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Business Bay
975,000 AED - 3,750,000 AED
Jumeirah Garden City
995,000 AED - 2,627,000 AED
Majan
795,000 AED - 3,194,000 AED
Al Jaddaf
944,444 AED - 3,187,499 AED
Dubai Sports City
633,000 AED - 2,183,000 AED
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Can a foreigner buy a house in Dubai?
GoGold Real Estate made this concise and comprehensive article.
Price per sq.foot has increased by 18.5% year on year to Oct 24
Here are the top 5 takeaways for home buyers in November 2024:
Here are the top 5 takeaways for home buyers in November 2024:
The benefits of buying a property in Dubai include:
Additionally, Dubai offers a modern lifestyle, advanced infrastructure, and political stability.
Owning property in Dubai can qualify you for a renewable residency visa, specifically the property investor visa. This visa is available to property owners who invest a minimum of AED 750,000 in residential real estate. Depending on the property’s value, the visa lasts three or five years and can be renewed as long as you maintain ownership of the property.
Foreigners can buy properties in many freehold areas in Dubai, including Dubai Marina, Palm Jumeirah, Downtown Dubai, Jumeirah Beach Residence (JBR), Arabian Ranches, Arjan, Dubai Land, Jumeirah Lakes Towers (JLT), Jumeirah Village Circle (JVC), Jumeirah Village Triangle (JVT), Majan, The Springs, The Meadows, Emirates Hills, Dubai Silicon Oasis, Business Bay, Al Barsha, DIFC, Dubai Sports City, Dubai Production City, Dubai Science Park, and International City.
To ensure a clear title, obtain a ‘No Objection Certificate’ (NOC) from the developer and verify all property documents through the Dubai Land Department. Perform a thorough due investigation or contact GoGold so their real estate experts can make sure your desired property has a clear title.
Once you have paid your deposit and registration fees, the developer will register your contract with the Dubai Land Department, and you will receive an initial contract for the off-plan project.
Property ownership is transferred by signing a sales purchase agreement, obtaining an NOC from the developer, and registering the transfer with the Dubai Land Department.
Rental yields in Dubai are impressively high, generally ranging from 6% to 12%, making it one of the top global cities for rental returns. Capital gains vary depending on the property’s location and the broader market conditions. Due to their demand and prestige, key areas like Downtown Dubai, Palm Jumeirah, and Dubai Marina often see the highest appreciation rates.
According to data from dxbinteract.com, the average cost of purchasing an apartment in Dubai is around AED 1,200 per square foot as of 2024. However, prices can significantly differ based on the apartment’s location, amenities, size, and demand for the development.
Foreigners can own 100% of property in designated freehold areas across Dubai. These areas are specifically tailored to attract foreign investment and offer full ownership rights, similar to those UAE nationals in other parts of the country enjoy.
Buying a house in Dubai can qualify you for a residency visa. The visa type and duration, typically 3 to 10 years, depend on the property’s value and are renewable as long as you maintain the property ownership.
A 2-bedroom apartment in Dubai typically costs between AED 1,200,000 and more than AED 5 million for premium locations and developments. Factors influencing the price include the development’s location, the build quality, the amenities provided, and the area’s overall market demand.
Yes. Investing at least AED 2 million in Dubai real estate qualifies you for the UAE Golden Visa. This long-term, 10-year, renewable visa provides greater stability and other benefits, like longer residency terms and easier visa renewal processes.
Foreigners can buy property in freehold areas by choosing a property, making a deposit, and finalising the sale at the Dubai Land Department. This process involves registration and fee payment.
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