Apartments in UAE
Property types in UAE
Frequently Asked Questions
You can get a UAE residence permit:
- for 2 years if you buy an apartment for at least AED 750,000, or approximately $204,000;
- for 10 years if you buy an apartment for at least 2,000,000, or approximately $540,000.
UAE real estate can be a profitable investment. For example, in 2022 the average cost of Dubai apartments increased by 9%, and rental prices grew by 27%.
Yes, foreigners can buy apartments in the UAE, but some areas of the country have restrictions on the form of ownership. A foreigner can buy apartments in full ownership only in special areas of the two largest emirates: Abu Dhabi and Dubai. In other areas of the UAE, you can buy real estate on a leasehold basis
When purchasing an apartment for at least AED 750,000, or $204,000, a foreigner can apply for a UAE residence visa.
Buying an apartment in Dubai can be a profitable investment: real estate prices in this emirate have increased 1.5 times over the past 10 years. Investors can rent out the purchased property and earn an annual yield of 5—8%. Rental income from residential property is not taxed in the UAE. There is also no annual property tax in the UAE.
Apartment prices in Dubai depend on the area of the emirate. Downtown Dubai and Palm Jumeirah have the highest prices, and Business Bay has the lowest. The average apartment price in Dubai is $500,000.
Affordable apartments can be purchased in the freehold zones of Dubai Creek Harbor and Business Bay. Here, the average residential property price is $5,000 per 1 m2, and you can buy a two-bedroom apartment for $200,000.
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