How To Purchase Property In Dubai?

Conduct an online search for available properties. Contact a real estate agent or, more commonly, contact a developer directly. Ensure you’re eligible to purchase land; you must be legally allowed to live in Dubai, and you must have a steady salary. Choose a property.

Where should one buy property in Dubai?

  • In my opinion, one of the best areas to buy property in Dubai would be near the Dubai Water Canal. This area is well-connected to some of the major attractions of the city, such as the Dubai International Financial Centre and the Dancing water fountains. It is also located at a short distance from the metro station.

Can foreigner buy property in Dubai?

In Dubai, foreign ownership is permitted in areas designated as freehold. Foreigners (who don’t live in the UAE) and expatriate residents may acquire freehold ownership rights over property without restriction, usufruct rights, or leasehold rights for up to 99 years. There is no age limit to own property in Dubai.

Is it easy to buy property in Dubai?

Because of the lack of restrictions, buying property in Dubai is a pretty straightforward process. Many Dubai properties are bought as freehold but leasehold properties also allow you to own the property for anywhere between 30 and 99 years.

Do you get visa if you buy property in Dubai?

Purchasing real estate in Dubai may grant the buyer a residence permit. According to the UAE investor visa program, the property must be completed upon the purchase and its value must be of at least AED 1 million. Holders of residence visas through real estate purchase may also sponsor their dependents.

Can I live in Dubai if I buy a house?

You can get a residency in UAE if you buy a property worth AED 1m in Dubai. However, the validity of this residency is three years and you have to renew your visa every three years. There is no such thing as lifetime residency visa in Dubai.

How can I get Dubai citizenship?

How can you acquire UAE citizenship? You can acquire the UAE’s citizenship only through the Rulers’ and Crown Princes’ Courts, Offices of the Executive Councils and the Cabinet based on the nominations of federal entities. Contact Federal Authority for Identity and Citizenship for more information.

Can you live permanently in Dubai?

One can obtain residency in Dubai or in another emirate in UAE if sponsorship by an employer is provided. The Dubai residence visa must be renewed every three years. Another way to obtain residency in Dubai is by purchasing real estate.

Is it safe to buy property in Dubai?

Is It Safe to Buy Property in Dubai? In general terms, it is very safe to buy property in Dubai. However, just like anywhere in the world, there are con artists who are eager to take money from wealthy retirees. The laws are also different in Dubai, with locals often having an advantage over foreigners in court cases.

Is JVC a freehold?

Jumeirah Village Circle (JVC) is an emerging neighbourhood in Dubai, with a mix of established and under-construction projects. A freehold master development by Nakheel launched in 2005, JVC is built over an area of over 870 hectares and is estimated to have approximately 28 residential projects under construction.

Where can expats buy in Dubai?

Dubai. If you are an expat currently living in the UAE, Dubai law states that you can buy: A leasehold property. A freehold property in one of the 23 freehold areas, including Al Barsha South, Emirates Hills, Jebel Ali, Sheikh Zayed Road, Dubai Marina and Palm Jumeirah.

Can I live in Dubai without a job?

Dubai has launched a new scheme that will allow people to live in the emirate but work remotely for companies overseas. The announcement also says those who take part will not be subject to income tax in the UAE.

How long can you stay in Dubai if you own a property?

It is not possible for any non-GCC national to get lifelong residency in the UAE, even if they purchase property. While it can be possible for an expat to obtain a residency visa based on property ownership, the rules are very strict and the visas are valid for either six months or two years only.

How much is the 5 years UAE visa?

How much does it cost? The multiple entry five-year visa costs Dh650 plus a service fee of Dh50.

How can I get 99 year visa in UAE?

Expatriates can own property in the freehold areas of Dubai for up to 99 years. The title deeds are issued by the Land Department in the Emirate. Property purchase in the Emirate of Sharjah for expatriates and companies owned by foreign nationals is through the Usufruct system.

How can I get property visa in Dubai?

To be eligible for a five-year visa, you must invest in a property in Dubai. Five-year visa

  1. the investment property must have a value of AED 5 million or more.
  2. the property cannot be mortgaged.
  3. the property must be retained for at least three years.

What are the benefits of buying property in Dubai?

Benefits of buying property in Dubai.

  • Great weather. Enjoy a sun-kissed lifestyle all year-round.
  • Tax-free income.
  • High standard of living.
  • World-class infrastructure.
  • Safety.
  • Strategic location.
  • Competitive prices and rental yields.
  • Stable and mature Dubai property market.

Buying property in Dubai as a foreigner

A move to Dubai has been contemplated by many potential expats, whether it’s because of the appeal of a lavish lifestyle or the temptation of living tax-free in the United Arab Emirates. Due to the abundance of malls and beaches, thousands of high-end shops and restaurants, thriving industry, as well as activities such as dune surfing or outdoor-activities-made-indoors such as skiing, both visitors and prospective residents find it difficult to overlook the numerous advantages of living in the middle eastern city.

Since the passage of the Freehold Law in 2002, foreigners have been able to purchase, sell, and rent property in Dubai without the need for any specific permits or approvals, making it a distinct option.

Despite this, a comparable percentage of inhabitants – slightly less than 70% – do not own their own home in the city of Los Angeles.

Another major stumbling block?

But if you can get over those roadblocks, owning real estate might be your ticket to a lucrative investment or a truly enjoyable way of life.

This guide will lead you through the process of purchasing a home in the emirate and will answer any questions you may have.

What’s the property market like in Dubai?

The real estate market in Dubai has had a number of ups and downs in recent years, however the industry as a whole is regarded to be rather stable overall. Even still, house prices declined by 17 percent from 2014 and 2016, with additional declines anticipated in 2017, despite a little increase in December 2016. At the present, analysts are divided on whether this is the bottom of the market – and if the trend will continue upward from here – or whether there will be another decline before the trend reverses.

