5 things about Dubai’s real estate laws every investor should know

 


Dubai’s real estate market has gone through a significant transformation from when it first announced in 2002 that it would offer property ownership to foreigners in designated freehold areas. At that time, there were virtually no specialised laws and regulations in place to support this burgeoning market​. 

Fast forward to the present day, and Dubai’s real estate market has seen a major shift. The city has enacted several comprehensive real estate laws and regulations aimed at increasing transparency, protecting investor rights, and providing a safe and stable environment for foreign investment. These legislative initiatives have not only significantly boosted investor confidence, but also positioned Dubai as a top destination for global real estate investors.

For prospective investors, it is essential to familiarise themselves with Dubai’s real estate laws to ensure a secure and profitable investment. Here are five crucial aspects of Dubai’s real estate regulations that you should know.

Foreign Ownership of Property in Dubai

The year 2002 marked a significant shift in Dubai’s real estate landscape. The government enacted laws allowing foreign investors to own freehold property in designated areas. Unlike leasehold ownership where the property reverts to the local owner after a specified period of usually 99 years, freehold ownership gives investors lifetime ownership rights, including the right to sell, bequeath, or lease the property.  Read more


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