What documents do I need to buy a house in Dubai?

Foreigners holding residence visas or non-residence visas are free to buy and sell Dubai real estate. According to the case of Dubai government's law in 2000, non-Dubai residents can also buy, own and sell real estate, and the rules and conditions they need to abide by are the same as those of local residents or citizens. Dubai tourist visa can also be used for real estate purchase, and the specific operation and situation need the assistance of overseas professional real estate consultants.

China investors need to provide a manager's check as a deposit when buying a house, so they need to open an account in a local bank in Dubai. If you don't have a manager's check, Atomic Energy Real Estate will also add a manager's check to provide customers with purchases. Whether you have a local residence visa or not, you need to maintain a good credit record. Buyers with tourist visas need to have enough down payment. Remember that RMB cannot be circulated locally in Dubai. It is best to bring dollars or euros into the country, or use online transfer to convert RMB into dirham transactions.

China citizens holding a residence visa in Dubai can apply for bank loans. The major banks in Dubai have different interest rates, years, down payment ratio and salary requirements. The general interest rate is between 3.49% and 7.56%, and the maximum loan can be 75%. If it is easier and faster for buyers with tourist visas, second-hand housing transactions can be moved in or rented by paying the full amount and various transfer fees. According to the requirements of the developer, the down payment of the auction house is generally only 5- 10% of the house price, and the rest can also be traded online.