Can foreigners buy property in Dubai?

Yes. Foreigners can now purchase, sell, and rent property in Dubai without the need for any additional licences or rules, according to legislative amendments made in 2002.

What’s the approximate cost of different properties in Dubai?

You should have an approximate estimate of how much an apartment, a house, or land should cost before you begin your property search before you begin your search.

This table contains some examples of current property values in a few Dubai localities, as seen in the following:

Neighborhood Property Type Average Cost
Dubai Marina Two bedroom apartment AED 2,450,000
Dubai Marina Three bedroom villa AED 3,850,000
Al Barsha Two bedroom apartment AED 1,250,000
Al Barsha Three bedroom villa AED 3,000,000
Al Barsha 1200 m2 / 12000 ft2 plot AED 4,000,000
Garhoud Two bedroom apartment AED 1,580,000
Garhoud Three bedroom villa AED 3,200,000
Culture Village 1850 m2 / 18500 ft2 plot AED 28,000,000

This information was obtained fromBayutjune 2017. While these prices serve as an excellent illustration, it’s crucial to realize that there is a considerable rate of difference across flats, even within the same area, and that this may be quite frustrating. Prices for a villa or apartment of the same size might vary by AED 500,000 depending on several factors such as the facilities, upkeep, the year the home was constructed, and so on.

How can I find a property in Dubai?

Property in Dubai may be divided into three primary “types,” each of which corresponds to a distinct kind of land or residence and can be purchased as a foreigner in any of the three categories.

Freehold properties

Freehold property is generally sought after by foreigners wishing to make a long-term investment since it is considered to be the most desired. The ownership of freehold properties is completely yours, and you may sell, rent, or pass them on as an inheritance as you see fit. In contrast to dwellings or flats, freehold property is most typically linked with undeveloped land parcels; nonetheless, purchasing pre-fabricated homes under a freehold structure is not unusual. If you want to acquire a freehold home, you’ll need to do so through a real estate developer who has been approved by the government of the emirate where you’ll be living.

  1. Meraas Estates LLC, Zabeel Investments, Al Fajer Properties, Al Manal Development FZCO, and KM Properties LLC are among the companies involved.

You can discover a comprehensive list of approved developers on this page.

Usufruct properties

Another sort of property arrangement is usufruct*, which may be thought of as a long-term lease in its most basic sense. You have complete freedom to do whatever you choose with a usufruct property, with the exception of destroying it. If you’re buying commercial or residential real estate, the length of your lease will range from 10 to 100 years, depending on your agreements and whether you’re buying in a city or rural area.

Commonhold properties

The fourth form of property is a commonhold, which is most similar to condos in other nations in terms of layout and design. Owning a commonhold property offers you the same rights as owning a freehold property, including the ability to buy, sell, rent, and pass the property on as an inheritance. In contrast to this, commonhold properties are often apartments, and owners are forced to pay maintenance fees for the building and its common facilities, which are normally held by the developer, in addition to their own rent.

  1. Luxhabitat, Bayut, BetterHomes, Dubizzle, and Property Finder are just a few examples.

How do I choose the right property?

A few of important considerations should be kept in mind when you begin your property hunt.

Traffic is important

It is well known that traffic in Dubai is terrible, and the highways leading from Sharjah to Dubai can be a headache to navigate. For those who must commute into the city center, it is essential to assess the distance between potential properties and even to have a test drive before making your final decision.

Choose the right neighborhood

Location, place, and still another location. Whether you’re looking to live or invest in Dubai, finding a decent neighborhood is critical to enjoying the city.

Choosing the correct area will also significantly increase the rental value of your property if you don’t intend to live there. The following are some of Dubai’s most popular neighborhoods:

  • Dubai Marina, Al Barsha, Garhoud, International City, and The Greens are some of the neighborhoods of Dubai.

Pay attention to parking

Parking may not be the first thing that comes to mind when thinking about purchasing a prefabricated home or apartment. In Dubai, on the other hand, choosing a house that does not have any sort of covered parking space might be a costly error. With summer temperatures hovering over 50 degrees Celsius (122 degrees Fahrenheit), automobiles that are left outside not only become unbearably hot to drive, but they also begin to degrade fast.

What are the steps to buying a property as a foreigner?

Some of the most important actions to take while purchasing a home are as follows:

  1. Choosing the sort of property you want to buy: a villa or an apartment, a parcel of land, or even a business space
  2. Execute an internet search for available homes to purchase
  3. Contact a real estate agent or, more often, directly contact a developer for further information about the property. Make certain that you are authorized to acquire land
  4. You must be legally permitted to reside in Dubai, and you must have a consistent income. Select a piece of property
  5. Make a deposit on your home
  6. Acquire a mortgage or a house loan from a financially trustworthy institution
  7. Deeds of transfer
  8. You must pay the land registry tax.

What are the legal requirements to buying a property in Dubai?

-If you run into any difficulties during the purchasing procedure, it is recommended that you get legal guidance from a local lawyer in Dubai. In addition, any form of issue between the buyer and seller shall be notified to the Real Estate Regulatory Agency (RERA) (RERA). Following this advice can assist you in avoiding frauds and hazards.

What kind of taxes and fees will I need to pay?

A decent representation of the costs you’ll find while acquiring a home in Dubai may be seen in the table to the right.

