Can I buy a property in Dubai?

Yes, anyone can buy property in Dubai even if they are not a citizen or resident of the UAE (United Arab Emirates). The Dubai government allows foreigners to purchase properties in designated areas which are called freehold areas. Anyone can buy, sell or lease property in these freehold areas freely.

The most popular freehold areas are Dubai Marina, Downtown Dubai, Palm Jumeirah, Jumeirah Beach Residence, Jumeirah Lake Towers, Bluewaters, City Walk, Business Bay, and a few others.

Freehold areas do not have any restrictions, unlike leasehold areas where the ownership is granted for a specific lease period.

The lease life varies from 30 to 90 years and is renewable subject to approval.

These are Dubai Investment Park (DIP - has a lease of 99 years), Dubai Silicon Oasis (DSO - lease life - 30 years), and Mamzar (lease life - 30 years). Hence it's advisable to research or ask your agent before making a purchase.

Buying a property is a fairly easy and well-regulated process. Dubai's Government has an excellent check and balance process in place and its regulatory body, The Dubai Land Department (DLD) gives full transparency to all transactions, offers project status, complete investor protection, and a verification process before one can sign the dotted line.

When buying, one must keep in mind that Dubai, unlike other cities in the world does not have property or property gains tax, it just has a one-time registration fee which currently is 4% of the property value.

Almost all property transactions can be done online, thus allowing people not staying in Dubai comfort in managing their properties and profiting when the market appreciates.

Dubai has one of the world's best luxury properties comprising of villas, mansions, and even private islands (World Islands). Investors see an average ROI of 7 to 8% and an appreciation of up to 30% in most areas from the time when Dubai started offering Golden visas to investors.

Dubai has always been a tourist hub attracting tourists from over 200 countries and the new visa system is seeing heavy investments pouring in from around the world.

Known for being one of the safest cities to live in, offering high-class education and health care, having the world's tallest building (Burj Khalifa), the world's largest mall (Dubai Mall), the world's largest airport (Al Maktoum International Airport), one of the world's busiest airport (Dubai International Airport), handles over 100 flights a day, there is nothing more the rich elite people can crave for.

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