1. What kind of properties does Elaris specialize in?
Elaris, a London-based real estate agency, is specialised in the Dubai property market. We provide comprehensive services to clients, including:
Property Transactions:
– Luxury apartment sales and purchases.
– Prime villa sales and purchases.
– Commercial space sales and purchases.
Off-Plan Investments:
– Exclusive access to pre-launch projects with competitive payment plans.
Property Management:
– Full-service management for overseas property owners, including inspections, maintenance, and rent collection.
Dubai Market Insights:
– In-depth analysis of neighbourhoods, market cycles, and upcoming developments.
Legal and Financial Coordination:
– Collaboration with reputable Dubai-based conveyancers, mortgage advisors, and banks.
2. Why choose Elaris?
- London-Based, Dubai Specialists – We understand both the UK and Dubai markets.
- Full Transparency – No hidden costs, clear guidance.
- Exclusive Access – Early opportunities in high-demand projects.
- End-to-End Service – From property search to post-purchase management.
3. Can Elaris manage my property while I’m abroad?
Yes, our property management services include tenant screening and lease agreements, rent collection and financial reporting, regular property inspections, maintenance and utility management, ensuring your property remains profitable and well-maintained without your physical presence.
4. I live in London. Can I buy a property in Dubai without visiting?
Dubai permits foreign ownership in designated freehold areas, facilitating remote property purchases. Elaris provides the following services:
- Virtual property tours and live video walkthroughs.
- Digital signing of contracts.
- Power of Attorney arrangements in Dubai for representation.
We meticulously adhere to all legal and regulatory requirements, including Oqood registration for off-plan properties and title deed issuance through the Dubai Land Department (DLD).
5. Do I need a visa to own property in Dubai?
No visa is required to purchase property. However, buying property worth AED 750,000+ may qualify you for a Dubai investor visa (valid 2–10 years depending on value), which can be renewed.
6. How secure is property ownership in Dubai?
Dubai’s freehold ownership laws guarantee rights for foreign buyers, with all transactions recorded by the DLD. Title deeds are issued in your name or company name, ensuring full legal protection.
7. Can I buy property in Dubai using cryptocurrency?
Yes, some developers and agencies accept cryptocurrency, usually via approved payment processors.
- Payments are typically converted to UAE Dirhams before registration.
- Buyers must ensure the crypto source complies with UAE anti-money laundering laws.
- Acceptance varies by developer, so it must be confirmed early in the process.
8. What is a DLD waiver in Dubai?
A DLD waiver is when a developer covers part or all of the 4% DLD transfer fee for the buyer. This is often offered during new launches or property exhibitions and can represent a significant saving.
9. What costs should I expect when buying in Dubai?
Beyond the property price, budget for:
- DLD Transfer Fee – 4% of the purchase price.
- Agency Fee – Typically 2%.
- Oqood Fee (off-plan) – AED 3,000 approx.
- Service Charges – Annual maintenance fees based on property size and amenities.
We provide a detailed cost sheet for transparency.
10. Do I need to pay service charges on an off-plan property before it’s completed?
No. Service charges which cover the maintenance of communal areas, building amenities, and shared facilities only apply once the property is completed and handed over. While your unit is under construction, you won’t pay these fees. However, you should factor service charges into your long-term cost projections, as they vary by development and can impact rental yield.
11. Can I get a mortgage for a Dubai property if I live in the UK?
Yes, many UAE banks offer mortgages to non-residents, typically up to 50–60% loan-to-value (LTV). To qualify, applicants must provide proof of income, a clean credit history, and a minimum deposit of 40–50%. Elaris collaborates with experienced mortgage brokers who specialise in securing finance for international buyers.
12. Which financial institutions are authorised by RERA to handle escrow accounts?
Only banks approved by the Real Estate Regulatory Agency (RERA) and registered with the Dubai Land Department can manage project escrow accounts. Examples include Emirates NBD, Abu Dhabi Commercial Bank (ADCB), Mashreq Bank, and Dubai Islamic Bank. Escrow accounts protect buyers by ensuring funds are only released to developers when construction milestones are met.
13. How can I tell if a payment plan is fair?
A fair payment plan should balance construction and handover payments. In Dubai, typical off-plan plans are 40–60% during construction and 40–60% at completion, with some offering post-handover instalments. Elaris assesses:
- Instalment matches actual progress.
- Flexibility and potential cash flow impact.
- Hidden fees or early payment penalties.
We tailor the structure to your investment goals and risk tolerance.
14. What does it mean to ‘vet’ a developer before buying?
Vetting a developer involves thorough due diligence to verify their credibility, financial stability, and track record. At Elaris, we assess:
– Past project quality, delivery timelines, and buyer satisfaction.
- RERA registration and compliance with Dubai’s real estate laws.
- History of disputes, delays, or cancellations.
- Financial health to ensure project completion.
This process safeguards buyers from risks and ensures a smooth investment experience.
15. How can I tell if a developer is reputable in Dubai?
A reputable developer is registered with RERA and the Dubai Land Department, has a proven history of delivering projects on time, uses quality construction materials, and maintains transparent payment terms. Checking past projects, buyer reviews, and whether the developer’s projects are free of major disputes is key before investing.
16. What happens if a project I’ve invested in is cancelled? Can I get my money back?
Yes. Dubai has strict buyer protection regulations under the Dubai Land Department (DLD) and the Real Estate Regulatory Agency (RERA). If a project is officially cancelled by RERA, the developer must refund all eligible buyers through the project’s escrow account. These funds are released in accordance with RERA’s procedures to ensure full transparency and protection for investors.
17. What is the difference between primary and secondary property markets in Dubai?
- Primary Market (Off-Plan/New) – Properties sold directly by the developer, often before completion, with flexible payment plans and potential for capital appreciation.
- Secondary Market (Resale) – Properties sold by a current owner. These are ready-to-move-in or already tenanted, with immediate rental returns possible.
18. What’s the difference between flipping and speculation in Dubai real estate?
- Flipping – Buying with the intent to sell shortly after for a profit, often when market conditions or construction progress increase value.
- Speculation – Buying purely to gamble on price increases without a clear investment strategy.
Dubai’s regulations, such as minimum payment thresholds before resale, aim to discourage risky speculation while allowing responsible flipping.
19. How do rental returns in Dubai compare to London?
Dubai’s yields are typically 6–8%, significantly higher than London’s 3–4%. The absence of capital gains tax, income tax, and annual property tax enhances profitability, especially in high-demand communities.
20. Are there budget-friendly areas options in Dubai for first-time buyers?
Yes. Communities like Jumeirah Village Circle, Dubai South, and Dubai Silicon Oasis offer modern homes at more accessible prices. Many off-plan projects also have flexible payment plans, making it easier for first-time buyers to enter the market.
21. When is the best time to sell my property in Dubai?
Peak selling seasons are January–May and September–November, when international buyer activity is high. Other good times include when your community is fully developed or during upward market cycles. Elaris tracks market trends to recommend the optimal listing moment.
