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What People Ask Frequently
Can foreigners buy property in Dubai?
Yes, absolutely. Foreigners can buy freehold property in designated areas across Dubai. This gives you full ownership rights, including the ability to sell, lease, or pass the property on as inheritance.
What is an off-plan property?
An off-plan property is one that you purchase before it’s completed. You’re buying directly from the developer, often at a lower price, and typically paying in installments during construction.
Is it safe to buy off-plan in Dubai?
Yes, as long as you’re buying from a RERA-registered developer and the project has an escrow account. Dubai’s real estate sector is well-regulated, with laws in place to protect buyers and ensure funds are used appropriately.
What are the visa benefits of property investment?
If you buy a property worth AED 750,000 or more, you can apply for a renewable 2-year residency visa. If your investment is AED 2 million or more, you’re eligible for the 10-year Golden Visa, which can include your spouse, children, and even domestic staff.
Can I get a mortgage for an off-plan property?
Yes, many banks in the UAE offer off-plan mortgages, usually covering up to 50% of the property value during construction. Approval depends on the developer, project status, and your financial profile.
How do I check if a developer or project is registered?
You can verify developer and project registrations via the Dubai Land Department (DLD) or RERA online portals. Alternatively, ask if the project has an Escrow account.