Frequently Asked Questions
Property Buying
Expats can purchase property in designated investment zones in Abu Dhabi. You will need a valid passport and proof of identity. Some developers or financing institutions may also require additional documentation, such as proof of income or residence status.
Freehold properties give the owner full ownership rights indefinitely, while leasehold properties are owned for a set period (usually 99 years), after which ownership reverts to the landlord or developer. Freehold ownership is available only in designated zones.
Yes, buyers typically pay a transfer fee (2% of the property value), agency commission (around 2%), and registration fees. It’s also essential to consider ongoing costs like service charges and maintenance fees.
Yes, both residents and non-residents can apply for a mortgage in Abu Dhabi. Eligibility depends on your income, credit history, and the property value. It’s advisable to consult with local banks or mortgage providers to understand the terms.
Abu Dhabi offers a wide range of properties, including apartments, villas, townhouses, and commercial spaces. These properties are available in various locations, from luxury waterfront developments to family-friendly communities.
The transaction process usually takes 30 to 60 days, depending on factors such as financing, documentation, and agreement between the buyer and seller.
Property Renting
Property owners in Abu Dhabi are allowed to rent out their properties. However, it’s important to comply with local laws, register tenancy contracts through the Tawtheeq system, and follow rental caps where applicable.
The process involves searching for a suitable property, negotiating rental terms with the landlord, signing a tenancy contract, and registering the lease through the Tawtheeq system. You will also need to pay the security deposit and the agreed-upon rental amount, usually in post-dated cheques.
Typically, you will need: A copy of your Emirates ID (or passport for non-residents). Proof of employment or a salary certificate. Bank account details for cheque payments.
Yes, additional costs may include: Security deposit (refundable). Agency commission (usually 5% of the annual rent). Utilities setup fees for electricity, water, and gas (through ADDC).
Yes, but early termination is subject to the terms of your tenancy agreement. Typically, you may need to provide a notice period and pay an early termination fee.
Yes, all tenancy contracts must be registered in the Tawtheeq system. This ensures legal recognition and is required to set up utilities and other services.
Property Selling
The process involves finding a buyer, agreeing on the sale price, signing a Memorandum of Understanding (MOU), and settling any outstanding fees or mortgages. The final step is transferring ownership through the Abu Dhabi Municipality, which includes paying transfer and registration fees.
Yes, sellers are responsible for:
- Agency commission (typically 2%).
- Transfer fees (2% of the property value).
- Clearing any outstanding service charges or mortgage balances.
The timeline varies depending on the market and buyer’s financing. On average, it takes 1 to 3 months to complete a sale, including documentation and transfer.
Yes, but you must settle the outstanding mortgage before transferring ownership. This is typically done by obtaining a liability letter from your bank and coordinating with the buyer for payment arrangements.
While it’s not mandatory, hiring a licensed real estate agent can streamline the process by helping with pricing, marketing, and legal documentation, as well as negotiating with potential buyers.
You will need: A copy of your property ownership document (Title Deed). Your Emirates ID or passport. Mortgage clearance (if applicable). NOC from the developer (if required).
No, the UAE does not impose capital gains tax on property sales. However, other fees such as transfer fees and agency commissions still apply.