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Tarek
Beginner
( 3 posts )

[4 Answers]
I have a residency in Kuwait & I would like to by a freehold property.
Is that possible in Sharjah ?? or only Dubai / Abu Dhabi accept GCC residents ??

260 days ago In Buying Laws & Regulations
Zeeshan Khan
Senior Authority
(731 posts)
Hi,

Gcc nationals can buy property in any emirates of uae.

Regards,
Zeeshan khan
260 days ago 

Tarek
Beginner
(3 posts)
Dear Zeeshan,
Thanks for your quick response, but I'm not a GCC national, I'm a GCC resident, Arabian Nationality living in GCC since a very long time.

Is owning a freehold property in Sharjah is allowed for me as per Sharjah lows ?? or only in Dubai & Abu Dhabi ??
259 days ago 

Tarek
Beginner
(3 posts)
Thanks Madiha ... appreciate your quick clear feedback.
258 days ago 

Madiha
Expert Contributor
(387 posts)
Hi Tarek,

All foreigners in the world can buy property in freehold areas of UAE. I would like to mention here that in Sharjah there are no freehold areas but government has plans to open some of its areas to foreigners for property investment in future.

Currently, you can only buy property in any of the freehold areas in Dubai and Abu Dhabi. Since the price of property in UAE is low, buying property here now and selling it in future at high price can give you high capital gains.

If you want to ask anything else, please feel free to ask anytime.

Regards,
Madiha
257 days ago 

(4 Answers)