Dubai Land Department transfer fee 4% plus AED 540 administrative fee
Abu Dhabi transfer fee 1% to 2%
Registration fees AED 2,000 for property below AED 500,000
Registration fees cont. AED 4,000 for property above AED 500,000
Mortgage registration fee 0.25% of loan + AED 10 fee
Mortgage processing fee Up to 1% of loan amount
Estate agency fee 2% of purchase fee
Conveyancing fees (where appropriate) AED 6,000 to AED 10,000
Valuation fee AED 2,500 to AED 3,500
Oqood fee, for off-plan properties 4% of purchase price
Downpayment 25% of property cost

2017 as the year of publication Whether you’re buying a home to live in or a property to invest in, Dubai’s streamlined tax structure is the most significant advantage of doing business in the area. When you purchase real estate in Dubai, you’ll be required to pay a one-time fee to cover the cost of land registration. Approximately 4% of the purchase price of your new home will be used for this purpose. Actually, the buyer is responsible for half of the charge, and the seller is responsible for the other half of the fee.

The tax is charged to the land department and must be paid on the day of the transfer of ownership ownership ownership is transferred ownership is transferred ownership In addition to the land registry tax, there is no property tax in Dubai, and you will not be subject to tax if you rent out your home.

How do deposits, down payments, mortgages and bank loans work?

As a matter of fact, the vast majority of potential property owners in Dubai will require a loan or mortgage in order to complete their acquisition.

Choosing a bank

Mortgages and loans may be obtained from virtually any respectable financial institution, however Mashrek, Emirates NBD, and HSBC are some of the most popular choices. While all of these banks are technically willing to lend to foreigners, you may find that you have greater luck at a major multinational bank, such as HSBC, than you would at one of the local institutions. A mortgage or house loan in Dubai should be possible if you have great credit and evidence of a respectable income, according to the final analysis.

If you haven’t already done so, it’s a good idea to understand how to create a bank account in Dubai to get your financial affairs in order.

  • Passport (and copies of passport)
  • Proof of residency/visas
  • Proof of current address
  • And other documents. Proof of income in the form of salary certificates
  • Bank statements for the previous six months to a year are required.

If you do decide to take out a mortgage, you’ll discover that the most popular payment plan is one that lasts 15 years. In Dubai, the longest length of a mortgage plan that you may obtain is 25 years in duration. If your monthly mortgage payment equals more than 35 percent of your net family income, and the entire amount of your mortgage equals more than 60 times your combined monthly household income, you will be ineligible for a mortgage. If your credit is genuinely exceptional, you may be able to qualify for pre-approval financing from several Dubai-based financial institutions.

Taking out a personal loan in your home country and using the cash to purchase a house in Dubai is a possibility, but it is less popular than you would think.

If you are able to obtain a mortgage in the Emirate, though, you will be in a better position. The majority of international banks are wary of lending money for residential property in what is considered a high-risk real estate market.

Deposits / Down payments

Nonetheless, it is critical to examine how much money you will be required to spend in total at the outset of your buy. The down payment for a property in Dubai is normally 25 percent of the overall price, and some developers selling off-plan properties may need you to put down 100 percent of the whole price right once. That figure may build up to something startling, which is why it’s critical to have a substantial nest fund or to be able to take out a substantial loan in order to purchase your home.

The fact that the sum itself can be so enormous means that keeping the related costs as low as possible will be critical to saving money.

Wishing you the best of success in your home hunt!

How to buy property in Dubai if you’re not a resident

Residences located in specified leasehold or freehold districts are available for purchase by foreigners, and the procedure of purchasing a home is quite simple. Since the opening of Dubai’s residential market to foreigners in 2002, the city has attracted a large number of expats and international purchasers. Foreigners can acquire property in leasehold areas, which are often located around the city center, or in freehold regions, which are dispersed across the emirate. Leasehold areas are typically located near the city center.

  • The tax-free status enjoyed by the emirate has surely played a significant impact in attracting international investment.
  • These properties are either zero-rated or completely free from property taxation.
  • There are a variety of different types of residence visas available: Visa is valid for three years and can be renewed.
  • Visas are valid for five years and can be renewed.
  • If the property investment totals AED 2 million or more, a 5-year renewable visa for’retirees’ over the age of 55 can be obtained.
  • A valid passport is all that is required of a foreign buyer; a residence visa is not necessary in this case.

From the day on which the Agreement for Sale was signed, the typical property transaction in Dubai takes 30 days to complete, according to Knight Frank, a real estate consulting firm.

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Find a villa in the right community

Apartments, villas, and townhouses for sale in freehold areas are available from a variety of developers and communities in Dubai, making it a desirable destination for homebuyers. Properstar’s online Dubai property listings are an excellent location to start your search for a home in the city. To get you started, here are some criteria and considerations to keep in mind: What do you prefer: an apartment or a villa/townhouse? Residential apartment complexes are concentrated around the major highway, Sheikh Zayed Road, or along the ocean in communities such as Jumeirah Beach Residence, Dubai Marina, Greens, and Jumeirah Lake Towers, to name a few examples.

  • Most villas and townhouses are found in neighborhoods inland from the ocean, in places such as Emirates Hills, Meadows, and Springs, among others.
  • Many apartment structures may be found in several inner neighborhoods, such as Jumeirah Village Circle and Dubai Motor City, to name a few examples.
  • Both flats and villas/townhouses are available for purchase as off-plan ventures, and the prices are often very competitive.
  • Some developers will have a display apartment or show villa accessible to show potential buyers what kind of space and fit out they can expect in their project.
  • Delays in the construction process as well as delays in the handover of the building are rather usual these days.
  • Payments for off-plan properties are often related to the progress of building, with a variety of payment plans available from different developers to choose from.
  • Is it better to buy as an investment to rent out or to live in as a family?

Consider the age of the apartment building or villa as well, since this might have an influence on the resale value of the building or villa.

