Property in Dubai

Population: 1.450.000
Area: 3.900 km2
Language: Arabic, English, Hindi
Currency: dhiram (AED)
Gdp Growth: %3.2
Dialing code: + 971
Emergency service: 999
Embassy phone in London: +44 20 75811281
Visa requiry: not for 2 months
Dublin - Dubai distance: 5.918 km
Agent Fees: %2 - %10 paid by seller
Legal fees: none
Season High: Oct - May

Buying Process and taxes It is still not permitted to for foreigners to buy a property in Dubai. A government announcement has been scheduled for early 2006, which is widely expected to legalize foreign free hold ownership – but the bottom line is that you do not yet legally have title to the property you are paying for. With this in mind it is fairly obvious nobody should proceed without a legal advice. Dubai is entirely tax free. Bear in mind, however, that you may be liable for tax in Ireland. Consult a tax specialist to confirm your exact liability. As is often the case, there are also benefits to be obtained from consulting a currency specialist.