Do I have to sell my property in Dubai when I leave the country?






No, you are not obligated to sell your property in Dubai when you leave the country. Whether you choose to sell your property or retain ownership is entirely up to your personal preference and circumstances. Dubai allows property owners, including foreigners, to own properties and retain ownership even if they are not residing in the country.

 

However, there are a few factors you may want to consider before making a decision - 

 

Maintenance and Management

Owning a property requires ongoing maintenance and management. If you plan to leave the country for an extended period, you need to ensure that you have arrangements in place for property maintenance, such as hiring a property management company or entrusting it to a reliable individual.

 

Rental Income

If you decide to retain ownership of your property, you have the option to rent it out and generate rental income. Renting out your property can help cover the costs associated with owning the property, such as mortgage payments, service charges, and maintenance expenses.

 

Property Market Conditions

Consider the current and future property market conditions in Dubai. If you believe that property prices are expected to appreciate over time, you may choose to hold onto your property as an investment and sell it at a later date to potentially benefit from capital gains.

 

Financial Considerations

Assess your financial situation and whether you can continue to afford the costs associated with owning the property, such as mortgage payments, service charges, and property maintenance expenses, even if you are not residing in the country.

 

Ultimately, the decision to sell or retain your property when leaving Dubai depends on your personal circumstances, long-term plans, and financial considerations. It is advisable to seek advice from a real estate professional or financial advisor to help you make an informed decision based on your specific situation.

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