Expat Real Estate Investment in UAE

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Types of Real Estate in UAE
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Oil has been the main source of income in the UAE
for decades together.
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However, since of late there has been a shift of
focus to other industries as a source of revenue
and income.
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Real Estate, among other industries is one such
area of interest, deemed to be a key sector as a
source of revenue in the future.
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A little more than a decade ago, locals were
allowed to buy, sell and transfer ownership of
land across the UAE.
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And recent changes in legal restrictions opened
up avenues for foreign investment in freehold
plots in investment areas across the Emirates.
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These changes allowed expats to purchase freehold
property.
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However, only GCC nationals were allowed the
right to the freehold title of their property.
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Non-GCC expats had access to invest in property
in two ways

• Usufruct, and
• Musataha.

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Usufruct allows expats to benefit from a property
owned by a third party.
Conditions restrict these owners from making any
changes to the property.
This type of ownership lasts for a period of 99
years and is common in the purchase of
apartments.
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Musataha allows the buyer to benefit from the
land owned by a third party.
They buyer gets ownership for 50 years, which can
be extended by mutual agreement.
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This is common in the purchase of villas and
investment land.
The owner has the right to use the land for
development, to sublet and to take a mortgage.
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Visit yellowpages-uae.com to know Expat Real
Estate Investment in UAE