Welcome to Cornerstone Worldwide Property
Wherever you want to be in the World
00 44 (0)1603 700007
How can we help?
Our range of services are designed to support you all the way when buying Property Abroad. Please call us with your requirements or e mail our offices to find out more about any property that suits your needs.
"After our inspection visit not only did Cornerstone find our dream property but we also found that we had made a new friend! Also I have found that the after sales service to your customers is second to none. You couldn’t have made it all any easier.”
Mr & Mrs Gold (London)
Over 12,000 properties available online
Dubai
A bit about Dubai
- Good choice properties
- Great investment opportunities
- Cosmopolitan
- English widely spoken
- Fantastic year round weather
Property prices:
- Marina apartments from 35,000 GBP
- Coastal villas from 140,000 GBP
Property purchase costs and procedure.
- Allow 1% to 3% of purchase price to cover costs
- Initial reservation deposit of between 2,000 and 4,000 pounds required
- 10% to 30% should be paid after lawyer has carried out searches
- Once you have paid the 10% to 30% you will enter into a contract (Exchange of contracts)
- If buying a new development stage payments may be required
- From offer to completion usually takes around six to eight weeks
Can I take a mortgage?
- Mortgages available from both UK and U.A.E banks
- Equity release schemes from UK property
- Borrowing in both GBP and U.A.E DY.
- Up to 60% loans available
- Maximum loan term for non residents 25 years
Getting there:
- Many airlines now fly to Dubai on a daily basis.
- Most flights leave from London airports
What about Jobs?
- Work permit required
- Application can be submitted by proposed employer
- Businesses can be set up once residency has been applied for.
- Sole trader business can be set up in free trade zones otherwise 51% of the company must be owned by a U.A.E national.
Can I take my Pet?
- Import certificate required from U.A.E Ministry of agriculture.
- Repatriation of pets complicated but possible.
Transferring money
- Best rates available through money transfer specialists.
Driving licenses.
- You can use your UK license whilst a non resident
- Residents (UK nationals based in Dubai) should change their English licence to Dubai one.
What about schools?
- Private English schools available
Some Key points
- Always use a lawyer represented in Dubai when purchasing property.