How foreigners can buy real estate in the UAE: rights, obligations, and opportunities

Introduction to the topic of rights and obligations of foreignreal estate buyers in the UAE

The rights and obligations of foreignreal estate buyers in the United Arab Emirates (UAE) are an important aspect for those planning to invest in this attractive country.

Rights and obligations of foreign buyers

Foreign citizens from various countries have the opportunity to purchase real estate in the UAE; however, it is important to consider the existence of certain restrictions regarding specific areas. For instance, transactions in any area of Dubai can only be carried out by UAE citizens and some residents of Gulf Cooperation Council countries, as well as companies registered in these countries.

Types of ownership for foreign owners

In the UAE, there are freehold zones where foreigners, not belonging to Arab nations, can invest their funds in residential and commercial properties. In these free zones, full ownership rights are immediately granted, which opens up opportunities for further sale, rental, gifting, or inheritance of the properties.

Between 2006 and 2008, laws were enacted that laid the foundation for the list of freehold zones in emirates such as Dubai, Umm Al-Quwain, Ras Al Khaimah, and Ajman. In 2019, opportunities for foreign investors were expanded in Abu Dhabi, and in 2022, freehold zones were established in Sharjah, allowing foreigners to obtain full ownership rights.

The largest number of such zones is concentrated in Dubai, where a significant portion of the territory has already been freed for full ownership. Here are examples of major freehold zones in Dubai:

• ARJAN
• Dubai Creek Harbour
• Jumeirah Beach Residence (JBR)
• Remraam
• Al Warsan
• Dubai Waterfront
• MBR City
• Barsha Heights
• Dubai International Financial Centre (DIFC)
• Jumeirah Heights
• Palm Jumeirah
• Downtown Dubai

Leasehold zones in the UAE

In addition to freehold zones, the United Arab Emirates also has leasehold zones where real estate transactions are conducted through long-term leases. The maximum duration of such a lease can reach up to 99 years. Upon expiration of this term, the lease usually reverts to the owner, who is most often a construction company. However, the tenant has the opportunity to extend the contract for themselves or their relatives for the same duration. There is also an option to sell the property before the lease ends, transferring the remaining term to the new buyer.

Step-by-step procedure for a real estate transaction

Every foreign investor should have a clear understanding of the process of purchasing real estate in the UAE. Start by selecting a property, assess its value, and conduct a thorough legal review of the transaction. Then, prepare the necessary documents, clarifying all the details. Don't forget to research all the conditions and obligations imposed by the deal to avoid any unpleasant surprises in the future.

Remote deal

As of today, the ability to conduct transactions online makes the purchasing process more accessible. This is especially relevant for international clients, allowing them to complete deals without leaving their homes. All necessary contracts can be signed using an electronic signature, which simplifies the interaction between the parties.

Mortgage and installment plan

In the UAE, purchasing real estate is often done through mortgage or installment plans. Local banks and financial institutions offer various programs, allowing investors to choose the most suitable option. Discuss all the details with a mortgage consultant to ensure you fully understand all the terms.

Additional expenses

It is important to consider that when purchasing real estate, there are additional costs involved. These expenses include:

• tax collections
• registration fees
• services of lawyers and appraisers
• property insurance

Resume

Thus, purchasing real estate in the UAE for foreign citizens presents a profitable opportunity, but it requires a careful approach and consideration of various nuances. By knowing your rights and obligations, following all the steps of the purchase, and planning your financing carefully, you can successfully complete the transaction and become a property owner in this amazing region.

Extended rights for foreigners in the UAE

In recent years, foreigners wishing to become property owners in the United Arab Emirates (UAE) have gained significant advantages that nearly equate their rights to those of local residents. With the introduction of legislation in 2006, foreign citizens now have the opportunity not only to rent but also to sell, gift, and inherit real estate. Previously, they were only allowed temporary use of the property, limited to a period of up to 99 years.

Golden visa for investors

Since the beginning of 2019, new rules have been implemented in the UAE that allow foreign investors to obtain a so-called "golden visa." This visa grants the right to long-term residence in the country. Since then, the conditions for obtaining this visa have changed several times, but starting in 2022, the authorities established a minimum purchase price for residential real estate to qualify for a 10-year residence permit.

• Now, to apply for a visa, it is necessary to purchase property worth at least 2 million dirhams (about 544 thousand US dollars).
• There is also an option for those interested to obtain a resident visa for two years, provided that the purchase price is at least 750,000 dirhams (approximately 204,000 US dollars).

We offer a detailed overview of the new immigration rules and various visa options in our material.

