Can Turks Buy Houses in Dubai?
Yes, Turks can buy houses in Dubai. And it allows Turkish investors to step into an ocean of opportunities. Dubai’s main allure is diversity. This diversity is highlighted in nearly every sector, including real estate.
The only thing to consider while buying property in Dubai as a Turkish citizen is they can buy property in Dubai in some designated areas. The Dubai Emirate determines these areas. These areas include some of the most famous ones, including Palm Jumeirah.
There are some more procedures that investors should follow. But in brief, buying property in Dubai for Turkish buyers is an easy and smooth process. Turkish investors can even experience easier processes if they work with local professionals.
Everything About Buying Property in Dubai as Turks
Now, we will take a look at every aspect of investing in Dubai, starting from the requirements to buy property in Dubai to the benefits. Let’s start with the most asked questions.
What Are the Conditions for Turkish Citizens to Own Property in Dubai?
To complete the buying property in Dubai as a foreigner or Turkish citizen, they can get freehold ownership in designated areas. These areas are known as “freehold zones”.
After choosing a property in these areas, they must get approval from the Dubai Land Department. The department asks for several documents including the no-objection certificate.
Also, buyers should demonstrate their financial capability. They may be asked to provide proof of income.
What Is the Minimum Investment Required to Buy a House in Dubai?
In Dubai, there is no minimum value requirement for property purchases. The property value will depend on typical factors such as the location and features of the property.
But if investors want to get a UAE Golden Visa, the minimum investment requirement is 750.000 AED. We will mention this topic again later in our blog.
What Documents Are Required to Buy a House in Dubai?
There are some required documents while buying property in Dubai. These documents are:
- Valid residence visa or residence permission
- The Memorandum of Understanding (MoU) or Contract F.
- No Objection Certificate (NOC)
These are the general required documents. But you should not forget that these documents can vary.
Are There Any Restrictions for Turkish Nationals Purchasing a House in Dubai?
There are no laws blocking Turks from owning property in Dubai. Turks can buy property in Dubai easily when they follow the procedures.
Can Turks Get a Mortgage in Dubai?
Absolutely, yes. Turkish buyers can benefit from mortgages while buying property in Dubai. The mortgage is accessible for ready properties and properties whose construction completion is close.
What Visa is Needed to Buy a House in Dubai?
There is no visa needed to buy a house in Dubai. Both non-resident and resident foreigners can buy property in Dubai. But, to complete the procedures and view the houses, foreigners should have a visa allowing them to stay in Dubai.
Can I Get a Residence Permit If I Buy a House in Dubai?
There is no specific program allowing foreigners to get residence permits in Dubai, except the UAE Golden Visa. The UAE Golden Visa allows foreigners to get long-term residence permits by buying property.
With Golden Visa Dubai becomes more attractive for investors. The program adds more advantages to buying real estate in Dubai.
Dubai Golden Visa - Among the Best Benefits of Buying a House in Dubai
Dubai Golden Visa allows foreigners to get residence permits for 2-10 years with their purchased property. There are easy-to-follow conditions for this program. Dubai Golden Visa requirements are as follows with their questions:
What Are the Eligibility Criteria for Turkish Citizens to Apply for Dubai Golden Visa?
As the first matter to apply for a Golden Visa, Turkish citizens must be property owners in Dubai. Their property must be valued above the minimum requirement.
Then, they must prove their financial stability. They may provide documents for proof of income, bank statements, and any other financial documents.
Also, they must have a clean criminal record and health insurance. In addition, the additional documents can be asked for.
What Is the Minimum Investment Required for Turkish Citizens to Apply for Dubai Golden Visa?
For a 10-year residence permit, investors should buy a property valued at least 2.000.000 AED. The other option is getting a 2-year residence permit. For this, investors should buy a property valued at least 750.000 AED.
What Are the Benefits of Dubai Golden Visa for Turkish Citizen?
The main Dubai Golden Visa benefits are offering investors a new life. Starting from getting a residence in UAE, there are more advantages.
Golden Visa holders are allowed to work in the UAE. So, this program allows them to create new chances for their business life.
Furthermore, the family of investors are also given the same benefits. Investors’ spouses and children are also allowed to live in Dubai.
Also, they may more easily benefit from financial services in Dubai. They may get loans with better terms.
In addition to these, investors can get education benefits in Dubai. They and their family are enrolled more easily in educational institutions in Dubai.
Dubai - One of the Best Places to Be a Property Owner
In conclusion, Dubai is one of the best places to buy a house, for Turks and all foreigners. The profitable market, high house quality, and perfect atmosphere add more value to the property buying decision.
If you are also willing to buy a house in Dubai, working with a legal and professional company is suggested. It will give you more flexibility while understanding the dynamics of Dubai.
To learn everything about buying a house in Dubai, you may contact us to get expert tips and information.