One of the cities that allows foreigners to own real estate the most is Dubai. If you’re not a resident of the United Arab Emirates and want to invest or purchase a home, here are some things you should know.
✅ Who Can Purchase Real Estate in Dubai?
Foreigners are permitted to purchase in specific freehold locations, including:
Downtown Dubai
Marina in Dubai
Jumeirah Palm
The Business Bay
JVT and JVC
Hills Estate in Dubai
📋 Required Documents:
A copy of a valid passport
Address verification (for mortgage)
Pre-approval (if financing is being used)
Methods of Payment: Cash purchases
Mortgage (for foreigners who work for themselves or on a salary)
Payment schemes for developers (for off-plan)
🔍 Detailed Purchase Procedure: Select a Home
Put your signature on the Memorandum of Understanding.
Pay the deposit, which is typically 10%.
Ownership transfers through the Dubai Land Department (DLD)
🏦 Charges to Remember: 4% DLD Transfer Charge
2% Agency Charge
Fee for Trustees (AED 4,000)
📝 Pro Tip: To prevent unforeseen expenses and guarantee seamless documentation, cooperate with a reputable real estate expert.
📞 Need assistance purchasing your first house in Dubai? Allow our professionals to guide you through the procedure.