Residents of neighborhoods such as Dubai Marina and JLT consider parking to be an invaluable resource.

· Convenient access to public transit.

stores, clinics, and a park are all within walking distance so The cleanliness and overall upkeep quality of the community and its facilities Fitness center, swimming pool, children’s play area, and ballroom are just a few of the amenities available in the neighborhood.

Fees are used to maintain the community and pay the wages of security guards, cleaning workers and other maintenance personnel.

A few of developers and homeowner’s associations charge the cost up front on a yearly basis, but others charge the price up front on a quarterly basis.

o Community-imposed rules that must be followed.

Some villa communities have limits on the kind of improvements that can be carried out on their properties.

When it comes to assessing how complete some of the newer communities are in terms of basic utilities such as water and power, as well as construction of community clubhouses and supermarkets, this type of study may be very valuable.

Emaar, Meraas, Nakheeland, and DAMAC Properties are just a few of the main real estate developers in Dubai.

Find apartment close to the sea

1. Visiting the property and conducting an inspection of it It is important to work with an RERA-licensed agent, and it is best to avoid viewing the same property with different real estate agents, as this might lead to a disagreement about who should receive the commission. The seller’s title deed to the property must be in good standing. If you want assistance with ownership authentication, the Dubai Land Department can assist you with that as well. 2. Agreement of Sale or Memorandum of Understanding between the buyer and the seller This is the time at which a deposit (often 10% of the total transaction price) is paid in the name of the seller.

  • 3.
  • Before the transaction may be completed, any mortgage or other outstanding payment on the property must be satisfied (this includes any mortgage cancellation fees).
  • Foreign purchasers are often asked to make a down payment of 25 percent of the purchase price.
  • A Certificate of No Objection must be obtained.
  • In order to get this certificate, the seller must apply for the NOC and guarantee that all maintenance/service fees and invoices have been paid in full.
  • An additional deposit may be required by the developer, which will be repaid after the new title deed has been delivered to him or her by the buyer.
  • In the event that the individual is unable to attend, a power of attorney may be used to represent them.
  • At this time, the final payment for the property (which should be made in the name of the seller) as well as any additional costs should be settled.
  • The real estate agent receives a 2 percent brokerage fee.

A transfer fee of 4% to the Department of Labor (typically split as 2 percent from the buyer and 2 percent from the seller) DLD registration cost of around AED 4,000 (approximately) is payable (for properties over AED 500,000 in value) Costs to the DLD for the issue of the title deed are around AED 500.

The buyer should also expect to pay any necessary maintenance or service fees to the developer or owner’s association on a yearly or pro rata basis.

The title deed is the legally recognized certificate of ownership in Dubai, and it is issued by the Dubai Land Department (DLD).

Following the completion of the acquisition, an application should be submitted to DEWA – the Dubai Electricity and Water Authority – in order to amend the ownership records. When submitting this application, the seller’s signature may be requested, and a new connection fee may be charged.

Buying off-plan property from developer – steps

The procedure of purchasing an off-plan property straight from the developer differs somewhat from that of purchasing a completed house. 1. An examination of the property plans or a site visit to observe the progress of building, as well as the possibility of viewing a model flat or model villa. 2. Confirmation that the project has been registered with RERAI (Regional Environmental Registration and Assessment Institute). According to the Real Estate Regulation Agency, in order to protect investors in off-plan properties, the developer must control 100% of the land that will be used for the development.

  1. RERA also mandates that deposits and payments be placed into a security account that has been approved by RERA.
  2. A reservation or application form to be sent to the developer It will comprise the fundamental conditions of the transaction, a payment schedule, and the buyer’s personal information (including a copy of the passport).
  3. Choosing the appropriate unit It’s the actual apartment or villa/townhouse where you’ll be staying.
  4. Remittance of the first deposit The amount of money that must be paid might vary greatly, ranging from 10% to 50% of the total.
  5. 6.
  6. Fees associated with DLD transactions, such as the 4 percent transfer charge and administration costs, will apply to off-plan transactions as well.
  7. Those interested in learning about the most recent processes should contact the Dubai Land Department (DLD) and the Real Estate Regulation Agency (RERA).

Expatriates buying a property in the UAE

Expatriates can hold properties in Abu Dhabi solely in the form of floors and flats, not lands, under the provisions of Law No. 19 of 2005 Concerning the Regulation of the Real Estate Sector, which is divided into four primary systems:

  • Ownership In exchange for purchasing residential units, expatriates are provided ownership deeds for a term of 99 years, which allows them to completely sell the flats and villas they purchase (land is not included). Musataha Expatriates have the right to possess residential units for a duration of 50 years, which can be extended by mutual consent for an additional period of 50 years. Masataha contracts grant the right to the property owner to use, construct, or change the property within the time period stipulated in the contract. Expatriates can hold residential properties for 99 years under the Usufruct Expatriates Act. With the usufruct contract, the owner is granted the right to enjoy the use of the property and its amenities without having the ability to alter them. Lease for an extended period of time

In most cases, long-term leases are granted for an initial duration of not less than 25 years. In Abu Dhabi, there are designated zones for ownership. There are nine zones in Abu Dhabi where foreigners are permitted to acquire real estate assets, according to the UAE government. Yas Island, Saadiyat, Reem, Mariya, Lulu, Al Raha Beach, Sayh Al Sedairah, Al Reef, and Masdar City are some of the destinations. Learn more about the rules and regulations that apply to expats who own property in Abu Dhabi.

Foreigners now have the ability to purchase real estate in Abu Dhabi investment regions, thanks to an amendment issued to the Abu Dhabi Real Estate Law in April 2019.

