Buying property in the United Arab Emirates (UAE) is a process open to foreigners, and the authorities strongly encourage international investment in the real estate market. The UAE offers numerous benefits, both for investors and those looking to purchase a vacation home or relocate.  

In this blog, we will explore all the steps you need to take to become the owner of an apartment or villa in the UAE, and how to make the most of the opportunities this market offers.  If you're looking to find your ideal luxury home or invest in real estate in the UAE, contact the experts at Nobilis Luxuria.   

Visit us at  Nobilis Luxuria   or reach out to us via email at [email protected].  

How Can a Foreigner Buy Property in the UAE?  

One of the main reasons why the UAE is an attractive destination for property purchases is the legal framework that allows foreigners to own property in specific zones known as "freehold" areas. According to Law No. 7 of 2006, foreign nationals are guaranteed the same property ownership rights as local citizens in these zones.  

Looking for professional help navigating the UAE real estate market?  

The Nobilis Luxuria team is here to assist you. Contact us at [email protected] or visit  our website .  

Dubai stands out with over 60 "freehold" areas, and the list continues to grow. This means that foreigners can legally own apartments, villas, and commercial properties without the need for complex legal structures like leasing. Additionally, property owners with real estate valued at over AED 750,000 (around $204,000) can apply for a two-year residence visa, while those owning properties worth AED 2 million (around $544,500) are eligible for a five-year golden visa.    

The Process of Buying Property in the UAE  

The property purchase process in the UAE is transparent and well-regulated.   

Here are the main steps:  

1. Choosing the Property  

The first step is to choose the ideal property. It is recommended to work with a licensed real estate agent who can help you understand the market, present the advantages of different locations, and ensure legal compliance of documents.  

Planning to invest in real estate in the UAE but unsure where to start? Leave that task to us at Nobilis Luxuria.   

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2. Signing the Reservation Agreement  

Once you find the right property, the next step is to sign the reservation agreement. At this stage, a deposit of 5% to 30% is usually paid for new properties, or 10% for the secondary market.  

3. Signing the Sale and Purchase Agreement (SPA)  

After the reservation, the Sale and Purchase Agreement (SPA) is signed. The buyer then decides whether to pay the full amount upfront or through a mortgage. At this stage, registration and administrative fees are also calculated.  

4. Registration at the Land Department  

After signing the agreement, the property is registered with the Dubai Land Department (DLD). The buyer pays a fee of 4% of the property's value, which is the standard fee for all buyers, regardless of nationality.  

5. Obtaining the Ownership Certificate  

Upon completion of the process, the buyer receives the OQOOD, an official document confirming ownership. This document can be issued for off-plan properties or completed units.  

Need expert support in finding luxury properties in the UAE?   

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The Possibility of Buying Remotely  

Buying property remotely in the UAE has become very simple thanks to digitalization. Investors often take advantage of this option, especially if they are unable to be physically present during the process. In such cases, a real estate agent can act on behalf of the buyer with a notarized power of attorney. All that is needed is a copy of the passport, contact details, and the residential address.  

Property Taxes in the UAE for Foreigners  

One of the biggest advantages of buying property in the UAE is the absence of property taxes. After purchasing, property owners are not required to pay an annual property tax, which is common in many European countries. Additionally, rental income is not taxed, providing further financial flexibility for investors.  

However, there are certain administrative costs:  

• Registration Fee : 4% of the property price, paid upon registration with the Dubai Land Department (DLD).
• VAT (Value Added Tax) : 5% on certain services.
• Brokerage Fees : Usually 2% of the total transaction value, paid by the buyer.  

Looking to securely and easily achieve property ownership in the UAE?   

Nobilis Luxuria offers support from start to finish. Contact us at [email protected] or visit  our website .