Property for sale in Downtown Dubai, Dubai
Burj Khalifa district; the deepest resale market in the city. Building here: Emaar Properties, Dar Al Arkan (Dar Global) and Ginco Properties (GINCO Group). Every project below prints its payment plan, the handover date on record, the DLD status and the fees a buyer from India or anywhere else pays.
Emaar Grande Signature Residences Downtown Dubai
Opera District, Downtown Dubai
Residential
Downtown Dubai, Dubai: buyer questions
How much does property in Downtown Dubai cost?
Realty Hunting lists 4 projects in Downtown Dubai. Entry prices start at AED 1.61M, about Rs 4.15 Cr at Rs 25.75 to the dirham, and the most expensive project on the list starts at AED 3.83M. The developers are Emaar Properties, Dar Al Arkan (Dar Global) and Ginco Properties (GINCO Group). 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 Downtown Dubai?
The fees are Dubai's, the same in Downtown Dubai 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 1.61M, the DLD fee alone is AED 64K, about Rs 17 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 Downtown Dubai 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. 2 of the 4 priced Downtown Dubai projects here start 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 Downtown Dubai 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.