Articles 3 and 4 of the preceding law are amended as a result of the new legislation. Three types of property rights are specified in Article 3 I according to which the right to own property is confined to three categories. They are as follows:

  1. Individuals who are Emirati citizens, whether natural or legal persons
  2. Public holding firms in whom non-nationals possess less than 49 percent of the stock
  3. And anybody to whom a decision is granted by the Abu Dhabi Crown Prince or President of the Executive Council

Foreign nationals, whether natural or legal persons, have the right to possess and acquire all original and in-kind interests in real estate properties located inside investment regions, according to Article 3 (ii). Article 4 provides that those who have held a ‘usufruct’ or’musataha’ for more than ten years have the right to dispose of the property, including the right to mortgage, without the approval of the landlord. The landlord, on the other hand, may not mortgage the property unless the usufruct or musataha holder has given his or her agreement.

The complete story may be seen on the Abu Dhabi Government’s website (Tamm).

Buying property in Dubai

Foreign ownership is permissible in freehold districts in Dubai, which are classified as such. Foreigners (who do not reside in the UAE) and expatriate residents have the option of acquiring freehold ownership rights over property without limitation, usufruct rights over property, or leasehold rights over property for a period of up to 99 years. The land plots classified as freehold properties are listed in Article 3 of Regulation No. 3 of 2006 Determining Areas for Ownership by Non-Nationals of Real Property in the Emirate of Dubai (pages 129-132), which may be found on pages 129-132.

In Dubai, there is no restriction on the age at which one can own property.

For further information about purchasing property in the United Arab Emirates, please contact:

  • There are several agencies in Dubai, including the Dubai Land Department and the Real Estate Regulatory Agency.

Find a list of approved brokers in Dubai.

How to Buy Property in Dubai

Documentation Download Documentation Download Documentation Dubai has risen to become a popular destination for global investors and expatriates alike. In recent years, changes in the legislation have made it possible for foreigners to invest in the Dubai real estate market. It is currently extremely simple to acquire a home, assuming that you have the necessary funds available to do so. Seek professional guidance to assist you in navigating the complexities of local laws and regulations.

