Buy Property In Dubai

Dubai has immense project offerings for freehold property and having the right information about the areas and pricing is vital for every buyer before making a decision to buy property in Dubai. Before you start the search for that dream property, the below steps will ensure you save time and effort and get to the right property easily.

Whether you are buying residential or commercial property in Dubai, you need to make a choice between off-plan and ready property. While buying off-plan property has benefits like low price, ready property is something you can physically see and inspect before buying. There are video tools that will give you a 3D view of how your future home will look like, this is useful for off-plan property buyers, as they get a clear insight of what they will receive on handover. If inspecting the property before buying is the most important factor for you than buying a ready property makes perfect sense. If you are an investor then you should be open to both off-plan and ready segments. For people wanting to buy property in Dubai and get residency visa, any property valued more than a million AED will make you eligible.

The next step is to choose the area you are interested in, this generally depends on preferences related to a work commute or family requirements like nearby schools, medical facilities and amenities. This is the step where a real estate broker can help you to provide information about each area and to determine if it's right for you. The other factor on this step is to have a clear budget as this will narrow down your property search and save a lot of time.

After you have done the research for the most suitable area, the right type of property, and you know how much you are going to spend, you can start looking for the property. Listing portals, broker websites are a good place to start, you can also appoint a real estate agent to find you the best property and guide you through the entire property buying process in Dubai.

Dubai allows foreigners to buy property in designated freehold areas.The most popular freehold areas to buy residential property in Dubai are Dubai Marina, Jumeirah Beach Residences, Jumeirah Lake Towers (for both residential and commercial units), Downtown Dubai, and Dubai Sports City. For villas, Jumeirah Park, Arabian Ranches, Jumeirah Village Circle and Jumeirah Islands have the best in the market properties available. In the commercial segment Business Bay, JLT and DIFC are popular choices.

Property prices in all these Dubai areas depend on the size, location, view from the property and other factors. The cheapest property in Dubai starts from AED 300,000 and the price goes all the way to 50+ Million for the luxury segment.

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We list some of the best properties in Dubai for both residential and commercial segment. Our dedicated specialist will guide you on choosing the best property whether you are looking for ready or off-plan.

Dubai Property FAQ'S

- Can foreigners buy property in Dubai?

Yes, foreigners living inside or outside the UAE can buy property in Dubai in all freehold areas. Areas like Dubai Marina, Palm, JLT, Downtown Dubai are some to name a few. You don't necessarily need to live in Dubai to own a property, but can do so while living anywhere.

- Can Expats buy property in Dubai?

Yes, expatriates living in the UAE can buy property in Dubai. As mentioned above freehold areas are open to any nationality to become a property owner.

- What is the difference between freehold and leasehold property in Dubai?

Dubai has designated areas that offer freehold properties. A freehold is a property that any national whether residing in the UAE or outside can own. You don’t necessarily need to be a resident or national of the UAE to buy a freehold property. A leasehold is a property that any national can lease for a term of 99 years.

- What is the rental return in Dubai?

Dubai offers one of the world's best rental returns that range from 5% upto 9% and even above in some areas. This however depends on market conditions and the basic principle of supply and demand.

To know more about Dubai real estate or get advice on buying property in Dubai and the property buying process, give us a call and we will be happy to assist.