Dubai isn’t just a city; it’s the gold standard for luxury, innovation, and architectural brilliance. Such a dazzling metropolis offers unmatched opportunities to investors and entrepreneurs who rush into a world of high returns and extraordinary residences. One of the most frequently asked questions by those looking to tap into this vibrant market is, “Can foreigners buy property in Dubai?”.

The city attracts people from all over the globe. Home to iconic skyscrapers and breathtaking waterfront communities, the Dubai real estate scene has transformed into a potpourri of investment opportunities. Be it iconic skyscrapers or breathtaking waterfront communities, Dubai offers unlimited opportunities and a market set up for the highest returns. This city is your gateway to extraordinary living and high-yielding investments.

If you are a foreigner wondering, “Can foreigners buy property in Dubai”, you must understand how the real estate market functions. This guide highlights key aspects of purchasing property, from legal requirements to choosing the right property, to help you make an informed investment decision. Get ready to seize the golden opportunity because luxury awaits in Dubai! 

Can Foreigners Buy Property in Dubai?

The answer to this question, can foreigners buy property in Dubai, often asked by many who do not live in Dubai, is yes—foreigners can purchase properties in Dubai. They can buy, sell, or lease properties on a freehold or leasehold basis in areas approved by the Dubai Land Department (DLD). Additionally, foreign nationals can take possession of commercial property in Dubai if they have a valid trade license from the Emirate.

Foreigners can even invest in renting out their properties to tenants and have companies manage the entire process. However, it’s important to note that all foreigners must follow the regulations when buying property in Dubai to avoid any legal issues.

The Dubai property market is thus one of the most convenient options for non-residents to invest in. It is a city with specified freehold areas where foreigners can fully own property, hence being a haven for international investors. 

Now that you know the answer to the question, “Can foreigners buy property in Dubai,” let’s jump to other necessary details regarding the process. 

Eligibility and Legal Requirements When Buying Property in Dubai as a Foreigner

Dubai has an open property market to all non-resident property buyers. This means that any foreigner can purchase property in Dubai without necessarily obtaining a residence visa provided they are in a position to show a valid passport as a form of identification during the buying process.

Even foreigners have access to mortgage financing from UAE banks, although options would be fewer than for UAE citizens and expat residents. This, in general, will be a basic criterion to secure a mortgage as a non-resident, to be decided upon by individual banks, such as country of residence, monthly income, or any other factor related to financial consideration.

Furthermore, in the case of a non-resident applicant for a mortgage, the bank statements, proof of employment status, or any other document as may be directed by the Bank in a particular case, shall be provided at the time of making an application for a mortgage as a non-resident. To qualify as a foreign buyer, below is what one must have:

• Legal Age: There is no age limit to own property in Dubai as a foreigner.
• Valid Passport: A valid passport is required as an identity at the time of purchase.
• Financial Stability: The Applicant shall have sufficient bank funds that are to be utilized against the property.
• No Objection Certificate (NOC): In case of resale property or where a mortgage is involved, NOCs from the Developer have to be obtained.
• Dubai Land Department (DLD) Registration: The property should be registered by the DLD; the buyer must pay the transfer fee of 4%.
• Sales and Purchase Agreement (SPA): A Sales and Purchase Agreement is to be signed by the parties concerned that would, in all respects, lay down terms and conditions relevant to the sale, including payment plans, dates of handover, and penalties.
• Residency Visa: A residency visa is not required to buy property in the UAE. However, if an expatriate invests in a property worth AED 750,000 or more, they may qualify for a residency visa (United Arab Emirates Government. (n.d.). Expatriates buying a property in the UAE.).