  1. Step 1: Determine the type of property in which you are interested. When it comes to real estate, foreign purchasers frequently choose for flats, townhouses, or villas, which are typically located in guarded complexes with shared recreational amenities such as tennis courts and swimming pools
  • Since 2002, when foreign nationals were first granted the right to purchase property in Dubai by royal decree, the city has seen a development boom. Make certain that you are browsing in an area where foreigners are permitted to purchase property. For example, Emaar Towers is one of the most well-known, opulent, and costly buildings in Dubai. Other notable developments include Jumeirah Gardens, International City, and Al Hamra Village.
  • 2Start looking for information on the internet. As with any other type of property search, the internet is an excellent place to start. There are a plethora of firms and real estate brokers who advertise houses in Dubai on the internet for sale. It is possible to purchase property from either estate agents or property developers. Typically, real estate brokers offer resale homes, which are properties that have already been developed and have had previous owners. Developers sell off-plan properties that may or may not be completed at the time of sale. Advertisement
  • s3 Make contact with specialized agents. If you want assistance with your search and wish to speak with someone who has extensive knowledge of the Dubai real estate market, it is recommended that you hire an estate agent to collaborate with. The services of an estate agent include assisting you in the search for houses and explaining your many possibilities. Foreign purchasers will be dealt with by large real estate agencies that are accustomed to dealing with foreigners and know English
  • A legal representative can assist you in avoiding potential problems in Dubai because laws and regulations can change swiftly there. A typical price for hiring an Estate Agent ranges between 2 percent and 5 percent of the property’s value
  • However, there are exceptions. Never hire someone without first verifying their qualifications with the appropriate authorities. The Real Estate Governing Agency (RERA) of Dubai is the regulatory agency for the real estate industry in the city.
  • 4 Participate in real estate fairs. The real estate industry in Dubai is still in its early stages, despite its rapid expansion. As a result, a major portion of the real estate purchased by foreigners is purchased from developers who may or may not have completed the development. In order for developers to exhibit their work and meet potential purchasers, property fairs have become increasingly popular. Look for one of these property fairs that will be visiting a city near you
  • These fairs are hosted all over the world.
  • Always double-check with the RERA to ensure that the developer you are contemplating is registered and licensed with the agency. On the Dubai Land Department’s website, you may find a list of licensed developers to choose from.
  • 5 Pay a visit to Dubai. Before you consider purchasing a house in Dubai, be certain that you have spent some time in the city. Consider viewing as many houses as possible and asking the same questions you would ask if you were purchasing a property anywhere else in the globe if you are purchasing a resale property.
  • If you are purchasing off-plan or while building is still in progress, make sure you see similar properties by the same developer that have already been completed. When you are in Dubai, you will also have access to print listings in specialised local newspapers and publications, as well as the opportunity to visit the property fairs that take place throughout the year.
  1. 1 Make sure you have the proper identification and visa documentation. Since a reform in the legislation was implemented in 2002, it has been significantly easier for foreigners to purchase and rent property in Dubai. You will, however, still be required to provide a valid passport as proof of your identification. Even if you are not needed to have any form of residency status in order to purchase property in the United States, if you intend to stay in the country, you must take care of this.
  • The United Arab Emirates government offers a six-month visa for property purchasers, known as the “Property Holders Visa.” This visa permits international investors to stay in Dubai for up to six months while they research potential purchases. To be eligible for this, the property you purchase must be worth more than 1 million dirham, which is around $272,000 USD. This means that you must be purchasing as a person, not as a business.
  • 2 Calculate the total cost of the project. You must be assured that you can afford the property and that you can cover all of the associated expenditures before proceeding with the acquisition. When calculating the total cost of the property, you should take into consideration the purchase price, the deposit, transfer costs, estate agency fees, and the possibility of fluctuating foreign exchange rates.
  • Although it is not legally required, it is wise to retain the services of an attorney to assist you in navigating the maze of paperwork. You should include in the fees of a lawyer when making your estimates. A land registration fee of roughly 2 percent would most likely be required for a newly constructed property.
  • 3 Obtain a mortgage in Dubai if you need one. Mortgages in Dubai are notoriously tough to come by. No mortgages with a non-status or self-certification option are available, and the quantity of red tape and paperwork required might be overwhelming for people who are used to a less stringent system. In other instances, purchasers may be asked to provide a cash deposit ranging from 20 percent to 50 percent of the total loan amount.
  • Mortgages in Dubai are paid in monthly instalments, with 15-year mortgages being the most typical type of arrangement. Residents of India are unable to mortgage or arrange loans against their property in Dubai. In addition, Indian residents are not authorized to provide a guarantee for a loan from a non-resident lender. There is a maximum duration of 25 years for a mortgage plan in Dubai. Combined with other monthly costs, mortgage repayments must not account for more than 35 percent of net monthly income. Because foreign exchange regulation is a complicated issue, it is recommended that you get suitable professional advice before opting to take out a mortgage in a foreign currency of any kind. Mortgage regulations in Dubai are always changing, therefore it is important to remain up to speed by studying local news sources and the Central Bank of the United Arab Emirates.
  1. 1 Fill out and submit a reservation form. In the case of off-plan purchases, once you have decided on the property you want and acquired all of the necessary financing, the first step is to submit a completed reservation form to the developer. A summary of the essential terms and conditions of the sales agreement, including information on the payment plan and personal information from all parties, will be included in this form.
  • Fill out the reservation form and send it in. You must submit a completed reservation form when purchasing a property off-plan, which you may do once you have decided on the property you want and have received all necessary financing. A summary of the essential terms and conditions of the sales agreement, including information on the payment plan and personal information from all parties, will be contained in this form.
  • 2 Make a deposit on your reservation. The reservation deposit must be paid after the reservation paperwork has been signed and agreed to by both parties. The amount will be specified on your reservation form, however it will normally range between 5 percent and 15 percent of the total purchase price, depending on the location. Developers will frequently hold off on preparing the actual sales and buy agreement until this deposit has been paid, and they may charge as much as 20% or more in addition to this.
  • When purchasing off-plan, you should make certain that all deposits and payments are made into a securities account that has been approved by the Real Estate Regulatory Authority (RERA). The developer then receives these fees after the construction process is done
  • And
  • 3 Complete a formal sales and purchase agreement with the buyer. The sales and buy agreement is the formal and legally binding contract between two parties. Make certain that this agreement specifies the date by which the property should be completed, as well as the penalties that will be imposed on the developer if the project is delayed. Consult with an attorney to go through the contract with you and double-check all of the contents, terms, and conditions
  • 3 Complete a formal sales and buy agreement with the seller. An agreement for the sale and purchase of goods or services is a formal, legally enforceable contract. In this document, be sure to include the completion date for the property as well as any fines that will be imposed on the developer if the completion date is missed. Check the contract with an attorney to ensure that all of the facts, terms, and conditions are accurate
  • 4 Transfer the deeds to the new owner. You must transfer the deeds in order to finalize the transaction. The time will come when you will be compelled to pay the entire purchase amount in full. Because the deeds will not be transferred and you will not be considered the owner of the property until the money is received, you must have financing in place.
  • If the construction of the property is complete, the transfer will take place at the Land Department Offices. The deeds will be transferred at the developer’s office if it is not yet done
  • Otherwise, they will be transferred at the title company. A wide invitation to see the property and point out any last flaws that the development team should address will be extended at this point.
  1. 1A Memorandum of Understanding should be drafted. To acquire a resale property in Dubai, you must first come to an agreement with the seller, which must then be documented in a Memorandum of Understanding (MOU). This is a fundamental document that describes the terms and circumstances, as well as the date on which the final purchase will be made. Although it is not legally binding, it is a crucial initial step in the process of purchasing a resale property. 2 Make the initial deposit payment. As soon as the MOU is signed, the purchaser will be required to pay a deposit, which is normally roughly 10% of the total purchase price. This deposit is typically non-refundable unless there is a specific reason why the seller is unable to complete the transaction
  2. However, in some cases, the deposit may be refundable.
  • You will also be required to pay the real estate commission, which is typically between 2 percent and 5 percent of the purchase price.
  • 3 Obtain the deeds to the property. It is possible to proceed through with the acquisition if an agreement and finance have been secured. You will be expected to pay the entire purchase price up front, just like you would if you were purchasing an off-plan development, in order to complete the transaction. You may be required to make an appointment with the Land Department and show all of the necessary papers in order to accomplish this.
  • This meeting may be needed of all parties involved in the transaction, such as the buyer, real estate agent, and a representative from the bank that is funding the purchase transaction.

