Can foreigners own real estate in Dubai?
In the United Arab Emirates, the right to property is governed by the land law of each Emirate. Each emirate has its own land law which governs aspects of real estate ownership, such as buying, selling and owning real estate.
It is important to note that, in most of the Emirates, only Emirati citizens have the right to own land as beneficial owners. Foreigners cannot buy land as beneficial owners, but they can buy properties through a real estate company or a local law company.
There are however exceptions to this rule in some Emirates, such as Dubai and Abu Dhabi, where foreigners can purchase properties in their own name in certain specific areas. It is recommended that you find out about the real estate ownership laws and regulations in the Emirate where you wish to buy a property and seek advice from a specialist real estate agency or an experienced solicitor to help you navigate the process. purchase.
Thus, if you are a foreigner, you will not have the right to own real estate in Dubai as the beneficial owner. You will therefore have to buy the property through a real estate company or a local law company.
However, there are exceptions to this rule in some areas of Dubai, such as Dubai International Financial Center (DIFC) and Jebel Ali Free Zone. In these areas, foreigners can buy properties in their own name under certain conditions.
The Nextcap firm, as well as partner real estate companies, can support you during the process of buying, selling or renting a property.
Akram Cheik, Lawyer
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