YOLO REAL ESTATE
Your Real Estate Agency in Dubai
YOLO Real Estate
YOLO Real Estate is a full cycle boutique agency specializing in selling off-plan property directly from developers and ready apartments and villas for self-living. Our commercial department offers a variety of options for investors and business owners like commercial villas, plots, hotels, office floors, retails and restaurants.
Our mission is to find the best options for investment and give investors a hand with further selling the property with a premium or leasing it out long-term and short-term. We search for distress deals, apartments or villas that owners are urgently looking to sell, rare and unique properties. So any kind of request you have will be satisfied.
Professional team of agents and property lawyers will check every deal to assure your safety and confidence.
Are you looking to invest in Dubai real estate market?
We have chosen the best off-plan projects for you
Work with us
First consultation
In the course of the meeting or online consultation we will discuss the goals and requirements for housing with you, our specialists will provide information about the current real estate market, agency services and the process of buying/selling the property
Property Search
After you define your criteria, our consultants will start searching for a property that meets your requirements. They will select the best objects on the market, invite you to have a look on them or organize a virtual tour, if necessary
Offer and negotiations
After choosing the project you like, we will help you make an offer and negotiate with the seller or developer on your behalf
Closing the deal
Then we fully accompany you in the transaction process. This includes coordinating with the owner, developer, the title company and other parties to the transaction to ensure that all necessary documents are signed, funds are transferred and the property is legally transferred to you
Follow-up
After closing the transaction the specialist continues to work with you to resolve any issues that arise: gives recommendations, reminds you of upcoming payments and does everything to ensure that you provide top-level service even after the real estate purchase procedure is complete
Frequently Asked Questions
Dubai has become the main destination for foreigners from all over the world who would like to simply move to the city or start their business there. It is estimated that up to 90% of Dubai's population are from other countries. What makes Dubai so attractive?
Advantage 1: High standard of living and security.
Firstly, Dubai can be proud of its high standard of living and exceptional security, with the city constantly being among the safest and most comfortable cities in the world. This is due to the strict legislation and severe penalties for crimes, which leads to a low crime rate.
Plus 2: Stable economy.
In addition, Dubai’s economy is stable: the exchange rate of the local currency – dirham – has remained unchanged for more than 15 years against the dollar, and inflation is nearly absent. Over the past three decades, Dubai's GDP has grown by 11 times, which is an indicator of a rapidly developing economy.
Plus 3: Tax benefits.
Another advantage of Dubai is the absence of income tax for individuals, there is only an annual property tax and taxes on rental and business income that have to be paid.
Plus 4: Communication in English.
In addition, English is used for everyday communication, consequently, there is no need to learn Arabic.
Plus 5: Tourism.
The city also attracts a steady flow of tourists: 19 million visitors were reported to have visited Dubai in 2021.
Plus 6: Real estate investment opportunities.
Real estate investments in Dubai are particularly profitable, the return on investment when leasing housing is 8-15% in foreign currency. The cost of Dubai real estate is constantly growing, with prices for budget housing rising by about 5-7% per year, and for luxury real estate – by 20-25%. This provides ample opportunities for investing in real estate and making a profit from its further resale
Plus 7: The advantages of buying a property during the construction stage.
Buying real estate in Dubai directly from developers at the construction stage also has its advantages, including interest-free instalments for up to five years with an initial payment of only 10%.
Plus 8: The possibility of obtaining a residence permit in the UAE.
When buying a real estate worth $ 205,000 or more, it is possible to obtain a residence permit in the UAE.
There are three main types of income that you can get when investing in the Dubai real estate market:
Purchase of real estate at the initial stage of sales and its subsequent resale, either at the construction stage or after the object was commissioned. As a rule, the price of real estate in Dubai increases by about 20-30% after the start of construction.
Long-term rental of apartments, usually for a year or more. This type of investment brings up to 8% profit per year.
Short-term rental, on a daily or weekly basis. The profitability of this type of investment can reach 15%, depending on the location and real estate type.
In our agency, our specialists provide professional assistance in choosing the best investment property in Dubai. We also help our clients find tenants for both long-term and short-term rentals, and if necessary, we can take over the management of real estate.
If you are considering relocating to Dubai permanently, then one of the first things you need to do is get a residence permit. Fortunately, there are several ways to get a UAE resident visa, which is valid for up to 10 years.
The most common methods are listed below:
Purchase a property:
If you buy a property in Dubai worth from $205,000, you can get a visa for two years. If you buy a property worth $545,000 or more, you can get a gold visa valid for 10 years.
Start a business or invest:
Starting a business or investing in an existing company in Dubai can also allow you to obtain a residence permit.
Employment contract:
Another way to get a resident visa is to sign an employment contract with a company in Dubai. The visa is valid for the entire duration of the contract.
Freelancing:
If you are a highly qualified freelancer, you can apply for a visa after obtaining a special license.
Talent or Scientific Skills
If you are a talented professional or scientist, you can get permission from the UAE ministries.
Enroll in a UAE educational institution:
Finally, admission to a UAE higher education institution will also provide you with a residence permit.
Keep in mind that some of these options require compliance with certain financial requirements. With this guide, you will be able to make an informed decision on what is the best way for you to obtain a residence permit in Dubai.
Tenants or property owners are responsible for paying housing and utility bills, which typically range from $150 to $300 per month depending on the type of property.
In addition, it is necessary to make a deposit of 340 USD to the Dubai Electricity and Water Supply Authority (DEWA) to connect water and electricity.
Apartment owners are responsible for paying an annual maintenance fee, which covers concierge services, security, cleaning of the building, pool and fitness room. This fee is usually between $30 and $80 per square meter.
Yes. In the United Arab Emirates (UAE), you can resell real estate under construction by paying 30% of its value. The real estate sale is not taxed on the difference in price, as there is no income tax in the UAE.
Regarding the documents required for resale, they include a NOC letter from the developer confirming that the owner has no debts to the developer, which is prepared by the developer and costs an average of 1,500 US dollars. In addition, copies of the passports of all owners and the buyer are required. The contract of sale, including detailed information about the seller, buyer, real estate and any additional conditions, is prepared by the agency.
Of course. the purchase and registration of an apartment can be carried out online and you will not have to arriving in Dubai. To do this, you leave a request on the website, specify your phone number, name –we call you, agree upon the convenient time, the agent conducts an online tour of real estate or shows the layout of the developer (if the object is still under construction), everything takes place as a video call. After making a choice, the transaction stage takes place.
The purchase and sale of real estate in Dubai takes place with the developer. After you have selected an object, you receive a link to pay for the reservation, usually it is 10%.
The payment methods are as follows:
- Swift-transfer to the developer's account
- Manager cheque if you have a bank account in the UAE
- Cash
- Cryptocurrency
All real estate transactions are registered within the online system of the Dubai Land Department.