Dubai is one of the few major cities where a foreign national can own a home outright. Freehold ownership in the designated areas has been open to all nationalities since Dubai's Law No. 7 of 2006, the title deed is issued by the Dubai Land Department in your own name, and you do not need to live in the UAE, hold a residence visa or use a local partner to buy. Prices are in dirhams, the dirham has been pegged to the US dollar at 3.6725 since 1997, and there is no annual property tax. The Land Department recorded AED 252 billion of real estate transactions in the first quarter of 2026 alone, up 31% on the year, and the buyers behind those numbers come from more than a hundred countries.
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