How to buy properties in Dubai for investment
Dubai has become one of the world's most talked-about property markets, attracting investors from around the globe. But buying an investment property in Dubai isn't simply about finding a nice apartment and hoping the price goes up. You need to understand where foreigners can buy, the costs involved, how to check a property and—most importantly—whether the numbers actually make sense. Here's a simple step-by-step guide. 1. Understand Where Foreigners Can Buy Foreign buyers can own property in designated freehold areas of Dubai. The UAE Government confirms that both non-residents and expatriate residents can acquire freehold property in these designated areas. Before making an offer, confirm that the specific property is eligible for foreign ownership. Dubai Land Department's property-status service identifies whether a property is classified as freehold or non-freehold. 2. Decide What Type of Investment You Want Before looking at properties, decide what you're try...