When buying property in the UAE, foreign investors benefit from one of the most attractive tax systems in the world. There is no capital gains tax, income tax, or property tax for private buyers in any emirate. The main expenses are registration fees, which vary depending on the emirate.

Payment Methods

Five popular ways for Russian citizens to pay for real estate — either in person in the UAE or remotely from Russia.

Cash deposit at the developer’s office

Funds are deposited through the developer’s cashier with the issuance of a payment receipt. The developer then transfers the money to the project’s escrow account. The payment can be made by any person on behalf of the buyer.

Card payment at the developer’s office

Payment is processed through a terminal at the developer’s office. Accepted cards include UnionPay and other foreign bank cards issued in the buyer’s name.

SWIFT Transfer

Funds are transferred from a Russian bank that remains connected to SWIFT (e.g., Raiffeisenbank or BCS) to the developer’s account. The payment can also be made by a third party.

Through online payment platforms

Buyers can pay via a dedicated online portal provided by the developer. Payments can be made with any card, including Mir and UnionPay, and transactions are processed in rubles. Note that Russian bank cards are subject to a fee, and the maximum amount per transaction is 50,000 AED.

Cryptocurrency Payment

Funds are transferred to the developer’s official crypto wallet in an agreed-upon currency. The buyer is responsible for covering the transfer fee.

Important: Each payment method has specific conditions, so check the details with the developer before proceeding. UAE residents can always pay by bank check.