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Freehold property refers to the type of property purchase, where the buyer owns the plot as well as the unit. He/She is the landowner and has the title deed under his name. An heir can inherit a freehold property from the title deed holder. The owner of a freehold property is entitled to lease, occupy or sell his/her property. The owner can use the property for any purpose as long as it is in accordance with the local rules and regulations.
Freehold properties were introduced here to encourage foreign investment in Dubai and the most popular freehold areas for expats to purchase property, include Dubai Marina, Emirates Hills, Al Barsha, and Palm Jumeirah.
No, if you are a resident abroad, you do not have to pay any tax.
Once all the required documents are in order, it takes an average of 30 minutes to register a sale.
When buying a freehold property in Dubai, the following documents are required:
Every tenancy contract must be registered with Ejari. This is the responsibility of the tenant to register the contract. It requires a Signed tenancy contract, Title Deed, SPA, Passport, visa & EID, Copy of landlord’s passport & Finger print
Oqood, refers to contracts in Arabic, is an online service by Emirates Real Estate Solutions for the developers. It helps with the property registration process between the developers and buyers.
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