Don't be intimidated by buying a home in Dubai! If you're considering investing in Dubai from Turkey, this guide is for you. Here's a clear and simple step-by-step explanation of the process:
- Why are you buying a house?
Do you want to live there yourself, or is it purely for investment purposes? Your answer will determine which area, which type of property, and what budget you should consider.
- The Importance of Regional Selection
Different neighborhoods in Dubai offer different investment potential:
- Downtown Dubai: Luxury living, high prestige
- Dubai Marina: Tourist area, great for renting out
- Jumeirah Village Circle (JVC): Affordable prices, potential for rapid appreciation
- Company or Individual?
You need to decide whether you will purchase the property as an individual or as a corporation (LLC). This decision is also important if you are considering an investment visa.
- Financing or Cash?
Foreigners can also use mortgages in Dubai. However, the down payment is generally 20-25%. If you are buying with cash, the process is much faster.
- Move Forward with the Right Seller
Working with licensed, RERA-approved consultants protects you from potential fraud. Always check the documents and contracts.
- Official: Contract + Title Deed
The sales agreement (SPA) is signed, the down payment is made, and the title deed is obtained through the Dubai Land Department. Everything can also be done online.
- Residence Permit Advantage
Investments over AED 500,000 grant you residency rights in Dubai. This is a significant advantage for both you and your family.