The rights of citizens of Russia

As for Russian citizens, they have equal rights when purchasing real estate in the Emirates compared to foreigners from other countries. From 2022 to 2024, the UAE has become particularly attractive for Russians considering real estate investments. Additionally, Russians can open bank accounts in the UAE; however, full access to all banking services is only available to residents of the country who possess an Emirates ID.

Responsibilities of property owners

It is worth mentioning separately the obligations of foreign property owners in the UAE. In this country, there is no annual property tax; however, owners are required to pay a fee for the maintenance of buildings and surrounding areas. The amount of this fee can vary depending on the area and the developer, averaging between 15 to 60 dollars per square meter.

Buying real estate in the UAE

If you are interested in purchasing real estate in the UAE, there are many offers available from various agencies and developers, which makes the selection easier. However, before settling on a specific company, it is strongly recommended to ensure that it is accredited by the Real Estate Regulatory Agency (RERA). This minimizes the risks of fraud and increases the chances of successfully completing the construction project on time.

Overview of current real estate properties

On specialized platforms, you can find extensive databases of current real estate listings in the UAE. These resources allow you to subscribe to updates and submit requests for property selection. There is also a list of agencies that work with Russian-speaking clients and provide support at every stage of the real estate purchasing process.

Interest in real estate in the UAE

In recent months, there has been a significant increase in interest in the real estate sector in the United Arab Emirates. For example, in Dubai, you can find apartments starting at €42,603. These living spaces are quite spacious—102 square meters, including three bedrooms and three bathrooms.

New opportunities in Dubai

There is an active sale of new residential complexes on the coast as part of the Mar Casa project, located on the Maritime City peninsula. This offer is suitable for both investors and tropical vacation enthusiasts, which includes frequent trips to the beaches, strolls along picturesque promenades, and marine excursions.

Variety of offers

In addition, there are many different options available in the real estate market in Dubai. For example, you can buy an apartment for €56,804, which has a total area of 42 square meters and includes one bedroom with a bathroom.

Opportunities in Abu Dhabi

The real estate market in the UAE offers a wide selection and various opportunities for purchasing housing, especially in major cities like Dubai and Abu Dhabi. If you are considering options for buying an apartment in Abu Dhabi, you can find a one-bedroom apartment in The Source area on Saadiyat Island for €60,659, covering 78 square meters.

This investment could become quite profitable, as there is an expected potential for rental income of up to 2026.12%.

Elite complexes in Dubai

In Dubai, you can also consider purchasing apartments with an area of 150 square meters for €60,862. These living spaces include two bedrooms and two bathrooms. It's an elite complex.Select Grouplocated in the areaBusiness Bayis a great choice for those looking for a high quality of life in prestigious areas.

Apartments in Dubai Sports City

In addition, the real estate market offers listings for apartments sized 36 square meters inDubai Sports CityThese apartments stand out for their convenience and attractive price of 280,000 AED (approximately $76,712), and they are already leased for long-term rental, making them an excellent investment option.

New Sobha Verde project

If you are looking for a projectSobha VerdeFrom a renowned developer who will radically change your perceptions of modern housing, take note of the offered apartments with an area of 100 square meters priced at 76,077 euros. This project promises to become one of the most sought-after on the real estate market.

Support for buyers

To promote interest in real estate in the UAE, free consultations, no commissions, assistance with relocation, and help in obtaining residency status are being offered.

Thus, potential buyers can expect full support at all stages of their transaction. The real estate market in the UAE, including major centers like Dubai and Abu Dhabi, continues to attract the attention of both investors and those interested in long-term vacations, contributing to the steady growth of this sector.

The question of acquiring citizenship and obtaining resident status has become particularly important for people considering relocation or investments in the United Arab Emirates. One of the attractive places for living and investment is the Select Group - Jumeirah Living complex, located in the Business Bay business district. This residential complex is nearing completion and offers luxurious conditions for its new residents.

The diversity of the real estate market in Dubai

The real estate market in Dubai offers a wide selection, where you can find apartments of various sizes. For example, compact apartments with an area of just 34 square meters cost €79,423 for a one-bedroom unit. For more information, potential buyers can contact representatives of Habita International Estates Ltd.

• Apartments with an area of 36 square meters cost 80,283 euros.
• Two-bedroom apartments with an area of 39 square meters — 86,104 euros.
• More spacious apartments of 57 square meters are available for 86,241 euros.

Investments in Sharjah

Interest in real estate is not limited to Dubai. Investors are also attracted to apartments in Sharjah, which are located on the shores of the Persian Gulf. This area is renowned for its comfort and high standard of living. For example, one of the apartments measuring 38 square meters is offered at a price of 93,800 euros, and its advantageous location provides a beautiful sea view and proximity to Dubai International Airport.

