Features of the acquisition of real estate in the UAE
Buying housing abroad, especially in states with a developed resort business is a good way to invest in a permanent place of rest.
In recent years, it has been possible to acquire real estate in the UAE. This is due to a change in the legislation, which in the Emirates of Dubai since 2006 introduced the concept of FreeHold – the opportunity for foreigners to acquire a land plot with real estate located on it in full property.
In other emirates, the possibility of ownership is decided in each case individually. Leasehold is less attractive, which makes it possible to rent 99 years with its further extension.
If the owners are two or more people, then CommonHold is applied – ownership and management of common property.