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Flat 99 м² in Dubai, UAE (United Arab Emirates)

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Area
99 m²
Bedrooms
2
Bathrooms
1

Description

Flat in Dubai. City - Dubai

Hotel apartments in the luxurious DAMAC Majestine complex! The apartments are fully furnished! Apartments for living and investment (ROI - 5% in $)! Rental income starting from $2000 per month! Complex is completed!

Amenities: luxurious SPA, parking, landscaped gardens, specialized shops, temperature-controlled pool, gym, sauna, and steam room.

Location:

The residential complex is situated in the prestigious Business Bay area. Nearby popular attractions include Bay Avenue, Downtown Dubai, Bay Square, and The Dubai Mall.

Well-connected transport links with bus stops and metro stations in close proximity to the residential complex.

We will guide you through all the intricacies of purchasing real estate in the UAE. We will find, show, and assist with buying property according to any requirements! Contact us via message or phone, we will answer all your queries!

Characteristics

Property type
Residential Properties
Number of rooms
3
Object type
Flat
Price
530 411 $
Floor
19
Year of construction
2023

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 (530 411 $) 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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