The process of buying property in Dubai is straightforward. First, the buyer and seller agree on the price and sign a Memorandum of Understanding (MOU). A 10% deposit is usually paid to secure the deal. The buyer then obtains a No Objection Certificate (NOC) from the developer, and finally, the property transfer takes place at the Dubai Land Department (DLD). Full payment must be completed before the transfer is finalized. The entire process typically takes 2–4 weeks, depending on the property type and financing.

For individuals, the documents typically include a valid passport, Emirates ID (if resident), and a signed Memorandum of Understanding (MOU). If you’re financing the purchase, additional documents like salary certificates, bank statements, and loan pre-approval may be required. For corporate buyers, trade licenses, shareholder certificates, and board resolutions are often necessary. All documents should be in English or Arabic, and any foreign papers may need to be notarized and attested.

Yes, many developers allow buyers to resell their off-plan property before completion, a practice known as property flipping. However, this usually depends on the developer’s policies. Most require a certain percentage (e.g., 30–40%) of the total property price to be paid before issuing a NOC for resale. Keep in mind, resale buyers must also pay a 4% DLD fee and other administrative costs. Flipping can be profitable, but it’s important to assess market demand and payment timelines.

While the UAE real estate market is mature and regulated, risks still exist. These may include project delays, developer insolvency, over-supply in certain areas, or fluctuating rental yields. It’s essential to work with RERA-approved agents, buy from trusted developers, and conduct proper due diligence. Off-plan buyers should always verify that the developer is registered with the DLD and that the project is listed with the Oqood system for protection.

Yes, property owners in Dubai can lease their units for short-term rentals through platforms like Airbnb or Booking.com. However, you must obtain a short-term rental permit from Dubai’s Department of Economy and Tourism (DET). The process includes registering your unit, paying a licensing fee, and complying with health and safety regulations. Short-term rentals can offer higher returns in tourist-heavy areas but require active management or partnership with a licensed holiday home operator.