Can Indian Citizens Buy Property In Dubai?
Yes, Indian citizens can buy property in Dubai.
We get asked this question by Indian citizens interested in buying property in Dubai.
In 2006 the government of Dubai promulgated law no.7 on Real Property Registration in the Emirate of Dubai stipulated that non-UAE nationals have the option to claim freehold property, situated in any territory in the Emirate of Dubai per Article 4 of the Property Ownership Law
Foreign, non-resident property investments (including property investments by Indian citizens in Dubai) have been legal in the UAE (which contains seven emirates: Dubai, Abu Dhabi, Sharjah, Al Ain, Fujairah, Ajman, and Ras Al Khaimah) for some time now.
The government of Dubai does restrict the investment by Indian citizens buying property in Dubai to special types of properties called ‘Freehold properties’.
However, Indian citizens cannot buy properties that are labeled as non-freehold properties as those privileges are extended only to UAE nationals.
Most freehold properties in Dubai are built and developed by big-name groups like Emmar, Damac, etc.; These properties are sold to Indian citizens buying Dubai properties through real estate agencies in Dubai that have exclusive contracts with the developer.
Buying Real-estate In Dubai is risky; It often causes a lot of anxiety among Indian citizens looking to invest in properties in Dubai. Luckily the emirate hosts a range of professional real estate agencies with years of experience in Dubai’s properties markets.
Soliciting their services brings down the risk of buying property in a foreign country. They are licensed by the government of Dubai to assist in the sale of properties.