{"id":2802,"date":"2023-12-18T12:32:24","date_gmt":"2023-12-18T12:32:24","guid":{"rendered":"https:\/\/proaxispartners.com\/?p=2802"},"modified":"2023-12-18T12:32:28","modified_gmt":"2023-12-18T12:32:28","slug":"guide-buy-villa-in-dubai","status":"publish","type":"post","link":"https:\/\/proaxispartners.com\/en\/guide-buy-villa-in-dubai\/","title":{"rendered":"How to buy first villa in Dubai for expats: complete guide 2024 ?"},"content":{"rendered":"

Investing in property in Dubai: a big yes! But you still need to know what type of property to invest in. The problem is that there is a plethora of property on offer in Dubai<\/strong>. Studios, flats, penthouses? Why not buy a villa<\/strong>? In fact, in the Emirates, there are a good number of townhouses for sale in exceptional neighbourhoods, with all the extras (swimming pool, private cinema), in gated communities.<\/p>\n\n\n\n

Interested in buying a villa in Dubai<\/strong>? Find out everything you need to know in the rest of this comprehensive guide to buying a villa in Dubai<\/strong>!<\/p>\n\n\n\n

Why buy a villa in Dubai?<\/h2>\n\n\n\n

Buying a villa in Dubai, yes… but why exactly? There are many reasons! The first is that the market is buoyant. It’s hard to find anywhere else in the world where things are going so well. In a complicated context marked by wars, crises and inflation, the Dubai property market<\/strong> has never been in such good health.<\/p>\n\n\n\n

And the outlook is bright, particularly for the villa market. Numerous projects have been announced, and some superb neighbourhoods are also set to come on stream. Dubai Island and Palm Jebel Ali are just some of them, and the early returns are simply outstanding. In Palm Jebel Ali alone, all the first villas to go on sale were sold in just one evening.<\/p>\n\n\n\n

Last but not least is the vision of the government, which is working hard to provide investors with a favourable and sustainable framework for the very long term. In Dubai, plans for several decades are frequently announced, helping to boost interest in this part of the world.<\/p>\n\n\n\n

The 5 best areas to buy a villa in Dubai<\/h2>\n\n\n\n

Buying a villa in Dubai<\/strong>, yes, but where? Here is a quick selection of 5 of the most interesting areas in which to buy the villa of your dreams…<\/p>\n\n\n\n

Follow the guide!<\/p>\n\n\n\n

Jumeirah Village Circle        <\/h3>\n\n\n\n

Jumeirah Village Circle (JVC) is one of Dubai’s most popular neighbourhoods for property investors. And with good reason! Off-centre but close to the centre (Downtown), this neighbourhood is a city within a city. You can enjoy the peace and quiet, while still having access to all the amenities you need (health, education, shops, sports). Local developers offer exceptional villas at very competitive prices<\/strong>, especially when compared with other locations such as those shown below.<\/p>\n\n\n\n

Palm Jebel Ali<\/h3>\n\n\n\n

Recently relaunched, this project immediately attracted hundreds of investors. And with good reason, the first villa developments on Palm Jebel Ali<\/strong> were announced for sale… And what a success! And what a success! A fast-developing area, where you can live life to the full, without the slightest hassle: security, accessibility, facilities and services, the villas for sale on site have everything to please you.<\/p>\n\n\n\n

Dubai Islands<\/h3>\n\n\n\n

We’re talking about a neighbourhood that’s not even out of the ground yet, and that’s in full development. Five new islands to be built to the north of Dubai<\/strong>. A district that promises to be exceptional, with numerous shops and restaurants, health centres, parks and gardens, sports facilities and luxury hotels. Both flats and sumptuous villas will be sold on site. Don’t miss out!<\/p>\n\n\n\n

Damac Hills \/ Damac Hills 2<\/h3>\n\n\n\n

Damac Hills<\/strong> is a neighbourhood that has been entirely developed by property developer Damac. Once again, it’s a city within a city. It’s a gated community with some of the finest townhouses and villas on the market. In addition to the quality of the homes, you can also enjoy an artificial lagoon, parks, shops, restaurants and other sports facilities.<\/p>\n\n\n\n

Meydan<\/h3>\n\n\n\n

Meydan<\/strong> is not the best-known district in Dubai. And yet, there are many villas to be found here. It’s well located, just a few minutes’ drive from Downtown and Business Bay, two of the city’s main districts. It’s an area that’s becoming increasingly popular with expatriates and families looking for spacious, affordable accommodation<\/strong>.<\/p>\n\n\n\n

