Buying property in United Arab Emirates is straightforward,but only if you understand the process.
Who Can Buy?
Foreigners can buy in freehold areas in Dubai with full ownership rights.
Steps:
- Choose location & budget
- Select developer or resale property
- Sign MOU (Memorandum of Understanding)
- Pay deposit (usually 10%)
- Transfer ownership
Costs Involved:
- 4% Dubai Land Department fee
- Agent commission (2%)
- Registration charges
Bottom line: Dubai is beginner-friendly, but paperwork accuracy matters.