Apartments in the iconic Sky Tower apartment complex in the Business Bay neighborhood! Excellent option for living and investment! Rental income - from 6% in $! Provide investor's catalog! Apartments fully furnished and with appliances! Installment 0% after handing over the keys!Completion date - 2 sq. 2029.Amenities: gym, fitness center, spa, wellness center, children's play area, barbecue area, swimming pool, stores and restaurants and much more.Location:Al Hale Road - 2 minutes;Dubai Canal - 5 minutes;Dubai Fountain - 13 minutes;Dubai Mall - 14 minutes;Museum of the Future - 15 minutes.Payment plan:20% - down payment40% - during construction10% - upon completion30% - after completion within 2 yearsAvailability of available apartments will be provided upon request!Write or call to learn more!
Characteristics
Property type
Residential Properties
Number of rooms
3
Object type
Flat
Price
1 077 607 $
Floor
60
Year of construction
2029
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 (1 077 607 $) 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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