Can Foreigners Buy Property in Sharjah or Dubai?
Thinking of investing in the UAE property market as a foreigner? Whether you’re an expat living in the region or an international buyer looking for high-return real estate opportunities, Dubai and Sharjah offer attractive options — with some important differences. ๐️ Let’s break it down.
๐ฅ Who Can Buy Property in the UAE?
Foreign nationals are permitted to purchase property in designated areas across Dubai and Sharjah. However, the rules vary depending on the Emirate.
๐ Dubai vs. Sharjah Property Ownership for Foreigners
| Criteria | Dubai | Sharjah |
|---|---|---|
| Ownership Type | Freehold | Usufruct (100-year lease) |
| Eligible Buyers | All nationalities | GCC citizens + non-GCC with UAE residence visa |
| Areas Available | Designated Freehold Zones (e.g. Dubai Marina, Downtown) | Approved zones (e.g. Aljada, Masaar) |
| Title Deed | Yes | Yes (Usufruct Title) |
๐ ️ Steps to Buying Property as a Foreigner
- ๐ผ Choose a developer or broker: Work with a registered agency or directly with Arada for new properties.
- ๐ Reserve your unit: Pay a booking fee to hold the property.
- ✍️ Sign the Sales & Purchase Agreement (SPA): Includes payment terms and timelines.
- ๐ณ Complete your payments: Either cash or through developer-approved payment plans.
- ๐ Register the property: Your title deed (or usufruct agreement) is issued via the land department.
❓ Frequently Asked Questions
Do I need a UAE residence visa to buy property?
In Dubai, no. In Sharjah, yes — non-GCC buyers must hold a valid UAE residence visa to purchase property.
Can I get a mortgage as a foreigner?
Yes, several banks in the UAE offer mortgages to foreign investors with competitive rates. You’ll typically need a 20–25% down payment.
Is property ownership renewable in Sharjah?
Yes, usufruct rights are typically granted for 100 years and can be extended based on regulations in place at the time.
Can I rent out my property?
Absolutely! Both freehold and usufruct owners can lease their properties to generate rental income.
What are the buying costs and taxes?
Expect to pay 2-4% in registration fees. There’s no property tax, but annual service charges apply based on the property size and type.
๐ก Ready to explore your options? Learn how to get started or contact the Arada sales team for personalized support.