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Post# A2297615

Property Ownership rules for Indians in Dubai real estate (India)

Posted on: Friday, 18 October, 2024  07:05
Updated On: Saturday, 19 October, 2024  02:41
Expires On: Sunday, 17 November, 2024  06:05
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Price: 15000000
 

Due to the emirate's continued investor-friendly policies, Indians can buy property in Dubai with ease. Finding the required type of property-freehold or leasehold-in open spaces that are suitable for foreign ownership is the first step. In some of the most desirable areas, such as Palm Jumeirah, Downtown Dubai, and Dubai Marina, Indians are free to purchase freehold real estate. A buyer must sign a sale agreement and pay an earnest amount, usually 10% of the property value, after selecting a suitable property. Additionally, a buyer must perform appropriate due diligence. Regarding eligibility, Indian nationals are not subject to any restrictions when it comes to purchasing real estate in Dubai. However, purchasers need to be older than 21 and possess a passport that is currently valid.Paying fees, such as a 4% registration fee to the Dubai Land Department and extra charges for agents and legal services, are part of the regulations when purchasing real estate.

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