Real Estate in the UAE
Last updated on Nov 27, 2021
Summary: People living in UAE offer advice about real estate. How do you find a home in UAE? Should you buy or rent? What is the cost of housing?
What is a typical expat home or apartment like in the UAE?
"Villa; no. Most live in apartments or townhouses; some live in villas (equivalent to a single family house)," explained one expat living in Abu Dhabi, UAE.
What is the average cost of housing in the UAE?
If you are thinking about moving to the UAE, cost of living in probably a key consideration. Expats commented about the cost of housing:
"Much Much higher. A four-bedroom house or apartment in a convenient area can cost $100,000 a year. Most expats negotiate a relocation package where their employer pays for their housing," explained one expat living in Abu Dhabi, UAE.
What do I need to know when buying property in the UAE?
When we asked expats what advice they would give a foreigner before buying a property in the UAE, they said:
"Be very careful who you putchase from. Be aware and well versed in the UAE laws and be very careful if choosing to buy prooerty off plan," said another in Dubai.
"Be careful of the planned purchases. I know several people who lost hundreds of thousands of dollars because they invested inthe plan and the developer went under. They did not give any money back. No lawyers can help. However, the risk is you get the property for way cheaper. Do the research on the developer and ensure they are on the up an up. Otherwise, purchase as is and enjoy," explained one expat in Dubai.
Are foreigners allowed to own property in the UAE?
When we asked expats what advice they would give a foreigner before buying a property in the UAE, they said...
"Yes. Expats cannot become full property owners and they cannot get permanent residence, so its usually contracted as a 100 year lease or something similar," said another person in Dubai.
About the Author
Betsy Burlingame is the Founder and President of Expat Exchange and is one of the Founders of Digital Nomad Exchange. She launched Expat Exchange in 1997 as her Master's thesis project at NYU. Prior to Expat Exchange, Betsy worked at AT&T in International and Mass Market Marketing. She graduated from Ohio Wesleyan University with a BA in International Business and German.
Some of Betsy's articles include 12 Best Places to Live in Portugal, 7 Best Places to Live in Panama and 12 Things to Know Before Moving to the Dominican Republic. Betsy loves to travel and spend time with her family. Connect with Betsy on LinkedIn.
- What do I need to know before moving to the UAE?
- How do I find a place to live in the UAE?
- What is a typical expat home or apartment like in the UAE?
- What is the average cost of housing in the UAE?
- Should I buy or rent a home in the UAE?
- What should I pack when moving to the UAE?
- What cultural faux pas should I try to avoid making in the UAE?
- Why do people move to the UAE?
- How are healthcare services the UAE?
- What are medical services in the UAE like?
- What are typical rents in the UAE?
- What appliances are typically included in a rental?