OVERHEADS OF OWNING A PROPERTY IN DUBAI - EXPLAINED! DUBAI REAL ESTATE MASTERCLASS BY TAHIR MAJITHIA

[@zeesmart6540]

Thanks, can you list expenses to pay if foreigners buy and rent property

[@fareenaramachandran4491]

Thankyou for useful info for the future.

[@tahirmajithia]

You’re welcome 🙏🙏

[@shailendra1086]

Just a curious question what happens when in the building you own the apartment gets 30 yrs old & it’s time for demolishment … what compensation does the apartment owner gets

[@ahmedaa1040]

Yes Mr Tahir Pls clarify.

[@vijaykumar-ds9iu]

Hi Mr. Tahir the video was super useful..

[@tahirmajithia]

Glad you liked it 🙏

[@ForLearnedLotsOnly]

Service fees of damac hills townhomes any idea...

[@apurvanair2056]

Nice video Mr.Tahir. But if you want to add timestamps then you can easily do that by using the KZbin feature.

[@tahirmajithia]

Sure will do thanks 🙏

[@ForLearnedLotsOnly]

Please elaborate with the appx percentages for service charges, and appx property owners association charges.

[@tahirmajithia]

It’s difficult to really put a percentage as it also depends on the type of building, amenities, location etc. also villas the service charges are way lesser than apartments

[@salavi7059]

Salam Tahir. I am from USA and was looking to see if I could invest some money in UAE. This video was very informative. Thank you.

[@tahirmajithia]

Walekum Salam. I am glad you liked it

[@rizwanahmed2370]

Hi salaam alaikum Mr.Tahir really appreciable ur valuable information . I will be in touch with you as early as possible. This is Rizwan from India

[@tahirmajithia]

Walekum Salam 👍🏻

[@yeasirarafat4261]

Thanks Tahir, will catch you up in next visit to Dubai.

[@narenhegneshwar637]

Is there any proposed plan for a metro line to link JVC area ? Please apprise . Thanks

[@tahirmajithia]

Yes there will be in the future

[@satyajeetpadhi2386]

Thanks a lot Tahir for sharing these information. It's really helpful. Stay safe.

[@tahirmajithia]

Thanks 🙏 glad you found it helpful

[@aminhx]

Love the explaination

[@tahirmajithia]

Thanks !!glad you liked it

[@alilakhani9179]

What about insurance if the apartment or villa gets burnt or any other damages

[@jiti5034]

Yes I also have same question

[@fareenaramachandran4491]

Thanks for you info.

[@sherutigersonu]

Great video!!

[@tahirmajithia]

Thanks 🙏

[@ahmedaa1040]

Sir how much is total service charge per month for 1000 sft Apartment At Al Gadheer Abu Dhabi

[@tahirmajithia]

I am not really an expert in Abu Dhabi but should be around 13-14 Aed per sq ft per year

[@ahmedaa1040]

@@tahirmajithia Thanks

[@jhonnybravo2243]

Great videos man!

[@tahirmajithia]

Thanks 🙏

[@thecybersecguy1]

Assalamu Alaikum Tahir Well explained. I was estimating the rental earnings post investment in Dubai and came across your video. Will indeed request a zoom call once i finalise. Thanks.

[@tahirmajithia]

Walekum Salam. Thanks a lot 🙏 need any assistance with Dubai real estate feel free to reach out

[@criticofthenarrative1382]

Very helpful information

[@tahirmajithia]

Thanks. Glad you found it helpful🙂

[@royalmirage2005]

This was very educative;thank u for the video .🇹🇿

[@tahirmajithia]

You’re welcome 😊

[@zamzamkhan6984]

Hi Is service charges per sq is to pay by year or month ???

[@tahirmajithia]

Per year

[@zamzamkhan6984]

Thank you sir

[@RiazADAM-rf8te]

hi we want to invest in dubai property.

[@tahirmajithia]

Hi. You can email me on [e-mail] and we can discuss

[@jaadugar4344]

Sir can Indians buy permanent house in sharjah or have to lease it?!

[@jorge21122]

Are service charges and maintenance paid by the tenant?

[@tahirmajithia]

Service charges are paid by the landlord

[@gladdy8156]

Who will pay for water heater ?

[@tahirmajithia]

The tenant pays as it is a part of the electricity bill

[@rune22143]

Is there a tax on rental income from residential properties?