• Housing for 94,152 euros with a total area of 32 square meters is the perfect choice for young professionals.
• Various layout and area options are available.
• The possibility of a remote transaction with payment in rubles or cryptocurrency.

Additional benefits of purchasing real estate

As of today, it is possible to purchase real estate with a free consultation on all questions related to buying a home. These services are provided without any commission, which is a significant advantage for potential buyers.

Azizi Riviera

Azizi Riviera is a multifunctional residential and commercial project that successfully combines elements of comfort and modern design. Developed by the prestigious construction firm Azizi, this multi-level complex is located next to a pristine lagoon, creating outstanding conditions for both relaxation and everyday life.

Investing in Dubai real estate

Real estate in Dubai attracts investors with its diversity. For example, you can consider the option of purchasing an apartment with an area of 31 m² for just €100,298. For more detailed information about this property, you can always contact a representative of Habita, who will provide the necessary support.

Additionally, there are interesting offers for investors in Sharjah — for example, a 49 m² studio for €100,773. This property is available for online viewing, which greatly simplifies the process of making deals from a distance. Payment options in rubles and cryptocurrency make the purchase much more attractive. Additionally, mortgage financing is available, allowing this property to be used for both living and renting out.

Unusual features:

• Unique views of the Arabian Gulf.
• Well-thought-out infrastructure.
• High level of service, including interest-free installment plans.

Amenities in the Al Hamriya area

In the Al Hamriya area, there is Blue Bay Walk, offering top-notch amenities for residents. The infrastructure includes:

• Round-the-clock security.
• Parking spaces.
• Video intercoms.
• Pools for adults and children.
• Playgrounds.
• Gyms with the necessary equipment.

Purchase of foreignreal estate

If you are considering the possibility of purchasing foreignreal estate, you can find options starting from $40,000. DDA Real Estate offers free consultations and assistance in obtaining residency status. They will also help you choose the most suitable housing and ensure a safe transaction with the developer.

A whole range of exclusive offers and moving organization services are available. Investments can yield an annual return of up to 20%, making them particularly attractive, while financial guarantees create additional trust in the process. Legal support will help make the deal as reliable as possible.

Stages of buying real estate in the UAE

When purchasing real estate in the UAE, it is important to follow a clear sequence of four main stages:

• Signing a preliminary agreement after selecting a property. This document can be drafted in English or Arabic, and notarization is not required.
• Consultation with a lawyer to take into account all the important nuances. The contract may include additional agreed-upon conditions.
• The agreement specifies the address of the purchased property, the total amount of the transaction, the rights and obligations of both parties, as well as the terms of payment for other expenses.
• Checking for the completion date of construction for new buildings and considering compensation from the developer in case of delays.

Thus, the process of buying real estate in the UAE involves many important details that need to be considered in order to successfully complete the transaction.

Agreement for Sale in Sharjah

An important sales agreement was signed on Al-Arouba Street in the city of Sharjah, marking a significant step in the real estate transaction sector. The next stage will be the signing of a memorandum of understanding, known in Dubai as the "F contract." An example of this document can be found and downloaded from the Dubai Land Department's website.

Terms of the agreement

In accordance with the terms of this agreement, the buyer must make a deposit to the seller, which is usually 10% of the total transaction value; however, in some cases, this figure can be higher. The real estate agent keeps a written confirmation of the transfer of funds.

In the event of a successful transaction, the deposit is returned to the buyer. However, if the buyer decides to withdraw from the deal, the deposit remains with the seller; in the case of a withdrawal by the seller, they will have to return the amount in double.

Terms and stages of the deal

The signed agreement remains active for 30 days in cases of purchasing secondary real estate. After that, the parties must contact the developer's office to obtain a No Objection Certificate (NOC), which will confirm that the seller has no debts to the developer. The processing of documents for obtaining the certificate can take up to five working days, and its availability paves the way for the transfer of ownership rights.

Completion of the deal

When the NOC certificate is ready, the next step involves a visit from both the seller and the buyer to the Dubai Land Department to complete the property transfer process. All financial transactions related to the deal are conducted on the day the department issues the payment check. After that, the buyer receives the title deed and becomes the official owner of the property.

It should be noted that the digital version of this document can be verified on the Dubai Land Resources website, where each title has a unique QR code and is available online.

The process of buying new construction properties

If the property being purchased is under construction, the process is simplified: NOC certificates and the F contract are not required in this case. Instead, the buyer signs a preliminary sales agreement, which must be reissued upon completion of the construction. The transaction is registered in a temporary registry.

Time to finalize the deal

In general, the process of buying property in Dubai usually takes about a month.

