In fact, Indians have consistently been among the top foreign investors in Dubai’s real estate market, thanks to the city’s openness to international buyers, strong infrastructure, and tax-friendly policies. And around 2 million Indians are already living in Dubai, making it a favourite place to lead a smart lifestyle where everything is crafted to meet perfection.
Here’s everything you need to know if you’re an Indian planning to invest in Dubai’s property market.
Step-by-Step Process for Indians Buying a House in Dubai
The process is straightforward, and you can complete most steps even if you’re based in India.
1. Identify the Property
- Decide whether you want a ready-to-move-in property or an off-plan project (under construction).
- Research locations and developers based on ROI, lifestyle needs, and future appreciation potential.
2. Check Eligibility
- Any adult Indian citizen with a valid passport can purchase property in Dubai.
- You don’t need UAE citizenship or residency to buy.
3. Open a UAE Bank Account (Optional)
- Many buyers transfer funds directly from their Indian bank, but opening a UAE account makes transactions and payments smoother.
4. Pay the Booking Amount
- For off-plan projects, the usual percentage is 5–20% of the property value at the time of booking
- For ready properties, a sales agreement is signed, and a deposit (often 10%) is required to pay
5. Sign the Sales Agreement (MoU)
- The buyer and seller (or developer) sign a Memorandum of Understanding (Form F), outlining terms, payment plans, and handover dates.
6. Pay the DLD Fees
- The standard transfer fee charged by the Dubai Land Department is 4% of the property’s value.
- There may be an admin fee of AED 2,000–4,000 depending on the transaction.
7. Final Payment & Transfer of Title Deed
- Once payments are completed, the DLD issues a Title Deed, officially registering you as the property owner.
Be Alert: Costs to Keep in Mind
Besides the property price, budget for:
- DLD transfer fees (4% of property value).
- Registration charges (usually AED 2,000–4,000).
- Service charges and maintenance fees (varies by community).
- Optional furnishing and fit-out costs.
