Quick answers
Can foreigners buy property in Ras Al Khaimah?
Yes, in principle, in freehold areas confirmed by Ras Al Khaimah municipality. Here is what that means in practice, and how to check it for a specific project.
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Quick answers · Investor guides & insights
Practical answers on Dubai property: off-plan, payment plans, districts, developers, taxes and residency.
Quick answers
Can I buy property in Ras Al Khaimah without visiting?
Often yes, with a power of attorney and documents agreed in advance with your adviser. Here is what Orven handles remotely, and what can still require your presence or a notarised document.
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Quick answers
Who pays the Oqood registration fee in Dubai?
The buyer typically pays the Oqood fee as part of completing an off-plan purchase, but the exact amount and the timing are confirmed in your sale contract, not published as a general figure. Ask the developer, through your adviser, before you reserve.
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Quick answers
What is an assignment fee on off-plan resale?
An assignment fee is charged when you transfer an off-plan unit to a new buyer before handover. The amount is set by the developer and the Dubai Land Department and confirmed in your contract, alongside a required NOC.
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Quick answers
What is a property management agreement in Dubai?
A property management agreement covers finding tenants, registering the Ejari contract, collecting rent and arranging maintenance, for a fee set in the contract. Here is what it typically includes and what to check before signing.
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Quick answers
What is a statement of account from the developer?
A statement of account lists what you have paid so far on your off-plan purchase and what is still due, by instalment. Ask for one periodically and reconcile it against your own receipts rather than relying on memory.
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Quick answers
What is an anticipated completion date (ACD)?
An anticipated completion date is the developer's own target for finishing an off-plan project, published in the brochure or sale documents, not a guaranteed delivery date. Chelsea Residences and Bay Estate illustrate how it is used.
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Quick answers
What happens to my Golden Visa if I sell the property?
A Golden Visa obtained through property investment is tied to that investment. What happens if you sell is decided by the authorities and depends on your situation at the time, so confirm before you plan a sale.
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Quick answers
What if the bank valuation is lower than the purchase price?
A lender finances against its own valuation, not the price you agreed with the developer. If the two differ, you cover the gap yourself, so it is worth budgeting a margin rather than assuming full financing of the published price.
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What is a defects liability period?
A defects liability period is the window after handover during which the developer is responsible for fixing construction defects in your unit. Its exact duration is precised in your contract, with snagging as the way to report issues.
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Quick answers
What is a developer admin fee?
Beyond the Dubai Land Department's 4% registration fee, some developers charge their own administration or registration fee on a sale. Here is what it generally covers and why you should ask for the exact amount before reserving.
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Quick answers
What is a handover notice for an off-plan property?
A handover notice is the developer's formal notification that your off-plan unit is ready for completion. It triggers the final balance, a unit inspection and the transfer of keys, with exact timelines precised in your contract.
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What are the ongoing costs of owning property in Dubai?
Service charges, district cooling, utilities, insurance and management fees recur after handover, with no fixed amount published here. There is no annual property tax or rental income tax for individuals under current UAE rules.
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Quick answers
Is the DLD fee refunded if the project is cancelled?
What happens to the 4% DLD fee if an off-plan project is cancelled depends on the Dubai Land Department's own process and the terms of your sale contract. This is confirmed with the DLD and your adviser, not promised in advance.
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Quick answers
Is there capital gains tax when I sell Dubai property?
No, individuals do not pay capital gains tax in the UAE on the sale of a property. Your own country of residence may still tax the gain, and a resale carries its own fees, worth knowing before you sell.
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Quick answers
How to calculate gross and net rental yield
Gross yield is annual rent divided by price; net yield subtracts service charges, management fees, vacancy and purchase costs first. Here are both formulas with a clearly hypothetical example, no real rent figure attached.
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How do I pay the DLD fee from abroad?
You wire the 4% DLD fee the same way you wire your deposit or instalments, to the account the developer or your adviser confirms, timed around the step in your purchase where it falls due. For Chelsea Residences, it is added to the reservation payment.
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How do I follow Dubai property prices from abroad?
Follow developer project pages directly, watch for new phase announcements, and compare like-for-like typology and floor rather than headline figures from third-party listing sites. Your adviser fills in what is not published.
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Quick answers
Does the DLD fee count toward the Golden Visa threshold?
Whether the 4% Dubai Land Department registration fee counts toward the 2 million AED Golden Visa threshold, alongside the unit price, is a question the authorities decide. Here is why you should not build your eligibility on the fee.
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Do I need to declare my Dubai property in my home country?
Whether a foreign property must be declared, and how any related income or gain is treated, depends entirely on the rules of your own country of residence. Check with a tax adviser there; here is what documents to have ready.
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Quick answers
Can the developer increase the price after I sign the SPA?
Once you sign the sale agreement, the price in that contract is the price. New buyers may pay more in a later phase, but your own contract price does not move unless the agreement itself allows it. Here is what to check before you sign.
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Quick answers
Can I change the payment plan after signing the SPA?
The payment plan is part of your Sale and Purchase Agreement, so changing it generally needs a formal amendment from the developer rather than an informal request. Paying ahead of schedule is often more straightforward than changing the schedule itself.
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Can I get a mortgage before handover on an off-plan property?
Full financing before handover is uncommon; lenders generally finance an off-plan purchase closer to completion, though a pre-approval earlier in the process is possible, subject to the lender's own criteria.
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Can I rent out my unit before the title deed is issued?
It depends on the stage you are at, Oqood registration or a completed handover, and on Ejari and the developer's own rules. Confirm your specific project's position before assuming either way.
Read the guide →ORVEN PROPERTIES · DUBAI
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