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Flat 559 м² in Dubai, UAE (United Arab Emirates)

ID 4Ok4i
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Area
559 m²
Bedrooms
4
Bathrooms
4

Description

Flat in Dubai. City - Dubai

REEF 997 — exclusive residences with innovative terraces and winter gardens.

The REEF 997 project by Reef Luxury Developments — is a fresh take on island living in Dubai on Dubai Islands: only 63 ultra-luxury residences with a focus on architectural innovation, comfort and high investment appeal.

Housing in REEF 997 includes apartments and penthouses with advanced solutions: patented sunken-balconies, Winter Gardens with an outdoor cooling system, as well as other outdoor elements that create comfort throughout the year.

The complex's amenities are designed for a high standard of living: infinity pool, children's pool, jacuzzi, hammock area, BBQ areas, outdoor cinema, yoga zones, children's playgrounds, fitness room and even a community garden.

The location on Dubai Islands ensures the prestige of the address: sea views, island atmosphere, proximity to waterfront routes and the development of the area's infrastructure. This combination makes the property attractive both for living and for renting out.

Contact now to get access to REEF 997 brochures and options, reserve the best units and lock in favorable terms at the launch stage.

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Characteristics

Property type
Residential Properties
Number of rooms
5
Object type
Flat
Price
5 395 065 $
Floor
8
Year of construction
2028

Infrastructure

  • Fitness center
  • Open pool
  • Cafeteria
  • Playground

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 (5 395 065 $) 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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