Buying a property in Dubai

Buying a property in Dubai is an attractive investment, but without the right guidance it can also be a challenge. This detailed guide is designed to provide you, especially as an investor from the DACH countries, with the crucial information you need for a successful real estate purchase.

Eligible buyers

• Private individuals: In principle, all natural persons, regardless of their nationality, can acquire real estate in Dubai. This offers a wide range of opportunities, particularly for private investors from the DACH countries.
• Legal entities: Legal entities based in the U.A.E. or certain free zones can also acquire real estate. However, this is generally not possible for foreign companies. These restrictions should be carefully checked before a possible purchase.

Purchase opportunities by area

• Freehold areas: Dubai has designated certain areas as freehold areas. Foreign investors can also purchase real estate here. Popular freehold areas include Dubai Marina, The Palm Jumeirah, Arabian Ranches and Downtown.
• Restrictions: It is important to note that real estate acquisition is not possible for foreigners in certain areas of Dubai. These restrictions are of great importance when choosing the right property.

Acquired rights

• Freehold right: A freehold right gives you comprehensive ownership rights to the property, including the land. You can sell, encumber or bequeath the property without any time limit.
• Long-term leasehold right: In contrast to this is the long-term leasehold right, which is limited in time for up to 99 years. In this case, you are not the full owner of the property, but only of the building or apartment on it.

Purchase decision and documentation

• Market analysis: It is essential to carry out a thorough market analysis before buying. Property prices in Dubai can vary greatly depending on location and amenities.
• Contract documents: You should also check the contract documents carefully. In contrast to the marketing materials, only the provisions in the purchase contract are legally binding. Also pay attention to the contract clauses that define the rights and obligations of both parties.

The purchase process

Purchase on the primary market:

• Reservation form & deposit: First, a reservation form must be completed and a deposit paid.
• Purchase contract: You will then be presented with the purchase contract for signature.
• Further steps: The next steps differ depending on the construction phase of the property. In the case of an “off-plan” purchase, for example, entry in the Interim Property Register at the DLD is required.

Purchase on the secondary market:

• Selection of a Trustee Office: this office is responsible for handling the purchase.
• Standard Form F: This form must be completed and signed.
• Transfer of ownership: Once all documents have been checked, the transfer of ownership takes place at the Trustee Office.

Conclusion

Buying real estate in Dubai for investors from DACH countries is transparent and hassle-free. Dubai Invest – Real Estate, together with our independent, local and established partner in Dubai, supports you competently throughout the entire purchase process.