Expatriates Buying a Property in UAE
In Dubai, foreign ownership is permitted in areas designated as freehold.
Foreigners (who don’t live in the UAE) and expatriate residents may acquire freehold ownership rights over property without restriction, usufruct rights, or leasehold rights for up to 99 years.
Article 3 of Regulation No. 3 of 2006 Determining Areas for Ownership by Non-Nationals of Real Property in the Emirate of Dubai indicates the land plots designated as freehold properties. The title deeds are issued by the Land Department in the emirate & there is no age limit to own property in Dubai.
The UAE is widely known for its expat-friendly taxation system. However, while the country doesn’t levy tax on purchased property, expatriates must consider legal liabilities that apply to their home countries.
International Investors are drawn to the market due to the strong return on investment and overall market performance.
Expats often choose to invest in Dubai for a variety of reasons and the city has become a popular destination for below key reasons
There is no income tax or corporate tax related to property investments, making it an appealing destination for international investors.
The Dubai Golden Visa is a special 10 residency program offered by the UAE government, including Dubai, to attract foreign investors, entrepreneurs, and talented individuals.
Dubai is known for its political stability, low crime rate, and well-developed legal framework, proving a secure environment for property investments.
Dubai serves as a major business and transportation hub, connecting Europe, Asia, and Africa.
The city's modern amenities,healthcare facilities, education options, and recreational activities can make it an attractive location for property investment.
Dubai, and the UAE, do not levy capital gains tax on the sale of personal assets such as real estate or stocks.
Many expatriates and fount flock the city throughout the ear which makes Dubai a very strong rental market.
Dubai has historically offered attractive capital yields for investors.
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