Are you a foreigner interested in knowing the conditions for buying property in Dubai ? No matter what country you are from, investing in Dubai is open to all nationalities. The laws of the UAE allow you to own property in Dubai and make your dream of owning a home in Dubai a reality in a few simple steps.
By reading this guide on Part Group , you will get all the information you need for a comfortable and hassle-free property purchase in Dubai!
Terms and Rules for Buying property in Dubai
| Subject | Description |
| New rules | – Possibility of receiving accommodation with a 20% down payment for off-plan properties – Purchased property can be transferred to heirs and life-long residents – Purchased property must be residential |
| Minimum property investment amount in Dubai | – 750,000 dirhams for a 2-year residency – 1 million dirhams for a 5-year residency – 2 million dirhams for a 10-year residency |
| Family stay | Possibility of obtaining residence for yourself and family members |
| Buying a property for 2 people (partnership) | To obtain residency, the investment amount per person must be 750,000 dirhams. |
| Required documents | – Passport – Copy of national ID card – Email and contact number – Certificate of no criminal record, health certificate, bank statement, purchase and sale agreement |
| Areas allowed for home purchases | “Freehold” areas include Palm Jumeirah, Dubai Marina, Downtown Dubai, etc. |
| Benefits of Dubai Property Residency | High security, possibility of opening a bank account, tax exemption, high economic growth, tax-free property rental |
| Limitations | Inability to obtain permanent residency, inability to work with a resident visa, high housing costs |
| Additional costs | Contract registration fee: 1,000 dirhams, residence permit fee: 1,100 dirhams, ID card fee: 370 dirhams |
| Attendance requirement | The owner must travel to Dubai every 180 days to avoid cancellation of residency (10-year visa not required) |
| Duration of residence permit issuance | Usually between 2 to 4 weeks after purchasing a property in Dubai |
| Supplementary documents | Certificate of financial means, certificate of physical health, official translation of documents |
| Visa extension | Requires a period extension at a cost of approximately AED 1,100 and the owner’s presence in Dubai |
| Type of accommodation | Temporary (2 to 10 years), renewable |
What are the important conditions for buying property in Dubai?
New conditions for buying property in Dubai
The Dubai Property Purchase Conditions and Rules Law No. 7 of 2006 is the main reference and regulation regarding property ownership in Dubai. This law gives residents of the UAE and Gulf Cooperation Council (GCC) countries the right to purchase property anywhere in Dubai. In the case of foreigners, they can purchase property in areas designated as “freehold” or “leasehold” (long-term rental). The latest conditions for buying property in Dubai include:
- 2-year residency: purchase of property worth 750,000 dirhams
- 5-year residency: purchase of property worth 1 million dirhams
- 10-year residency (Golden Visa): Purchase of property worth 2 million dirhams
It should be noted that the Dubai residence visa is extendable and its validity period depends on the amount of your investment.
General and new conditions for buying property in Dubai:
- Possibility of obtaining a 2 to 10-year residence permit by purchasing ready-made or pre-sale properties.
- The property purchased must be in “fairhold” areas (available for purchase by foreigners).
- Possibility of obtaining residency with a down payment on property under the new laws of 2024.
- To receive residency, the purchased property must have residential use.
- Possibility of obtaining accommodation for yourself and family members.
- Earning rent and profits from purchasing property is tax-free.
- It is not possible to work by buying property in Dubai.
- Purchased properties can be transferred to heirs and for life.
- There is no possibility of citizenship or permanent residency by purchasing property in Dubai.
Specialized rules of the UAE and Dubai for buying property:
- Setting up a buyer/seller contract
- Signing a property sales agreement
- Request for No Objection Certificate (NOC)
- Transfer of ownership at a notary public office
What is the difference between “freehold” and “leasehold” ownership?
The difference between them is that freehold ownership gives you full ownership of the property without restrictions and your property is permanent and transferable to heirs, while leasehold ownership allows you to own the property for a specific period of time, up to 99 years.
How to buy a house in Dubai?
In general, you have three options when buying property in Dubai:
- Under construction or on the ground
- Ready-to-deliver properties
- Buying second-hand property
You can find all of these 3 kinds in our Web-Site . Our professional assistants are ready 24/7 for helping you to find the best property for you and your family. For knowing more about terms of UAE go to Dubai.ae site.
