The purchase process typically starts with a Memorandum of Understanding (MOU) between the Buyer and Seller. This agreement confirms the Buyer's commitment to buy the property and the Seller's commitment to sell it. The Buyer pays a booking deposit of no more than AED 100,000 for villas and apartments. If the Buyer cancels the transaction, the booking deposit will be forfeited. If a Seller withdraws, they must refund the Buyer's deposit. Once the property is successfully transferred to the Buyer, the Seller receives the remaining balance.

Expatriate employees and business owners can obtain a UAE residence visa through one of three options: official employment, company registration, or real estate acquisition. Male and female residents with valid residency permits can sponsor their spouses, children under 18, and unmarried daughters over 18. Expatriate business owners typically receive a three-year residence visa, while employees may be granted a one- to two-year visa based on their employment contract. The UAE government, subject to certain requirements, provides long-term visas to entrepreneurs, skilled professionals, researchers, and outstanding students.

The Government of Dubai issues the residence visa. It remains valid as long as the property owner meets all required conditions, including property ownership, passing security, medical checks and obtaining approval from the Ministry of Labor and Social Affairs.

Dubai's real estate market is classified as GCC-only or expat-friendly (freehold) based on property ownership regulations. GCC nationals (UAE, Saudi Arabia, Kuwait, Bahrain, Oman, and Qatar) can purchase properties in both types, while expatriates can only buy in expat-friendly areas. GCC nationals can obtain long-term visas, allowing them to stay in the UAE indefinitely.

The average property price in Dubai varies based on area, property type, and location. Property prices in Dubai typically range from AED 1,000,000 to AED 10,000,000 or higher. Investors can sell off-plan property contracts before the project is completed, but eligibility varies by developer. Emaar Properties requires investors to pay at least 40% of the property's total value before reselling. However, the threshold varies between developers, so it's important to check their specific policies.

Monopoly AVS Properties combines strategic vision and market expertise to capitalise on real estate opportunities in Dubai. Our passion is transforming complex market data into tailored investment strategies for success. Our team of professionals is dedicated to guiding you through your real estate journey with integrity, insight, and innovation. Our decisions are based on extensive research and understanding of Dubai's dynamic property market. At Monopoly AVS Properties, we strive to help you achieve lasting value in a competitive market.