Property purchase rules in the emirates

Property purchase rules in the emirates

Buying a property is one of the best and easiest ways for people who intend to immigrate to the UAE. Carrying out real estate transactions and owning houses and properties in the UAE not only provides the prerequisites for obtaining residence in this country, but can also become a profitable investment.

The UAE is very interested in the countries of the Middle East and the world due to the remarkable progress it has made in recent decades. For this reason, it has an unprecedented economic growth. Investing can be a lever to achieve long-term goals. In order to legally buy real estate in this country, it is necessary to know the regulations of the UAE in this regard. The laws of this country for obtaining a residence permit are constantly changing, and knowing them requires detailed studies.

Important things in buying a property in the UAE

Buying a property is one of the best decisions for business and residence in the UAE. Knowing the hierarchy of buying real estate in this country can arrange a proper arrangement in your plans to achieve this goal.

Tips for buying property in the UAE

• You should know that the property purchased must have a minimum value of 750,000 dirhams, if the purpose of buying a property is to obtain a residence permit in the UAE.
• It is possible to buy any property in the UAE, but you need to buy a residential property to get an immigration permit. Therefore, it is very important to consider the purpose of buying real estate in this country.
• The laws of the UAE for the purchase of property by expatriates are constantly changing, and it is suggested that you read the new laws carefully before taking any action.

Residential property purchase rules in UAE

The necessary conditions for buying a property to obtain residency in the UAE include the following:

• The applicant to buy the property must have at least 1 million AED to buy real estate and this capital has been approved by the government.
• The visa you receive using this method can be extended for up to two years, and the immigrant must refrain from selling the property during this period.
• Completing all legal procedures must be done in the same area where you are going to receive a residence permit.
• Obtaining an immigration visa is not a proof of a work permit, and you must go through special legal procedures to obtain this permit.
• It is necessary to renew the visa every two years and the UAE does not allow permanent residence and you cannot obtain the citizenship of this country.
• The purchased property must have an acceptable area for family members to live.
• The property you buy to get a residence permit must be habitable.
• The purchase of residential property must be done in the free zone.
• Buying a 99-year-old property or renting it will not help you obtain a residence permit.
• It is necessary to pay half of the price of the property as a mortgage in case of a house mortgage.
• Document issuance for the purchase of property by immigrants must be done by the Land Department.
• The value of the purchased house must be at least 2 million dirhams in cases where the property is purchased by a husband and wife. The document that is issued for such properties is only one number and is not issued for each person separately.
• Buying shops and stores that have a commercial document is not considered a necessary condition for obtaining a residence permit.