Frequently
Asked Questions.
01 —— 03
Yes, foreigners can own freehold properties in designated areas of Dubai. Non-UAE nationals have full ownership rights in freehold areas, while leasehold properties offer long-term usage rights typically for 99 years.
Freehold gives you complete ownership of the property and land indefinitely, allowing you to sell, rent, or pass it to heirs. Leasehold grants usage rights for a specific period (usually 99 years) but ownership remains with the freeholder.
For non-residents: Only a valid passport is required. For UAE residents: A valid Emirates ID is needed. Additional documents may be required for mortgage applications if you’re seeking financing.
No, you don’t need a UAE residence visa to purchase property. However, buying property worth AED 750,000 or more (approximately $204,000 USD) can qualify you to apply for a 2-year renewable investor visa, while properties valued at AED 2 million or more (approximately $544,000 USD) can qualify you for a 10-year renewable Golden Visa.
Expect to pay 4% Dubai Land Department (DLD) transfer fees, 2% + VAT real estate agent commission, registration/trustee fees (approximately AED 4,000-6,000), and mortgage registration fees (if applicable), totaling approximately 7-10% of the property value.
Yes, UAE banks offer mortgages to expats. You typically need a down payment, stable employment, and meet minimum salary requirements. Pre-approval helps streamline the buying process.
Popular freehold areas include Downtown Dubai, Dubai Marina, Jumeirah Beach Residence (JBR), Palm Jumeirah, Business Bay, Dubai Hills Estate, and many other designated communities across the emirate.
Yes, Dubai’s market continues strong year-over-year growth. The market reached $140 billion in 2024 with a 29.77% year-over-year increase and the first half of 2024 saw a 30% increase in transactions from the previous year. The market offers attractive rental yields and consistent capital appreciation.
Service charges cover building maintenance, security, and common area upkeep. They typically range from AED 4-6 per square foot annually for townhouses and villas, and AED 15-25 per square foot for apartments.
The process typically takes 2-4 weeks for cash purchases and 6-8 weeks if financing is involved. This includes property searches, negotiations, mortgage approval (if applicable), and DLD registration.