buy properties in dubai

By purchasing property worth AED 750,000 in Dubai, you can obtain a 2-year residency visa, and with property purchases worth up to AED 2 million, you can secure a 10-year residency in this thriving country!

Buying property in Dubai not only provides an opportunity to acquire residency in this modern and booming city, but it can also serve as a lucrative investment with income in dollars. Dubai, with its high level of security, advanced infrastructure, flourishing economy, and low inflation, is considered an excellent destination for real estate investment. These features make property investment in Dubai a smart choice for those seeking a secure and sustainable financial growth opportunity. Especially when off-plan property purchases with installment payment options are available, this path not only leads to property ownership but also offers income opportunities through renting. If you are looking for a secure and profitable investment in one of the world's best real estate markets, Dubai is the opportunity you shouldn’t miss.

Obtaining Dubai Residency through Property Purchase
To obtain a 2-year residency visa, you must purchase a property valued at AED 750,000. However, if your budget is lower, don't worry. In Dubai, you can find houses starting from AED 400,000 to 500,000. However, keep in mind that if the property price is less than AED 750,000, you will not be eligible for the 2-year or 10-year residency visas.
Interestingly, you even have the option to pay installments after the property is delivered, allowing easy entry into Dubai’s real estate market while benefiting from flexible payment plans.

If your property purchase exceeds AED 2 million, you and your family will be eligible to obtain a work permit. It is important to note, however, that property owners with a 2-year residency visa cannot work themselves, but their family members are allowed to work in Dubai.
Developers offer a variety of ready, under-construction, and resale projects to make property buying in Dubai even easier. These conditions provide not only the opportunity to capitalize on the real estate market but also facilitate an easier transition for living or starting a business in this modern city.
Stay with us to learn more about the detailed rules, regulations, and steps involved in purchasing property in Dubai!

For consultation, message the expert team at Kotook via WhatsApp at +971549110818.

Types of Properties for Sale in Dubai
Buying and selling properties are more advantageous in areas such as Jumeirah Park, Al Furjan, Jebel Ali, and Dubai Village, as better property options are available in these neighborhoods.
If you plan to reside in Dubai, you should focus on purchasing residential properties, each with unique features:

• Apartments: Dubai, known for its booming construction of high-rise towers and skyscrapers and reputable developers like Emaar and DAMAC, offers a wide variety of high-quality, affordable apartments.
• Villas: If you're seeking larger and more open spaces, villas located near the beach in Dubai are ideal, available in various styles and sizes (ranging from 3-bedroom to over 7-bedroom villas).
• Penthouses: Perfect for those looking for absolute tranquility and a retreat from city noise. Penthouses offer larger open spaces compared to regular apartments.
• Townhouses: These are row houses located typically in suburban areas, each with separate entrances and yards, providing privacy while being part of a community.

Property Purchase Regulations in Dubai

• Properties can be apartments, villas, etc.
• Purchases must occur in designated freehold areas where foreigners can own property.
• Properties are available as completed or off-plan sales.
• Title deeds must be issued by Dubai Land Department (DLD).
• Residency depends on the value of ownership: AED 750,000 for a 2-year visa, AED 2 million for a 10-year visa.
• It’s better to buy freehold (full ownership) properties rather than leasehold ones.
• Property purchase does not lead to permanent residency or citizenship.
• These rules apply equally to all nationalities.
• To qualify for residency, property value must be at least AED 750,000.

Types of Property Ownership in Dubai

• Leasehold Ownership: Ownership is limited to 99 years, similar to a long-term lease. The original landowner remains the ultimate owner.
• Freehold Ownership: Full ownership rights are transferred to foreign buyers, including the right to sell, lease, and bequeath the property.
• GCC Ownership: Reserved exclusively for UAE and GCC citizens; foreigners are not eligible.

Rules for Off-plan Property Purchase

• Transparent Contracts: Clear mention of all project details and payment terms approved by RERA.
• Escrow Accounts: Buyer payments are safeguarded in an escrow account until project completion.
• Stage-wise Payments: Payments are made according to construction progress.
• Quality Assurance: Developers must meet RERA construction standards.

Steps for Off-plan Property Purchase

• Choose your desired property type and location.
• Consult with Kotook experts.
• Research the market and developer background.
• Ensure secure financing and escrow account verification.
• Consider flexible financing options.
• Select and reserve the project, considering your investment goals.
• Make a down payment (5–10%).
• Sign the Sale and Purchase Agreement (SPA).
• Receive preliminary ownership documents.
• Monitor construction progress.
• Final property inspection and handover.
• Register the property and pay the 4% registration fee to DLD.
• Receive the final Title Deed.

Documents Required for Property Purchase
For property purchase and investment:

• Passport copy
• Phone number
• Email address
• Current residential address

For obtaining residency through property:

• Property registration documents
• Medical certificate
• Original and copy of passport
• Three passport-sized photographs
• Property valuation letter (optional)
• Signed agreement between buyer and seller

Property Prices in Dubai

• Affordable Properties: Studios and apartments range between AED 400,000 to 800,000.
• Mid-range Properties: Prices start at AED 700,000 and can reach AED 1.5 million or more.
• Luxury Properties: In areas like Jumeirah, Downtown, Palm Jumeirah, and Sheikh Zayed Road, prices start from AED 2 million upwards.

Factors Affecting Property Prices

• Location
• Property type (villa, apartment, etc.)
• Size
• Number of rooms
• Amenities
• Developer reputation

Dubai vs. Other Countries for Property Purchase
(Comparison table available separately.)

Best Areas in Dubai for Property Investment

• Downtown Dubai
• Business Bay
• Dubai Marina
• Jumeirah
• JVC (Jumeirah Village Circle)
• Creek Harbour
• Dubai Hills

Top Developers in Dubai

• Emaar
• Meraas
• Nakheel
• Sobha
• DAMAC

Advantages of Buying Property in Dubai

• Secure investment environment
• High quality of life and security
• No value-added tax (VAT) for investors
• Property prices are continuously rising
• Rental income potential
• Annual rent often paid upfront
• Opportunity to obtain Dubai residency for family
• Luxurious lifestyle and amenities
• Wide range of property options
• Stunning sea and city views from many properties

Important Note
Immigration and property investment matters require experience and professional advice. To avoid scams and ensure a smooth process, it’s best to consult with reputable real estate firms like Kotook Group, who have years of experience helping investors find the best opportunities in Dubai.

Frequently Asked Questions (FAQ)

• What are the prices of houses in Dubai in Toman?
  Due to currency fluctuations, please contact Kotook’s real estate advisors for the latest prices in Toman.
• Which websites should I check to buy property in Dubai?
  One of the best websites is Kotook’s official website.
• What is the price of the cheapest property in Dubai?
  The cheapest properties start from AED 400,000.
• Is buying property in Dubai better than in Turkey?
  According to statistics, Dubai offers greater economic growth potential, easier purchasing processes, and more diverse opportunities compared to Turkey.
• What is the average price of houses in Dubai in USD?
  Depending on factors like location, property type, and amenities, house prices in Dubai range from approximately $200,000 to $20 million.