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Dubai Business and Investment, Dubai (2026)

19/07/2023

Start of sales of apartments from $151k in the Jannat project in DPC from Deyaar Developments
Interest-free installment for 6 years!
DLD - 0%!
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Click the button below for details👇🏼
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🏡 In apartments:
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• design renovation in bright colors;
• partial furnishing;
• premium plumbing;
• built-in kitchen appliances;
• panoramic windows and large ceilings;
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Location:
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DPC
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By car:
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• 15 minutes - to Dubai Marina;
• 30 minutes - to the airport DXB;
• 25 minutes to Al Maktoum airport;
• 25 minutes Down Town and Dubai Mall;
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About the project:
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Jannat - the project consists of two towers 1Tower A: G+P+13 and Tower B: G+P+18.
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Delivery - June 2026.
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Prices:
• Studios from 36 sq.m - from $151.000
• 1bdr from 73 sq.m - from $237.000
• 2bdr from 110 sq.m - from $385.000
• 3bdr from 152 sq.m - from $526.000

Facilities:
• Pool;
• Terrace;
• Children's play area in the open air;
• Playground;
• Outdoor recreation area;
• Multipurpose hall;
• Game room;
• Tennis court;
• Barbecue;
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Installment 65/35:
12% - when booking;
53% - while construction is in progress;
35% - with an installment plan for 35 months after receiving the keys!

Approximate annual rental yield:
ROI ≈ 8%
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write to us in direct

11/07/2023

*NEW LAUNCH*! 💥

Dear Partners!
Below are general information about our new project in Al Habtoor City, SZR - *Al HABTOOR TOWER* which you can share with your clients.

Project name: Al Habtoor Tower
Location: Sheikh Zayed Road
Accessibility: From sheikh Zayed road, Al khail road, Jumeirah and Downtown

G+82
4 Retail shops (Ground floor)
18 high speed lifts

The Contractor : China Railway 18th Bureau Group
The Architect : MAK Consultancy & Architects

Three floors of Amenities

(Gym, infinity Pool, Spa, Paddle court, Sport Cafe, Restaurant, Kids play area, outdoor sitting area, and Library)
Parking : Basement & Podium

*Sizes: *
1Bed from 837 Sqft to 1,514
2Bed from 1,265 Sqft to 2,030
3Bed from 1,742 Sqft to 2,355

*Price Range : *
1Bed from AED 2m
2Bed from AED 3.5
3Bed from AED 5.2

All apartments has Balcony and fully equipped Kitchen

*Payment Plan : *

60% linked to the construction
40% On Handover
10% +4% On Booking

Handover - Q3 2026

I will share later the EOI
AED 50,000 for individual unit
AED 1m for full floor

Brochure and Floor plan to be shared later once it’s ready

DM for more info
*Anastasiia Kozlovskaia *

11/07/2023

Prise 304 000$ - 60m2
Prise 486 000$ - 106m2
Payment plan 80/20
Contact us in direct

29/06/2023

MORE RELIABLE BETTER

Experience the pinnacle of luxury living at Jumeirah Village Circle (JVC)*. Enjoy an unparalleled lifestyle in an exceptionally designed apartment with *40+ amenities.

》 Studio - AED 650,000 to AED 780,000
》 1 bed - AED 1.05 to AED 1.275 million
》 2 beds - AED 1.5 to AED 1.7 million
》 3 beds - AED 2.15 to AED 2.2 million

Guaranteed return on investment from 6% to 10% per annum for 3 years*

Completion date: Q3 2026

7 year payment plan

》65% before completion
》35% upon completion

Write to us in Direct!

28/06/2023

MORE RELIABLE BETTER

Experience the pinnacle of luxury living at Jumeirah Village Circle (JVC)*. Enjoy an unparalleled lifestyle in an exceptionally designed apartment with *40+ amenities.

