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FAQs: Buying Property in Dubai from Australia

1. Can Australians buy property in Dubai?

Yes, Australians can buy property in Dubai. Dubai offers freehold ownership to foreign nationals in designated areas, allowing Australians to own property outright without the need for a local partner.

2. What are freehold areas in Dubai?

Freehold areas are specific zones where foreigners, including Australians, can buy, sell, and rent out properties without restriction. Popular freehold areas include Downtown Dubai, Dubai Marina, Palm Jumeirah, and Jumeirah Lake Towers (JLT).

3. What types of properties are available for purchase in Dubai?

In Dubai, you can buy apartments, villas, townhouses, and commercial properties. There are also off-plan (under construction) properties available from developers, which may offer flexible payment plans.

4. What is the process for buying property in Dubai as an Australian?

The process involves:

  • Selecting a property

  • Signing a Memorandum of Understanding (MoU)

  • Paying a deposit (typically 10%)

  • Obtaining a No Objection Certificate (NOC) from the developer

  • Completing the transfer of ownership through the Dubai Land Department (DLD)

5. What documents do I need to provide?

You’ll need a valid passport, proof of address, and sometimes proof of income or a bank statement. A lawyer or real estate agent can assist with preparing the necessary paperwork.

6. Can I finance my property purchase in Dubai from Australia?

Yes, some banks in Dubai offer mortgages to foreign buyers. You may also choose to finance your purchase through Australian financial institutions. It's important to check the specific terms and requirements of each lender.

7. Are there additional costs involved in buying property in Dubai?

Yes, aside from the property price, expect to pay:

  • 4% of the property value as a transfer fee to the Dubai Land Department

  • Agency commission (typically 2%)

  • NOC fees (around AED 500-5,000 depending on the developer)

  • Service charges and maintenance fees, which vary based on the property type and location.

8. Can I rent out my property in Dubai?

Yes, you can rent out your property in Dubai and earn rental income. Many property management companies in Dubai can assist you with finding tenants and managing the property.

9. Is there a residency visa for property buyers in Dubai?

Yes, if you purchase property worth at least AED 750,000, you may be eligible for a 2-3 year residency visa. Properties valued at AED 2 million or more can make you eligible for a 10-year Golden Visa.

10. Are there taxes on property purchases in Dubai?

Dubai does not have property taxes or capital gains taxes for property buyers and owners, making it an attractive option for real estate investment.

11. Can I buy property in Dubai as an investment?

Yes, buying property in Dubai is a popular investment option. Many Australians choose to invest in Dubai for its attractive rental yields and the absence of capital gains tax.

12. How long does the buying process take?

The buying process can take anywhere from a few weeks to a few months, depending on whether you are buying off-plan or a ready-to-move-in property, and how quickly you can complete the paperwork.

13. Do I need a lawyer when purchasing property in Dubai?

While it is not mandatory to hire a lawyer, it is highly recommended to have legal representation to guide you through the process and ensure all contracts and transactions are handled properly.

14. What are the benefits of buying property in Dubai?

Dubai offers attractive property prices compared to other major cities, a tax-free environment, and high rental yields. It is also a global business hub with excellent infrastructure, making it an appealing choice for both residents and investors.

15. Can I manage my property remotely from Australia?

Yes, there are property management services available that can handle all aspects of renting and maintaining your property, allowing you to manage it remotely from Australia.

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