Olaia Residences

The Olaia Residences project is located on the Palm Jumeirah island, renowned for its five-star hotels, restaurants, marinas, and leisure clubs. In 6 minutes by car, you can reach Sheikh Zayed Road, providing quick access to the city's popular attractions.

You can update your wardrobe or meet friends for a coffee at Nakheel Mall by Dubai Retail, which is a 10-minute walk away. With its high-end service, Riva Beach Club is situated 6 minutes away by car. Dubai International Airport is a 28-minute drive away.

The purchaser must be at least 21 years of age and possess valid identification. Foreign nationals are permitted to acquire property in specific freehold areas; however, they must obtain a No Objection Certificate (NOC), provide evidence of financial capability, and ensure that the property is registered with the Dubai Land Department.

• DLD (Dubai Land Department) Fee: This is a one-time payment made to the government a 4% of the property’s purchase price.
• Registration fee: This fee can range from 2000 to 4000 AED
• Agents Fee: Is 2% of the property value.Conveyancing fees: This cost can be from 6000 to 10 000 AED.
• Mortgage fees: This will cost between 2500 to 3500 AED.
• Municipality Fee: This is an annual charge imposed by Dubai on both property owners and tenants, amounting to 5% of the property's yearly rental value.
• The absence of taxes in Dubai enhances its attractiveness for international investors looking for advantageous circumstances to expand their real estate holdings.