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Flat 138 м² in Dubai, UAE (United Arab Emirates)

ID 4OUk3
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Area
138 m²
Bedrooms
2
Bathrooms
3

Description

Real Resale | Canal View | Big Design

Canal Front Residences is a new project from Meydan Group that offers waterfront apartments in Dubai Water Canal. These luxurious residences are complemented with modern fittings and equipment to offer you complete comfort and convenience. Located close to the illustrious Dubai Water Canal area, this project offers a family friendly environment and amenities. Property details: 2 bedrooms, 3 bathrooms, fitted closets, fully fitted kitchen, floor to ceiling windows, payment plan available, expected delivery in the third quarter of 2024. Features: ◆ Gym ◆ Swimming pool ◆ Multifunctional room/playground ◆ Pedestrian connection between Safa and Jumeirah Beach neighborhoods ◆ Direct access to the boardwalk and Dubai Water Canal. Metropolitan Premium Properties (MPP) is dedicated to providing our clients with a wide range of services: sales, leasing, property management, advisory services, mortgage lending and more.

Characteristics

Property type
Residential Properties
Object type
Flat
Price
1 359 803 $

FAQ

How can I get a residence permit by buying property in UAE (United Arab Emirates)?

In UAE (United Arab Emirates) a residence permit is typically issued based on a minimum investment threshold. Applications are reviewed within 30–60 days in Dubai; you will need a passport, proof of funds, and the ownership documents. Hatamatata helps prepare and submit the paperwork.

Is a mortgage available for non-residents in UAE (United Arab Emirates)?

Banks in UAE (United Arab Emirates) finance 50–70% of the property value for non-residents with rates of 3–5% for 20–30 years. A life insurance policy and a 30–40% down payment are usually required. Terms and programs vary by city and bank.

What taxes and fees apply when buying in UAE (United Arab Emirates)?

Expected expenses: transfer tax 0–15%, registration 0.5–2%, notary 0.5–1.5%, agent commission 0–3%. In total 2–20% on top of the purchase price. Exact rates depend on region, property type and programs.

How is the title checked in UAE (United Arab Emirates)?

A title search at the land registry of UAE (United Arab Emirates) takes 10–15 business days. You receive ownership, encumbrance and tax clearance certificates. Documents are translated and reviewed by a lawyer before signing.

Can I rent out property after purchase in UAE (United Arab Emirates)?

Yes. Rental income tax is 5–25% depending on the regime. In Dubai short-term tourist rentals typically yield 5–8% per year. Municipal permission and income registration are usually required.

Is a property inspection recommended before purchase?

Yes. An inspection costs about 0.5–1% of the price (1 359 803 $) and covers structure, utilities and legal status. Hatamatata arranges a qualified engineer with an EN/RU report.

How long does the purchase process take in UAE (United Arab Emirates)?

A typical transaction runs 30–90 days, averaging 45 in Dubai: due diligence (10–15 days), notarization (5–7 days), registration (10–14 days), residence permit (30–60 days, if needed).

Related sections

Flat with 2 bedrooms in Dubai, UAE (United Arab Emirates)