Frequently Asked Questions
You can use this guide to familiarize yourself with rules, laws and other important information relating to your property.
Yes, foreigners can buy property in designated freehold areas of Dubai. These areas are specifically designed for foreign ownership and offer various property types like apartments, villas, and townhouses
There are two main types of ownership:
- Freehold: This grants you full ownership of the property and the land it’s built on.
- Leasehold: This gives you the right to use the property for a specific period (usually up to 99 years) but not ownership of the land.
The general steps are:
- Find a property you like and negotiate a price with the seller.
- Sign a Memorandum of Understanding (MoU) and pay a deposit (usually 10% of the purchase price).
- Get a No Objection Certificate (NOC) from the developer (if applicable).
- Sign the final sale agreement and pay the remaining amount.
- Register the property with the Dubai Land Department (DLD).
RERA is the regulatory body for the real estate sector in Dubai. It ensures that developers and real estate agents adhere to the laws and regulations, protecting the interests of buyers and investors.
- DLD Registration Fee: 4% of the property value.
- Real Estate Agent Commission: Usually 2% of the property value.
- Mortgage Registration Fee (if applicable): 0.25% of the loan amount.
Yes, many banks in Dubai offer mortgages to foreigners, but eligibility criteria and interest rates may vary.
Oqood is a system by the DLD to register off-plan properties. It protects buyers by ensuring that developers have the necessary approvals and escrow accounts in place.
Dubai has a Rental Dispute Center (RDC) that handles rental disputes. It’s a quick and efficient way to resolve conflicts.
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