Yes, foreigners can obtain mortgages in Dubai, though eligibility depends on factors like income, residency status, and credit history. Most banks require a minimum income and may finance up to 80% of the property value. We can help you connect with local banks and financing options tailored to expats and foreign investors.
Foreigners are allowed to purchase property in Dubai’s freehold areas, which are designated for foreign ownership. The process involves selecting a property, making an offer, signing a Memorandum of Understanding (MOU), paying a deposit, arranging financing (if needed), and transferring ownership at the Dubai Land Department. We can guide you through each step to ensure a smooth transaction.
Dubai offers a variety of properties to suit different needs and budgets, including apartments, villas, townhouses, penthouses, and commercial spaces. You can also choose from off-plan properties, resale homes, and luxury properties in iconic neighborhoods like Palm Jumeirah, Downtown Dubai, and Dubai Marina.
Dubai does not have property taxes, capital gains tax, or income tax, making it an attractive destination for real estate investment. However, there are transaction fees, including a 4% transfer fee to the Dubai Land Department, as well as some administrative charges during the purchase process.
Renting out your property in Dubai can generate rental income, as demand for rental properties is high. You’ll need to register the tenancy contract through Ejari, the official lease registration system, and may want to consider a property management company if you’re based abroad. We can help you with tenant searches, lease agreements, and property management options.
Dubai offers diverse neighborhoods to suit different lifestyles. Downtown Dubai and Business Bay are popular for professionals, Dubai Marina and JBR are sought-after by waterfront lovers, and Palm Jumeirah and Emirates Hills are famous for luxury living. We can guide you to the neighborhood that best matches your lifestyle and investment goals.
We help you decide what property is best for you.
Understand the taxes and fees involved when buying properties in Dubai
Mortgages and finances in Dubai explained