》 Studio - AED 650,000 to AED 780,000
》 1 bed - AED 1.05 to AED 1.275 million
》 2 beds - AED 1.5 to AED 1.7 million
》 3 beds - AED 2.15 to AED 2.2 million

Guaranteed return on investment from 6% to 10% per annum for 3 years*

Completion date: Q3 2026

7 year payment plan

》65% before completion
》35% upon completion

Write to us in Direct!

БОЛЬШЕ НАДЕЖНЕЕ ЛУЧШЕ

Испытайте вершину роскошной жизни в Jumeirah Village Circle (JVC)*. Наслаждайтесь непревзойденным стилем жизни в апартаментах с исключительным дизайном и набором *40+ удобств.

》 Студия — от 650 000 до 780 000 дирхамов ОАЭ.
》 1 кровать — от 1,05 до 1,275 млн дирхамов ОАЭ
》 2 кровати — от 1,5 до 1,7 млн дирхамов ОАЭ
》 3 кровати — от 2,15 до 2,2 млн дирхамов ОАЭ

Гарантированная рентабельность инвестиций от 6% до 10% годовых в течение 3 лет*

Дата завершения: 3 кв. 2026 г.

7-летний план оплаты

》65% до завершения
》35% после завершения

06/06/2023

Many people call Dubai the “City of Tomorrow”, and there are really a lot of reasons for this. This city is considered to be one of the most interesting places in the world. Millions of people come here every year for both recreation and permanent residence. The Dubai real estate market is actively developing, with developers giving priority to elite properties. Today, many investors and guests of the resort are interested in: what awaits the Dubai real estate market in 2023? We understand and make a prediction.

According to statistics, Dubai real estate prices rose markedly by the end of 2022, but did not reach peak values, as they did in 2014. The cost of apartments has risen by 8.5% since January, and the cost of villas - by 13%. If we take into account the average price per square foot, we can see the following values: 1149 AED (312 USD) and 1359 AED (370 USD) respectively.

The most expensive apartments are offered in the Jumeirah area, and villas - on Palm Jumeirah. For example, in September 2022, an important deal was concluded: a land plot on the famous paradise island was bought for 600,000,000 AED (more than 163 million US dollars). A couple of weeks before that, the most expensive villa in Dubai was purchased here. Its cost was 302,000,000 AED.

Such deals show that rising prices do not stop potential buyers. This is due to exclusivity - there are not so many such offers, so the demand for them is only increasing. In addition, the influx of wealthy investors was also attracted by the golden visa - after all, most often foreign citizens purchase luxury real estate. Some of them need it for permanent residence, others for renting out.

Hiring income can be substantial. A recently purchased villa on Palm Jumeirah was rented out for six months for AED 4,000,000 (just over a million US dollars). If we calculate the annual cost, we get a new record in the amount of income from renting Dubai property. The previous high in 2021 was AED 7,500,000 per year. This revenue was brought by a villa located in the Emirates Hills.

More affordable housing - apartments - were also in great demand. And in 2022, their sales reached record levels. Stimulated the purchase of real estate a significant increase in rent. Peak values were recorded in August: the average price increased by 24.9% compared to the beginning of the year.

In the same period, its maximum values also extended to elite housing. The cost of renting villas increased by 24.2%. In the remaining months until the end of the year, there were no significant price hikes in the real estate rental sector.

Summing up
The Dubai real estate market attracts the attention of millions of buyers. 2022 saw a peak in sales of properties, but even despite a significant price increase, the number of transactions increased significantly compared to 2021. This was facilitated by various factors: a simplified visa system, an increase in rent, an unstable situation in the world.

According to the forecasts of leading analysts, in 2023 housing prices in Dubai will continue to grow. So, according to experts, on average they can increase up to 20%. If you believe the assumptions, then the best period for buying a home is the first half of the year, and by the end of the year prices will become noticeably higher.

