Foreign nationals are granted the privilege of property ownership in designated freehold zones across Dubai. This extends the opportunity for expatriates and international buyers, not residing in the UAE, to secure absolute ownership rights, free from leasehold or usufruct obligations, with the option to retain these rights for an impressive duration of up to 99 years.

Investing in property in Dubai or the UAE can offer several key benefits:

• Stable and Growing Economy: Dubai and the UAE have consistently shown economic stability and growth. The government’s efforts to diversify the economy have led to various industries flourishing, attracting businesses and expatriates. A stable economy often correlates with a strong property market.
• Tax Advantages: Dubai and many parts of the UAE offer tax-friendly environments. There is no personal income tax, and no capital gains tax on property sales, making it an attractive option for investors seeking to maximize returns.
• High Rental Yields: The rental market in Dubai can be quite lucrative, with high rental yields compared to many other global cities. This is particularly appealing for buy-to-let investors.

Real estate investors in the UAE have a fantastic opportunity. If you own a property valued at AED 750,000 or more at the time of purchase, you can apply for a renewable two-year residence permit. Notably, you can sponsor your spouse and children under this permit. 

But the rewards get even more substantial for investors in higher-value properties. If you’ve invested in a property with a purchase value of AED 2 million or more, you’re eligible to apply for a renewable 10-year residence permit. This extended permit not only covers your spouse and children but also includes the ability to sponsor your parents. 

Dubai and the UAE in general have a tax-friendly environment for property ownership. However, tax regulations can change, and it’s essential to stay updated with the latest developments. 

Here are some key points regarding taxes associated with owning property in Dubai and the UAE:

• No Income Tax: One of the notable advantages is that there is no personal income tax on rental income or capital gains from property sales for individual property owners.
• No Wealth Tax: The UAE does not levy wealth taxes on properties, which means you are not taxed on the value of your real estate holdings.
• Value Added Tax (VAT): VAT is applicable to certain goods and services in the UAE, but residential property transactions (both sales and rentals) are generally exempt from VAT. However, commercial property rentals may be subject to VAT.