Buy or sell property in the Emirates with complete confidence
If you’re considering buying property in the United Arab Emirates as a foreigner, you’re in the right place. Cities like Dubai, Abu Dhabi, and Ras Al Khaimah have become highly attractive destinations for real estate investment, thanks to their freehold zones that allow non-residents to purchase properties outright. However, before taking the leap, it’s important to understand the process and legal requirements for buying property in the UAE.
Foreigners can purchase properties in designated freehold areas across various emirates without needing to be residents. This means you can own 100% of the property without the need for a local partner.
Even if you’re not currently living in the UAE, you can still buy property without needing residency or a permanent visa. Authorities in the UAE allow foreigners to invest in freehold zones with full legal security and ownership rights. That said, the process involves following specific steps and meeting certain legal and administrative requirements. Below is a step-by-step guide to help you navigate the process—even from abroad.
Step-by-Step Guide:How to buy property in the UAE as a foreigner
Choose a property in a freehold area.
Look for developments approved by the local real estate authorities in each emirate (e.g., Dubai Land Department, Abu Dhabi Municipality, Ras Al Khaimah Municipality).
Popular areas include:
DUBAI: Dubai Marina, Palm Jumeirah, Downtown Dubai, Business Bay, JVC
ABU DHABI: Al Reem Island, Saadiyat Island, Yas Island
RAS AL KHAIMAH: Al Marjan Island, Mina Al Arab, Julphar Towers
Verify the legality of the developer or seller.
Request their RERA number (or the equivalent from the relevant authority) and check their registration.
Never sign with unlicensed or unverified intermediaries.
Negotiate price and terms.
Ensure the agreement includes clear terms regarding timelines, penalties, and the condition of the property.
Negotiation is common in the UAE.
Sign the MOU and pay the deposit.
The Memorandum of Understanding (MOU) outlines the agreed terms. A deposit of 5%–10% is usually paid at this stage.
What is the MOU?
It’s a preliminary agreement between buyer and seller detailing the terms and conditions of the transaction. It is not legally binding but serves as the foundation for the final contract.
Where is the MOU Signed?
This document is signed by both parties and may need to be registered with the relevant real estate authority depending on the emirate and the property.
Make the Final Payment
This can be done via bank transfer from abroad. If you’re not in the UAE, you can grant power of attorney to a lawyer or licensed agent.
Register the Property
Submit all required documents and pay the applicable fees. The local authority will issue the official Title Deed.
Final Tip
Submit all required documents and pay the applicable fees. The local authority will issue the official Title Deed.
