Is it permissible for foreigners to own property in Dubai?

Yes, foreigners are allowed to own properties with 100% freehold ownership in designated freehold areas in Dubai.

What are the conditions for foreign property ownership?

The property must be located within approved freehold areas. Possession of a valid passport. Signing an official sales contract with the seller. Paying the property transfer fee (4%) at the Land Department. Officially registering the property and obtaining a title deed. No prior residency is required to purchase property.

Is it possible to register a property in Dubai under the name of a foreign company?

Yes, the property can be registered in the name of a local or foreign company according to the regulations of the Dubai Land Department.

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Questions and Answers about the Freehold Property Law for Foreigners in Dubai

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common.most_popular_questions "Questions and Answers about the Freehold Property Law for Foreigners in Dubai"

The new ownership law in Dubai guarantees foreigners the right to own properties under the freehold system in designated areas without the requirement of residency or a local partner. It regulates the rights and obligations of owners, protects investors, and specifies the procedures for registration and transfer of ownership with the Land Department.

In other words, the law grants full ownership rights to foreigners in authorized areas and regulates sales and purchase transactions, deed transfers, and registration fees to ensure transparency and legal stability in the real estate market.