Your Questions Answered About Real Estate in Dubai
Frequently asked questions
Yes, foreigners can buy property in designated freehold areas in Dubai. These areas allow full ownership, offering you the freedom to buy, sell, or lease your property.
Some of the most sought-after areas include Downtown Dubai, Dubai Marina, Palm Jumeirah, Business Bay, Jumeirah Village Circle (JVC), and Arabian Ranches. The choice depends on your investment goals—luxury living, rental yields, or long-term growth.
Dubai offers a tax-friendly environment with no property tax or capital gains tax. However, a 4% transfer fee is applicable when registering a property with the Dubai Land Department (DLD).
To qualify for a 10-year Golden Visa through real estate investment, you need to invest at least AED 2 million in one or more properties.
Both residents and non-residents can apply for a mortgage in Dubai. Banks typically offer up to 80% financing for residents and 50-70% for non-residents, depending on the property value.
It depends on your preferences:
1. Off-plan properties are ideal for investors seeking lower initial costs and higher ROI potential.
2. Ready properties suit those who want immediate occupancy or rental income.
The general process includes:
1. Selecting the property.
2. Signing a Memorandum of Understanding (MoU) and paying a deposit (usually 10%).
3. Applying for a No Objection Certificate (NOC) from the developer.
4. Finalizing the transaction and registering the property with DLD.
Service charges are annual fees paid to maintain communal areas and facilities in your property or community. The cost varies by location and type of property.
Dubai offers some of the highest rental yields globally, ranging from 5-10% annually, depending on the area and type of property.
You’ll need to register your property with the Dubai Land Department and obtain an Ejari certificate for rental agreements. Landlords must also ensure the property meets all legal and maintenance standards.
Key factors include location, property type, developer reputation, market trends, and your investment objectives (rental yield, long-term growth, or personal use).
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