YOUR HOME JOURNEY STARTS HERE

Yes, foreigners can buy property in Dubai. The city offers freehold properties where non-residents can purchase homes with full ownership rights. Areas such as Dubai Marina, Downtown Dubai, Palm Jumeirah, and Jumeirah Lakes Towers are popular for foreign buyers.

The process of buying property in Dubai involves several steps:
1. Property Search: Identify the property you want to buy and conduct thorough research.
2. Make an Offer: Once you find a property, make an offer through a real estate agent or directly to the seller.
3. Sales Agreement: Sign a Memorandum of Understanding (MoU) with the seller and pay a deposit, usually 10% of the property value.
4. No Objection Certificate (NOC): Obtain an NOC from the developer to ensure there are no outstanding fees.
5. Final Payment: Complete the final payment and transfer of ownership at the Dubai Land Department (DLD).
6. Title Deed: Receive the title deed in your name, officially making you the property owner.

There are no personal income taxes or capital gains taxes in Dubai. However, there is a 4% transfer fee payable to the Dubai Land Department when buying property. Additionally, there may be some administrative fees and agency commissions involved.

No, you do not need to be physically present in Dubai to buy property. You can authorize a representative through a Power of Attorney (PoA) to handle the transaction on your behalf. However, it is advisable to visit and inspect the property in person if possible.

Yes, buying property in Dubai can offer residency benefits. If you purchase property worth AED 1 million or more, you may be eligible for a residency visa, subject to certain conditions. This visa typically needs to be renewed every two years. The UAE government has also introduced long-term visas for higher investment amounts and retirees.