Every real estate journey is unique, which is why we’ve assembled a dedicated team offering a comprehensive range of services tailored to meet diverse client needs. Our mission is to guide each client towards the best opportunities—whether it’s securing a short or long-term rental, finding the perfect commercial space, making a smart investment, or discovering their dream home.
At Playa, we are committed to unlocking the full potential of the Dubai real estate market for our clients. We empower our team to provide exceptional service and support, grounded in trust, accountability, and a deep commitment to our community.
Shadi is a Broker as well as an owner of Playa Real Estate Brokerage. He was born in Jordan and studied in Florence- Italy. Shadi has been in real estate business since 2004 and has witnessed the fastest transactions and sailed through the tide during the downturn. He’s great at understanding investors’ needs.
Shadi peaks Arabic, English and Italian.
Antonella is a broker / Partner at Playa Real Estate Brokerage. Originally from Italy and decided to move to Dubai in 2018. Antonella realized on her career that her motivation, personality and work ethic were well suited in a sales environment and decided instantly that she would enjoy living here.
Antonella speaks English and Italian.
Sara is a professional and results-driven Real Estate Broker with extensive experience helping clients buy, sell, and lease residential and commercial properties. Known for deep market knowledge, strong negotiation skills, and personalized service, she's committed to guiding clients through every step of their real estate journey.
Sara speaks English and Persian.
Shermie is a dedicated Real Estate Executive Administrator with a proven track record in providing top-tier administrative and operational support to real estate professionals and clients. With expertise in coordinating property transactions, managing client relations, and ensuring seamless office operations, she plays a pivotal role in driving business efficiency and client satisfaction.
Shermie speaks English
You probably have questions. When is the best time to buy or sell? How much house can I afford? How much is my house worth? It might seem intimidating, but our experienced group is here to help!
Investing in property in Dubai or the UAE can offer several key benefits:
Stable and Growing Economy: Dubai and the UAE have consistently shown economic stability and growth. The government's efforts to diversify the economy have led to various industries flourishing, attracting businesses and expatriates. A stable economy often correlates with a strong property market.
Tax Advantages: Dubai and many parts of the UAE offer tax-friendly environments. There is no personal income tax, and no capital gains tax on property sales, making it an attractive option for investors seeking to maximize returns.
High Rental Yields: The rental market in Dubai can be quite lucrative, with high rental yields compared to many other global cities. This is particularly appealing for buy-to-let investors.
Lifestyle and Culture: Dubai, in particular, offers a high standard of living with a mix of modernity and cultural richness. This attracts expatriates, tourists, and potential tenants, making it a vibrant rental market.
Infrastructure and Development: The UAE consistently invests in infrastructure and development projects, including transportation, healthcare, education, and entertainment. This enhances the overall quality of life and increases property values.
Freehold Ownership: Many areas in Dubai and the UAE offer freehold ownership to foreigners, allowing them to own property with full ownership rights. This provides security and flexibility for investors.
Diverse Property Types: Dubai offers a wide range of property types, from luxury apartments and villas to commercial properties. This diversity caters to various investor preferences and budgets.
Tourism and Business Hub: Dubai and the UAE are major global business and tourist hubs. This ensures a constant influx of visitors, which can translate into a steady stream of potential tenants for property investors.
High-Quality Real Estate: Dubai is known for its high-quality real estate developments, often equipped with world-class amenities and facilities. This can attract high-end tenants and buyers.
Residency and Citizenship: Certain property investments in the UAE, particularly in Dubai, can make investors eligible for residency or long-term visas, which can be appealing for those looking to live or work in the country.
Real estate investors in the UAE have a fantastic opportunity. If you own a property valued at AED 750,000 or more at the time of purchase, you can apply for a renewable two-year residence permit. Notably, you can sponsor your spouse and children under this permit.
But the rewards get even more substantial for investors in higher-value properties. If you've invested in a property with a purchase value of AED 2 million or more, you're eligible to apply for a renewable 10-year residence permit. This extended permit not only covers your spouse and children but also includes the ability to sponsor your parents.
Now, even if your property is under a mortgage, you can still take advantage of this program. All you need to do is provide a bank letter confirming that you've paid AED 2 million. This letter serves as proof of your eligibility for the 10-year residence permit.
This initiative reflects the UAE's commitment to welcoming and rewarding real estate investors while also promoting family unity. Please seek independent advice from legal and tax professionals and relevant local authorities before making any decision
The process of buying a property in Dubai is fairly simple. Here’s a step-by-step breakdown.
