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How to Buy a Property in Dubai

The Ultimate Expat's Guide to Buying Property in Dubai 2024

Invest In Dubai Real Estate

Introduction :

The real estate industry in the UAE is consistently increasing. The United Arab Emirates now conducts 2.5 times as many sales and purchases as it did five years ago. Many apartment complexes and villas are created in places where foreigners can purchase them.

When investors buy real estate in the UAE, they may gain another source of income and qualify for a UAE Golden Visa.

Who Can Purchase Property in the UAE?

UAE nationals can buy real estate in full ownership within the UAE. This also applies to inhabitants of some Middle Eastern countries, including Saudi Arabia, Oman, Bahrain, Kuwait, and Qatar.
Foreigners from other nations may purchase property in the United Arab Emirates under specific conditions. Property can be purchased into full ownership in freehold zones, which are designated regions. In every other part of the UAE, only a tenancy is permitted over a real estate
property.

In the case of a tenancy, a person only owns the physical object for 50–99 years, not the land on which it is built.

Foreigners who have complete ownership of a property in the freehold zone are eligible for the UAE Golden Visa. There are nine freehold zones in Abu Dhabi and over fifty in Dubai.

Golden Visa

Obtainment of the UAE Golden Visa?

Golden visa - Invest in Dubai real estate

Purchase of a real estate

A foreigner who has purchased real estate into full ownership has a right to obtain the UAE Golden Visa. It is granted for 2 or 10 years, depending on the cost of the property.

To get a 10-years Golden Visa

The investor needs to purchase real estate for at least AED 2,000,000, or about $545,000. In this case, the investment sum doesn’t depend on the composition of the investor’s family.

To get a 2-year residence visa

Investors must buy real estate for AED 750,000, or around $204,000. This sum applies if the investor owns a property alone. If the ownership is registered for two spouses, the real estate must cost at least AED 1,000,000, or around $272,000. The investor can take a loan to purchase real estate, and the down payment must be at least 50%.

Short Quiz

Take the Short Quiz.
To Know Your Eligibility.

Apartment costs by area in Dubai

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Villa costs by area in Dubai

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The process of buying real estate in the UAE

01

Selecting an object

The object can be selected remotely.

02

Sale and purchase agreement

Up to 2 weeks

03

Obtainment of No Objection Certificate

2 to 3 weeks

04

Registering Ownership

2 to 3 weeks

Its, Not Only Dubai?

Dubai is renowned globally for its towering skyscrapers, luxurious lifestyle, and vibrant economy. However, the other emirates of the UAE, including Abu Dhabi, Sharjah, Ras Al Khaimah, also play crucial roles in the nation's development and present significant investment opportunities.

Investing in Dubai real estate is a golden opportunity that should not be missed for economic, living, investment, and life reasons. Firstly, we must agree that Dubai is the safest, fastest-growing, and most prosperous city in the world year after year. In your real estate investment in Dubai, you have the opportunity to obtain a golden residency that lasts up to 10 years. In addition, you can enjoy a luxurious life for you and your family in Dubai with complete peace of mind. Moreover, you can benefit from zero taxes along with high investment returns and dozens of other positive points. Contact us to learn more.

Investing in real estate in Dubai requires, first and foremost, that you communicate with experienced and credible real estate investment consultants in Dubai. It’s essential to determine what you want and are looking for, then decide on the amount you want to invest, and identify the reason for investing in real estate. The consultant will help you answer these questions and then provide you with real estate investment opportunities that suit your needs. After that, you will pay an ownership fee, which is usually 2% of the property value. Alternatively, you can directly pay the first installment, which is commonly 10% or 20% of the property value, a practice accepted among most real estate developers in Dubai. Then, you will commit to your payments, which will be detailed for you in your payment plan.

Certainly, real estate investment in Dubai is among the most secure and stable in the world. Dubai properties offer outstanding investment opportunities with high returns and minimal to almost non-existent risks. This is attributed to the overwhelming interest from tourists and investors alike, who flock to enjoy the superior quality of life in Dubai, characterized by high security, nearly zero crime, and tax exemptions. Additionally, there is the opportunity for real estate investors to obtain golden residency.

There is no limit to the amount of investment in Dubai real estate, due to the large number of real estate projects in Dubai, and the large number of investment opportunities in the real estate sector in Dubai, and prices vary from one region to another and from one developer to another. You can start investing from up to 1 million UAE dirhams, up to 10, 50, or even 100 million and more.

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