Question About Selling
Yes, foreigners can buy property in designated freehold areas in Dubai. These areas allow full ownership rights.
- Freehold: Full ownership of the property and the land it stands on.
- Leasehold: Right to use the property for a fixed period (usually up to 99 years). Ownership of the land remains with the original owner.
Popular areas include:
- Downtown Dubai
- Dubai Marina
- Palm Jumeirah
- Jumeirah Village Circle (JVC)
- Business Bay
Dubai does not have property tax, but there is a 4% transfer fee payable to the Dubai Land Department (DLD).
Property Buying Process
Start by hiring a trusted real estate agent, choosing a property, and signing a Sales and Purchase Agreement (SPA).
The residence is comprised of 5 bedrooms, 2 master bathrooms, 4 on-suite guest bathrooms, 2 powder rooms, 2 offices, 2 dressing rooms, a media room, an oversized eat-in gourmet chef’s kitchen, and a sprawling 1,100 square-foot Great Room perfectly situated in the prime southwest corner of the floor.
Yes, mortgages are available for UAE residents and non-residents, subject to eligibility criteria. Banks typically finance up to 80% for residents and 50%-70% for non-residents.
- Passport copy
- Emirates ID (for residents)
- Proof of income and funds
- Pre-approval letter (if applying for a mortgage)
Off-plan properties usually require a down payment of 10%-20%, with the rest paid in installments during construction or upon handover.
The residence is comprised of 5 bedrooms, 2 master bathrooms, 4 on-suite guest bathrooms, 2 powder rooms, 2 offices, 2 dressing rooms, a media room, an oversized eat-in gourmet chef’s kitchen, and a sprawling 1,100 square-foot Great Room perfectly situated in the prime southwest corner of the floor.
The residence is comprised of 5 bedrooms, 2 master bathrooms, 4 on-suite guest bathrooms, 2 powder rooms, 2 offices, 2 dressing rooms, a media room, an oversized eat-in gourmet chef’s kitchen, and a sprawling 1,100 square-foot Great Room perfectly situated in the prime southwest corner of the floor.
Legal and Authority
Yes, Dubai’s real estate market is regulated by the Dubai Land Department (DLD) and RERA (Real Estate Regulatory Agency). These bodies ensure transparency and protect buyers’ rights.
No, a residency visa is not required to buy property, but property investments of AED 750,000 or more can make you eligible for a residency visa.
- Yes, but the remaining loan amount must be cleared with the bank before the transfer of ownership.
RERA oversees Dubai’s real estate market, ensures compliance with regulations, and protects the interests of buyers, sellers, and tenants.