Types of Properties Available for Foreign Buyers in Dubai

Foreigners can buy property of various types in Dubai, depending on their investment goals. They can invest in different forms of property, which are classified based on ownership rights:

Residential Properties

• Freehold Residential Properties: These are residential properties that foreigners can fully own in the designated areas. These include apartments, villas, and townhouses. Some popular freehold areas for residential properties are:

• The Palm Jumeirah
• Downtown Dubai
• Dubai Marina
• Emirates Hills
• Barsha Heights
• Business Bay
• Blue Water Island

• Leasehold Residential Properties: Foreigners are also permitted to hold residential properties in leasehold areas for a long tenure, usually up to 99 years. They will be entitled to the property but not the land under the lease. Major alterations to the property may require express consent from the freehold owner.

Commercial Properties

• Freehold Commercial Properties: Foreigners can own commercial properties such as office spaces and retail units in freehold areas. Popular locations include:

• Business Bay
• Downtown Dubai

• Leasehold Commercial Properties: Foreigners can also lease commercial property in leasehold areas for long tenures, up to 99 years. However, ownership of the land remains with the leaseholder.

Off-Plan Properties

• Freehold Off-Plan Properties: Foreigners can invest in off-plan properties under construction or planned, within freehold areas. Moreover, these investments often come with flexible payment plans. Examples include:

• Greenside Residences
• Bayview by Address Resorts
• Rove Home

• Leasehold Off-Plan Properties: Exclusively, the off-plan leasehold properties in Dubai have a long-term tenancy agreement. The buy-to-let purchaser is guaranteed to occupy the premises as long as the possession of the lease is, without ever owning the land. This makes it possible to still benefit from his property despite not owning the land on which it is built.

The Dubai economy facilitates foreign investors to invest in real estate areas within residential, commercial, and off-plan properties. Additionally, remember different legal conditions define the types of ownership enjoyed.

Best Locations for Foreign Investment in Dubai Real Estate

Dubai is one of the rapidly flourishing real estate markets, which offers great opportunities for foreign nationals to place their investments. In such cases, a foreign national can avail an excellent opportunity to become a freehold property owner in hotspots of investment known as freehold areas. So, here are the top locations where foreigners can invest in Dubai.

Popular Areas with Ready Properties:

1. Dubai Marina: This luxury waterfront living place in Dubai has been a favorite of many investors. The starting price for a 1-bedroom apartment there is close to AED 1.90 million.
2. Jumeirah Village Circle (JVC): 1 bedroom apartment would cost about AED 930,000 here. There are more affordable areas like JVC that have a community feel and amenities on offer.
3. Downtown Dubai: The tallest Burj Khalifa places Downtown Dubai as the center of luxury living. The 1-bedroom price is around AED 1.86 million.
4. Business Bay: It is a commercial-cum-residential locality. 1-bedroom apartments in Business Bay can be purchased at around AED 1.30 million.
5. DAMAC Hills 2: Popular for its townhouses and bigger units, DAMAC Hills 2 comes at a starting price of AED 1.09 million.

So, this is the list of the popular locations. Foreign investors can select from apartments, villas, townhouses, or commercial properties within these areas.

Off-Plan Projects

The real estate market of Dubai has also turned into a busy business. Following are some of the noteworthy off-plan developments in the emirate:

1. Greenside Residences: A project by Emaar Properties, offers 1-, 2-, and 3-bedroom apartments. It’s set for delivery in the third quarter of 2027, with proximity to the Dubai Hills Mall and access to Al Khail Road. 
2. Bayview by Address Resorts: Another Emaar development, this project includes 1- to 4-bedroom apartments and 4- to 6-bedroom penthouses. Will get ready by 2028, it offers breathtaking vistas across the city.
3. Rove Home: Located in Downtown Dubai, this project is directly from IRTH and Rove Hotels, with furnished studios and 2-bedroom lavish apartments. Completion is tentatively in the second quarter of 2026. One could expect to purchase either a half-floor or a full-floor apartment.

These areas and projects provide a wide portfolio of options to any foreign investor interested in purchasing Dubai property.

