Can an Overseas Company Buy Property in Dubai?

 Dubai has long been a magnet for international investors due to its strategic location, tax-free environment, and robust real estate market. One of the common queries from corporate investors is: can an overseas company buy property in Dubai? The answer is yes, but with specific conditions and processes that must be followed.

Legal Framework for Corporate Ownership

The Dubai Land Department (DLD) permits property ownership by foreign companies, but only in designated freehold areas such as Downtown Dubai, Business Bay, Dubai Marina, Palm Jumeirah, and others. However, not all overseas companies are eligible. The DLD recognizes only entities registered in certain approved jurisdictions—mainly offshore jurisdictions like the Jebel Ali Free Zone (JAFZA), the British Virgin Islands (BVI), Cayman Islands, and a few others.

If your company is registered in one of these approved jurisdictions, it can legally own property in Dubai, provided proper documentation and compliance are ensured.

Steps to Follow

  1. Verify Jurisdiction
    First, determine if your overseas company is incorporated in a jurisdiction approved by the DLD. If not, consider setting up an offshore company in one of the recognized zones like JAFZA or Ras Al Khaimah International Corporate Centre (RAK ICC).

  2. Due Diligence and Documentation
    You’ll need to submit incorporation documents, board resolutions approving the purchase, shareholder details, and more. All documents must be notarized and attested.

  3. Property Selection and SPA
    Once verified, you can choose a property in a freehold area and sign a Sales and Purchase Agreement (SPA) with the developer or seller.

  4. DLD Registration
    After the SPA is signed and payment is made, the transaction must be registered with the Dubai Land Department. The company will be listed as the legal owner of the property.

Benefits of Buying Through an Overseas Company

  • Asset protection and confidentiality

  • Tax planning advantages

  • Ease of transfer or sale through corporate share transfer

  • Ideal for multi-owner or group investments

Final Word

So, can an overseas company buy property in Dubai? Yes, with the right structure and proper legal assistance, it is entirely possible. Engaging a Dubai-based legal consultant or real estate advisor can streamline the process and ensure full compliance with all regulations.

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