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Q: What is the ownership title of
the property and who can buy?
A: BSEL Kahraman Tower will be
a completely freehold property which can
be owned by an investor from any region
around the globe.
Q: Do I need a UAE Bank Account?
A: Purchasers of freehold properties
are not required to hold a local bank
account.
Q: What taxes will I have to pay?
A: UAE has no taxes of any kind
when purchasing a freehold property.
Q: Will I gain residency?
A: Freehold property owners and
their families are eligible for residence
visas in accordance to the UAE naturalization
& residency laws.
Q: Registration and Stamp Duty?
A: At present it is AED 1,000.00
in Ajman, UAE. On a lump sum basis. However
on land purchase Stamp Duty and Registration
is 3% and transfer charges payable is
2%.
Q: Monthly Outgoings after Possession?
A: AED 0.5 to AED 1.00 per month
per sq. ft.
Q: Rent Value if, given on rent?
A:
- For 3 Bed room: - AED 65,000.00 per
annum.
- 2 Bed room: - AED 50,000.00 per annum.
- 1 Bed room: - AED 40,000.00 per annum.
Q: Is there any expenditure for water
connection, electric connection?
A: There is but payable only at
the time of possession. It will be around
3-5% of value of your investment.
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