Real Estate Transactions in the UAE – Cosmos Legal Guide
The United Arab Emirates (UAE) is one of the most attractive real estate markets in the Middle East, thanks to its modern infrastructure, investment-friendly economy, and property ownership opportunities for foreigners. Dubai and Abu Dhabi, in particular, have become global hubs for both living and investment.
However, property acquisition rules differ between emirates, making professional legal guidance essential. Cosmos Legal Law Firm assists Turkish investors in navigating UAE real estate transactions securely, legally, and efficiently.
1. Types of Property Ownership in the UAE
Property ownership is divided into two main types:
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Freehold: Grants foreigners indefinite ownership of the property, fully registered in their name.
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Leasehold: Provides a long-term lease, typically between 30 to 99 years; the buyer holds usage rights, not ownership.
Cosmos Legal advises clients on which type is legally and economically more advantageous.
2. Rights of Foreigners to Own Property
Foreigners can purchase property only in designated freehold zones:
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Dubai: Palm Jumeirah, Downtown, Business Bay, Jumeirah Village, etc.
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Abu Dhabi: Recent legislation (2019) allows full ownership for foreigners.
Regulations vary by emirate, and Cosmos Legal ensures compliance with local laws.
3. Property Purchase Process
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Property Selection: Through licensed real estate agents.
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Memorandum of Understanding (MOU): Preliminary agreement outlining the key terms.
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Deposit Payment: Usually 10% of the purchase price.
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Title Transfer: Dubai – Dubai Land Department (DLD); Abu Dhabi – Department of Municipalities and Transport (DMT).
Cosmos Legal provides legal support throughout contract preparation, title registration, and secure payment handling.
4. Fees and Costs
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Transfer Fee: Typically 4% of the property value (Dubai).
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Registration Fee: Paid during title registration.
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Service Charges: Maintenance and management fees.
The UAE does not impose capital gains tax or annual property taxes, making it highly attractive for investors. Cosmos Legal also provides guidance on financial planning and tax optimization.
5. Investment-Based Residency (Golden Visa)
The UAE offers a 10-year residency visa for investors:
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Minimum property investment: AED 2 million.
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Property must be registered in the investor’s name.
Cosmos Legal manages the entire legal process for Golden Visa applications linked to real estate investment.
6. Cosmos Legal Services in Real Estate
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Title deed research and ownership verification
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Preparation and review of sale agreements
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Freehold and leasehold advisory
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Financial and tax planning
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Title registration and notarization
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Golden Visa application support
Cosmos Legal works with local attorneys across Dubai, Abu Dhabi, Sharjah, and Ras Al Khaimah to ensure clients’ rights are fully protected.
Conclusion
The UAE’s strong legal framework and foreign investor incentives make it one of the most stable real estate markets in the region. Cosmos Legal provides Turkish citizens with professional, reliable, and transparent legal support throughout the property acquisition process.
