Jumeirah Lake Towers, Dubai

Jumeirah Lake Towers, Dubai: buyer questions

How much does property in Jumeirah Lake Towers cost?

Realty Hunting lists 4 projects in Jumeirah Lake Towers. Entry prices start at AED 834K, about Rs 2.15 Cr at Rs 25.75 to the dirham, and the most expensive project on the list starts at AED 8.32M. The developers are Danube Properties (Danube Group), MAG Property Development (MAG Group), Me Do Re Properties DMCC and Orra Real Estate Development (Orra Developers); one portal credits Prestige One. 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 Jumeirah Lake Towers?

The fees are Dubai's, the same in Jumeirah Lake Towers 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 834K, the DLD fee alone is AED 33K, about Rs 9 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 Jumeirah Lake Towers 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 4 priced Jumeirah Lake Towers 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 Jumeirah Lake Towers 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.