When acquiring a property, you are required to pay a one-time fee equal to 4% of the property's purchase price to the Dubai Land Department (DLD). Notably, there are no taxes imposed on any profits when you choose to sell the property. All appreciation gains from the property are entirely yours!

For purchasing a property within the project, you have various payment options at your disposal. You can opt for cash payments, utilize cryptocurrencies, use credit cards, or conduct a bank transfer. It's important to note that in Dubai, there are no restrictions on the amount of cash, and there's no requirement to disclose the source of funds. Please be aware that payments should be made directly to the construction company, bypassing any involvement with real estate agents.

Certainly! Upon purchasing the property, you gain permanent ownership of both the property and the land, with the option to sell it at your discretion. In 2006, the government granted full ownership rights to all foreigners in 33 free trade zones in Dubai. After completing the property registration process with the Dubai Land Department (DLD), you will receive a property ownership deed sent directly to your email address.

The funds you transfer to the construction company are held in a secure escrow account backed by a bank, ensuring the safety of investors' funds until the property is delivered. Dubai maintains stringent government oversight, control, and enforcement measures to fully safeguard investor funds. You are not required to open a bank account or engage in the process, as everything is managed by the construction company.

No, there is no necessity for legal representation. In Dubai, a standardized property purchase contract is used by all construction companies, and this contract cannot be altered or changed.