Sobha Elwood

Foreign nationals can own property in Dubai within designated freehold zones. This allows expatriates and international buyers to obtain full ownership rights without leasehold or usufruct conditions. Property ownership can be secured for up to 99 years, offering substantial long-term investment opportunities.

Yes, property ownership in Dubai or the UAE can lead to a residence visa. If you purchase property valued at AED 750,000 or more, you can apply for a renewable two-year residence permit, which also allows you to sponsor your spouse and children. For properties valued at AED 2 million or more, you’re eligible for a renewable 10-year residence permit, extending sponsorship to your spouse, children, and even your parents.

Dubai and the UAE offer a tax-friendly environment for property owners. Here are key points about property-related taxes:

• No Income Tax: There is no personal income tax on rental income or capital gains from property sales for individual owners.
• No Wealth Tax: The UAE does not impose wealth taxes on property values, so you won’t be taxed based on the value of your real estate holdings.
• Value Added Tax (VAT): VAT applies to certain goods and services, but residential property transactions are generally VAT-exempt. However, VAT may apply to commercial property rentals.