Determine your Budget: Assess your financial situation to shortlist the properties you can buy. Consider additional costs like registration fees, agent fees and maintenance charges.
Hire a Real Estate Agent: It is advised to hire a reputable real estate agent who is registered with the Dubai Land Department (DLD) to help you find the right property and navigate the legalities.
Property Search: Use Bayut’s property portal to find the right property for you.
Make an Offer: Once you find a suitable property, make a formal offer through your agent. If the seller accepts, you’ll proceed to sign a Memorandum of Understanding (MOU).
Secure Financing: If you need a mortgage, apply for one through a bank or financial institution. Ensure you have pre-approval to expedite the process.
Sign the Sales and Purchase Agreement: Both parties sign the Sale and Purchase Agreement (SPA), which outlines the terms and conditions of the sale. Here’s how you can register SPA with DLD.
Transfer Ownership: Pay the required fees and complete the transfer of ownership at the DLD. The property will be registered in your name and you will receive a title deed.
This is one of the most asked FAQs about buying a property in Dubai. Apart from the purchase price, other costs of buying a property in the emirate include:
Registration Fees: Approximately 4% of the property’s purchase price, payable to the DLD.
Agent Commission: Usually 2% of the purchase price.
Mortgage Fees: If applicable, including processing fees and interest rates.
Service Charges: Annual fees for the maintenance of communal areas in apartments and communities.
There are certain legal considerations you need to take into account when buying a property in Dubai.
Property Title Deed: Ensure the property has a clear title deed, free of any disputes.
Developer Reputation: For off-plan properties, research the developer’s track record for timely delivery and quality.
Contracts: All agreements should be in writing and registered with the DLD.
Foreign nationals are granted the privilege of property ownership in designated freehold zones across Dubai. This extends the opportunity for expatriates and international buyers, not residing in the UAE, to secure absolute ownership rights, free from leasehold or usufruct obligations, with the option to retain these rights for an impressive duration of up to 99 years.
Noteworthy details to bear in mind:
Title deeds are formally issued through the Dubai Land Department.
Property ownership is not constrained by age limitations.
Among the sought-after freehold areas in Dubai are Business Bay, Downtown Dubai, Discovery Gardens, Palm Jumeirah and DIFC Dubai. It is worth highlighting that Dubai's property acquisition regulations are often regarded as more permissive compared to other emirates within the UAE.
Dubai and the UAE in general have a tax-friendly environment for property ownership. However, tax regulations can change, and it's essential to stay updated with the latest developments. Here are some key points regarding taxes associated with owning property in Dubai and the UAE:
No Income Tax: One of the notable advantages is that there is no personal income tax on rental income or capital gains from property sales for individual property owners.
No Wealth Tax: The UAE does not levy wealth taxes on properties, which means you are not taxed on the value of your real estate holdings.
Value Added Tax (VAT): VAT is applicable to certain goods and services in the UAE, but residential property transactions (both sales and rentals) are generally exempt from VAT. However, commercial property rentals may be subject to VAT.
Municipal Fees and Service Charges: Property owners in Dubai may be required to pay annual municipal fees, commonly known as "housing fees" or "housing tax." These fees are typically a small percentage of the annual rental value of the property and are used to fund municipal services. Service charges are also applicable for properties in communities with shared facilities and amenities, such as gated communities or apartment complexes.
Capital Gains Tax: There is no capital gains tax on property sales for individual sellers in Dubai or the UAE.
Inheritance Tax: The UAE does not have inheritance tax or estate tax.
Please note that tax regulations can change over time, and it's essential to consult with local authorities or tax experts for the most up-to-date information on property-related taxes in Dubai and the UAE. Additionally, tax treaties and agreements with other countries may impact the tax obligations of foreign property owners in the UAE. Please seek independent advice from legal and tax professionals and relevant local authorities before making any decision.
In Dubai, you’ll find a variety of options to choose from. Here’s a look at different types of residential properties in Dubai.
Apartments: Dubai is known for its sky-high buildings. You’ll find studio flats, 1 to 3-bed units, duplex apartments, serviced flats and penthouses in the city.
Villas: These are detached or semi-detached houses. Most of the Dubai villas for sale are located in gated communities such as Arabian Ranches, Emirates Hills and The Springs. They usually come in configurations of 3 to 6-bedroom units. Some communities also have mansions offering more than 7 bedrooms.
Townhouses: These are similar to villas but typically share walls with neighbouring units, offering a sense of community to the residents.
