How to buy property in Dubai from Spain?

Are you a Spanish investor looking to buy property in Dubai from Spain? You're not alone. With its world-class infrastructure, high rental yields, tax-free environment, and investor-friendly laws, Dubai has become a magnet for international buyers including

many from Spain. We’ll walk you through the entire process of buying property in Dubai from Spain, step by step. From legal requirements and financing to choosing the right property and transferring ownership, we’ve covered everything you need to know. Dubai's booming real estate market attracts investors worldwide, including those from Spain. With tax benefits, high rental yields, and a stable economy, buying property in Dubai is an excellent investment opportunity

Why Buy Property in Dubai from Spain?

Before we dive into the process, let’s explore why so many Spanish investors are interested in Dubai real estate:

• No property tax or capital gains tax
• High rental yields, often between 6%–9%
• 100% foreign ownership in designated areas
• A wide range of luxury and affordable properties
• Stable and growing property market
• Access to Golden Visa opportunities for long-term residency
• A convenient location between Europe, Asia, and Africa

Now let’s break down how to buy property in Dubai from Spain step by step.

Legal Process for Buying Property in Dubai from Spain

Step 1: Research the Dubai Real Estate Market

• Identify preferred locations (Downtown Dubai, Palm Jumeirah, Dubai Marina, etc.).
• Compare property prices, rental demand, and future growth potential.
• Use platforms like Bayut, Property Finder, and Dubizzle for listings.

Step 2: Budgeting & Financing Options

Determine your budget (consider additional costs like registration fees, agent commissions, etc.). Spanish buyers can:

• Pay in cash (common for investors).
• Secure a mortgage from UAE banks (requires 25-50% down payment for foreigners).
• Obtain financing from Spanish banks (check international mortgage options).

Step 3: Hire a Real Estate Agent (Optional but Recommended)

• A licensed Dubai real estate agent can help with legal checks, negotiations, and paperwork.
• Ensure the agent is RERA (Real Estate Regulatory Agency) registered.

Step 4: Select a Property & Conduct Due Diligence

• Verify property ownership via the Dubai Land Department (DLD).
• Check for any outstanding mortgages or liens.
• Review the Title Deed and No Objection Certificate (NOC) from the developer (if off-plan).

Step 5: Make an Offer & Sign the Memorandum of Understanding (MoU)

• Negotiate the price with the seller.
• Once agreed, sign an MoU (a preliminary sales agreement) and pay a deposit (usually 10%).

Step 6: Finalize the Sale at the Dubai Land Department (DLD)

Both buyer and seller must visit the DLD or an authorized typing center. Submit required documents:

• Passport copies (buyer & seller).
• Sale agreement (MoU).
• Proof of payment (bank transfer receipts).
• Pay the 4% DLD transfer fee (typically split 50-50 between buyer and seller).
• Receive the Title Deed under your name.

Step 7: Registering Utilities & Property Management

• Apply for DEWA (Dubai Electricity & Water Authority) connection.
• If renting out, consider hiring a property management company.

Legal Considerations for Spanish Buyers

1. Property Ownership Laws in Dubai

• Freehold Areas: Foreigners can own property outright in designated zones (e.g., Palm Jumeirah, Business Bay).
• Leasehold: Some areas allow 99-year lease agreements.

2. Taxes & Fees

• 4% DLD Transfer Fee (one-time).
• Agent Commission (2%) (if applicable).
• Annual Service Charges (for maintenance in communities).

3. Golden Visa Eligibility

Buying a property worth AED 2M+ grants a 5-year residency visa.

4. Power of Attorney (PoA)

If you can’t be present in Dubai, appoint a legal representative via a notarized PoA.

Financing Options for Spanish Investors

1. UAE Bank Mortgage

• Eligibility: Minimum salary AED 15,000-25,000 (varies by bank).
• Loan-to-Value (LTV): 50-75% for expats.
• Required Documents: Passport, proof of income, bank statements.

2. Spanish Bank Financing

• Some Spanish banks offer international mortgages for Dubai properties.
• Compare interest rates and terms.

3. Developer Payment Plans

Off-plan properties often offer installment plans (e.g., 70/30 or 50/50 payment structures).

Post-Purchase Steps

A. Renting Out Your Property

• Register with Ejari (Dubai’s rental system).
• Hire a property management company if needed.

B. Selling the Property in the Future

• Capital gains are tax-free in Dubai.
• Follow the same DLD transfer process.

Common Mistakes to Avoid

• Not verifying the developer’s reputation (especially for off-plan).
• Skipping legal checks on property ownership.
• Underestimating additional costs (service charges, maintenance).

Buying property in Dubai from Spain is a straightforward process if you follow legal steps, conduct due diligence, and work with trusted professionals. With no property taxes, high rental yields, and residency benefits, Dubai remains a top choice for Spanish investors.

Next Steps:

• Contact a RERA-licensed agent in Dubai.
• Consult a legal advisor for cross-border transactions.
• Visit Dubai to inspect properties before purchasing.

Dubai’s Real Estate Market VS Spain’s

For investors looking to buy off-plan properties in Dubai, the market offers distinct advantages over Spain, including higher rental yields (5-8%) and zero property taxes. Unlike Spain’s stricter regulations, Dubai off-plan properties provide freehold ownership in prime areas, attracting global buyers. While Spain’s market is stable, off-plan real estate Dubai benefits from rapid infrastructure growth and high demand. Mega-projects like Dubai Creek Harbour and new off-plan properties for sale in Dubai ensure long-term appreciation. For higher returns and flexibility, Dubai’s market is the clear winner.

Key Growth Drivers in Dubai's Real Estate Market:

The surge in demand for off-plan projects in Dubai is fueled by business-friendly policies like 100% foreign ownership and tax-free income. Landmark developments such as Palm Jumeirah and Mohammed Bin Rashid City make off-plan property investment Dubai highly lucrative. The Golden Visa program further boosts interest in new residential projects in Dubai, offering residency to investors. Tourism and a growing expat population ensure steady rental demand. With off-plan property developers in Dubai launching innovative projects, the market shows no signs of slowing down.

Enjoy a Luxurious Lifestyle

Investors who buy off-plan properties in Dubai gain access to luxury living, from private beaches to high-end retail and dining. Iconic areas like Downtown Dubai and Palm Jumeirah feature pre-construction properties in Dubai with world-class amenities. Residents enjoy tax-free income, safety, and year-round sunshine, enhancing quality of life. Whether for personal use or rental income, new off-plan properties for sale in Dubai deliver both financial and lifestyle benefits. Dubai’s unmatched infrastructure makes it a top choice for discerning buyers.

Choose Eplog Offplan in Your Real Estate Journey

As a leader in off-plan real estate Dubai, Eplog Offplan specializes in high-ROI off-plan projects in Dubai across prime locations. Their expertise covers everything from legal checks to post-purchase management for new residential projects in Dubai. With exclusive ties to top off-plan property developers in Dubai, Eplog offers flexible payment plans and premium pre-construction properties in Dubai. Trust their team to secure the best deals in this dynamic market.