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Yes, foreigners can purchase property in designated freehold areas in Dubai. There are no restrictions on non-residents buying property in these zones.
The Dubai Land Department (DLD) is the government authority responsible for overseeing all real estate transactions in Dubai, including property registration, sales, leases, and transfers. The DLD ensures legal integrity, issues Title Deeds, and regulates the real estate market to maintain transparency and protect both property owners and investors. It also supports sustainable growth and development in the sector.
Dubai offers a wide variety of properties, including apartments, villas, townhouses, and penthouses. Exclusive communities like Palm Jumeirah and Jumeirah Golf Estates feature luxury and high-end options.
Dubai imposes a 4% transfer fee, payable to the Dubai Land Department, along with smaller fees for registration and administrative paperwork. However, there are no capital gains, income, or inheritance taxes in Dubai.
Yes, property investors can qualify for a residency visa in Dubai. Current requirements include a minimum investment of AED 750,000 for a three-year visa or AED 2 million for a ten-year visa.
Yes, property owners can rent out their property in Dubai. Many investors do so to generate rental income, and properties can be managed remotely or through a property management company.
No, you can sell your property at any time. However, if you have an outstanding mortgage, it must be settled before the transfer, which is handled through a mortgage settlement process.
All real estate transactions in Dubai are regulated by the Dubai Land Department (DLD) and the Real Estate Regulatory Agency (RERA). Working with licensed brokers and developers ensures compliance and transparency throughout the process.
Off-plan refers to the purchase of a property that is still under construction or planning. In Dubai, buying off-plan means acquiring a property directly from a developer before completion, often at a lower price, making it an attractive option for investors. Key aspects of off-plan purchases include:
Opening a local bank account is not mandatory, but it can make transactions more efficient, especially if financing the property through a UAE bank.