Buying a villa in Dubai is not only an investment in comfort and status, but also a procedure that requires compliance with certain legal formalities. UAE legislation allows foreigners to purchase real estate in specially designated areas such as Palm Jumeirah, Dubai Marina, Downtown Dubai, JVC and others. However, in order for the transaction to go smoothly, it is important to prepare all the necessary documents in advance.
Purchase procedure
The process of Villa to buy in Dubai is quite transparent and streamlined, especially with the participation of licensed agencies. However, it is better to know in advance what documents you will need to save time and avoid delays.
If you are an individual, the list of documents is as follows:
- passport — this is the main document confirming your identity. The passport must be valid at the time of the transaction;
- copy of the UAE visa or entry stamp — if you are already in the country, a copy of the visa or entry stamp in the passport is sufficient;
- contact information — current phone number, e-mail and residential address. This information is entered into the transaction documents.
Bank certificate of solvency or confirmation of source of funds. For cash payments, a confirmation of the transfer is usually sufficient. When purchasing through a mortgage, the bank provides a package of documents confirming the approval of the loan.
If you are buying a villa with a mortgage, you must also provide:
- approval from the bank;
- financial documentation, including income certificates, bank statements, credit history and documents related to employment or business.
For companies purchasing real estate in Dubai, the list of documents is more extensive:
- constituent documents of the company;
- certificate of registration;
- resolution of the board of directors on the purchase of the property;
- power of attorney for the representative signing the documents;
- passport details of the authorized person.
After all the necessary documents are prepared, the transaction is carried out, which usually includes signing a sales contract, paying an advance, and then full payment and registration of ownership in the Dubai Land Department.
The registration is completed by issuing a Title Deed — an official certificate of ownership registered in your name. From this moment on, you become the full owner of the villa. To facilitate the process, it is recommended to cooperate with a licensed realtor and legal consultant who will monitor the purity of the transaction and compliance with all stages.