Find Your Dream Property in Dubai

Yes, foreign nationals can purchase property in Dubai and certain other emirates within the UAE. Dubai, in particular, offers freehold areas where expatriates have the right to own property outright. Other emirates like Abu Dhabi also have designated freehold zones, but the rules and available locations may vary.

Foreigners can buy a variety of properties, including apartments, villas, townhouses, and commercial spaces. In freehold areas, expatriates can own properties for residential, investment, or commercial purposes. Popular property types include high-rise apartments in Downtown Dubai, waterfront villas in Palm Jumeirah, and modern apartments in Dubai Marina.

Freehold properties allow buyers to own the property and the land it stands on indefinitely. Leasehold properties grant ownership of the property for a specified period, typically 99 years, after which ownership reverts to the landlord. Freehold ownership is more attractive to foreign investors as it provides full ownership rights without time restrictions.

No, residency is not required to purchase property in Dubai or other freehold areas of the UAE. However, owning property can provide eligibility for certain residency visas under specific conditions, such as the Golden Visa program, which offers long-term residency to significant property investors.

• Choose a Property: Select a property that suits your needs and budget.
• Sign a Memorandum of Understanding (MoU): This agreement outlines the terms and conditions of the sale.
• Pay a Deposit: Typically, a 10% deposit is required to secure the property.
• Apply for No Objection Certificate (NOC): Obtain this from the developer, confirming the property’s eligibility for sale.
• Transfer Ownership: Complete the transaction at the Dubai Land Department (DLD), paying any applicable fees and taxes.
• Register the Property: Ensure the property is registered in your name with the DLD.

• Dubai Land Department (DLD) Fee: 4% of the property price.
• Real Estate Agent Commission: Typically around 2% of the property price.
• Registration Fees: Vary depending on the property and developer.
• Maintenance Fees: Ongoing costs for property upkeep and community amenities.
• Legal Fees: If you hire a lawyer, additional costs may apply.

The UAE does not impose income tax, property tax, or capital gains tax on property owners. However, buyers must pay a one-time transfer fee to the Dubai Land Department and any applicable real estate agent commissions.

Yes, banks in Dubai offer mortgage options to non-residents. However, the terms may be less favorable compared to those for residents. Typically, non-residents are required to make a larger down payment, usually around 20-25% of the property price, and interest rates may be slightly higher.

Foreign buyers can finance their property purchases through:

• Mortgages: Offered by local and international banks.
• Developer Financing: Some developers provide financing options with flexible payment plans.
• Cash Purchases: For those who prefer to buy without borrowing.

Yes, foreign property owners can lease their properties and earn rental income. Dubai has a robust rental market, especially in high-demand areas like Downtown Dubai, Dubai Marina, and Palm Jumeirah. It’s advisable to register your property with the Real Estate Regulatory Agency (RERA) to ensure compliance with local regulations.

Dubai offers some of the highest rental yields in the world, typically ranging from 5% to 8% annually, depending on the location and type of property. Prime areas like Dubai Marina, Downtown Dubai, and Palm Jumeirah tend to offer higher yields due to their popularity and demand.

Yes, buying property worth AED 750,000 or more can make you eligible for a renewable 3-year residency visa. Properties valued at AED 5 million or more may qualify for a 10-year Golden Visa, providing long-term residency benefits for investors and their families.

The Golden Visa offers several advantages, including:

• Long-term residency for investors and their families.
• Stability and security in living and investing in the UAE.
• Access to world-class healthcare and education.
• The ability to work and conduct business in the UAE without additional permits.

Foreign owners can sell their property at any time. The process involves notifying the Dubai Land Department, paying any outstanding fees, and transferring ownership to the buyer. It’s advisable to work with a licensed real estate agent and legal advisor to ensure a smooth transaction.

Dubai has a robust legal framework governing real estate transactions. The Dubai Land Department (DLD) and Real Estate Regulatory Agency (RERA) enforce regulations to protect buyers and ensure fair dealings. Foreign investors benefit from transparent processes, clear property rights, and legal recourse in case of disputes.

To ensure the legitimacy of a property developer:

• Check their registration with RERA.
• Research their track record and completed projects.
• Read reviews and testimonials from previous buyers.
• Verify their licenses and certifications through official channels like the DLD.

Typically, you will need:

• Valid passport copies.
• Visa copy (if applicable).
• Proof of income or bank statements.
• No Objection Certificate (NOC) from the developer.
• Signed sales agreement and MoU.
• Any additional documents required by the developer or lender.

Yes, foreign investors can purchase property in Dubai through a company. This is a common practice for investors looking to manage multiple properties or for business purposes. It’s advisable to consult with a legal expert to understand the implications and requirements of property ownership through a corporate entity.

Ongoing costs include:

• Service Charges: Cover maintenance of common areas and facilities.
• Utilities: Electricity, water, and internet services.
• Insurance: Home insurance for property protection.
• Property Management Fees: If you hire a management company to handle rentals and maintenance.