Understanding the villa market in Dubai<\/h3>\n\n\n\n

Buying a villa in Dubai<\/strong> is not like investing in France… It’s much simpler, even if there are a few criteria and characteristics that you need to be aware of. In fact, it’s better to be prepared and to have all the cards in your hand when you come to make your decision. Follow our guide to buying a villa in Dubai.<\/p>\n\n\n\n

Buying a villa off-plan<\/h3>\n\n\n\n

Looking to buy a villa in Dubai<\/strong>? You have two options: buying off-plan or buying on the secondary market. Investing in new-build property is perhaps the best way to go. There are plenty of exceptional developments available for sale. First-rate townhouses and villas from leading developers (Emaar, Damac, Nakheel). Villas at the best prices, in perfect locations.<\/p>\n\n\n\n

Ancillary services<\/h3>\n\n\n\n

Investing in property in Dubai<\/strong>, particularly villas, is a great way to diversify your business. As well as investing your marbles, you’ll also be able to take advantage of the services and extras that always come with residences and communities? Whether it’s 24\/7 security, a parking space, a private garden, a cinema, a swimming pool, a gym and much more, you can be sure that there’s something for you.<\/p>\n\n\n\n

Payment plan for villas<\/h3>\n\n\n\n

As with the purchase of a studio or flat in Dubai<\/strong>, the purchase of a villa is correlated to compliance with a payment plan, issued directly by the property developer. As a general rule, the first instalment is 10% (it can rise to 15 or 20%). To this amount must be added the notary’s fees, worth 4%. Thereafter, the instalments may be spread over several years, with amounts varying from 1 to 10% every 3 to 6 months or so. Interest-free bank payment plans!<\/p>\n\n\n\n

Buying your villa, freehold<\/h3>\n\n\n\n

This is customary in Dubai and the United Arab Emirates. You have the option of buying a villa on a freehold or leasehold basis. Leasehold means owning your property for 99 years only. Freehold, on the other hand, allows you to buy your villa or townhouse and own it for life.<\/p>\n\n\n\n

The price of a villa in Dubai<\/h3>\n\n\n\n

That’s all well and good. But how much does it cost to buy a villa in Dubai<\/strong>? In this complete guide to buying a villa in Dubai, we promised to answer all your questions… And that’s exactly what we’re going to do.<\/p>\n\n\n\n

First of all, you need to bear in mind that the price of a villa in Dubai<\/strong> varies according to a number of factors:<\/p>\n\n\n\n

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  • Size: a 5 to 7 bedroom villa will inevitably cost more than a 2 to 3 bedroom villa with similar facilities.<\/li>\n\n\n\n
  • Location: buying a villa in booming areas such as Palm Jebel Ali or Dubai Islands may be more expensive than buying a townhouse in well-known areas.<\/li>\n\n\n\n
  • Additional services: does your villa have its own private swimming pool, garden and parking for 2 or 3 vehicles, all in an ultra-secure area? If so, your purchase may be more expensive than that of a villa with none of these features.<\/li>\n<\/ul>\n\n\n\n

    What about prices? Some townhouses and semi-detached villas can be found for around 500,000 to 700,000 euros. Detached villas, on the other hand, often start at around 600,000 euros and can easily reach the million mark. For exceptional villas, prices can climb, or even explode, to several million euros.<\/p>\n\n\n\n

    Guide to buying a villa in Dubai<\/h2>\n\n\n\n

    This time it’s for sure, you’re going to buy or, at the very least, find out about the villas currently for sale<\/strong>? Here’s some valuable advice (the latest), to help you invest with all the cards in your hand.<\/p>\n\n\n\n

    Think carefully about all your criteria<\/h3>\n\n\n\n

    Before you embark on a time-consuming search, take a few moments to determine all your criteria. What are your objectives (primary residence, second home, rental)? What’s your budget? Which neighbourhoods are most interesting to you? Knowing the answers to these questions will help you refine your search, so that you can focus only on the developments that really interest you.<\/p>\n\n\n\n

    Call in an estate agent<\/h3>\n\n\n\n

    The best thing to do if you want to invest in property in Dubai is to be accompanied by an estate agent. Our RERA-certified agents will be able to guide you and put all their knowledge of both the market itself and Dubai at your disposal.<\/p>\n\n\n\n

    Delegating all this to an estate agent is essential, not least because everything can be done online, from a distance. If you prefer to travel, you don’t even have to. Elite Dubai Properties<\/strong>, in collaboration with its partners, is a benchmark in terms of support.<\/p>\n\n\n\n

    What documents do I need to buy a villa in Dubai?<\/h2>\n\n\n\n

    Unlike other country, the number of documents required to buy a villa in Dubai<\/strong> is anything but complicated. All you need to do is send :<\/p>\n\n\n\n