[@tahirmajithia]

No you don’t pay any tax in Dubai on your rental income.

[@jiti5034]

@@tahirmajithia But depends on country of residence. you might have to pay tax on "Global Income" not easy to escape the tax man in many western countries

[@MoeMukhtar]

Thank you for the valuable information. ✨🌹🙏🏼

[@tahirmajithia]

Glad you liked it. Thanks for the feedback 🙏

[@vijayarajful]

Good one!

[@tahirmajithia]

Thanks

[@onairgallow1957]

What about property taxes?

[@tahirmajithia]

There are no taxes in dubai

[@yarsalanpk]

At a hihgh level, can you please name couple of areas or recommend some areas in dubai that have most occupancy on Airbnb and which type of property u recommend, studio, 1bhk, 2bhk, etc? basically properties that have good ROI and have most occupancy on Airbnb

[@tahirmajithia]

Downtown, Dubai Marina , Palm Jumeirah, JBR

[@namerose5419]

Landload can possible to close empower account ? Empower impose any charges in non occupaying unit on LANDLOARD account even after close the account.?

[@danielafful3751]

Keep doing great 🙌🏼🙌🏼🙌🏼

[@tahirmajithia]

Thank you 🙏

[@gracekouvali6903]

So the costs amount to roughly how much per year?

[@abdulrahmanshiker3357]

Alot, trust me

[@GetOmerHere]

How much usually are these owners association fees?

[@tahirmajithia]

It depends on the type of property and location. But just to give an idea for villas would be 2-3 Aed per sq ft per year and normal apartment buildings can be 12-22 Aed per sq ft per year

[@subramanyamkrishnaswamy4441]

Hi Tahir, very informative contents and well explained

[@tahirmajithia]

Thanks. Glad you liked it 🙏

[@sekharur1166]

Hello bhai.. I watched your video first time. I liked your detailing.. I have question.. Can I buy small studio in dubai? My monthly salary is 5500... I know you are smiling.... Please if you have time please reply... Thanks 😊

[@TsarOfRuss]

How much do you think these fees will cost in an apartment inside Burj Khalifa??? a 700sqf apartment ... $500,000

[@tahirmajithia]

The service charges in Burj Khalifa currently are approximately Aed 55 Dhs per sq ft so for a 700 sq ft apartment service charges would be around Aed 38,500

[@subramanyamkrishnaswamy4441]

Can you help me resell my off-plan property? I have a townhouse 3+1 (built-up area 1,991 sq ft ) developed by Emaar located close to DWC Dubai South. Property is under construction and handover by 2022 April, please respond to discuss further.

[@tahirmajithia]

If you can email me all details on [e-mail] we can discuss

[@debjyotidutta582]

Owning a property ....email??

[@QualityMarblePolishingDubai]

video is very informative, Dubai villas are very beautiful and quality built ones

[@tahirmajithia]

Thanks

[@mohammedsalahuddinshariff7516]

if you buy property in dubai, are you allowed to work?

[@azeem_uae483]

of course, you just need to have a labor contract with your employer.

[@SMSM-id8jo]

in that case it is better to rent instead of owning a property

[@tahirmajithia]

It only makes sense to rent if the rental you pay is way lesser than the mortgage you would pay for the same property usually it’s the other way around in dubai hence in most cases buying is better than renting in dubai

[@Hwali-1992]

Hi Tahir, I’m a real estate lawyer based in Toronto, Canada and I am interested in working in the same capacity in Dubai. Do you have any advice? Or resources or contacts that could be of help? Thank you!

[@sku3119]

He doesn't give an indicative cost structure with relevant examples.

[@tahirmajithia]

The cost for every type of property varies depending on the type of property. Also certain costs are as per consumption for example: Dewa ( electricity & water) which can vary on the amount used hence it’s very difficult to give a cost structure. For any specific questions you can always email me on [e-mail] and I can answer them.

[@gracekouvali6903]

That's right .... rough estimate of how much per year

[@vahabarmenian5845]

tahir dade

[@nammalilleee3207]

Dubai is weird!

[@ffkk6000]

I'M.FAISE.LAND.LOD.INDIA.MOR. IM.MB.TOR.SOON.DUBAI.HY.2021

[@ffkk6000]

I'M.FAISE.TH.NISE.VALLS.HY 202Q