Can Turks Buy Houses in Dubai?
One key point to note is that foreign investors, including Turkish nationals, can only buy property in specific areas designated by the Dubai Emirate. These designated zones include some of the most iconic locations, such as Palm Jumeirah.
While there are certain procedures that Turkish investors, like other foreign buyers, must follow, the overall process of purchasing real estate in Dubai is straightforward and efficient. Working with local experts can further simplify the experience, making property acquisition even more seamless.
Turkish citizens are eligible to purchase property in designated freehold areas in Dubai. These are specific zones where the Dubai government allows foreign nationals to acquire full ownership of real estate. Popular areas such as Palm Jumeirah, Dubai Marina, Downtown Dubai, and Jumeirah Village Circle are among these freehold zones. There is no residency requirement for buying property; a valid passport and the completion of official sales and registration documents are sufficient. The purchasing process is generally quick and efficient, with no nationality-based restrictions for Turkish buyers. Collaborating with professional real estate consultants can help ensure a smooth and secure investment journey.
The minimum investment required to purchase a property in Dubai varies depending on the location, type of property, and the features of the project. Generally, the starting price for a studio apartment in a freehold area is around 150,000 – 200,000 AED (approximately $40,000 – $55,000 USD). However, prices can be significantly higher in luxury areas or branded developments. For those looking to invest with the goal of obtaining a residence visa, the property must be worth at least 750,000 AED (around $200,000 USD). This level of investment qualifies the buyer for a residency permit. Dubai’s real estate market offers a wide range of options to suit different budgets, and with the right guidance, it’s possible to find affordable properties with high investment potential.
Passport
Valid visa or residence permit
Memorandum of Understanding (MoU)
No Objection Certificate (NOC)
The documentation required for Turkish citizens to purchase property in Dubai is straightforward, and the process is generally quick. For individual buyers, a valid passport is typically sufficient. During the transaction, the buyer will be asked to provide a reservation form, the Sales and Purchase Agreement (SPA), and any documents related to the payment plan. If the purchase is being made under a company name, additional documents such as the company’s incorporation papers, passports of authorized signatories, and power of attorney documents will be required. At the time of property registration, certain official forms provided by the Dubai Land Department must be signed. If the payment is made through a bank transfer, supporting documents such as proof of funds and identity verification may also be necessary. Working with a professional real estate consultant helps ensure all documents are properly prepared and the process runs smoothly.
There are no specific restrictions for Turkish citizens when purchasing property in Dubai. However, foreigners are only allowed to buy property in designated areas known as “freehold areas,” which are specified by the Dubai Emirate. In these areas, foreign investors are granted full ownership rights. Popular locations such as Palm Jumeirah, Dubai Marina, and Downtown Dubai fall under this category. Outside of these areas, Turkish citizens, like other foreign investors, can only purchase property in the designated freehold zones. While there are official procedures that investors must follow when purchasing property, the process is generally quick and straightforward.
Turkish citizens are eligible to obtain a mortgage in Dubai, but certain conditions must be met. Banks in Dubai typically require a higher down payment from foreign buyers, which usually ranges between 20% to 25%. To apply for a mortgage, foreign buyers must have a valid visa or residence permit in Dubai, provide proof of a stable income, and have a solid financial history. Additionally, to get the mortgage approved, buyers must meet certain income criteria and ensure that the property in Dubai meets the bank’s collateral requirements. Therefore, while Turkish citizens can use a mortgage to buy property in Dubai, they must adhere to specific conditions and procedures.
Turkish citizens wishing to buy property in Dubai typically need to have a tourist visa or a residence permit. However, for those looking to obtain a residence permit based on their property purchase, it is possible to apply for a property investor visa. This visa is usually valid for two years and is available for property purchases valued at 750,000 AED (approximately 200,000 USD) or more. The property investor visa grants the holder the right to reside in Dubai and may also include family members. After purchasing property, this residence permit simplifies the process of living in Dubai and strengthens the connection to the country. It is recommended that investors work with local authorities and real estate consultants for visa applications and the entire process.
Foreign investors who purchase property in Dubai can obtain a residence permit under certain conditions. Dubai offers a property investor visa, which is granted when purchasing a property valued at 750,000 AED (approximately 200,000 USD) or more. This visa is typically valid for 2 years and allows the investor to reside in Dubai. In some cases, family members can also be included under this visa. However, this residence permit is linked to the property investment and does not provide permanent residency rights. It is recommended that investors seek assistance from local real estate consultants and official authorities when applying for the residence permit.
Property in Dubai
