Dubai Property

Buying property in Dubai

The change in property laws in Dubai and the growth in tourism has led to huge investment in the property market in United Arab Emirates. With impressive new buildings, the biggest theme park in the world, a friendly city with no crime, all year sunshine and outstanding levels of service its no wonder that its the fastest growing city in the world today.

In 2001, the Dubai government agreed to allow expats to take a 99-year lease on property in Dubai. However, in May 2002, the crown prince of Dubai, Sheikh Mohammed bin Rashid Al Maktoom, issued a decree allowing foreigners to buy Dubai property on freehold ownership. This sparked the real estate boom in Dubai residential property.

Property owners and their immediate family, can obtain renewable Dubai residence visas, costing approximately Dhs. 5,000 per person. Freehold property in Dubai is limited to the Sheikh Zayed Road and Jumeirah areas.