*Travel Tips>>>United Arab Emirates Travel Tips

Can americans buy property in Dubi?

Travel Info
Can americans buy property in Dubi?

Travel Tips

Darlene,

Dubai is offering two types of properties for non-nationals (expats or non residing) i.e. 99 Year Lease hold & In the areas designated as Freehold.

Initial free hold property launch (2002) was not backed by legal framework for property ownership in the UAE. However, the recently announced Land Law by the Dubai government & the implementation of a comprehensive legal and regulatory framework has given confidence to all segments related to the business.

Dubai is first emirate to formally announce ownership rights to expatriates. Prior to this, land sale and purchase was only limited to UAE & GCC Nationals. However, with the new land law dominantly covers designated areas as set by the govt. This does not cover 鈥淥ld Dubai鈥?which is mainly held by UAE nationals.

Dubai real estate market is dominated by four key developers who are govt. backed. The freehold or long term lease designated areas are pre-allocated and all developments are completed by appointed contractors and handed over to customers upon completion. Source(s): Personal experiance
Other Travel Tips

Only if your a trader and its Dubai
DEFINITELY there is a huuuge investment thing going on at palminvestment.com; try to look on the internet as I am sure there are so many different deals going on there.
Good luck
T
i think they have already the opportunity to buy property in Dubai
Of course you can.
For more information an details please go to the links giving below:

http://archive.gulfnews.com/uae/uaessent...
http://archive.gulfnews.com/uae/uaessent...

Take care
UAE