How Can I Buy Luxury Property In Dubai?
The cool sea breeze, year-round sunshine, and exquisite skyscrapers make Dubai a dream destination. The city boasts its opulence with the world’s tallest buildings, gorgeous man-made islands, and a huge mall that keeps on giving.
While Dubai’s many indulgences make it a spectacular place to visit, its boosting economy has propelled investors to make it a permanent home. Dubai’s leading real estate is now attracting buyers around the globe, thereby increasing competition for the best real estate in Dubai.
However, buyers are now more interested in luxury development projects that mimic the city’s glorious lifestyle. So, if you’re also attracted to the leading real estate in Dubai, it is the best time to invest. With this guide, you’ll learn all you need to know about buying luxury properties in the lavish city.
Can You Invest in Dubai’s Leading Real Estate as a Foreigner?
As an expatriate in Dubai, it’s not difficult to become mesmerized by the city’s astonishing architecture. Fortunately, the city’s revised regulations have made it possible for expatriates and foreigners to own property in Dubai, with some rules applied.
To do so, you can partner up with a luxury real estate agency in Dubai, and find one of the most lavish real estates in areas designated as freehold. As an expatriate resident (non-nationals living in Dubai) or a foreigner (individuals residing outside of the UAE), you are legally allowed ownership rights over freehold properties without restriction. You can also acquire leasehold rights for up to 99 years.
You can learn more about the freehold areas in Article 3, Regulation III: Determining Areas for Ownership by Non-Nationals of Real Property in the Emirate of Dubai (2006).
How to Buy Luxury Properties in Dubai?
The process of purchasing a property as a foreigner in Dubai is also quite simple. You can simply search “real estate agents near me” and select a leading real estate agency that specializes in assisting foreigners with property investment in Dubai.
With an experienced firm, you can get access to some of the best luxury off-plan projects and developments in the city’s freehold areas. For example, the firm will show you some of the most in-demand real estates in Business Bay Dubai. As Business Bay Dubai real estate is selling fast, you can invest earlier and benefit from great prices early on. A professional real estate company can ensure you get a high return on your investment.
One of the greatest perks of owning luxury real estate in Dubai is that you do not have to pay taxes on your property. Moreover, there are no age restrictions, meaning you can invest in real estate at any age. Once you make the purchase, you will be issued title deeds by the Land Department in the emirate.
Luxury Real Estate Agency in Dubai, UAE
To find the best real estate agency that specializes in luxury properties, you can search “best real estate agent near me” and visit London Realtors. The firm has gained immense experience in listing some of the most exclusive properties and development units in the city. As the company has international branches, it can help both residents and non-residents find some of the most exquisite real estates in the city.
Verde By Sobha at JLT
- Beds: 3
- Baths: 3
- 2194 Sq Ft
- Apartment
- Starting From AED 1,600,000
Buy
Off-Plan
Hot Offer
Featured
Verde By Sobha at JLT
- Beds: 3
- Baths: 3
- 2194 Sq Ft
- Apartment
Palace Residences North by Emaar
- Beds: 3
- Baths: 3
- 1924 Sq Ft
- Apartment, Townhouse
- Starting From AED 1,200,000
Palace Residences North by Emaar
- Beds: 3
- Baths: 3
- 1924 Sq Ft
- Apartment, Townhouse
Elvira by Emaar Properties
- Beds: 3
- Baths: 3
- 2532 Sq Ft
- Apartment, Duplex, Townhouse
- Starting From AED 1,290,000
Elvira by Emaar Properties
- Beds: 3
- Baths: 3
- 2532 Sq Ft
- Apartment, Duplex, Townhouse
Urban Oasis by Missoni by Dar Al Arkan
- Beds: 3
- Baths: 3
- 8198 Sq Ft
- Apartment, Penthouses, Villa
- Starting From AED 2,274,750
Urban Oasis by Missoni by Dar Al Arkan
- Beds: 3
- Baths: 3
- 8198 Sq Ft
- Apartment, Penthouses, Villa
DaVinci Tower by Pagani at Dubai Canal
- Beds: 4
- Baths: 4
- 8198 Sq Ft
- Apartment, Penthouses, Villa
- AED 6,867,970
DaVinci Tower by Pagani at Dubai Canal
- Beds: 4
- Baths: 4
- 8198 Sq Ft
- Apartment, Penthouses, Villa
Emaar Creek Crescent in Dubai Creek Harbour
- Beds: 3
- Baths: 3
- 2166 Sq Ft
- Apartment, Townhouse
- AED 1,285,888
Buy
Off-Plan
Hot Offer
Featured
Emaar Creek Crescent in Dubai Creek Harbour
- Beds: 3
- Baths: 3
- 2166 Sq Ft
- Apartment, Townhouse
Emaar The Cove 2 at Dubai Creek Harbour
- Beds: 4
- Baths: 4
- 4950 Sq Ft
- Apartment, Duplex, Penthouses, Townhouse
- AED 1,300,000
Buy
Off-Plan
Hot Offer
Featured
Emaar The Cove 2 at Dubai Creek Harbour
- Beds: 4
- Baths: 4
- 4950 Sq Ft
- Apartment, Duplex, Penthouses, Townhouse
Jewelz by Danube Properties in Arjan, Dubai
- Beds: 2
- Baths: 2
- 1116 Sq Ft
- Apartment
- AED 468,000
Jewelz by Danube Properties in Arjan, Dubai
- Beds: 2
- Baths: 2
- 1116 Sq Ft
- Apartment
SKYZ Residences by Danube Properties at Arjan Dubai
- Beds: 2
- Baths: 2
- 995 Sq Ft
- Apartment
- AED 450,000
SKYZ Residences by Danube Properties at Arjan Dubai
- Beds: 2
- Baths: 2
- 995 Sq Ft
- Apartment