How Dubai Real Estate Works: A Guide by Certified International Property Specialist, GG Benitez

In this post, “How Dubai Real Estate Works” I’ll walk you through the essential steps you’ll need to confidently enter this vibrant market, whether you’re purchasing a home or building your international property portfolio.

Welcome to GG Benitez International! As a Certified International Property Specialist and a licensed Realtor®, I’m thrilled to be your guide to understanding how Dubai real estate works. Dubai’s real estate market offers unparalleled opportunities, with record-breaking transactions, prime investment zones, and exceptional financial benefits like zero property taxes and no capital gains taxes.

How Dubai Real Estate Works: Step-by-Step Guide

Investing in Dubai real estate is a structured process that protects investors while providing straightforward steps, even for those buying from abroad. Let’s dive into the Property Buyer’s Guide I’ve crafted, including key steps and insights to get you started.

Step 1: Register with a Certified International Property Specialist/Realtor® (That’s Me!)

The first step in your Dubai real estate journey is finding a certified and licensed professional who knows how Dubai real estate works. Working with an experienced Realtor® who understands international transactions can make the process seamless. I specialize in helping foreigners navigate Dubai’s market, guiding you to choose properties that match your investment goals. My role as a Certified International Property Specialist means I’m here to connect you with experts in every area you need—whether it’s tax attorneys, mortgage brokers, or property managers.

Step 2: Determine Your Budget

Understanding your budget is essential, and Dubai offers flexible payment plans that fit various financial profiles. I work closely with clients to explain fees and schedules, ensuring you’re well-informed and confident about the payment timelines that best suit your financial situation. Strategizing with your Realtor® is essential to ensure a smooth buying experience, so you know upfront what investment ranges will work for you.

Step 3: Identify the Right Properties

One of the advantages of working with a Certified International Property Specialist is access to insider information on Dubai’s newest project launches. Dubai’s real estate market is dynamic, with many opportunities, especially in off-plan developments. I stay updated on upcoming projects to help clients secure prime options before they hit the broader market. Once I present you with the best options, you’ll have the chance to tour the models in person or virtually, helping you visualize your investment.

Step 4: Reserve Your Off-Plan Property

After choosing your ideal property, the next step is reserving your unit with a deposit, typically between 2-10% of the property value. Dubai developers are accommodating, accepting deposits through various methods including credit cards, crypto, and wire transfers. At this stage, you’ll also submit a copy of your passport to complete the reservation.

Step 5: Book Your Unit

On launch day, you’ll complete the booking form and make a down payment of around 20%, depending on your selected payment plan. This process also includes a 4% Dubai Land Department (DLD) registration fee, a one-time fee that solidifies your property ownership. Additionally, there’s a small registration fee known as Oqood, which adds a layer of regulatory protection for your investment. Rest assured, your investment is safeguarded under Dubai’s Real Estate Regulatory Agency (RERA), which provides oversight for all developer transactions.

Step 6: Sign the Sales and Purchase Agreement (SPA)

Once you’ve paid approximately 24% of the property’s cost and signed the Booking Form, it’s time to finalize the Sales and Purchase Agreement (SPA). This legal contract formalizes the transaction between you and the developer, and you’ll receive a signed copy for your records. The SPA is a pivotal step that solidifies your investment, ensuring all terms are clear and enforceable.

Step 7: Continue Payments According to the Plan

The Dubai real estate market offers flexible payment plans, making it easier for investors to manage installments. Depending on the plan selected, you’ll continue payments as scheduled, with updates from me to ensure everything remains on track.

Step 8: Inspection and Handover

Finally, once your property is ready, the developer will invite you for an inspection, a critical step in how Dubai real estate works. I recommend bringing a professional inspection team to ensure the property meets your expectations. After the final inspection and your approval, the handover team will officially hand you the keys to your Dubai property. This moment is truly rewarding—your investment journey has come full circle, and you’re now the proud owner of Dubai real estate!

Watch Our Video Guide on How Dubai Real Estate Works

Understanding how Dubai real estate works can feel complex, but with the right guidance, it’s straightforward. I’ve created a detailed video that breaks down this process step-by-step, available on my Dubai Connect Podcast. This visual guide provides additional insights on financing, payment plans, and insider tips to get the most out of your investment in Dubai.

If you’re ready to explore the Dubai real estate market, connect with me today:

---

Ghada Benitez (“GG”)
Certified International Property Specialist / Licensed Realtor®
Host of The Dubai Connect Podcast™ & The Spain Connect
GG Benitez International
619.339.7978 | GG@GGBenitezInternational.com | WhatsApp
Realty Executives Dillon
DRE# 01487964