Property prices in Dubai are expected to continue rising in 2023. This is due to the introduction of the golden visa, a preferential program for foreigners in one of the most prosperous cities in the world. According to experts, the average cost of objects can increase up to 20% per year. If we are talking about luxury housing, the price per square foot can grow by 13.5% during the year. Despite such a high rate of appreciation, demand for them should remain just as high.

Analyst company Knight Frank believes that in 2023 Dubai will show the highest growth rates in property prices in the world. According to experts, the city will be able to get ahead of today's leaders - Miami and Paris. It is predicted that by the end of 2023 the cost of luxury properties will increase by about 50% compared to 2021. However, even with this rate of increase, luxury housing in Dubai is still considered one of the most affordable in the world.

05/06/2023

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30/05/2023

UAE APPROVES NEW RULES FOR ENTRY AND RESIDENCE OF FOREIGNERS
More than 80% of the population of the UAE are foreign residents and for a long time they have played an important role in the economy of the state. Not surprisingly, changes in the visa laws of the Emirates are aimed at attracting and, most importantly, retaining talented professionals from around the world.

On April 18, the Cabinet of Ministers approved a new entry and residence scheme for foreigners, Bloomberg reports. According to preliminary information, the changes will come into force in 3 months, around September 2022.

More about the changes

• Golden Visa (Golden Residence)

Long-term 10-year residency is granted to investors, entrepreneurs, talented foreigners, scientists and highly qualified specialists, outstanding students and graduates. The new rules remove restrictions related to the maximum length of stay outside the UAE in order to maintain resident status.

The changes also allow the holder of a golden visa to sponsor not only members of his family, regardless of their age, but also employees (for example, at home) without limiting their number. In the event of the death of the main applicant, his family members may remain in the UAE until the permit expires.

• Green visa (Green Residency)

Represents a 5-year residence permit for skilled workers, freelancers and self-employed, as well as investors. For the latter category of foreigners, the green visa replaces the previous residence, which was only valid for two years.

Green visa holders can also bring their first-degree relatives into the country.

• New visas

The simplifications involve obtaining various multiple entry visas for up to one year and eliminate the need to have a sponsor in the UAE:

- Job Seeker Visa - Introduced to attract young talents and qualified professionals to explore employment opportunities in local companies.

- Investor visa - to explore investment opportunities in the UAE.

• Tourist visa

For travelers, a 5-year multiple-entry tourist visa has been introduced. All that is required to receive it is confirmation of the presence of an amount of $ 4,000 in a bank account.

If you are interested in immigration to the UAE, please contact us in the messenger at the number listed at the top of the site, or click on the "order a consultation" button. Experts of the "Second Passport" will advise you and suggest an algorithm of actions in your individual situation.

30/05/2023

The incredible opportunities that Dubai is rich in attract more and more tourists and investors from all over the globe every year. This is truly a city of the future, with the highest skyscrapers, outstanding architecture, excellent infrastructure, excellent service, magnificent beaches and, of course, an endless stream of guests from all over the world.

Today it is prestigious to have housing in Dubai. It means being truly successful. No wonder even the largest and most famous companies have their offices in the UAE.

Buying property in Dubai

Many people ask questions: how to successfully buy property in Dubai? Where to begin? What should you pay attention to first of all?

Below we will try to answer all these questions.

To begin with, it is worth noting for yourself all the advantages of buying an apartment, or any other objects.
Dubai is a city of great ambitions and high-profile projects, which is very popular among tourists, so investing in real estate here is an excellent investment solution for short-term rentals.

If you are considering the option of temporary use of housing, and the rest of the time with renting it out, then buying a hotel apartment would be an excellent option.

Can a foreign buyer who is not a citizen or resident of the UAE buy an apartment in Dubai?

Foreigners have the right to purchase residential property located in free hold zones, and the purchase process is relatively simple.

For the most personalized and professional search for a suitable property specifically for your case and according to your request, it is better to use the services of qualified real estate specialists. In this case, all the nuances will be taken into account, full support of the process will be provided, you will avoid making common mistakes and get exactly the result you expect.

