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FAQs
Straight answers to the questions we are asked most often.
FAQs
Yes. Freehold ownership is available to buyers of any nationality within designated freehold areas, which include most of the communities Northway advises on. Title is registered with the Dubai Land Department in the buyer's name.
The UAE does not levy an annual property tax. Purchasers should budget for a one-off transfer fee payable to the Dubai Land Department, together with agency and conveyancing costs, and for ongoing service charges levied by the building.
An off-plan purchase is made against a payment plan linked either to construction milestones or to fixed dates. Buyer funds are paid into a project escrow account regulated by the relevant authority. Title transfers on completion and handover.
Property investment above certain thresholds can support a residency application in the UAE. Eligibility, thresholds and process are set by the relevant government authorities and change from time to time. Northway can coordinate introductions to independent advisers who handle applications.
Fees depend on the nature of the engagement. Brokerage, buy-side advisory or portfolio work are structured differently. Terms are agreed in writing before any engagement begins.
Off Plan
Delivery timelines are set by the developer. Escrow regulation is designed to protect buyer funds during construction. We track announced handover dates against progress and will tell you where a programme appears to be slipping.
In most cases yes, subject to the developer's assignment rules, typically a minimum percentage paid, plus an administrative fee. The specific conditions vary by developer and are confirmed before purchase.
Investment
We do not publish projected returns. Yield and capital performance depend on the specific asset, entry price, holding period and market conditions, and past performance is not a guide to future results. We will model scenarios for a specific opportunity on request.
Commercial
Yes. We advise on offices, retail, industrial and logistics, hospitality assets, development land and income-producing investments, on both acquisition and disposal.
Private Clients
Private client mandates are handled on a restricted basis. Off-market opportunities are not published on this website, and enquiries made through the private client route are visible only to the advisers assigned to them.
Contact
Still have a question?
Ask us directly and we will give you a straight answer.
Building 2B, City Walk Boulevard, Happiness Street, City Walk, Dubai, UAE
+971 4 337 4974[email protected]Sunday – Thursday, 9:00 – 18:00 (GST)