Why Invest In Dubai?
Blog Why invest in Dubai? Last Updated: 15th April 2022 Why Invest...
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.
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.
Indian citizens can buy three different types of freehold properties in Dubai :
yes, it is legal according to Indian Law for Indian citizens to buy property in Dubai. According to the Foreign Exchange Management Act of 1999, it is legal for residents and non-residents to buy property in Dubai.
There are some restrictions on resident Indian citizens buying property in Dubai as they will need to declare their purchase with the income tax department of the Indian government.
An easy workaround to this problem is to solicit the services of an experienced real estate agency that will handle all the paperwork related to buying property in Dubai as an Indian citizen.
Yes, Indian Citizens Buying property in Dubai and Indian Expatriates Buying Property In Dubai are eligible to get a mortgage.
There are a few criteria to be met by Indian citizens trying to buy property in Dubai to procure a mortgage.
The Criteria are as follows:
So in conclusion Indian citizens can indeed purchase properties in Dubai. Property sales are time-consuming and expensive. We advise that any Indian citizen looking to buy a property in Dubai should enlist the services of a real estate agency.
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Blog Why invest in Dubai? Last Updated: 15th April 2022 Why Invest...
Blog Can Indian Citizens Buy Property In Dubai? Last Updated: 15th April...
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