The Dubai real estate market opened to foreigners in 2002 and has since attracted many buyers from all over the world. We are talking about both commercial and residential real estate, both for personal use and for investment. Among the available options there are many apartments, villas and townhouses, hotel apartments, offices or warehouses.

The emirate's tax-free status has undoubtedly played a key role in attracting foreign investment. Residential property in Dubai remains tax-free following the introduction of value-added tax in the UAE in 2018. These objects either have a zero rate or are completely exempt from tax.

Real Estate Dubai

Which areas are the most attractive for buying property?

Dubai Marina is a good high end choice. A popular area with a great mix of condos and hotel suites, as well as a huge selection of restaurants and retail outlets, all within easy reach of the beautiful Jumeirah Beach. It is also one of the most attractive areas in Dubai, with skyscrapers lining the man-made marina bay, which has made it very popular with the city's residents. The area is always in demand, both among buyers and tenants.

The artificial island of Palm Jumeirah is second only to Dubai Marina in terms of popularity for investment. This is a prestigious place with good infrastructure, well-groomed landscaped area, cozy shopping center Nakheel Mall, parks and good restaurants. Mostly apartments are located on the trunk of the island, luxurious villas are located on the sprawling branches, and numerous hotels of world famous chains are located on the encircling crescent.

Downtown Dubai is the center of the city and a really safe place to invest. The world's tallest tower Burj Khalifa is one of the most visited tourist attractions. It is also home to the world's largest shopping center Dubai Mall, the famous singing fountains and dozens of other incredibly popular locations that provide an uninterrupted flow of tourists. In other words, this is the real heart of the emirate.

Apartments in Dubai

Why is it profitable to buy property in Dubai?

Dubai is a city of the future, which has a favorable geographical location at the crossroads of continents and is developing dynamically, turning into one of the centers of the modern world. For almost two decades, this city has certainly become attractive both for tourists and for dozens of companies from around the world. A luxurious lifestyle in a real oasis, a warm climate, the gentle waters of the Persian Gulf, a special cosmopolitan atmosphere and strong economic growth generate huge demand.
In addition, buying an apartment here, you get an amazing opportunity to regularly relax near the sea, without constantly thinking about finding vacant places in hotels or renting accommodation for the holidays.

Another significant advantage of buying an apartment in Dubai is the opportunity to obtain a resident visa (residence permit) for a period of five years.

And of course, renting out your property, which promises a good profit at any time.

26/05/2023

Commercial real estate in Dubai (UAE)
What gives the purchase of commercial property in Dubai?
Commercial premises in Dubai are in high demand and bring in a profit of 4-8 percent per year. Therefore, foreigners consistently show interest in buying commercial property in Dubai.

Individuals investing in Dubai real estate can obtain a long-term residence permit in the UAE - the so-called "Golden Visa" - subject to certain conditions:

To obtain a visa for a period of 5 years, it is necessary to invest at least 5 million dirhams, and for a visa for a period of 10 years - 10 million dirhams;
The invested amount cannot be obtained from borrowed funds (that is, a mortgage is not possible);
Real estate objects must be owned by the investor for at least 3 years from the date of issue of the residence permit;
The investor must have a comprehensive medical care policy.
From September 2022, the amount of investment for obtaining the "Golden Visa" should be reduced to 2 million dirhams. Since 2019, it is possible to obtain a resident visa by purchasing office real estate worth from 1 million dirhams.

Advantages and disadvantages
Foreign citizens can only buy property in Dubai in certain areas. They are listed in Regulation No. 3 of 2006 (as amended). As of 2022, these are: Burj Khalifa, Business Bay, Palm Jumeirah, Emirates Hills, Jumeirah Islands, Jumeirah Lake Towers, Dubai Marina. Foreign companies, in addition, can purchase commercial property in the free zones of Dubai. The companies themselves must be registered in Dubai, Dubai Free Zones or Jebel Ali Free Zone.

dubai marina business district
Commercial real estate includes completely different types of objects, from shops and warehouses to hotel apartments and factories, so each such object will generate a different income and have its own advantages and disadvantages.

