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'...