Off-Plan Properties: These are properties sold before they are built. A perk of buying an off-plan property is that it’s often cheaper than completed units.
When contemplating property purchase in Dubai, it's vital to understand the legal and regulatory landscape. The property registration process is a critical aspect of property ownership. Prospective buyers should follow specific steps, including validating the property title deed with the Dubai Land Department (DLD) before they can officially register the property in their name.
Besides grasping the property registration process, it's crucial to be aware of the financial aspects. Property ownership in Dubai involves various costs, such as transfer fees, registration fees, and service charges, which varies as per the property's location and type.
Moreover, there are other legal requirements to consider. Dubai has specific laws governing property ownership by foreign nationals. Understanding these regulations and any potential restrictions is essential. Additionally, staying informed about property financing laws, mortgage requirements, and lease agreements, if applicable, is crucial for a smooth property purchase process in Dubai. Please seek independent advice from legal and tax professionals and relevant local authorities before making any decision.
The DLD is responsible for overseeing all real estate transactions in Dubai. It ensures that all property transfers are conducted legally and transparently. The DLD also maintains a public register of property ownership and provides various services, including property valuation and dispute resolution.
The Real Estate Regulatory Agency (RERA) oversees the real estate market in Dubai, ensuring transparency and protecting the rights of both buyers and sellers. It is a regulatory arm of DLD.
Here are a few tips to ensure a safe investment, particularly for first-time home buyers in Dubai:
Conduct Due Diligence: Research the property, developer and market conditions thoroughly.
Use Reputable Agents: Work with registered and experienced real estate agents.
Legal Advice: Consider hiring a lawyer to review contracts and offer legal advice.
Inspect the Property: If buying a completed unit, inspect it for any issues or discrepancies.
There you have it – FAQs about buying a property in Dubai. The real estate sector in the city offers high returns and attracts investors from all over the world. By understanding the process, costs and legalities involved, you can make an informed decision and enjoy the benefits of owning property in Dubai.
Going through the FAQs about moving to Dubai can help you weigh in the important aspects of this life-changing decision. Foreigners can also invest in usufruct properties in the UAE. Discover our comprehensive guide to usufruct agreements and learn everything you need to know about this unique investment opportunity.
Purchasing off-plan properties in Dubai can offer significant advantages, but it also comes with risks. Here's a typical process, along with associated benefits and risks:
Process for Purchasing Off-Plan Properties:
Research and Selection: Research various off-plan projects, developers, and locations. Consider your budget, investment goals, and the reputation of the developer. Choose a property that aligns with your objectives.
Reservation: Once you've selected a property, you'll typically need to pay a reservation fee to secure it. This fee is refundable within a specific period if you decide not to proceed.
Sales Agreement: Sign a sales agreement with the developer, which outlines the terms and conditions of the purchase. This document is crucial, so review it carefully.
Payments: Off-plan properties in Dubai often have a payment plan that spans the construction period. Payments are made in instalments, with a significant portion due upon completion.
Construction: As the project progresses, monitor construction milestones. Dubai's regulatory authorities often require developers to meet specific construction milestones before accepting payments.
Handover: Once the property is complete, it undergoes inspection, and if everything is satisfactory, the developer hands over the property to you.
Registration: Register the property in your name with the Dubai Land Department. This involves paying registration fees.
Possession: You can now take possession of the property, either for personal use or to rent it out.
Benefits of Purchasing Off-Plan:
Potential for Appreciation: Off-plan properties can appreciate in value during the construction period, offering the potential for capital gains.
Payment Flexibility: Developers often offer flexible payment plans, making it easier to manage finances.
Choice of Units: You can select from a range of units and may have customization options.
Modern Amenities: Off-plan projects often feature modern amenities and facilities.
Risks of Purchasing Off-Plan:
Delays: Construction delays can push back the completion date, affecting your investment timeline.
Quality Assurance: There's a risk that the final product may not meet your expectations in terms of quality and finishes.
Market Fluctuations: Economic or market fluctuations can impact property values.
Developer Reputation: The reputation and financial stability of the developer can affect project completion.
Legal Protections: While Dubai has introduced regulations to protect buyers, there's still a risk of disputes or changes to terms.
Resale Challenges: Selling off-plan properties before completion can be challenging, and market conditions may impact resale values.
To mitigate risks, research thoroughly, work with reputable developers, review contracts carefully, and consider consulting with real estate professionals. While off-plan investments can be lucrative, they require careful consideration and due diligence. Please seek independent advice from legal and tax professionals and relevant local authorities before making any decision.