Finding a Home

In the UAE, freehold ownership is generally permitted in designated investment zones. Outside these zones, leasehold arrangements may be the only option. Research the specific regulations within the desired emirate, as each has its own rules.

Conduct thorough market research beyond online listings. Understand the local economy, neighborhood characteristics (schools, amenities, proximity to work), and future developments. Local knowledge is invaluable; talk to residents and visit local businesses.

Create a detailed budget including mortgage payments, service charges, utility bills, and potential furnishing costs. Factor in currency fluctuations if earning outside the UAE and stress-test finances against potential job loss or interest rate rises.

Securing a mortgage as an expat in the UAE requires a strong credit history, demonstrating responsible financial behaviour. Explore different mortgage options (fixed vs. variable rates, Islamic financing) and consult a financial advisor familiar with UAE banking practices.

Engage a reputable real estate lawyer familiar with UAE property law for a thorough review of the Sales and Purchase Agreement (SPA) and related documents. Ensure the terms are fair, the property is free from encumbrances, and the transaction complies with RERA regulations.

Consider long-term plans, including potential rental income if relocating within or leaving the UAE, and the potential for capital appreciation in the chosen area.

While the UAE doesn't currently have property taxes, understand any potential tax implications in your home country related to owning property abroad.

Secure comprehensive home insurance covering fire, theft, water damage, and other potential risks.