Property for Sale in Al Muraqqabat, Dubai
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Dubai has always been counted among the world’s leading real estate destinations for investments. Among the several vibrant areas of this world-class city, a prominent position is occupied by Al Muraqqabat. Its ideal geographical position, unparalleled infrastructure, robust economy, and modern construction projects have enabled purchasing property in Al Muraqqabat, Dubai, as one of the top choices for local and overseas investors.
In this comprehensive guide by Dxboffplan, we have outlined everything that you should know when investing in Properties for sale in Al Muraqqabat.
Why Investing in a Dubai, Al Muraqqabat, Property Is a Sound Choice
Here are the reasons why investing in Al Muraqqabat is a lucrative move:
Strategic Location of Al Muraqqabat
The region is located where business centers, shopping, and public transportation are available. It’s also close to Sheikh Zayed Road, Dubai Airport, and other major attractions.
History and Significance of the Location
Al Muraqqabat is one of the areas which combines Dubai’s history with its new-age development so nicely. The sight of the older buildings alongside new-age towers are very special.
Economic Growth and Investment Opportunities
The demand for purchasing and leasing property in the region is high. That is because of robust infrastructure leading to an upward trend for prices. This surge is likely to continue for the next couple of years.
Steps for Purchasing a property in Al Muraqqabat
Buying property in Dubai’s Al Muraqqabat is a clear, legal, standardized Dubai government-regulated process. Here is how:
- Evaluating Your Budget: costs like obtaining a bank loan, and prospective return on investment should be defined at this stage.
- Choice of Property: go through several projects and select a property according to budget and specifications.
- Understanding Property Ownership Laws for Foreigners: Al Muraqqabat is a freehold area. This gives overseas purchasers a full right to have the property registered on their own names, sell, lease out for rent.
- Signing the MOU (Memorandum of Understanding): A memorandum of understanding is drawn up and signed between buyer and seller.
- Down Payment: paying 10% to 20% of the property value for a down payment.
- Title Deed Transfer at the Dubai Land Department (DLD): Both parties go to the DLD office, and once due payments have been made, the original title deed is issued in the buyer’s name.
Taxation And Other Charges on Purchase of Property
The customers here need to be aware of the additional fees, which are:
- Transfer Fee: Around 4% of property value, which are given to the Dubai Land Department.
- Commission for a Real Estate Agent: Usually between 2% and 5% of the property value, but negotiable between the parties involved.
- Registration Fee: A specific amount for the release of the title deed.
- Annual Service Charge: A maintenance charge for maintenance of the building, common facilities, etc.
All these expenses should be considered alongside the property’s purchase price during financial planning.
Al Muraqqabat Apartments for Sale
The region is famous for its high-rise towers, being near shopping centers, the metro, as well as the Airport. One and two bedroom apartments are very demanded here. They give high returns on investment.
Buy a Villa in Al Muraqqabat, Dubai
Properties for sale in Al Muraqqabat are great for people who desire luxury living and seclusion. Since there is a lesser number of accessible villas than flats, aspects such as gardens, green areas, and a modern layout make them highly desirable. They cost more as well.
Final Words
Properties for sale in Al Muraqqabat are a secure investment and will offer an urban lifestyle. With a great address, high connectivity, fast-developing economy, and solid infrastructure, the region is very desirable to investors. At Dxboffplan, we pride ourselves in helping you navigate through the entire property purchase process. Our team, with years of experience, will discuss with you the top projects we have in Al Muraqqabat and the latest property prices in Dubai.
Al Muraqqabat Projects price table
frequently asked questions
Yes. It’s a central and well-connected district, ideal for both living and investment. It is also a great place for families looking for a safe place to raise their children in an urban setting.
Yes, foreign investors can purchase freehold or leasehold properties depending on the project. That means complete rights when it comes to buying or selling the land.
There are apartments, offices, and mixed-use buildings for all kinds of budgets. Apartments have great design and high connectivity while the villas are more private and luxurious.