For many years, expatriates were not even allowed to buy property in the UAE under their personal names. The first emirate to initiate such a move was Dubai. Soon after, the other emirates in addition to Ajman, Sharjah, and Ras Al Khaimah also followed suite. This policy of not allowing foreigners to own property there soon generated a major problem for the residents of these cities as they had to rely on local real estate companies to look for a buyer for their property.
Many foreign investors bought freehold property or villas for sale in Dubai as they were offered at extremely low prices. Some investors bought multiple properties in Dubai to make a tidy profit. But with the freehold policy, foreigners are only permitted to own land by right of descent from a UAE national. It means that foreigners cannot become property owners in Dubai by purchasing plots or freehold property that belong to residents of the emirate. They cannot buy property even if they are relatives by blood or marriage.
Many foreigners buy plots of land and then sell them in Dubai for a high price. This is done to generate rental income. But since these plots of land are not owned by the resident foreigners in Abu Dhabi (UAE), they cannot sell it to expatriates living in the emirate. Or they cannot use it as a holiday home either. The plots of land are not available to them and hence they have to look for accommodation outside the emirate.
So where do they look for a good property search? The first step is to get in touch with some experienced real estate agents who deal in properties for expatriates and are based in Dubai and the other seven emirates. They can tell you about the different types of properties available in Dubai and also about how much you should pay for each type of property. If you decide to go through a local agent, you can still find out information on property searches and prices and which agents offer what services.
Another option for property search in Abu Dhabi (UAE) and Dubai (DD) is to look online. There are many websites that specialize in providing property related information to foreigners working in Dubai and UAE. These websites provide important information like property-search tips and UAE laws pertaining to foreigners working in Dubai and their employers. You can also find port de la mer apartments Dubai & more valuable information on obtaining Dubai citizenship.
Property search in Dubai and other UAE nations can also be done through advertisements in newspapers and magazines. Most expats prefer to use this channel to buy property because they are offered a lower price than those available through local agents. But you have to make sure that you approach a bona fide broker before purchasing any property or freehold property in Dubai or the other seven emirates. A broker must have the necessary experience in real estate transactions in Dubai or the other seven nations to help you achieve your goal of owning a freehold property in Dubai or the other seven nations. Brokers can be found via a UAE freehold listing service or through the classifieds.
An expatriate owner looking for freehold properties in Dubai or the other seven nations can use the Dubai freehold articles to help them. This is one of the most popular articles in all the Dubai newspapers and magazines. One can also go through the Dubai government’s website and read about the different real estate developments and the current trends and developments in real estate. This will also help you in understanding the laws and guidelines pertaining to real estate and property ownership in Dubai and the other seven national destinations in UAE.
A great option for expatriates buying a freehold property in Dubai is to look at the Dubai Maisli Real Estate Project. This is one of the major developments being planned in Dubai by the Dubai government. The project aims at connecting all the important real estate areas in Dubai via the Dubai Creek, which forms a body of water in Dubai. The creek is being planned and built in such a manner that will enable easy movement of water between all the areas. When connected, the residents of Dubai will enjoy a more stable and consistent supply of water for domestic use as well as industrial usage.