Buying real estate in Dubai is an attractive opportunity for both personal residence and high-yield investment. The emirate actively encourages foreign buyers by creating favorable conditions and transparent procedures. However, for the transaction to be successful, it is necessary to take into account a number of requirements and follow professional recommendations. Apartments for sale in Dubai can be found conveniently online today.
Basic requirements
The first and main requirement is to choose real estate in the freehold zone, that is, in an area where foreigners are allowed full ownership of the property. Such areas include:
- Dubai Marina;
- Downtown Dubai;
- Business Bay;
- Jumeirah Lake Towers;
- Palm Jumeirah and other prestigious areas.
In these areas, foreigners can not only purchase housing, but also dispose of it at their own discretion – rent it out, sell it, pass it on by inheritance.
To buy real estate in Dubai, a foreigner must provide a foreign passport. If the property is purchased in installments or at the construction stage, the developer may request additional documentation, such as a sales contract, proof of payment and bank details. However, obtaining a residence visa in advance is not required – on the contrary, purchasing real estate for an amount of 750,000 dirhams can become the basis for obtaining a UAE resident visa, which opens up access to many benefits.
What to pay attention to?
Particular attention should be paid to the registration of the transaction. All purchases are made through the Dubai Land Department. A single fee of 4% of the value of the property is charged for registration, which is usually paid by the buyer. You will also need to pay for the services of the registration center and, in some cases, notarization.
Advice for buyers: always check the reputation of the developer or real estate agency. Work only with licensed brokers registered with the Real Estate Regulatory Agency. This will ensure the legality of the transaction and the protection of your interests. If the property is under construction, make sure that the project is approved by the authorities and entered in the DLD register. The second important piece of advice is to analyze the area’s infrastructure and potential profitability of the property. Dubai offers different types of housing: from modest studios to luxurious penthouses with swimming pools. Choose a property that suits your purposes: for living, renting out, or reselling. Pay attention to maintenance costs — service, utilities, taxes.