How to Buy a Property in Dubai even if you are not a UAE resident?
Blog Description
Making a property investment in Dubai is one of the many dreams come true for people. The flexible regulations of the country have provided ease of living so foreign investors or non-UAE residents consider living in Dubai. In recent times, we have seen the growth of the property market in Dubai has excelled at a higher pace, contributing to the country's speedy recovery after the global pandemic drowned it.
Investing or Buying a property in Dubai is one of the impeccable investments that one could do in their life as the returns would be higher than anticipated compared to the major cities in the world. Signature Habitat has exclusive real estate in the best locations in Dubai regardless of your residency in Dubai they get you the best-in-industry prices and space that can generate higher returns in the coming times.
In the UAE you can easily acquire a property in Dubai without a residence visa. Firstly you can start by applying for a property investor visa that is issued by the Dubai Land Department along with a two-year renewable visa. This visa allows you to become a UAE resident i.e. the person can obtain an Emirates ID, and driving license, also you have the leverage to sponsor the family as well. This provides the platform to buy the residential property worth at least Dh1 million.
When applying for this VISA, the property has to be completed and be habitable to live and the costs involved should be approximate ranges between Dh13,000-Dh15,000 incorporating administration fees, police clearance, application form, typing, DED License issuance, medical test fees, stamping, Emirates ID and entry permit.
There are myriad documents required for an application including title deed, passport copy, bank statements, good conduct certificate, six photos, and utility bill to proceed for the residence visa from DED.
If you are at an age of 55 years or older you can easily opt for the retiree visa. This visa has a validity of five years that can be easily renewed where the applicant falls under different criteria
The benefit of investing in Dubai properties is a residential visa for foreigners and their dependents who invest at least AED 1 million in the completed freehold property with the valid title deed. The process of buying property is quite straightforward without any visa requirement Signature Habitat finds you the right kind of property and completes the necessary formalities.
Property investment in Dubai is one of the best investments due to the higher returns on investment. The buyer is required to complete the process in the specified time or as directed by the team of experts as it increases the chances of getting the space you like without any hassle in the UAE.