Steps to Take When Buying a Property in Dubai

There are several steps involved in buying property in Dubai as a foreigner. These steps include:

• Determine the budget and type of property to analyze your financial status and whether you want to buy a residential or commercial property.
• Research the reputation of developers and the nature of projects offered.
• Deal only with a duly accredited real estate agent dealing with foreign buyers.
• Visit the property showrooms. This gives you a feel of the property’s design and quality.
• Place a deposit to secure your chosen property and sign the MoU.
• Select a payment plan that will suit your wallet, whether in cash or mortgage.
• Obtain a NOC certificate, register a property with DLD, and obtain the title deed.
• Monitor the property progress, inspect finally, and report any defects.

Understanding Property Taxes for Foreign Investors in Dubai

One of the greatest attractions to pay attention to while investing in real estate in Dubai is that there aren’t that many common taxes to worry about:

• No Property Tax: The Dubai government does not collect any annual property tax; hence, owning real estate is cost-effective.
• No Capital Gains Tax: Any sale made on the property results in a profit not being subjected to capital gains tax.
• Transfer Fee: A one-time fee of 4% of your property value payable to the Dubai Land Department at registration.
• Value Added Tax on Commercial Properties: A charge of 5% VAT is applicable for the purchase of commercial properties and all other rental/lease scenarios.

Other Benefits of Buying Property in Dubai for Foreigners

The following are some of the more compelling advantages associated with purchasing property in Dubai:

• 100% Foreign Ownership: Foreigners have the right to full ownership in designated freehold areas, making Dubai very attractive for investment.
• High ROI: The Dubai real estate market presents competitive yields compared to most other expat areas.
• Residency Visa: A person buying property above AED 750,000 has a good chance of obtaining residency. This will further enhance the charm of Dubai in the eyes of foreign investors.
• World-class Infrastructure: Dubai has an unmatched infrastructure with facilities, transport links, and lifestyle resources that are the best in their class.
• Stable Economy: The economy of the UAE is quite robust, paired with political stability. So, it has become a safe and profitable place for investment in the UAE. 

Key Takeaways for Foreign Investors

The Dubai real estate market offers an exciting platform for foreign investors who would find a good mix of luxury and high returns. From swish residences to ultimate commercial spaces, Dubai is well-positioned to meet any type of investment. Hopefully, this detailed guide has offered you the information needed on how can foreigners buy property in Dubai.

It contains all the details about ownership options and legal formalities, so you will be empowered to go through the buying process confidently. Embrace your chance to invest in one of the world’s most dynamic cities while ensuring a place in the vibrant property market of Dubai. So, don’t miss out on your chance—luxury living in Dubai is just a step away!

Frequently Asked Questions

Can expats buy a property in Dubai?

Yes, you can buy property in Dubai as an expat. You can purchase pre-constructed homes from top developers or take possession of freehold residential plots to build your dream property from scratch.

Can you own 100% property in Dubai?

Yes, you can fully own a property in Dubai in a freehold area. In such locations, you are not required to have a local partner, allowing you to own the 100% property.

What is the minimum salary for a home loan in the UAE?

Minimum salary to avail a home loan in UAE – It depends on the applicant’s status and nature of employment:

UAE Nationals:

• Salaried: The applicant needs to have a minimum monthly earning of AED 8,000.
• Self-employed: The applicant needs to have a minimum monthly earning of AED 12,000.

UAE Residents:

• Salaried: The applicant needs to have a minimum monthly earning of AED 20,000.
• Self-employed: The applicant needs to have a minimum monthly earning of AED 20,000 (Emirates Islamic. (n.d.). Apply for a home finance.).

Is it a good idea to buy a house in Dubai?

Yes, it is a good idea to buy a house in Dubai. If luxury and high returns are what you’re looking for in a property investment, a property in Dubai is surely a good investment. The successful economy, ‘investor-friendly’ government policies, and the possibility of buying freehold property make Dubai an avenue of great potential. If you have been looking at this lively city, now might be the right time to invest in Dubai’s real estate.