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Flat 65 м² in Dubai, UAE (United Arab Emirates)

ID 4OVxg
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Area
65 m²
Bedrooms
1

Description

Flat in Dubai. City - Dubai

ID D1114_7_Residences

Who is it suitable for:

Definitely for investors - the project is located in a location with high demand for rentals, plus there is a large selection of studios and one-bedroom apartments in stock. It will also suit those who do not want to live in a busy area but still be within a 20-minute drive from the city's main tourist spots.

About the project:

7 Residences is a 14-storey club house with designer apartments equipped with household appliances and plumbing. Each unit has a cozy balcony where you can enjoy breakfast in the fresh air or do morning exercises.

Amenities:

  • pools for adults and children
  • gym and yoga area
  • spa area with saunas
  • pet play area
  • coffee shop and restaurant

Handover 70/30 installment plan:

10% - upon reservation;

60% - during construction;

30% - after project completion in October 2024.

Characteristics

Property type
Residential Properties
Number of rooms
1
Object type
Flat
Price
124 999 $
Floor
4

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 (124 999 $) 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 1 bedroom in Dubai, UAE (United Arab Emirates)