It is always possible to be subject to legal and/or tax controls, which is why our team of renowned professionals will help you protect yourself from any assessments, so that you are fully compliant with all legal and/or tax aspects.

Yes, all Italian citizens can buy real estate in Dubai.

Absolutely, it is not necessary to open either a bank account or a company in Dubai for an Italian resident who wants to buy a property in Dubai as a natural person. If you are interested in opening a company in Dubai to invest in real estate, our team of professionals can help you with this aspect as well.

It has been corrected in Dubai there are no taxes, 5% VAT was introduced recently.

I have never bought a property in Dubai and I wouldn’t know where to start. Buying a property in Dubai is much easier than buying a property in Italy, there is no need for the figure of the notary or trustee in the case of purchase from the developer, and all sales are registered at the Land Department which would be, in short, a bit like our land registry.

What I recommend you do is to be guided by those who have experience and invest their money themselves, only in this way will you have excellent results. There are many things you should be clear about before buying a property, such as what the goal of your investment is and what your future plans are. We strongly advise you to be wary of real estate agents and brokers of any kind.

Dubai’s real estate market is one of the most liquid in the world, so there have never been any problems in reselling real estate, unless the property has been purchased at a reasonable market price.

Do I have to travel all the time? In Dubai there are agencies specialized in 360° property management. At affordable prices, they take care of every aspect: from the search for tenants, to the drafting of the lease, up to maintenance.

Currently Dubai is not present in any authoritative list of cities at risk of real estate bubble, real estate prices in Dubai are at an all-time low.

VAT does not apply to residential properties. In contrast, commercial properties have 5% VAT.

The risk of rip-off in Dubai today is practically non-existent. Developer companies are required by law to have and demonstrate that they have significant liquidity available before they start building a property and selling on paper. In addition, all transactions are monitored and regulated by government bodies, agencies, and laws. The penalties for crimes in this sector are very severe and disputes are resolved in a short time thanks to courts dedicated exclusively to Real Estate. In any case, it is always advisable to choose to buy from established companies within the industry.

The foreign investor who buys a residential property can apply for a residence visa in case the purchased property has a value higher than AED 1,000,000 approximately EUR 250,000.

Generally, banks in the Emirate prefer to open bank accounts for residents, although they also open bank accounts for non-residents. However, the decision is at the discretion of the individual institution. There are no particular restrictions on opening a bank account for non-resident foreigners.

In Dubai, rents are paid annually in advance. Some extensions can be granted, for example through the issuance of post-dated checks covering the 12 monthly rents.

There is no rule, everything is negotiable… Today the trend is 4 checks, but it depends a lot on the location and type of property. Some tenants are willing to offer a single upfront check to get a discount, while others are willing to pay a higher amount than the market average to have 12 months of payment.

In Dubai, it almost never happens, but if it does, you can evict the defaulting tenant in up to 3 months, even if they live with family and children.

These are the condominium fees that every property owner must pay annually. Let’s make it clear and transparent right away. In Dubai, buildings they all have important dimensions, moreover by law each structure must have swimming pool, gym, reception with security, cleaning staff of the parties municipalities. All these SERVICES put together have a cost that is borne by the owners. Service Charges (as they are called in Dubai) are paid annually in a single instalment or in two/three/four tranches.

Since July 7, 2020, Dubai has been open and welcomes tourists again, in accordance with the official flight schedules of Dubai airports and according to the operation of the airports in the departure destinations.
It is also advisable to consult the updated indications of your country on travel and travel abroad.