by Kingdom By MAG 
Legal Considerations of Dubai Real Estate You Should Be Aware Of Before Buying
Dubai’s real estate sector has firmly positioned itself on the global map, attracting international buyers, high-end property investors, and business stakeholders. However, to navigate this dynamic market successfully, it’s essential to understand the key elements such as ownership rights, residency privileges, and the legal framework governing property transactions.
At Kingdom by MAG, a sister company of MAG Group Holding and MAG Property Development, we take pride in offering some of the most prestigious residential projects, including MBL Residence, MBL Royal, and our latest development, MBL Signature, all located in the highly desirable Jumeirah Lakes Towers (JLT) area. These properties embody the best in modern living, offering not only a comfortable lifestyle but also an excellent return on investment.
In this article, we will explore the legal aspects of Dubai real estate, the benefits of the Golden Visa, and take an in-depth look at MBL Residence, MBL Royal, and MBL Signature.
Everything You Need to Know About Ownership of Real Estate in Dubai
1. What is the Foreign Ownership Rule in Dubai?
Dubai offers an attractive market for foreign investors due to its investor-friendly policies. Non-resident buyers can invest in residential and commercial properties in designated freehold zones.
Freehold vs. Leasehold Explained:
- Freehold: In this arrangement, the buyer owns both the property and the land beneath it. Freehold properties are located in specific areas such as Downtown Dubai, Dubai Marina, and Jumeirah Lakes Towers (JLT).
- Leasehold: With leasehold properties, the buyer does not own the land, but can lease it for a long term (usually 99 years).
At Kingdom by MAG, we specialize in developing freehold properties that provide investors with full ownership, securing their investment in Dubai’s rapidly developing market.
2. Established Freehold Zones
Foreign buyers can purchase properties in freehold zones, which include some of the most prestigious areas of Dubai, such as:
- Palm Jumeirah
- Downtown Dubai
- Dubai Marina
- Jumeirah Lakes Towers (JLT)
Our MBL Residence, MBL Royal, and MBL Signature developments are located in Jumeirah Lakes Towers (JLT), a prime area that combines luxury, convenience, and great investment potential. These projects are perfect for both new and seasoned investors.
3. What the Dubai Land Department (DLD) Does
The Dubai Land Department (DLD) is the regulatory body overseeing all real estate activities in the city. Buyers and sellers must register their properties with the DLD to validate the exchange and receive the title deeds. The DLD also manages disputes and supervises developers to ensure projects meet the necessary legal standards.
Legal Procedures in Real Estate in Dubai
1. How to Purchase Real Estate
Investing in Dubai is relatively simple from a legal perspective. Below are the general steps involved:
- Pick a Property: Choose a reliable realtor or developer like Kingdom by MAG.
- Obtain a Mortgage: Foreign buyers can typically obtain financing from local banks, with loans covering 60-70% of the property value.
- Complete the Sale Agreement: Once you’ve selected your property, the buyer and seller sign a formal agreement for sale.
- Make the Initial Payment: The standard process includes an initial 10% deposit.
- Register the Property: After payment, the property is registered with the Dubai Land Department, and the buyer receives the title deed.
- Complete the Sale: Once registration is completed, the ownership of the property is officially transferred.
2. The Role of Notary and Escrow Accounts
In Dubai, notary signatures are required for the sale of real estate. Additionally, developers must maintain escrow accounts, where buyer funds are held and only released when agreed-upon construction milestones are met.
Golden Visa and Residency Benefits
1. What is the Dubai Golden Visa Offer?
The Dubai Golden Visa program is aimed at foreign investors who wish to secure long-term residency in the UAE in exchange for investments in real estate or business ventures.
2. Qualification Criteria for the Golden Visa
To qualify for the Golden Visa, investors must meet specific investment thresholds:
- Property Investment: A minimum of AED 2 million must be invested in real estate located in the designated freehold zones of Dubai.