Create a new question

  • QuestionCan I purchase a home in Dubai if I am a Pakistani citizen? Yes, since 2002, foreigners, including Pakistanis, have been permitted to own and sell real estate in Dubai. Question: Is it possible to purchase an apartment in Dubai with only a tourist visa? The answer is yes, however there are a few criteria that apply depending on the sort of property you are searching for. Make contact with a buyer’s agent. Question Can people of the United Kingdom own property in Dubai? Yes. All that is required is identification documentation and a passport with an abroad visa card. Question I intend to purchase a home in the name of my 17-year-old son, who will be the primary occupant. What is the procedure for it, whether it is an off-plan or a finished property? The answer provided by the community is Arun Raj G.S. In order to purchase off-plan property, you must have a valid resident permit in the nation. Because you want to register it in your son’s name, he should also have a valid visa at the time of registration. It’s not apparent if you’re searching for a home loan or anything else. The most effective method is to get assistance from a real estate agent who can act on the buyer’s behalf. is an excellent buyer’s agent that can assist you with the mortgage and legal aspects of purchasing a home in the United Arab Emirates. Is it possible to obtain an investment visa in Dubai after purchasing property, and what are the investment limits? Yes, the Dubai Land Department is responsible for this. A resident visa with a value of one million dirham is the bare minimum. Question When visiting Dubai, do I require a residency visa in order to purchase a property? In order to acquire property in the UAE, you do not require a residency visa. QuestionCan I purchase property in Dubai if I am from India? The answer provided by the community is Arun Raj G.S. Yes, it is possible to purchase a house in Dubai if you meet a few requirements. There would be certain restrictions based on the type of property and a few other factors. Make contact with any buyer’s agent who may be able to provide you with a more accurate estimate. Question What is the best way to rent out a room? Contact a real estate business in Dubai – they will be able to identify suitable options that match your tastes and financial constraints. Question Will the methods used to purchase property in Dubai be effective in other countries? It’s almost exactly the same thing as before

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  • When purchasing real estate, it is usually advisable to obtain expert guidance.

Professional advice should always be sought before purchasing real estate.

About This Article

Summary of the ArticleXIf you wish to purchase property in Dubai but currently reside in another nation, you will be required to get a passport from that country. Obtaining a “Home Holders Visa” from the United Arab Emirates government is also required if you want to acquire a property worth at least 1 million dirham (about $272,000 USD) and wish to remain in Dubai while looking for properties. Include the purchase price, the deposit, transfer costs, estate agency fees, and currency exchange rates when estimating the overall cost of the property acquisition.

Continue reading for helpful hints on how to locate investment homes. Did you find this overview to be helpful? The writers of this page have together authored a page that has been read 212,468 times.

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If you wish to buy property in Dubai but live in a different country, you will need to get a passport from the nation in which you reside in order to proceed. Obtaining a “Home Holders Visa” from the United Arab Emirates government is also required if you want to acquire a property worth at least 1 million dirham (about $272,000 USD) and wish to remain in Dubai while looking for property. When determining the entire cost of the home, make sure to include the purchase price, the deposit, transfer costs, estate agency fees, and currency conversion rates in your calculations.

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  • The city has greater rental returns than many other mature real estate markets, making it a good investment. Generally speaking, investors can expect gross rental returns of between 5 and 9 percent. In addition, property costs per square foot in Dubai are cheaper than in many other cities across the world, making it an economical place to invest in premium real estate. Check In Dubai, how many square feet can you get for a million dollars? In accordance with new visa legislation relating to property investment, investors can now get a resident visa, subject to the fulfillment of specified requirements. If your property is worth more than AED 1 million, you may be eligible for a resident visa that lasts for two years. If your property is worth more than AED 5 million, you may be eligible for a resident visa that lasts for five years. However, if your property is worth more than AED 10 million, you may be eligible for a resident visa that lasts for a period of 10 years. Because of the city’s exceptionally favorable tax circumstances, in particular the absence of property taxes and stamp fees, which are common in other worldwide real estate markets, the city is seen as a highly desirable investment environment.

In comparison to many other mature real estate markets, the city has greater rental returns. Property costs per square foot in Dubai are cheaper than in many other cities across the world, making it an economical place to invest in premium real estate. On average, investors can expect gross rental returns of between 5 and 9 percent. Check In Dubai, how many square feet can you get for a $1 million investment? Investment in real estate has resulted in new visa legislation that allow investors to get a resident visa, subject to certain restrictions, through property investment.

Depending on the value of your property, you may be eligible for a resident visa valid for five years.

Because of the city’s exceptionally favorable tax circumstances, in particular the absence of property taxes and stamp fees, which are common in other worldwide real estate markets, the city is seen as a particularly desirable investment location.

  • Location
  • The facilities and services that are available in the neighborhood, such as closeness to transportation, education, daycare, and other amenities
  • And Size, quality, market circumstances, and the timing of the acquisition are all important considerations. Expenses associated with upkeep On its own, each of them is a difficult component to master, and in order to do so successfully, you must either conduct considerable study or save time by speaking with a property adviser


  • It is simple to purchase real estate in Dubai, and the formalities are straightforward. Terms are agreed upon by the buyer and seller. A Memorandum of Understanding (MOU) is signed, and a deposit (often 10 percent) is paid to secure the agreement. The parties meet at the developer’s offices to submit an application for a No Objection Certificate (‘NOC’) in order to sell the property
  • And In most cases, the developer will issue the NOC in exchange for payment of a fee after the developer is satisfied that any amounts owed to the developer in the form of service costs have been paid in full. Following the issuance of the NOC, the parties will be allowed to proceed to the office of the Dubai Land Department to complete the formal transfer of ownership. When transferring ownership, the Dubai Land Department will require that the purchase price be paid in the form of a manager’s cheque payable to the seller on the day of transfer. The buyer will receive a new title deed in his or her name when the procedures are completed.

Your Step-by-Step Guide to Buying Property

For first-time home buyers, the process of purchasing a house or any other type of property might be intimidating. It doesn’t matter where you are in the globe; there are some legal issues of investing in real estate that you should be aware of no matter where you are. In Dubai, the situation is the same. Consider the steps involved in purchasing a house in Dubai. Examine the legal processes that must be followed in order to accomplish this goal in accordance with the applicable real estate laws.


