Buying real estate in Dubai attracts many French people looking for lucrative investments or a second home in a dynamic and cosmopolitan city. However, it is essential to fully understand the specifics of the local real estate market, the purchasing procedures, and the associated costs to successfully complete such a project.
Since 2002, Dubai has allowed foreigners to acquire freehold real estate in designated areas called “Freehold Areas.” Among the most sought-after are Dubai Marina, Downtown Dubai, Palm Jumeirah, and Jumeirah Lakes Towers. These areas offer a variety of properties, from modern apartments to luxurious villas, catering to various needs and budgets.
Beyond the purchase price, several costs must be taken into account:
Yes, in designated freehold areas, with full ownership and a title deed registered at the Dubai Land Department. Outside those areas, foreign ownership is generally limited to long leasehold.
DLD transfer fee, registration and trustee office charges, agency commission, mortgage registration if financing, and ongoing service charges. Budget meaningfully above the headline figure.
No. Non-residents can purchase freehold. The relationship runs the other way — ownership at qualifying values can lead to residency.
Yes. Freehold is outright, indefinite ownership registered in your name. Leasehold grants rights for a fixed term, commonly up to 99 years. Only freehold in designated areas qualifies for the Golden Visa route.
Certain UAE entities and offshore companies from approved jurisdictions can register title, subject to DLD approval. Corporate ownership changes transfer costs, financing availability and visa eligibility — settle the structure before exchange, not after.
Construction delay, developer default, and specification changes. Escrow protections exist but don’t eliminate the risk. Check the developer’s delivery record and confirm the project is registered with RERA before paying anything.
Title deed and seller’s right to sell, outstanding service charges, any mortgage on the property, RERA registration for off-plan, and the current service charge per square foot. Service charges vary substantially between buildings and materially affect net return.
In conclusion, buying property in Dubai offers numerous opportunities for the expats, whether for personal residence or investment. A thorough understanding of the market, procedures, and associated costs is essential for completing a successful and secure transaction.
