Buying property in Dubai is everybody’s dream, whether it be an investor who wants good returns on his/her investments or a purchaser who wants a high life in Dubai. At the outset it is really important to do your own research, as noted by experts in this field “Financing a property overseas can be complex, especially when it comes to obtaining the international mortgage you need to make your dreams a reality”  source: Simon Conn.

Like any other part of the world, to buy a property in Dubai, you need to address certain issues and fulfill some requirement. Following is the step by step guidance on those requirements:   

Eligibility Criteria

Any person can purchase a property in Dubai’s freehold areas. These include residents of Dubai and overseas nationality holders.



  • Passports 
  • Form B is required. Form B is a signed agreement from the buyer.

 A company incorporated in UAE:

  • Incorporation certificate (COA)
  • Articles of Association (AOA)
  • Memorandum of Association (MOA)
  • Resolution of Board of Directors
  • Power of Attorney
  • Form B is required. Form B is a signed agreement from the buyer 

A company incorporated Overseas:

  • Documentation is same as in case of a company incorporated in UAE, but the company incorporate overseas is required to get all these documents attested by the Embassy of UAE  
  • Form B is required. Form B is a signed agreement from the buyer  


If the property purchased exceed 1M AED by any buyer, residency visa is issued to such person by the Dubai government. All such residents are bound by immigration rules and regulations are needed to renew their visa every 6 months.


The mortgage market is booming in Dubai, as many Financial Institutions offer mortgage plans to non-resident owners. There are many types of mortgages that are available with these financial institutions, and each type has their own limits.

Taxation and Fees:

No taxes either income or otherwise are levied by the Dubai government. Only 1.5% in terms of registration fees is to be paid by the buyer. Transfer fees are required to be paid to the Developer (property Under Construction) and to Dubai Land Department (Fully Completed projects). If you are buying the property with Mortgage money, an additional 0.25% is levied on the value of loan or mortgage. If the property is fully complete, maintenance fee for services is to be paid to the seller

Need for a bank account:

To make things simple, no requirement to open a bank account by the overseas buyer has been laid by the Government. You can hire a lawyer that can make all the arrangements for money to be transferred to an account dedicated for this purpose and sail you through, smoothly. Even your presence is not required at the time the property is transferred in your name if you empower your lawyer through a power of attorney. 

Note: This is a collaborative post
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