Arjan, Dubai

Arjan, Dubai: buyer questions

How much does property in Arjan cost?

Realty Hunting lists 15 projects in Arjan. Entry prices start at AED 525K, about Rs 1.35 Cr at Rs 25.75 to the dirham, and the most expensive project on the list starts at AED 2M. The developers are Mashriq Elite Developments, Vincitore Real Estate Development (Vincitore Realty), Diamond Developers (the group behind The Sustainable City), Ellington Properties, Iman Developers and MAG Property Development (MAG Lifestyle Development), operated under the Marriott Executive Apartments brand. Each project page prints the developer's payment plan, the handover date on record and whether the project is registered with the Dubai Land Department.

What does a buyer pay on top of the price in Arjan?

The fees are Dubai's, the same in Arjan as in any other community: a 4% Dubai Land Department transfer fee, a registration fee (the trustee office on a ready unit, Oqood on an off-plan one) and, on a resale, an agency fee that is usually 2%. On the entry price here of AED 525K, the DLD fee alone is AED 21K, about Rs 5 lakh. There is no annual property tax, no stamp duty and no capital-gains tax. Off-plan instalments go into a DLD-regulated escrow account (Law 8 of 2007), released to the developer against construction milestones. A buyer paying from India remits under the RBI's Liberalised Remittance Scheme, USD 250,000 per person per financial year.

Does buying in Arjan qualify for the Golden Visa?

The 10-year Golden Visa needs property worth AED 2 million or more, ready or off-plan, with or without a mortgage. 1 of the 15 priced Arjan projects here starts at or above AED 2 million; in the others it takes a larger unit or two properties whose combined value crosses the line. The visa covers the buyer, spouse and children, and does not need a sponsor.

The Arjan area guide covers rents, yields and who is buying. The Dubai buying guide walks through the purchase step by step, and every Dubai community is one page up.