Generally speaking, the advantages of purchasing commercial real estate in Dubai include the following circumstances:

Such real estate, as a rule, requires less maintenance and repair costs;
The cost of the premises depends on how much profit it will bring, so you can always make some changes that increase profitability - re-equip the premises or change its purpose;
Commercial real estate has longer lease periods;
Commercial real estate rent may include rent and a percentage of turnover;
Commercial real estate can have multiple use cases;
Commercial real estate is easier to manage;
Lease agreements are usually concluded with a legal entity, which provides greater legal protection and minimal risks.
Among the disadvantages of such transactions, the following factors can be listed:

Getting a loan or mortgage on a commercial property is quite difficult;
The cost of commercial real estate is usually higher than residential;
Finding commercial property tenants can be tricky;
Commercial real estate is more sensitive to market changes.

Property taxes
According to the latest guidance on VAT from the Federal Tax Service in the UAE, any building can be a commercial property, except for the following:

Buildings designed as residential buildings;
Buildings intended for use by a charitable organization for charitable purposes;
Land in a condominium.
As of 2022, commercial real estate transactions in the UAE are subject to the standard VAT rate of 5%, regardless of whether it is for sale or rent. Residents and non-residents of the country are in the same conditions. VAT is payable on the full amount of income received from the sale or lease of commercial real estate. If the amount is paid in installments, VAT must be paid on each installment.

money on the background of buildings
In the case of purchasing a commercial building and converting it to a residential building, the buyer is entitled to a refund of the tax paid within three years from the date of transfer. With regard to buildings of mixed use, the residential part is subject to exemption from taxes, and the commercial part is taxed.

In the UAE, both buyers and tenants of commercial property pay VAT. The only exception in the legislation of the United Arab Emirates is for cases when the commercial property being sold has a tenant, and he continues to occupy the property for as long as both the buyer and the seller remain registered as VAT payers.

The buyer and seller, as well as the tenant and landlord of commercial real estate, must go through the VAT registration procedure. This requirement is relevant for 2022 and applies to both companies and individuals. Also, the seller is required to register as a VAT payer if he exceeds the required tax threshold of 375,000 dirhams every year.

How much does commercial property cost in Dubai?
The cost of commercial real estate in Dubai consists of their purpose, location, area, condition and other factors. Approximate prices for the summer of 2022 are as follows:

Commercial land (plot) - from 1.3 to 175 million dirhams (AED);
Land plot of mixed use - 2.7 million AED;
Industrial land plot - 850 thousand AED;
Office space - from 200 thousand AED;
Shops - from 245 thousand AED;
Warehouses - from 1 million AED;
Commercial space - from 3.2 million AED;
Factories - from 150 thousand AED;
Dormitories for staff - from 2.8 million AED.
The cost of real estate from a developer (under construction) is usually lower than finished properties.
Price dynamics
In the first half of 2022, the demand for commercial property in Dubai showed rapid growth, with the value of sales increased by 89% and the number of properties sold by 38% compared to the first half of last year, according to a report from real estate company CRC. The real estate market has picked up significantly compared to 2021.

Many companies from Eastern Europe and Russia moved their operations and employees to Dubai, which caused an increase in demand for office space - sales of this type of commercial property increased by 19%. The abolition of restrictive peace caused by COVID-19 led to a surge in activity in the retail market: the number of sales of premises for trade and catering facilities increased by 64%.

Market Forecast: The S&P’s Dubai Property Market Rating 2022 suggests strong demand for real estate from the developer and an increase in transaction volumes, as well as a segmentation of offers in the office space sector due to excess demand for class A offices.

