Production City and International City are ideal options. If you’re interested in more spacious townhouses at competitive prices, neighborhoods like Serena and NSHAMA Town Square are excellent choices.
For villa seekers, some of the most affordable options can be found in Al Warsan, DAMAC Hills (AKOYA Oxygen), and Serena by Dubai Properties.
At Oasis Wealth, we specialize in guiding you through Dubai’s diverse property market to help you find the perfect home or investment opportunity that matches your needs and budget.
Explore your options with us today and discover the affordability of owning property in Dubai.
Investing in real estate in Dubai offers a multitude of benefits, making it an attractive choice for property buyers and investors alike. Dubai boasts high rental yields, ranging from an impressive 5% to 9% on average, which makes it one of the most lucrative property markets globally.
Additionally, Dubai’s real estate prices per square foot are significantly more affordable compared to other major global cities, allowing you to own prime property in a thriving metropolis without the premium price tag.
At Oasis Wealth, we also highlight the unique opportunities that Dubai offers to property owners. By purchasing real estate worth AED 750,000 (USD 204,000) or more, buyers become eligible to apply for a 3-year investor visa. Moreover, investments of AED 2,000,000 (USD 545,000) or above unlock eligibility for the prestigious 5-year UAE Golden Visa.
Another compelling reason to invest in Dubai is its favourable tax environment. Property owners enjoy zero property taxes and no stamp duties, further enhancing the financial appeal of owning real estate in this dynamic city.
Discover exclusive properties with Oasis Wealth and take advantage of these incredible opportunities today.
At Oasis Wealth, we provide access to a wide range of apartments in Dubai to suit various budgets and preferences. Apartment prices in Dubai vary significantly depending on the location and size of the property.
For affordable options, areas such as Jumeirah Lake Towers, Dubai Investment Park, and International City offer excellent value. For instance, a 2-bedroom apartment with a floor area of 2,044 sqft in Jumeirah Lake Towers starts at AED 130,000 (USD 35,000).
On the other hand, luxury properties can be found in prestigious districts like Palm Jumeirah, Jumeirah, Business Bay, Dubai Marina, and Downtown Dubai. Currently, the most exclusive property is a 5-bedroom ultra-luxury residence with a living area of 25,208 sqft in Atlantis The Royal Residences, Palm Jumeirah, priced at AED 180,000,000 (USD 49,000,000).
Oasis Wealth specializes in finding the perfect property for you, whether you’re looking for an affordable apartment or a luxury residence. Let us help you make your investment in Dubai’s vibrant real estate market.
Yes, it is possible to live in Dubai without a job through an investor visa. At Oasis Wealth, we help individuals explore property investment opportunities that can secure a 3-year investor visa, offering temporary residency in Dubai without requiring employment.
To qualify, you need to invest a minimum of AED 750,000 (USD 205,000) in residential real estate that is 100% ready for occupancy, as per the Dubai Land Department’s guidelines. This visa is renewable and provides the freedom to live in Dubai while enjoying the benefits of property ownership.
If you choose to invest in an off-plan property, you will become eligible for the 3-year investor visa once the construction is completed and the development is handed over.
Let Oasis Wealth guide you through this process, ensuring a seamless journey to residency and property ownership in Dubai.
At Oasis Wealth, we aim to provide insights and opportunities for those looking to establish a long-term presence in Dubai. Thanks to the UAE government’s introduction of the Golden Visa system in 2019, expatriates can obtain long-term residence visas for 5 or 10 years. These visas are renewable automatically, provided all requirements are met.
With a Golden Visa, foreigners can live, work, and study in the UAE without needing a national sponsor. Additionally, holders enjoy the privilege of 100% business ownership on the UAE mainland, offering unparalleled opportunities for personal and professional growth.
Eligibility for the Golden Visa includes categories such as investors, entrepreneurs, exceptional students, and specialized talents like scientists, researchers, and innovators across various fields of knowledge.
Oasis Wealth is here to guide you in exploring investment opportunities that may help you qualify for a Golden Visa, opening doors to permanent residency and a prosperous future in Dubai.
At Oasis Wealth, we assist expatriates and foreign nationals in exploring the best opportunities to purchase property in Dubai’s designated freehold areas. These areas allow full ownership, granting buyers the freedom to utilize their properties as they wish—whether for personal use or investment purposes. Owners can resell, rent, gift, or even pass on the property as inheritance.
Some of Dubai’s most sought-after freehold zones include Meydan City, Emirates Hills, Downtown Dubai, Dubai Hills, Al Barari, and Dubai Creek Harbour. These vibrant communities offer exceptional lifestyle and investment potential.
Oasis Wealth is committed to helping you find the perfect property in Dubai’s freehold areas, tailored to your needs and investment goals. Let us guide you toward making a smart and rewarding property investment.
At Oasis Wealth, we make property investment in Dubai seamless and efficient. Yes, investors can purchase property in Dubai with cash, and this approach comes with distinct advantages. Cash buyers often have the leverage to negotiate better deals, potentially securing properties at more favorable prices.
Additionally, purchasing real estate with cash simplifies the process, leading to quicker closings without the need for lengthy financing procedures. Direct cash transactions, whether with the seller or through our trusted agents, ensure a smooth and transparent experience.
Let Oasis Wealth guide you through every step of your cash property purchase in Dubai, making your investment journey stress-free and rewarding.
At Oasis Wealth, we specialize in providing exclusive property investment opportunities in Dubai and the UAE. The most affordable property currently available is a studio apartment of 511 sqft in The Square, Al Mamzar, priced at just AED 180,000 (USD 49,000). However, if you aim to secure a UAE investor visa through property investment, the minimum investment required is AED 750,000 (USD 204,000).
This investment grants you a 3-year investor visa, offering family sponsorship benefits, including for your spouse, children, and parents. Additional advantages of this visa include the ability to open a local bank account, reside in the UAE, and obtain a UAE driving license.
Oasis Wealth is here to guide you through the entire process, ensuring a seamless journey toward owning property and making Dubai your home.