Law No. 7 of 2006: Land Registration Law governs the legal issues of purchasing a property in Dubai, and it is referred to as the Real Estate Law. Article (4) of Law No. 7 of 2006 specifies who is eligible to purchase and possess real estate in Dubai. Real estate can be purchased anywhere in Dubai if you meet the following criteria, according to the law: Foreigners can also purchase real estate under the same legislation, but only in regions that have been designated for foreign property ownership.

The most significant distinction between freehold and leasehold property ownership in Dubai is the buyer’s rights provision.

When you purchase a house on a leasehold basis, you will have ownership rights to the property for a specified amount of time. When you purchase a home on a freehold basis, on the other hand, you will enjoy entire ownership of both the property and the ground on which it is constructed.


You may purchase a property in Dubai whether you’re seeking for your next home or a profitable real estate investment opportunity. The procedure is very simple, whether you’re looking for a place to live or a lucrative real estate investment. When purchasing a home in Dubai, there are four basic legal stages to take. In the following part, we will go over the legal factors that you need to be aware of in order to answer the question of how to buy a home in Dubai. The legal procedures for purchasing a home in Dubai are basic.


Following your discovery of the ideal home on Bayut or another property site, the next step is to negotiate and detail the conditions of the sale with the seller. There are two alternatives when it comes to acquiring property in Dubai and the United Arab Emirates: paying cash or applying for a mortgage. The opportunity to bargain is likely the most significant advantage you have when purchasing a house with cash rather than a mortgage. Cash purchasers have a greater understanding of their financial situation, which allows them to bargain for a cheaper price.

Those in charge of the remainder should be a respected Dubai real estate agency or legal compliance company.


The signing of the selling agreement, also known as the Memorandum of Understanding, is the second formal stage in the process of purchasing real estate in Dubai (MOU). The Memorandum of Understanding (MOU) or Form F is one of the RERA real estate documents in Dubai. In addition to the official website of the Dubai Land Department, Form/Contract F is also available. A typical scenario is that your real estate agent would prepare the contract for you. As soon as the contract is completed, both the buyer and the seller must sign it in the presence of a witness (typically the agent) at the Registration Trustee’s office.

Signing the selling agreement is the final step in completing the transaction.


Following that, you and the seller, as well as the real estate agent, will need to meet at the developer’s headquarters (for example, Dubai Properties, Emaar or otherproperty developers in Dubai). The purpose of this meeting is to apply for and pay for a No Objection Certificate (NOC), which will allow the ownership to be transferred. The developer will only provide the NOC if there are no outstanding service costs on the property at the time of the application.


As soon as you have gotten the NOC, the final legal step in purchasing a property in Dubai is to meet with the seller at the Dubai Land Departmentoffice in order for the transfer to become official.

Before visiting the DLD office to complete the property transfer, you must have the following documents ready to present to the DLD representative:

  • A manager’s check for the purchase price of the property, payable to the seller
  • Both the buyer’s and seller’s original identifying documents (such as an Emirates ID card, passport, or visa)
  • The developer’s initial certificate of compliance
  • Contract F (memorandum of understanding) has been signed.

As soon as all of the requirements are finished, a new title deed will be issued in your name, and you will be considered a legally recognized property owner in Dubai. You will be the proud owner of a property in Dubai once all of the requirements have been completed.


The process of purchasing a home in Dubai might take anything from two to 10 weeks. If the property has previously been mortgaged or has been acquired with a mortgage, the procedure will often take longer.


The following are the administrative charges associated with purchasing real estate in Dubai:

  • Fees charged by the Dubai Land Department are 4 percent of the property value plus AED 430 for land, AED 40 for off-plan property, and AED 580 for apartment and office buildings. Fee for registering a property
  • Properties with a value of less than AED 500,000 are subject to a fee of AED 2,000 plus 5 percent VAT
  • Properties with a value greater than AED 500,000 are subject to a fee of AED 4,000 plus 5 percent VAT.

a cost of AED 250 for the issuance of the title deed and a 2 percent of the property value for the services of an agent


If you’re purchasing a home with a mortgage, the legal procedures will be slightly different. Before signing the selling agreement, you must first obtain a mortgage pre-approval from your lender. A letter of approval from the DLD on the mortgage is also necessary before submitting an application for the NOC. The Bank Mortgage Arrangement cost, which is 1 percent of the lent amount, is one example of an additional fee. In addition, there is a Property Valuation cost ranging between AED 2,500 and 3,500 plus 5% VAT to pay.


A little more difficult procedure occurs when an owner sells a Dubai home that has been mortgaged. This means that the buyer must pay off the original mortgage on the property in full before submitting an application for a NOC. The scenario is more risky for the buyer, and the process of purchasing property in Dubai requires a few more legal stages. The process of purchasing a property in Dubai is made significantly more complicated by the use of a mortgage.


Non-resident foreign property ownership in Dubai is permitted under the emirate’s law, subject to certain restrictions. Foreigners, including residents and non-residents, are only permitted to purchase real estate in Dubai’s designated freehold districts. Some of the most important freehold districts in Dubai are as follows:

  • Arabian Ranches, Palm Jumeirah, Dubai Marina, and Downtown Dubai are just a few of the attractions.

In addition to the standards outlined above, there are additional restrictions regarding foreign property ownership in the United Arab Emirates that must be followed. So, there you have it – four basic legal processes to follow in order to purchase property in Dubai. When purchasing a commercial property or purchasing off-plan buildings in Dubai, the procedure is different. In either case, real estate investing is a significant financial commitment, and it is wise to carefully consider the advantages and disadvantages of purchasing property in Dubai before making a decision.

Take a look at these Dubai flat for sale listings.

Villas for sale in Dubai are available in a variety of sizes and styles.

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