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Dubai real estate is a market with great potential for population growth, increased tourism, and growth as a city within the next 20 years.
In 1960, Dubai initiated a plan labeled "The Dubai 2040 Urban Master Plan" and it is considered the seventh urban plan aimed at sustainable urban development.
Looking back at the project's records, Dubai's population has increased 80-fold from 40,000 in 1960 to 3.3 million by the end of 2020 and it is expected to grow from 3.3 million to 5.8 million between 2020 and 2040.
Not only so, but the Emirate's urban and built-up area has also increased 170-fold from 3.2 square kilometers within the same period.
The urban plan is designed to realize the vision of making Dubai a city with the best quality of life in the world, providing its citizens, residents, and visitors with the highest standard of urban infrastructure and facilities.
JCME will research properties with this urban planning in mind and introduce properties that meet our client's' needs.
We will listen to your objectives and suggest properties that meet your goals.
We will accompany you on the property inspection with our staff who can assist you in numerous languages, in line with Japanese service quality.
In recent years, it has become more difficult to open a bank account due to the tightening of measures against international financial crimes. Understanding the hurdle, we will assist you in opening a bank account according to your objectives.
Depending on the property, different payment methods are available, including one time payments, installment payments, bank loans, etc. We can also help you choose a payment method, such as bank transfer, cash, or check, and we will propose a payment plan that meets your needs.
Comprehensive assistance in selling your purchased or owned real estate.
JCME will responsibly guide you to reach your investment objectives, whether you want to use your property as a residence, rent it out, or resell it, leave the matter to our hands.
*Take note that most off-plan properties are eligible for resale upon completing payment of 40% of the total property price. Upon consideration of your budget we can tailor your investment objectives accordingly.
Is it possible for a Japanese resident to purchase real estate in Dubai?
Yes, it is possible.
If I buy a property in Dubai, can I get a residency visa?
Purchasing and owning a completed property valued at over 750,000 AED (approximately $200,000) qualifies for a 2-year real estate visa.
Investing in and holding a completed property valued at over 2 million AED (approximately $550,000) grants eligibility for a 10-year Golden Visa.
Both the 2-year and 10-year visas are subject to renewal before expiration and extendable to eligible family members.
Visa holders can apply for an Emirates ID, unlocking advantages such as bank account access and the ability to obtain a driver's license
What are the prices of Dubai real estate?
The prices of real estate in Dubai span a wide spectrum, influenced by factors such as location, size, and property type.
For instance, a standard studio apartment may range from $200,000 to well over a million dollars for a premium studio in an upscale residential area.
Our tailored proposals cater to diverse needs, ensuring a range of options to match individual preferences.
Can I get a loan to purchase real estate?
For Non-Residents:
Securing mortgages or loans for real estate purchases from Dubai banks can be challenging, often necessitating the ability to afford the property outright.
For Dubai Residents:
Residents with a steady income in Dubai can access mortgage loans from local banks, extending up to 25 years until the age of 65.
Property Owners in Dubai:
Owners of completed properties in Dubai have the option to leverage their existing property as collateral, enabling them to borrow from local banks for the acquisition of a new property.
If a foreigner purchases a Dubai property, is the rental income or profit from the sale really tax free in Dubai?
In Dubai, gains from real estate sales and rental income are indeed tax-free. However, for non-residents investing in Dubai properties, these gains may be subject to taxation based on the tax laws of their country of residence.
Can I buy and rent out property in Dubai to earn rental income?
Absolutely, purchasing a property in Dubai for rental purposes is a viable option. While our primary focus is on buying and selling properties, we collaborate with prominent leasing companies to facilitate rental agreements. Additionally, we extend our services to include agency management and interpretation services to support your rental endeavors.
What is the yield (ROI) from long-term and short-term rentals?
The rental yield, or Return on Investment (ROI), varies based on property type and location. On average, long-term rentals in Dubai generally yield between 5% to 8%, while short-term rentals can potentially offer higher yields, reaching up to 13% depending on the property and area.
If I buy a property in Dubai, how much is the agent fee?
There are two main ways to buy a property in Dubai:
Primary, where you buy directly from the developer, where we act as your agent, and you pay no commission.
The other is called Secondary, which involves purchasing completed or under-construction properties from existing owners. In such cases, the brokerage fee amounts to 2% of the property price, payable by both the buyer and seller.
If I buy or already own a property in Dubai, can JCME manage the property on my behalf?
Certainly, if your property is rented, it will be managed by a leasing company. However, should you encounter communication challenges due to language barriers or if you reside overseas, we offer comprehensive agency management services to oversee and manage your property on your behalf.
If a Developer goes bankrupt, will I get my money back?
In Dubai, for off-plan properties (sold before completion), funds for the real estate transaction are managed in an escrow account. This means that payments for the property are deposited into an escrow account rather than directly to the developer. In the event of developer insolvency, funds can be retrieved by the buyer from the escrow account, providing a safeguard for the invested money.