First of all, residents as well as non-resident foreigners can buy properties in the designated freehold areas of Dubai. Second, you don’t have to pay any registration or transfer fees on the property that the builder is already paying. Third, if you’re buying from a developer, you can request a change of ownership once you are in possession of the dwelling unit. You should ensure to provide copies of your Land Transfer Contract/Power of Attorney for a smooth transfer of title.
Luckily for you, the answer is a resounding yes! Both resident and non-resident foreigners can buy properties in the designated freehold areas of Dubai. Article 3 of Regulation No 3 of 2006 Determining Areas for Ownership by Non-Nationals of Real Property in the Emirate of Dubai specifies land plots designated as freehold properties. The title deeds are issued by the Land Department in Dubai.
Most people think that you cannot buy a property in Dubai while on a visit visa. This is kind of true, but only for off-plan properties. I will cut it short now, the difference between off-plan properties and existing properties and why this law organizes the purchase through Executive Council Resolution No (13) of 2008 regarding the organization of the initial real estate registry in Dubai only for off-plan properties.
A Perfect Investment Opportunity in Dubai
Casa Nostra is an award-winning and culturally diverse brokerage that brings together a team of multilingual and highly qualified real estate brokers. Casa Nostra utilizes extensive expertise in the local market and the internationalism of real estate. At Casa Nostra, we exercise a client centrode approach that helps us to deliver end-to-end property management and real estate solutions.
The company has massively expanded from its official inception in 2012 with a team of exceptionally talented real estate brokers and consultants. All the solutions rendered at Casa Nostra are formulated with a result-oriented perspective, while our competent brokers are always on the lookout for ideal property investment opportunities.
Buyers, Sellers, and Tenants can reach us anytime. Thank you for choosing Casa Nostra Real Estate!