Question 1

Can foreigners buy property in Dubai Media City?

Accepted Answer

Yes, foreigners are allowed to purchase real estate in Dubai Media City as it is a freehold zone. Both individuals and companies registered in the UAE free zones are covered by this.

Question 2

How much do you need to purchase property to obtain a Golden Visa?

Accepted Answer

If you spend at least AED 2 million in one or more properties, you can get a Golden Visa for 5 or 10 years, which gives you permanent status.

Question 3

Does purchasing real estate in Dubai Media City come with extra costs?

Accepted Answer

Yes, there will be an AED 580 apartment admin charge, a 2% agency fee and a 4% DLD registration fee. The costs add up to about 6.5% of the buying price.

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