What Are the Requirements When Buying a Property in UAE

One of the common questions asked when buying a property in the United Arab Emirates (UAE) is whether you need to be a citizen or at least possess a residence visa.

Here are the quick facts: you must have at least a residence visa, and the property must have been formally completed, ready to be occupied, and handed to you. Other significant considerations include that the residence visa does not let you or your dependents work in the UAE. You need a separate visa for that.

There are two visa types: the six-month multiple entry and the two-year residence visa. Both require the bought property to be at least a million dirhams per owner. That means that if you co-own a single property with another person, then it should be worth AED two million or higher, and so on.

It’s also important to note that this condition is only meant for residential properties and not commercial ones. 

Required Documents

Here are the documents you’ll need to secure if you’re planning to buy a property in UAE:

• A copy of your passport
• The property’s title deed
• Sale and purchase contract
• Six pieces of passport-sized photos
• A copy of your current visa

If you want to settle in and buy a property in the UAE, you can apply for a property investor residence visa. It requires that you invest a minimum amount of AED one million in the government’s designated and approved real estate area.

Once you’ve bought the property, you can apply for a residence visa, which is renewable and value up to two years. This is under the condition that you still own the property and visit the country once every 180 days. 

Moreover, this visa gives you the right to live in any of the seven Emirates. There is also no permanent residence visa, meaning that you’ll need to renew every two years. 

The Requirements 

• A monthly income of AED 10,000 minimum or equivalent
• Medical insurance
• A property big enough to house family members
• A property under your name
• The property must be an apartment or villa
• The property must be in the freehold area, where foreigners can own properties
• The property must be valued at at least AED 1 million
• The property should not be leased to you or have a lease of 99 years
• If the property is under a mortgage, at least half of the value must already be paid
• A title deed issued by the Land Department

Other Considerations to Take

Aside from the abovementioned requirements and considerations for getting a visa to purchase a property in the UAE, here are other things that will also affect your application.

For instance, dual citizenship is not recognized in UAE. If you want to become a citizen of the country, you need to renounce your previous citizenship. 

Other documents that are required for this entire process are:

• Evidence of Health Insurance
• Title Deeds or Proof of Registration of Real Estate
• Medical Certificate
• Original and photocopy of passport
• Original Police Clearance Certificate
• Proof of income
• Three passport-size photos
• Bank Statement

Conclusion

When buying a property in UAE, there are several things you need to consider. Rest assured that following this guide helps you smooth out the process.

Dacha Real Estate is a property agency in Dubai, providing high-quality real estate for sale and lease and comprehensive property management services. Focused on world-class client services, we managed to retain success during the Dubai property crash and have grown to become a key player in the industry. If you’re looking to buy a property in Dubai, get in touch with us! We’re here to help.