Dynamics of prices for commercial real estate
The Dubai Land Department (DLD) provides on its website the dynamics of the price index for commercial real estate (office space and retail). The price index for office space reached its maximum (1.36) in the second half of 2015, after which it continued to decline until the end of 2021 (0.82). The retail space price index peaked in the 1st quarter of 2016 (1.12), and by the end of 2021 fell to 0.85. However, already in the 1st quarter of 2022, the chart went up and amounted to 1.30.

The median AED price per square foot was AED 816 in January 2022 and AED 947 in August, showing a 23.5% increase. Also in August, 230 transactions for the sale of commercial real estate were concluded against 130 in the same month of 2021, which is an increase of 76.9%.

Read more about this in the article "Commercial real estate in Dubai".

Dynamics of prices for residential real estate
In June 2022, the residential real estate price index reached a ten-year high, and the number of transactions increased by 46 percent compared to the same period last year, according to a report from the Dubai Land Department. Their amount amounted to almost 23 billion dirhams. The average price of housing in Dubai in the second quarter of 2022 rose to $350,000.

man looking at dubai
The number of transactions with residential real estate for the period from January 1 to August 31, 2022 amounted to almost 60 thousand.

Dubai commercial real estate investment
In Dubai, commercial properties can include not only buildings, but also land. The latter are subdivided into “plot” (can be translated as “allotment”) and “land” - a land plot. Plot - multi-purpose land plots that can be used for the construction of commercial buildings for personal or investment purposes. Land is divided into two types: mixed-use land and industrial land.

The choice of commercial premises and buildings in Dubai is very wide - from offices to entire enterprises. Office premises are being sold both completely empty (core / shell) and furnished (fitted). The following items are available on the market:

Office space - ordinary and coworking;
The shops;
Warehouses;
Exhibition halls;
Commercial areas;
Hotels;
Factories;
Dormitories for workers.
Infrastructure, road network, availability of various services and public transport play a decisive role in determining the value of commercial real estate in Dubai. The following areas are considered the most popular for buying such real estate in Dubai:

business Bay. The area has excellent transport links and is only 15 minutes from Dubai International Airport.
Jumeirah Lake Towers. It has the largest number of commercial premises for sale in Dubai. Reliable communications, metro stations, banks, supermarkets are at the service of visitors.
AL Quoz. Here, mainly warehouses and factories are presented, but there are also various types of office space and land.
Jebel Ali. The largest business center of Dubai and one of the largest commercial ports.
international city. The area is well structured and is an ideal place to invest in commercial real estate.
It is possible to invest in commercial real estate in Dubai without purchasing it. It is enough to purchase shares of the REIT investment fund (Real estate investment trust), which deals with real estate transactions.

Read more about buying real estate in the article "Investing in real estate in Dubai".

Buying commercial real estate - the nuances of the acquisition
Dubai's thriving business sector is generating a large influx of migrants and new jobs, which is driving demand for commercial space.

The UAE has restrictions on foreign investment. In particular, only foreign companies registered in offshore and free zones (free zones) in Dubai can invest in the country's economy, as well as

26/05/2023

Property in Dubai (UAE) for non-residents
The Dubai real estate market has shown strong growth. The metropolis has become one of the most popular investment destinations - expats buy up to three-quarters of all real estate on the market. The constant demand for apartments, villas, townhouses and commercial premises guarantees high returns for such investments.

Foreign citizens - expats or investors - can acquire ownership of real estate in Dubai on an equal basis with citizens of the country. However, the purchase of real estate on the rights of free possession (freehold) is possible only in areas determined by the government. Non-residents have been allowed to buy property in Dubai since 2002. In 2022, 60 freehold zones have already been opened here, where foreign investors can buy an apartment or a villa.

