Which Investment Delivers Better Value in 2025?
Thinking of owning a home in the heart of Dubai? You’re not alone. Whether it’s for investment, relocation, or a luxurious lifestyle upgrade, Dubai’s real estate market is one of the most attractive in the world — and yes, foreigners can absolutely buy property here.
Step 1: Know Where You Can Buy
As a foreigner, you can purchase freehold properties in designated areas. These include:
Dubai Marina
Downtown Dubai
Palm Jumeirah
Jumeirah Village Circle (JVC)
Business Bay
These areas allow 100% ownership and the right to sell, lease, or live in the property.
Tip: Freehold = full ownership. Leasehold = limited ownership (usually 10–99 years).
Step 2: Set a Realistic Budget
Apartments in Dubai can range from AED 500,000 to AED 5 million+, depending on location and size. Ask yourself:
Are you paying cash or need mortgage financing?
Do you have extra funds for:
Dubai Land Department (DLD) fees (4%)
Agency fees (~2%)
Property registration and maintenance charges?
Pro tip: Always factor in 7–8% extra costs beyond the purchase price.
Step 3: Work with a RERA-Certified Agent
This is crucial. Find a registered real estate agent (RERA-approved) who knows the local market, legal process, and can show you verified listings.
A good agent will help with:
Area comparisons
Site visits
Price negotiations
Paperwork handling
Step 4: Reserve the Property
Once you choose your apartment:
Sign a Memorandum of Understanding (MoU)
Pay a 10% deposit to reserve the property
Agree on transfer timelines
Always ensure both you and the seller agree to the terms in writing.
Step 5: Secure Financing (If Needed)
Once you choose your apartment:
Sign a Memorandum of Understanding (MoU)
Pay a 10% deposit to reserve the property
Agree on transfer timelines
Always ensure both you and the seller agree to the terms in writing.
Step 6: Finalize the Sale at DLD
Once the payment is ready:
Go to the Dubai Land Department (DLD) office or an authorized trustee center
Pay transfer fees and registration costs
The property title deed is issued in your name
🎉 You’re now a homeowner in Dubai!
FAQs
Q: Can I get a residence visa if I buy property?
Yes! If your property is worth over AED 750,000, you may qualify for a renewable residency visa linked to your ownership.
Q: Do I need to be in Dubai to buy?
No. You can buy remotely through Power of Attorney and verified transactions.
Final Thoughts
Buying an apartment in Dubai as a foreigner is surprisingly straightforward — as long as you have the right guidance. From stunning waterfront views to world-class amenities, Dubai offers homes that are not just properties, but lifestyle experiences.
Need help navigating the process? At Five Luxury Properties, we help international buyers make safe, smart real estate decisions.
📞 Let’s talk about your future home in Dubai. Contact us today.
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Mushtaq Ahmad is the MD of Five Luxury Properties, a trusted name in Dubai’s high-end real estate market. He specializes in luxury homes and smart investments for global buyers.
One Response
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