How a foreigner can buy real estate in Dubai?
How a foreigner can buy real estate in Dubai?
Some are sure that it is very complicated for a foreigner to buy real estate in Dubai because of bureaucratic prohibition.
One of the most important problems, which stand before everyone who decides to buy apartment or villa in Dubai, is bureaucratic difficulties. That is why many people think that it is difficult for a foreigner to buy real estate here. Sometimes there are even thoughts that a foreigner has no rights to register the ownership of the property. That is why desirous had to use help of local registers or agencies, in fact buying a property in the name of another person.
First of all, we have to say that there are no such problems in Dubai. There are no specific bureaucratic difficulties and everybody can choose real estate for its own taste in accordance with the income and needs.
Also some think that there is a specific procedure of buying real estate in Dubai: that there is no possibility to buy real estate, but only to rent it for 99 years term. However, this is not true. There are no such restrictions from the government's side.
So, how a citizen of another country can buy a property?
It should be noted that officially citizens of countries which are not in Cooperation Council for the Arab States of the Gulf, can buy real estate. There are no restrictions.
The only difficulty is that they can buy real estate not everywhere, but only in special Freehold areas. Government of the Emirate passed the law and established a list of these areas in 2006.
However, no one should be afraid of this fact or be limited in desires. To these Freehold areas belongs almost all territory of "New Dubai." The only thing is that foreigners are limited in buying property in historical city areas.
There are open such popular areas for foreigners like:
• Dubai Marina;
• Jumeirah Lakes Towers;
• Downtown Dubai;
• The Palm Jumeirah and others…
In other words, all the areas, which are interested for tourists and for those who wants to be an owner of real estate in Dubai, are available. The procedure of buying real estate also has no difficulties and it is even easy. It is necessary to show your passport. Special real estate agencies will solve all the issues. No buying or renting deals are made here without them.