Necessary documents

To successfully complete the transaction, the buyer should prepare the following documents:

• original passport;
• a visa confirming legal residence in the UAE;
• documents confirming the place of residence in Dubai;
• Power of attorney, if the transaction is conducted by the buyer's representative;
• memorandum of understanding;
• a sales agreement, or a preliminary contract if the property is under construction;
• NOC certificate in the case of secondary real estate.

Remote real estate purchase

It is also worth notingThere is an option for remote property purchases in the UAE, which provides additional convenience for foreign investors.

Issuance of powers for a representative

To make a real estate purchase in the United Arab Emirates, you need to grant your representative the appropriate powers. Typically, this representative is a realtor working at a local agency. This document must be notarized in the country where it is signed.

After that, you will need to go through the legalization process at the UAE consulate, and then confirm it at the Ministry of Foreign Affairs. A translation into Arabic is also required. If you are in the UAE and want to issue a power of attorney here, you will need to have your signature notarized in accordance with the requirements of the Dubai Land Department.

Choosing a realtor in Dubai

Choosing a realtor in Dubai is no less important, as the qualifications of this specialist will determine how effectively your interests are represented during the transaction.

Financial options for foreign buyers

For foreigners planning to invest in real estate in the UAE, there are numerous financial options available, including:

• bank loans;
• installment programs offered by developers.

The key conditions for obtaining a loan usually include an interest rate of around5%Annual. The collateral for the loan can be either the property being purchased or the down payment.

Banks are able to cover from60%to80%the cost of the deal, which primarily depends on the borrower's residence permit. The application submission and review process can take several months, and it is important to provide all the required documents, including:

• Certificate of stable income, the amount of which is determined by the bank.

Many developers offer installment options for a period offrom two to five yearsUpon completion of construction, which has become quite a popular practice in recent years.

Features of the Al-Rim area in Abu Dhabi

Speaking about the Al Reem area in Abu Dhabi, it is worth noting that it is a prestigious location with high-quality real estate. At the same time, it is important to keep in mind the additional costs associated with purchasing. On average, the agency fee is around2%from the cost of the deal, however, various conditions are possible.

In some cases, the fee may be covered by the seller or the developer, while in others, the responsibility for payment falls on the buyer. Often, the fee is split equally between the parties.

One-time fees upon transaction

When conducting a real estate transaction, it is also important to consider one-time fees, such as the property transfer tax. This amount is paid to the Dubai Land Department and amounts to4%from the price of the property, plus a fixed administrative fee of580 dirhamsApproximately160 US dollars).

Usually, this amount is split between the buyer and the seller; however, when purchasing from a developer, it is possible to include this tax in the total cost.

Mortgage fees and certificate of ownership

If you plan to use a mortgage, you will need to pay a registration fee of0.25%from the loan amount. There is also an administrative fee for registering the transfer of rights, which varies from2000to4000 dirhamsfrom545to1100 US dollars), which depends on the price of the purchased property.

And don't forget about the need to pay the fee for obtaining the property rights certificate. After completing all legal procedures, you will need to go to court to obtain this document; its cost is about70 dollarsand the processing time usually takesthree days.

Taking all these details into account will help you minimize risks and make the real estate purchasing process as simple and successful as possible.

Conclusion

In conclusion, it should be emphasized that purchasing real estate in the United Arab Emirates has become not only accessible but also an attractive alternative for foreign investors. I have studied various aspects regarding the rights and obligations of foreign buyers, as well as the characteristics of the market environment, and I have concluded that the Emirates offer unique opportunities for those who wish to both live and invest in this dynamically developing region.

The freehold zone system provides access to full ownership for foreigners, significantly simplifying the process of property ownership. The adoption of new laws, such as the possibility of obtaining...“golden visa”The increase in residency visas for property owners only confirms the growing interest in the UAEreal estate market.

Additional expenses and important aspects

Moreover, I notice that despite the absence of an annual property tax, buyers need to be mindful of additional expenses related to the maintenance of residential complexes. Therefore, choosing a reliable developer and real estate agent plays a crucial role in a successful transaction.

The interest of Russian citizens

For Russian citizens, who are increasingly showing interest in this region, the opportunity to purchase real estate has become not just a simple step, but a strategic decision in the context of modern geopolitical changes. I am confident that with the development of the market and the improvement of the legal framework, buying real estate in the UAE will continue to attract investors from around the world.

Recommendations for buyers

If you are considering buying property in the Emirates, I recommend thoroughly researching the market and consulting with professionals. This will ensure the reliability of your investment and help avoid unexpected issues in the future. I hope my article has helped you better understand this matter and that you find the right path to your dream of having your own place in the UAE.