YES, is the answer to your question: can expatriates buy property in Dubai?

Since 2001, Dubai Government has allowed expatriates to buy property here. So from then, ex-pats of all nationalities are permitted to buy, sell and rent property in Dubai. But to invest in real estate, you should be aware of a few things which we will discuss in this article.

Being an ultra-famed and progressive place worldwide, Dubai attracts many from everywhere. Hence, investing in Dubai’s real estate market is a hot option. Plus, the well-developed infrastructure of the real estate market is a profitable option with no risk.

There are many options for expatriates to own a property in Dubai according to choice and budget. And the process of buying is also relatively simple here with no legal troubles, far better than other developed places. Moreover, the rising rate of rent and property makes buying property in Dubai much more profitable.

• To purchase property in Dubai, first, you need to get a residence visa or a property visa from Dubai. Once you get the visa, you are allowed to purchase any kind of property you like.

• And to get through the purchasing process, you need to find a credible real estate agent. The agent will help you to get the best deal.

• Another important thing is that you should know about all kinds of properties before buying. Apartments, villas, townhouses, and even plots to build your own home are available here.

• The budget depends on the property type and location. Generally, properties near the city center are always in demand and costlier than others.

In Dubai, there are many investment opportunities in the real estate market for both residents and expatriates-

Lease or rent: One of the most profitable real estate investment options is to buy a property and then lease or rent it at a reasonable price. Lots of residents and expatriates mostly do it to generate good earnings for a long time.

Resell: Another beneficial investment opportunity is to buy a property and then resell it later with a higher amount. Many investors consider it a great way to make money for higher profit at once.

Real estate ownership: In Dubai, you can buy a property in two ways: Freehold and Leasehold-

Freehold ownership: Freehold ownership means the buyer or the owner completely owns the whole property. Hence, the buyer is the absolute owner, including the structure and land it stands. They have the total freedom and right to sell or rent it out.

Leasehold ownership: Leasehold ownership lets the leaser can lease or rent the property from its owner for 99 years. The tenant or leaser does not own the property here but only occupies it till the contract period. When the contract ends, the property reverts to its owner.

Real Estate Regulatory Agency, or RERA, is the most important entity in Dubai that deals with anything related to real estate. It regulates the official works of the Dubai Land Department. RERA is responsible for all the real estate works for buyers, tenants, investors, and property developers. So, for any property-related problems in Dubai, you can get help from RERA.

Q. Can an expat buy a property in Dubai?

Ans: Yes, an ex-pat or foreigner can buy property in Dubai. Since 2001, Dubai Government has allowed expatriates to purchase property here. So from then, ex-pats of all nationalities are permitted to buy, sell and rent property in Dubai.

Q. Can an ex-pat own property in Dubai without a residency visa?

Ans: Nowadays, purchasing a property in Dubai without a residency visa is possible. To own property in Dubai without residency, you should need to get a property visa from the Dubai government.

Q. What are the benefits of investing in Dubai real estate?

Ans: Investing in Dubai’s real estate market has many benefits. In Dubai, there is no property tax, plus you also become eligible for a Dubai visa according to your investment. And the rising rate of rent and property makes buying property in Dubai much more profitable.