Can Foreign Nationals Purchase Property in Dubai?

Can Foreign Nationals Purchase Property in Dubai?

Dubai has long been recognized as a thriving hub for property investment, attracting buyers from all over the world. In the past, purchasing a house in this vibrant city often came with the requirement of obtaining residency. However, in recent years, Dubai has opened its doors to international buyers by removing the residency requirement. So let's explore the property options that are accessible to non-residents seeking to invest in Dubai.

What Types of Properties Can Non Residents  Buy in Dubai?

1. Freehold Properties

In Dubai, non-citizens and expatriates have the freedom to purchase Freehold Properties within specific areas designated by the Dubai Land Department (DLD). As owners of these properties, they enjoy complete autonomy in buying, renting, or making investments in both the property and the land it occupies.

The DLD updates the freehold areas on yearly basis and some of these areas are:

  • The Palm Jumeirah,
  • Downtown Dubai,
  • Burj Khalifa,
  • Dubai Marina,
  • Emirates Hill,
  • Barsha Heights,
  • Blue Water Island,
  • Business Bay

2. Leasehold Properties

Leasehold properties involve owners acquiring the right to enjoy and benefit from a property for an extended duration, typically around 99 years, similar to a long-term lease. However, in this arrangement, the owner is not authorized to make alterations or modifications to the property without obtaining consent from the freehold owner.

Foreign property buyers in Dubai can easily obtain long-term residence visas.

There are different visa options:

  • Property Investor visa (3 or 5 years)
  • Golden Visa (for AED 2 million property purchase)
  • Green Visa (5-year work and residence permit without UAE company sponsorship)

Foreigners can buy Properties for Business Purposes

Foreigners have the opportunity to purchase properties in Dubai for both commercial and residential purposes. To utilize the property for commercial activities, as a foreigner, it is essential to possess the required documentation, including a valid Trade Licence.

Conclusion

Non-residents can now invest in Dubai's real estate market thanks to recent changes in laws and regulations. It's a great opportunity to make a real estate investment in Dubai, regardless of your residency status. Don't miss out on the chance to be part of this dynamic market and secure your future in one of the world's most exciting cities. Act now!