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Yes, in designated freehold areas in Dubai, property can be owned by any nationality on a freehold basis, and it allows inheritance for a beneficiary.
UAE Golden Visa via Property Investment:
The legal obstacles in shifting to Dubai are always different according to your nationality and reason for the transfer. Nonetheless, in a broad sense, these are some of the usual legal requirements:
Visa: In order to get into Dubai, a visa has to be obtained. The amount of stay and its purpose will determine the category of visa needed. Tourist visas are only good for 30 days and can be prolonged for another 30 days. A residency visa would be required if prolonged stay or work purpose is the reason for coming.
Passport: A valid passport with at least six months of validity left is necessary.
Health Insurance: Health insurance is compulsory in Dubai. You are to obtain health insurance coverage before you move to Dubai.
Work Permit: If you are going to work in Dubai, then you need a work permit or residency visa that allows you to work. Usually, your employer will take care of this.
Criminal Record: It may be necessary for you to submit a police clearance certificate or undergo a criminal record check from your home country.
Financial Requirements: Proof of enough money to support yourself and your family in Dubai may be required.
It is advisable to check the specific requirements for your case with the UAE embassy or consulate in your country.
No, you don’t need a residency visa to buy property in Dubai; you can purchase in designated freehold areas with just your passport, but owning a property over a certain value (e.g., AED 750,000+) makes you eligible for an investor residency visa, offering longer stays and family sponsorship, with Golden Visas available for higher investments.
Dubai’s real estate investment scene is seen as secure and friendly to investors, mainly because there is proper government regulation. Every transaction made on properties is observed by the Dubai Land Department, and the developers and agents are controlled by the Real Estate Regulatory Agency. The buyer’s payments for off-plan projects are insured through mandatory escrow accounts, which ensure that the funds are being used for the construction that is taking place.
Situated in a city with very high rental demand, a tax-free structure (no income tax or capital gains tax), and a stable economy, the market is very attractive for both short- and long-term investors. Foreigners’ property ownership rights are legally protected in the specific freehold areas.
The risks are, however, mainly constituted by market cycles, oversupply in selected areas, developer delays, and continuous service charges. These risks will occur to a lesser extent if one invests in well-established areas, picks the right developer, and checks all project approvals.
To sum up: Dubai gives a very strong investment security, particularly when proper due diligence and professional guidance are followed.
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