Question 1

How to buy property in Dubai as a foreigner?

Accepted Answer

Foreigners can buy freehold property in designated areas in Dubai. The process requires a valid passport, a reservation form, and payment of the deposit and DLD fees.

Question 2

What are the additional costs when buying a property in Dubai?

Accepted Answer

Additional costs typically include a 4% Dubai Land Department (DLD) transfer fee, a 2% agency fee, and smaller administration fees for the NOC and registration.

Question 3

Can I get a residency visa by buying property?

Accepted Answer

Yes, purchasing property worth AED 750,000 qualifies for a 2-year visa, while property worth AED 2 million or more qualifies for the 10-year Golden Visa.