Can a foreigner buy real estate in Dubai?

Absolutely! Foreigners can definitely buy real estate in Dubai, and it's actually quite straightforward compared to many other countries. Here's a breakdown:

Ownership Options:

• Freehold: This grants full ownership with the right to buy, sell, lease, or inherit the property. Foreigners can own freehold property in designated areas throughout Dubai.
• Leasehold: This grants long-term tenancy rights (usually for 99 years), but the land ultimately belongs to the developer. Leasehold options are available in many areas of Dubai.

Eligibility:

• There are no restrictions on nationality or residency status for buying Dubai real estate.
• You must have a valid passport and be able to financially support the purchase.
• Some specific developments might have additional requirements, so inquire directly.

Benefits:

• No income tax or property tax in Dubai on sale, only at purchase time at 4%
• Stable and transparent legal system
• Attractive rental yields for investors - one of the highest one!
• Diverse property options and vibrant market

Things to Remember:

• Only buy property in designated freehold areas for foreigners.
• Understand the different ownership options and their implications.
• Seek professional advice from a real estate agent and lawyer familiar with Dubai regulations.
• Conduct thorough due diligence before any purchase.