Real Estate

Key Terms & Regulations: What to know before buying a property in Dubai?

Key Terms & Regulations: What to know before buying a property in Dubai?

By 1998, Dubai has begun to permit foreign investors to purchase 99-year leases on properties, allowing the real estate sector to flourish. In 2002, a change was made to the law allowing non-nationals of the UAE to own property. Expats were allowed to own properties in the UAE for the first time. Contrary to popular belief, Dubai's economy is not only an oil-based economy. In fact, Dubai has focused...

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