- Business Investment: Entrepreneurs and business investors can also qualify by making significant contributions to the UAE economy.
Luxury properties such as MBL Signature, MBL Residence, and MBL Royal offer investors a perfect opportunity to qualify for the Golden Visa.
3. Perks of Having a Golden Visa
- Residency: The visa allows for 5- or 10-year residency in the UAE.
- Family Sponsorship: Investors can sponsor their family members for residency.
- Tax Advantages: The UAE does not charge taxes on income or capital gains, making it a highly attractive place to live and work.
- Business Ownership: Golden Visa holders are permitted to own 100% of their business in the UAE.
Taxes and Costs of Properties in Dubai
Dubai’s tax regime is one of the most attractive aspects for foreign investors. Key fees include:
- Property Registration Fee: Typically 4% of the property’s value, split between the buyer and the seller.
- Maintenance Fees: Buyers are required to pay annual maintenance fees for communal services, which vary based on the property’s size and location.
- No Capital Gains Tax: One of the standout features of Dubai’s real estate market is the absence of capital gains tax on property sales.
MBL Residence, MBL Royal, and MBL Signature
At Kingdom by MAG, we take pride in our exclusive developments: MBL Residence, MBL Royal, and MBL Signature. These luxury properties represent the best that Dubai’s real estate market has to offer and promise excellent opportunities for investors.
1. MBL Residence
Located in Cluster K, JLT, MBL Residence is a standout project offering modern design, exceptional amenities, and panoramic views. Due to its high demand, MBL Residence is now sold out.
Key Features:
- 1- and 2-bedroom luxury apartments
- State-of-the-art fitness center and swimming pool
- Panoramic views of Dubai Marina and JLT
- Smart home technology integrated into each unit
MBL Residence is not only a prime living destination but also a superior investment opportunity, with high rental yields and long-term capital appreciation.
2. MBL Royal
Building on the success of MBL Residence, MBL Royal offers a more luxurious and exclusive living experience. Located in JLT, this project has been sold out due to its high demand and unparalleled amenities.
Key Features:
- 3- and 4-bedroom units with spacious layouts
- High-end finishes and luxury designs
- 24-hour concierge and valet services
- Access to premium health and wellness facilities
Investing in MBL Royal provides a property in one of the most coveted locations in Dubai, ensuring long-term capital growth and consistent rental income.
3. MBL Signature
Our latest project, MBL Signature, is a symbol of innovation and luxury. Located in the heart of JLT, MBL Signature features breathtaking views, stunning apartments, and world-class facilities.
Key Features:
- 1, 2, and 3-bedroom luxury apartments
- Contemporary interiors and stylish exteriors
- Private clubhouse, swimming pool, and fitness center
- Direct access to Sheikh Zayed Road
Currently, MBL Signature is more than 50% sold, reflecting the strong demand for high-end real estate in Dubai. This project combines practicality with extravagance, making it an ideal investment for those seeking a stake in Dubai’s thriving property market.
Conclusion
Understanding the legal considerations of Dubai real estate, such as ownership regulations, taxes, and residency benefits like the Golden Visa, is crucial to making a successful investment. Kingdom by MAG provides the best opportunities for real estate investment with developments like MBL Residence, MBL Royal, and MBL Signature, which promise not only luxury living but also great investment returns.
Whether you’re looking for a long-term investment property or seeking to secure your Golden Visa, Kingdom by MAG offers the expertise and reliability to help you achieve your goals. Our developments in JLT are among the best that Dubai has to offer, and with the increasing demand for luxury real estate, acquiring one of these properties ensures a strong return on investment and a stake in Dubai’s future growth.
Get in Touch with Kingdom by MAG:
📧 Email: info@kingdombymag.ae
📞 Phone: +971 58 555 9090
📍 Address: Office/Retail No 13, Cluster K, Jumeirah Lakes Towers (JLT), Dubai
For more information about our developments and how you can benefit from Dubai’s real estate market, visit our official website: [www.kingdombymag.ae]
