Can I Buy Property In Dubai If I Am An Indian?

It seems that no matter which country you are from, you have the ability to buy property in Dubai. The UAE and Dubai have made it quite simple for ex-pats of all nationalities to buy property in their city and country.

However, for citizens of some countries, their process is a bit more difficult than for others. You would have to check into the laws of your native land before you can make your investment. This holds true for the citizens of India.

Dubai Flat Price In Indian Rupees

Prices change over the years and right now the value of Dubai properties is going up. This is a good time to buy as the forecast is still good for the future when it comes to housing values.

You have to be good at the exchange rate to make sure that you do not violate the terms of the Liberalised Remittance Scheme. To remain under the foreign remittance boundary you can only invest up to 20,000,000 INR approx., each year.

That means you need to look for a flat in the range of 900,000 AED or less to meet your requirements. Many studio flats are selling for 450,000 to 650,000 AED and 1-bedroom flats are selling between 650,000 and 1.2 million AED.

That is if you are paying all cash. Those figures are putting you in the 1.23 to 2.28 CR range. The 2 bedroom flats are selling for 1.52 to 4.3 Cr and the 3 bedroom units are selling for 2.8 to 8.5 Cr.

How you work the financing and remain within the LRS regulations will be up to you.

Can An Indian Buy A House In Dubai

Yes, an Indian who is interested in either living and working or investing in Dubai property can buy a home in that city. However, there will be some hurdles they will have to cross before they can make their legal purchase.

The biggest hurdle is the Liberalised Remittance Scheme or LRS. What this scheme says is the following:

“The Liberalised Remittance Scheme is a scheme introduced by the RBI in 2004 that allows resident individuals to remit a certain amount of money outside India every financial year. This scheme was introduced to simplify the remittance process and encourage outward remittances. The scheme is available to all individuals, including minors, but is not available to companies, partnerships, HUFs, trusts, etc.”


“The limit under the Liberalised Remittance Scheme allows an individual to remit or send up to USD 250,000 per financial year, outside India, for any permissible current or capital account transaction or a combination of both. The scheme has certain eligibility criteria, and the remitter must fulfill all the necessary requirements to avail of the scheme. These criteria include having a PAN card, maintaining a bank account in India, and being a resident Indian.” (source).

On the Dubai end, you just have to make sure you know what you want to buy and that you work with a legal real estate agent in the city or one that complies with the RERA rules for estate agents.

If your Dubai portfolio reaches 10,000,000 AED or more, then you can apply for the 10-year golden visa Dubai offers all foreign real estate investors.

The Steps To Take To Invest In Dubai Real Estate

1. Know Your Purpose For Investing– Will it be to live in Dubai or use the property as an investment? This is a decision you need to make first before taking other steps.

This decision will guide your property search and help your estate agent get the proper paperwork in order.

2. Pick The Type Of Property You Want To Buy– You have several options available from apartments or flats to villas to townhouses. Also, you should pick the area you want your new property to be located.

Most are very good and offer the residents lots of amenities but not all are as valuable as Dubai Marina, etc.

3. Pick A Legal Real Estate Agent– Most Dubai estate agencies are legal but there are a few that are outside of the law and can take your money very easily. Make sure to check with the agency and RERA to see that the agency is legal and is current with all of the requirements it is to meet.

4. Create A Buyer Contract– Your legal estate agency will help you with this. After you pick the property you need a contract to buy which is a document that lays out all the negotiated conditions between the buyer and seller.

5. Sign The Agreement Of Sale– This is Form F from RERA and your estate agency should have them in their office or can get them quickly. Your estate agent will fill you in on all the details.

6. Apply For A NOC– This is done between the buyer and the developer and it is called a No Objections Certificate. It is mandatory to have so you cannot skip this step. It is usually granted freely unless there are some overdue payments due.

7. Register The Sale At The DLD– This is the Dubai Land Development office and it has its set of regulations that must be met before. All of this information should be made available to you by your estate agency. It is another step that can’t be skipped.

Some Additional Words

Buying property in another country for Indians is easy to do. The hardest part will be to meet the LRS regulations so the purchase will be legal. If you need help navigating this process, then give our company a call.

We have over 10 years of real estate experience in Dubai and in helping Indians invest in this great city. All it takes is one phone call to set up an appointment and you will get all the facts you need to make this step and keep everything nice and legal. Call today for expert help.

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