Yes, foreigners can buy properties from Object 1 in designated freehold areas in Dubai, such as Jumeirah Village Circle (JVC) and Jumeirah Village Triangle (JVT). The process involves selecting a property, preparing necessary documents like a valid passport and proof of funds, and registering the property with the Dubai Land Department (DLD) to obtain the title deed.
Object 1 offers a diverse portfolio of properties in Dubai, including studios, one to three-bedroom apartments, and mixed-use developments. Their projects are known for innovative designs, high-quality construction, and modern amenities, catering to various lifestyle needs.
To assess the credibility of Object 1, consider their registration with the Real Estate Regulatory Agency (RERA), their track record of completed projects, financial stability, and customer reviews. Visiting their official website and consulting reputable real estate platforms can provide insights into their reputation and project quality.
Object 1 offers flexible payment plans for their properties. Buyers can choose to pay in cash or opt for mortgage financing through local banks, which may cover up to 50% of the property's value.
While owning property in Dubai doesn't automatically grant residency, investors may be eligible for a property investor visa, subject to specific criteria such as the property's value and compliance with the UAE's immigration regulations.
