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

/ tahirmajithia
Tahir Majithia is a luxury real estate consultant in Dubai, UAE. In this episode of Tahir’s Real Estate Masterclass, he takes you through all of the associated costs of owning a property in Dubai and who is responsible for them. This is an important episode and will help you make sure that you can budget correctly and there are no surprise costs. Enjoy and leave a comment if you’d like additional help from Tahir.
WORK WITH TAHIR
=======================
WhatsApp: [phone]
/ tahirmajithia
[e-mail]
MASTERCLASS CHAPTERS
=======================
00:44 Cost categories
01:08 Service charges
01:38 Maintenance charges
02:12 Utility bills
02:57 Owners Association deposit
03:23 Internet, phone and TV
03:54 Location sponsor: One by Omniyat
04:15 Contact details
LOCATION SPONSOR
=======================
This video was recorded at One by Omniyat, a beautiful, boutique and ultra luxury development coming up on the Palm Jumeirah, managed by the Dorchester Collection. If you have a property you’d like to feature on Tahir’s Real Estate Masterclass or be seen on the Trusted Homes Dubai network, feel free to get in contact with us.
MADE IT THIS FAR?
=======================
Please support this channel by giving us a like, subscribing or leaving a comment. It will really help us produce more episodes of Dubai Real Estate Masterclass.
#Dubai #realestate #masterclass

[@yeasirarafat4261]

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

[@fareenaramachandran4491]

Thanks for you info.

[@satyajeetpadhi2386]

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

[@tahirmajithia]

Thanks 🙏 glad you found it helpful

[@zeesmart6540]

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

[@jhonnybravo2243]

Great videos man!

[@tahirmajithia]

Thanks 🙏

[@aminhx]

Love the explaination

[@tahirmajithia]

Thanks !!glad you liked it

[@sherutigersonu]

Great video!!

[@tahirmajithia]

Thanks 🙏

[@vijayarajful]

Good one!

[@tahirmajithia]

Thanks

[@danielafful3751]

Keep doing great 🙌🏼🙌🏼🙌🏼

[@tahirmajithia]

Thank you 🙏

[@MoeMukhtar]

Thank you for the valuable information. ✨🌹🙏🏼

[@tahirmajithia]

Glad you liked it. Thanks for the feedback 🙏

[@criticofthenarrative1382]

Very helpful information

[@tahirmajithia]

Thanks. Glad you found it helpful🙂

[@fareenaramachandran4491]

Thankyou for useful info for the future.

[@tahirmajithia]

You’re welcome 🙏🙏

[@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 👍🏻

[@vijaykumar-ds9iu]

Hi Mr. Tahir the video was super useful..

[@tahirmajithia]

Glad you liked it 🙏

[@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 🙏

[@royalmirage2005]

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

[@tahirmajithia]

You’re welcome 😊

[@ForLearnedLotsOnly]

Service fees of damac hills townhomes any idea...

[@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.

[@jaadugar4344]

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

[@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

[@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

[@alilakhani9179]

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

[@jiti5034]

Yes I also have same question

[@namerose5419]

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

[@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 😊

[@zamzamkhan6984]

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

[@tahirmajithia]

Per year

[@zamzamkhan6984]

Thank you sir

[@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

[@gracekouvali6903]

So the costs amount to roughly how much per year?

[@abdulrahmanshiker3357]

Alot, trust me

[@debjyotidutta582]

Owning a property ....email??

[@RiazADAM-rf8te]

hi we want to invest in dubai property.

[@tahirmajithia]

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

[@truthtobetold9816]

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

[@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

[@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

[@jorge21122]

Are service charges and maintenance paid by the tenant?

[@tahirmajithia]

Service charges are paid by the landlord

[@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

[@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.

[@YouGotTriggeredLOL]

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!

[@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

[@onairgallow1957]

What about property taxes?

[@tahirmajithia]

There are no taxes in dubai

[@QualityMarblePolishingDubai]

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

[@tahirmajithia]

Thanks

[@gladdy8156]

Who will pay for water heater ?

[@tahirmajithia]

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

[@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

[@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

[@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