The best freehold zones in Dubai are the following areas:

Business Bay. This lively area is considered an oasis of business life and trade.
Dubailand. Cottage settlements and apartments are being built here on a vast territory. In the near future, theme parks, shopping centers, places for recreation will appear here.
Downtown Dubai. This chic, luxury apartment area is well known for attractions Burj Khalifa and Dubai Mall.
Dubai Marina. One of the most popular places in the city due to the beaches and picturesque views.
life in dubai
What gives a foreign citizen buying property in Dubai? First of all, the opportunity to live in a modern metropolis with a developed infrastructure, where the offices of the largest companies are located and all kinds of events of world importance are regularly held, from exhibitions to sports competitions. Property buyers and investors can obtain a long-term residence visa in the UAE - you can become a resident of the country by investing in real estate from 1 million dirhams (AED). Secondly, real estate can be a stable source of income if you rent it out or buy it for resale. At the same time, the risks are minimal, since the real estate market in the UAE is controlled by the state.

Can a foreigner buy an apartment in Dubai?
In accordance with Law No. 7 on the Registration of Real Estate in Dubai, Article 4, persons who are not citizens of the United Arab Emirates or citizens of the states of the Cooperation Council for the Arab States of the Gulf (GCC) may acquire:

Ownership of real estate without time limits (freehold);
The right to use (usufruct) or lease for up to 99 years.
Freehold (freehold) gives the right to full ownership of real estate: a citizen can sell it, donate, inherit or lease it at any time. What is important, the land under the building also belongs to the owner. If the value of real estate exceeds AED 1 million, then a non-resident has the right to obtain a long-term UAE visa, obtain a driver's license and transport family members to the country.

Leasehold (leasehold), in fact, is a long-term lease without the right to purchase. At the end of the lease period, the property is returned to the owner. Lease terms can be up to 99 years. Such real estate can be subleased, resold, equipped to your liking.

Usufruct is a term from Roman law, literally meaning "use of the fruits." Usufruct means the right to use someone else's property and derive income from it, but on the condition that the property does not undergo any changes. Usufruct in Dubai is a type of long-term lease of real estate. You can use such a room, but it is no longer possible to make redevelopment or reconstruction.

Finally, another type of lease is musataha. It allows you to own a land plot for up to 50 years and carry out development on it all this time. The erected buildings will belong to the owner of the land.

residency in Dubai
All lease agreements in Dubai are subject to registration through the Ejari system, which regulates relations between tenants and landlords.

The areas in which non-residents can purchase or rent real estate are determined by the Ruler of Dubai. Resolutions are periodically issued expanding the list of such territories.

A foreign citizen does not have to come to Dubai to buy or rent real estate. He can issue a Power of Attorney (PoA) to a UAE citizen using the services of a law firm in Dubai. After drawing up a power of attorney, a non-resident must notarize it in his country, after which it must be apostilled and sent in its original form to the UAE. If the power of attorney is not in Arabic, then it will be necessary to make an official translation and certify the power of attorney in the UAE Ministry of Justice.

The nuances of the deal
The process of acquiring real estate in Dubai by a foreign citizen can be divided into four stages.

The first stage is the signing of a preliminary agreement between the buyer and the seller. At this stage, you can do without the help of a lawyer or real estate agent. Basically, it's just a price negotiation.
Mortgage interest rates for non-residents will be higher than for UAE citizens (approximately 5% on average). The age of the applicant must not exceed 65 years for employees and 70 years for self-employed. The bank will also require the borrower to provide proof of income for the last 6 months and proof of sufficient financial support (usually not less than 25,000 AED).

Additional fees will include a mortgage loan processing fee of 1% of the loan amount. In addition, a property valuation fee of AED 2,500 to AED 3,500 + 5% VAT is charged.

Commercial real estate for non-residents
A foreign citizen can buy commercial property in Dubai, but there are some restrictions. Specifically, as of 2022, selection is limited to the following areas:

Dubai Marina;
Downtown Dubai;
Jumeirah Village Circle (JVC);
Arabian Ranches;
Dubailand;
Palm Jumeirah

Creative Cluster Authority;
Dubai Merchandise Trade Center;
Dubai Free Trade Zones.
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