Question 1

Can foreigners buy property in Dubai?

Accepted Answer

Yes, foreigners can buy property in designated freehold areas in Dubai. These include popular locations such as Dubai Marina, Downtown Dubai, Palm Jumeirah, and many more.

Question 2

What documents are required?

Accepted Answer

You typically need a valid passport, a resident visa (if applicable), and an Emirates ID. For off-plan properties, a reservation form and SPA (Sales and Purchase Agreement) will be provided by the developer.

Question 3

Can I get a mortgage?

Accepted Answer

Yes, both residents and non-residents can apply for mortgages in Dubai. Non-residents usually require a higher down payment (often 50%), while residents can get up to 80% LTV for properties under AED 5 million.

Question 4

What additional costs should I expect?

Accepted Answer

Expect to pay a 4% DLD (Dubai Land Department) transfer fee, 2% agency fee, plus administrative fees for title deed registration and mortgage processing if applicable.

Question 5

How long does the buying process take?

Accepted Answer

Cash transactions can be completed within a few days to a week. Mortgage transactions typically take between 3 to 6 weeks, depending on the bank's processing times.

Question 6

Am I eligible for a UAE Golden Visa if I invest in property?

Accepted Answer

Property investors may be eligible for a UAE Golden Visa based on the current government regulations and investment criteria. Eligibility is determined solely by the relevant UAE authorities. A2Z Properties can help you explore suitable investment opportunities and guide you through the process.

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