Questions and conditions
Can Iranians buy property in Dubai due to sanctions?
Yes, they can.
Are these properties 99 years old like before or are they perpetual for the buyer?
Ownership remains with the buyer forever.
Is property inherited by heirs?
Yes, heirs have a monopoly on properties.
Can I get residency by buying property?
Yes, you can get a 2-year, 5-year and 10-year residency for different periods of time depending on the price of the property. A 2-year residency is obtained by purchasing a property for 750,000 dirhams, and the residency process begins by paying half of this amount.
Can the property be rented out?
Yes
Are all property purchases cash?
There are also pre-sales and installments.
Can my children study there?
Yes, they can study at the best universities and schools in the world.
What are the most important advantages to living in Dubai?
Investment security, life security and social welfare are among the most important advantages. Dubai is a modern city with all the world’s brand representatives and up-to-date facilities for life. Dubai is a place for expanding business and globalizing economic activity and is known as the economic and tourist hub of the region, so you can develop your business on a global scale.
Do we still have to pay two million dirhams for a fully completed property for a 10-year residency?
No, previously you had to pay two million dirhams for a 10-year residence permit, but now you can apply for a 10-year residence permit even if you pay one million dirhams and the property is not ready.
Does the property still have to be completed for the two-year residency application?
No, according to the new law, if you have paid only 375,000 dirhams for the property, and the property is more than 50% complete, you can apply for a two-year residency. You don’t need to wait for your property to be 100% complete before you can apply for residency.
By investing and purchasing government-owned projects under construction in Dubai, you can pay a percentage of the property price, receive the keys to the apartment and have it deeded, and then pay the remaining amount for the apartment in long-term, interest-free installments.