Investing in Dubai real estate is a good investment with a high return on investment. Compared to other countries, annual rental income can range from 6% to 13%, and in some cases up to 15% per annum. At the same time, you can buy an apartment in the emirate online.

In May 2020, in order to combat the pandemic, the government allowed all transactions regarding the purchase or sale of real estate to be carried out remotely. With the help of online services, a person can implement all the necessary procedures and transactions without a physical presence in Dubai, while being anywhere in the world. What steps need to be taken?

Step 1. Selection of real estate

To select real estate, you contact a real estate agency and engage in individual selection of real estate, where your requests are taken into account. After that, the broker sends you the necessary contracts and also asks you to provide the necessary documents.

Step 2. Deal

After all documents are submitted, the transaction is registered in a special system.

Step. 3. Identity verification

Special authorities in Dubai organize a video conference where I confirm the identity of the buyer and clarify the necessary points of the transaction.

Step 4. Down payment

The investor is sent a special account to which the agreed amount must be deposited.

Step 5. Documents on the right of ownership

After a successful payment, the investor receives documents on the right of ownership, as well as a contract of sale by e-mail.

How to pay?

The most popular way to transfer funds to Dubai is through digital assets, or cryptocurrency. At the same time, Dubai was one of the first to introduce the possibility of buying real estate for cryptocurrency.

The process is quite easy: the Buyer must set up their own cryptocurrency wallet. A real estate purchase transaction, regardless of the chosen payment method, usually begins with the selection of an object of interest and the agreement to further purchase conditions.

After the seller and the buyer set the parameters for the conclusion of the transaction, which will later be reflected in the contract of sale. At this stage, the value of a certain object in dirhams is converted into the corresponding cryptocurrency. The amount is specified in the contract and is not subject to revision.

The buyer transfers the cryptocurrency to the electronic wallet of the trading company. After the buyer is issued a check for subsequent transfer to the escrow account of the object. The check is given to the developer and the broker helps to close the deal.