How can American buy property in Dubai

Can US Citizens Own Real Estate in Dubai?

Rising crime across the US have residents seeking refuge in Dubai where safety is a top priority.

 

Dubai is a top tourist destination for world travelers. Warm climate, seaside resorts, modern skyline, endless entertainment, and centralized location to Europe, Africa, South Asia, and The Middle East make it a popular destination. Now many nationalities are calling Dubai home.

Jeff Toth California based International Realtor | LuxeAlly Real Estate

The Numbers:

According to a newly released global crime index, which studied the views of 70,000 people, Dubai made the top 10, ranking in 6th place.

Some expatriates are in Dubai on short term contracts, while others have lived long enough in Abu Dhabi or Dubai to call the UAE their home. Knowing that their children are being brought up in a safe environment, and valuing their own personal security concerns are driving factors.

Safety is also a major attraction for individuals and business owners wishing to relocate to the UAE, not to mention for the millions of tourists that visit the country every year.

 

For the first time in years demand completely outweighs supply in Palm Jumeirah villas and plots/villas on Jumeirah Bay Island. Not only are villas on Palm Jumeirah selling fast but at record prices per square foot.

“Buyers are tired of the high taxes and not feeling safe in their inner cities and many feel let down by the way their governments handled the Covid situation. What really is paramount for many is the safety and security that the UAE offers.” Chris Boswell Dubai/London

Where to begin a Dubai Property Search:

If you’re curious about purchasing property or investing in Dubai but don’t know where to start, LuxeAlly Real Estate can help. We have agents living in California who have sold property in Dubai and agents currently in Dubai. Dubai Property Search

 

Search Properties For Sale in Dubai

Can American’s Own Property in Dubai?

In Dubai, foreign ownership is permitted in areas designated as freehold. Foreigners (who don’t live in the UAE) and expatriate residents may acquire freehold ownership rights over property without restriction, usufruct rights, or leasehold rights for up to 99 years.

Article 3 of Regulation No. 3 of 2006 Determining Areas for Ownership by Non-Nationals of Real Property in the Emirate of Dubai (pages 129-132) indicates the land plots designated as freehold properties.

The title deeds are issued by the Land Department in the emirate. There is no age limit to own property in Dubai.

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Jeff Toth DRE#01969791 is an agent with LuxeAlly Real Estate. LuxeAlly Real Estate 02014153 is licensed by the state of California and abides by equal housing opportunity laws. All material presented herein is intended for informational purposes only. Information is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to accuracy of any description. All measurements and square footages are approximate. This is not intended to solicit property already listed. Nothing herein shall be construed as legal, accounting or other professional advice outside the realm of real estate brokerage.

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