Can a Foreign National Purchase a Home Remotely in UAE?
Remote buying is possible even with foreign nationals. The government is doing an interesting step that could be quite helpful. Post-Covid, online marketing, and e-commerce firms have brought about extraordinary developments that the entire globe is now witnessing.
Look for a properties for sale in UAE online
The next action would be to get in touch with the real estate brokerage, All About Properties LLC.
The real estate brokerage will then speak with a representative from the Dubai Land Department to inquire about availability.
If a property is accepted, a DLD representative will provide you a link for video calling.
You will virtually meet.
To achieve this, you must designate a power of attorney as your agent, such as a representative from the real estate brokerage you now use.
The certification of the document with a notary's seal and signature is required. Your representative can then carry out the transaction after that.
The current property market emphasizes more on marketing properties online. So we would like to focus more on digital marketing.
Today, international buyers have the same rights to own property as Emirates citizens. A foreigner can also get a resident visa after purchasing property and keep renewing it.
Since 2006, a non-UAE resident owner has been able to sell, rent, gift, or inherit their property.
Prior to the law's implementation in 2006, foreigners could only rent property for 99 years; as of right now, after a property transaction is registered, the buyer has full ownership.
The land department charges the buyer 2% of the cost of the villa or flat for its property registration when they purchase secondary housing.
Real estate investors could think about purchasing pre-built homes. If you want to purchase an apartment at its lowest price and have the luxury of waiting one or two years for it to be ready to move into, this is a fantastic alternative. Since the government oversees their compliance with construction agreements, there is no need to be concerned that the construction business may postpone the delivery of the project. As a result, every project is finished on schedule.