Factors To Consider When Buying Property In Dubai
Dubai Starta Law is applicable to multi-unit developments. For example, if a building or development contains multiple units, it’s called a multi-unit development. The main principle of The Starta Law relates to the division of development into different units that can be owned privately. Furthermore, it also concerns jointly owned common areas of the development, such as parks, lobby, swimming pools, etc. An owners association is set up to manage these jointly-owned areas. The association is responsible for maintaining and managing these facilities and common areas.
Ownership Laws for Expats in Dubai
According to Dubai real estate laws in Dubai, non-UAE nationals can own properties in Dubai. However, they can do so in certain areas only, which are called freehold areas in Dubai.
It is important that you know the difference between freehold and leasehold properties if you are a foreigner venturing into Dubai real estate for the first time.
Also, you should know that you can gain a residence visa in Dubai without a sponsor by investing in the Dubai property market. It’s called Golden Visa. It’s a renewable visa that’s granted for five years. You can get it if you: