Thinking about buying a home or investment property in Dubai? Expats make up the majority of real estate buyers in the UAE, and while the process is straightforward, there are key steps to understand before you start.
1. Can expats legally own property in Dubai?
Yes. Foreign nationals can buy property in designated freehold areas such as Dubai Marina, Downtown, JVC, Palm Jumeirah and Dubai Hills Estate. Ownership gives you full rights to sell, rent or occupy your property.
2. How much do I need for a deposit?
Most banks require a minimum 20 to 25 per cent down payment for expat buyers. For properties priced over AED 5 million, this increases to 30 per cent or more. Find out more with our mortgage calculator.
3. Do I need a residence visa to buy?
No, you can purchase property without being a resident. However, if you're applying for a mortgage, most lenders will require a valid UAE residency visa.
4. Are there extra costs?
Yes. Allow for:
- Dubai Land Department (DLD) fees: approx. 4 per cent of purchase price
- Registration fees
- Broker commissions (usually 2 per cent)
- Service charges if it's an apartment
5. Should I buy off-plan or ready?
Off-plan properties offer lower entry prices and payment plans but come with delivery risk. Ready properties are faster to rent out or move into.
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