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Flat 38 м² in Dubai, UAE (United Arab Emirates)

ID 4OeBd
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Area
38 m²
Bedrooms
4

Description

Apartment in Dubai. City - Dubai

Description

Property Details:
* Spacious Studio
* 1 Bathroom
* Area: 409 sq. ft.
* Payment Plan: 40% paid, 60% on handover
* Open Concept Layout

Step into the Peninsula Two Tower’s studio suite, where modern design meets convenience. The open-concept layout seamlessly integrates the living, dining, and sleeping areas, maximizing space and comfort. Large panoramic windows flood the room with natural light, offering breathtaking views of the bay, skyscrapers, and the iconic Burj Khalifa.

The studio is finished with sleek, contemporary materials that enhance its stylish appeal. The bathroom is well-appointed with modern fixtures, adding to the suite’s luxury. With a payment plan of 40% paid and 60% on handover, this property offers an attractive opportunity for both investors and future residents.

The Metropolitan Group is the leading real estate agency in the UAE, proudly recognized as the third Best Workplace™ in 2024 in the Large Business category by Great Place to Work. We speak 44+ languages, offering our local and international clients exceptional service, expert advice, and comprehensive support in property sales, purchase and rentals.

Characteristics

Property type
Residential Properties
Object type
Flat
Price
299 459 $

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 (299 459 $) 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).

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