Can Foreign Investors Buy Off-Plan Properties in Dubai?

Non-Resident Ownership

• Can non-residents buy off-plan properties in Dubai?

  Yes, non-residents can legally buy off-plan properties in Dubai, especially in designated freehold areas such as Business Bay, Downtown Dubai, Dubai Marina, and JVC. They don’t need UAE residency and can purchase directly from developers by providing:

  • A valid passport
  • Signed Sales Purchase Agreement (SPA)
  • Payment per the developer’s plan

• Do non-resident buyers need a UAE bank account to purchase an off-plan property?

  No, having a UAE bank account is not mandatory. Most developers accept international bank transfers, and payments can be routed through escrow accounts regulated by the DLD. However, opening a UAE bank account may simplify future payments and mortgage options. 

• Are non-resident buyers eligible for mortgage financing for off-plan properties?

  Yes, but mortgage options for non-residents are more limited compared to UAE residents. Most banks require:

  • Minimum down payment (often 50%)
  • Strong credit history in the buyer’s home country
  • Property purchased from an approved developer

• Are there any restrictions on the number of properties a non-resident can buy in Dubai?

  No, there are no restrictions on the number of properties non-residents can purchase, as long as the properties are in designated freehold zones. Investors can own multiple residential or commercial units, including off-plan and ready properties. 

• Can a non-resident rent out or sell their off-plan unit after purchase?

  Yes, once the off-plan unit is either:

  • Registered under your name (via Oqood or Title Deed)
  • Completed and handed over

  You can rent it out or resell it, subject to the developer’s terms and the Dubai Land Department’s regulations.