Frequently Asked Questions

Swift responses to your most urgent inquiries.

To search for properties on Level Five Real Estate, simply navigate to our homepage and use the search bar. Enter specific details such as location, property type, and other preferences to view a list of available properties that match your criteria.
We strive to keep our property listings as current as possible. Listings are regularly updated to reflect the latest information. However, for the most up-to-date information, we recommend contact us for more information
Level Five Real Estate offers a diverse range of properties, including residential homes, apartments, commercial spaces, and rental properties. Explore our platform to find the perfect match for your needs.
The contact information provided in our property listing on Bilt Lij allows interested individuals to reach out to us directly. Feel free to contact us through the provided details to inquire about the property or schedule a viewing. We look forward to assisting you with any inquiries or property-related needs!

YES. In 2019, the UAE government introduced the Golden Visa system, offering long-term residence visas valid for 5 or 10 years. These visas are automatically renewable, provided all regulations are adhered to. Under this system, foreign nationals can reside, study, and work in the UAE without requiring a national sponsor. Additionally, they have the privilege of 100% business ownership on the UAE’s mainland.
Eligibility for the Golden Visa includes several categories: investors, entrepreneurs, students with exceptional scientific abilities, specialized talents, and researchers across various fields of science and knowledge.

Off-plan property in Dubai refers to real estate that is currently under construction. It is a favored choice among both end users and investors. The appeal lies in its lower initial purchase price compared to ready-to-move-in units. Additionally, there is an opportunity to resell off-plan property before completion, potentially yielding higher capital appreciation. Most developers in Dubai typically require a 5-10% down payment, granting buyers full ownership rights. The remaining balance can be paid during construction or upon/after handover, depending on the agreed payment plan. Another advantage of purchasing off-plan property is that it offers the latest technology, design, and lifestyle features, along with on-site facilities.
It’s important to highlight that the UAE real estate market welcomes all buyers, eliminating the need for a visa/Emirates ID when purchasing off-plan property in Dubai—only a passport copy is required. It is advisable to enlist the services of a real estate agent for comprehensive details on available projects. After selecting a suitable property, the next steps involve reserving a unit at the developer’s sales office by signing the SPA and submitting a deposit fee. Within 30 days of registration, it is mandatory to settle a 4% Fee and Oqood registration fee. Adhering to the stipulated payment plan, you must stay current with installments until the property is handed over. Upon completion, the final installment is due, and you will be presented with the keys to your propert
Selling property in Dubai becomes a streamlined process with the assistance of a qualified real estate agent. Once you’ve identified a specialist, the initial step involves signing a ‘FORM A’ to formally authorize the agent for brokering and marketing. After submitting the form to the DLD’s Trakheesi system for final approval, your property will be advertised across various platforms, both online and offline. Upon securing a buyer, the next stage requires signing a Memorandum of Understanding, or ‘FORM F,’ establishing a legally binding contract between the seller and purchaser. Another essential document in the selling process is an NOC letter from the developer, which typically takes 5-7 days to be issued. The final step in completing the sale involves ownership transfer, necessitating the provision of the MOU, NOC, a copy of the title deed, a cheque to the seller, a 4% DLD fee, and an original passport copy with a valid visa/Emirates ID.

To start, the investment property market in Dubai presents higher rental yields compared to numerous established real estate markets. The average return on investment (ROI) falls between 5% and 9%, owing to significantly lower property prices per square foot than in other global cities like London, Hong Kong, and Paris. Consequently, Dubai becomes an affordable destination for owning luxury real estate, and it is noteworthy that there are no stamp duty or property taxes.

In a move to attract more investors, the Dubai Land Department (DLD) reduced the minimum required investment amount in September 2021. This adjustment allows purchasers to apply for a 3-year residence visa through investment, with the minimum investment

threshold dropping from AED 2 million (USD 372,000) to AED 950,000 (USD 405,000). Visa holders can take advantage of family sponsorship, facilitating the inclusion of a spouse and children in their relocation to the country.

Yes, a home can depreciate in value. Various factors can contribute to a decrease in a property’s value, including:

  1. Market Conditions: Economic downturns or fluctuations in the real estate market can lead to a drop in property values.

  2. Location: Changes in the neighborhood, such as increased crime rates or declining local amenities, can affect a home’s value.

  3. Property Condition: Lack of maintenance, outdated features, or significant damage can reduce a home’s market value.

  4. Economic Factors: Broader economic conditions, such as rising interest rates or inflation, can impact property values.

  5. Supply and Demand: An oversupply of similar properties or a decrease in demand can lead to depreciation.

Regular maintenance and keeping up with market trends can help mitigate potential depreciation.

An older home can offer unique charm and established neighborhood benefits but may require more maintenance and updates. A new home typically features modern design and fewer immediate repairs, often coming at a higher price. The best value depends on personal preferences, budget, and long-term goals.
A broker is a licensed professional who facilitates transactions between buyers and sellers in various industries, such as real estate, finance, or insurance. In real estate, a broker assists clients in buying, selling, or renting properties, offering market expertise, negotiation skills, and guidance throughout the transaction process. Brokers often have more advanced qualifications and responsibilities compared to real estate agents.

Yes, you can pay your own taxes and insurance. Here’s how it generally works:

  1. Property Taxes: Homeowners are responsible for paying property taxes directly to the local government. These taxes are typically assessed annually and can vary based on your property’s value and location.

  2. Homeowners Insurance: You can also pay for homeowners insurance directly. This insurance protects your property against risks like fire, theft, and natural disasters. Premiums are usually paid annually or monthly, depending on your policy.

Many mortgage lenders include property taxes and insurance in your monthly mortgage payment, holding the funds in an escrow account and paying these expenses on your behalf. If you prefer to handle these payments yourself, you can arrange to do so directly with the tax authority and insurance provider.

The loan process typically takes about 30 to 45 days from application to closing. This timeframe can vary based on factors like the type of loan, the lender’s efficiency, the complexity of your financial situation, and how quickly you provide necessary documentation.

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