Why More Canadians Are Looking to Dubai

Dubai has become a go-to destination for Canadian investors—and it’s not hard to see why. With no personal income tax, strong rental returns, and a well-regulated property market, Dubai offers the kind of investment stability many Canadians are seeking outside of North America. Whether you’re buying a second home, a rental property, or just exploring a new opportunity, Dubai has something to offer.

What Makes Dubai a Smart Choice for Canadians?

• 🏠 No property or capital gains taxes
• 📈 Rental returns of 6%–12% depending on location
• ✨ Eligibility for a 10-year Golden Visa starting from AED 2 million investment
• 📜 Full ownership rights in freehold areas
• 💵 Invest in a USD-pegged currency market for better stability

🔗 Learn more at Gold Mount Real Estate

Can Canadians Legally Own Property in Dubai?

Yes—they absolutely can. Canadian citizens are allowed to buy property in freehold zones, with no need for local residency. You can buy, sell, rent out, or pass on your Dubai property as part of your estate.

Freehold vs Leasehold Areas

• Freehold: You fully own the property and the land it’s built on.
• Leasehold: You lease the property for 10–99 years, but the land remains with the original owner.

How to Buy Property in Dubai from Canada: A Step-by-Step Guide

Step 1: Know What You’re Looking For

Define your goals—are you buying for income, resale value, or lifestyle? Apartments start at around AED 500,000 (~CAD 185,000).

Step 2: Choose a Location That Suits Your Needs

Some of the most popular spots for Canadian investors:

• Downtown Dubai – luxury living, high appreciation
• Dubai Marina & JBR – great for rental income
• JVC & Arjan – affordable with strong ROI
• Dubai Hills & Arabian Ranches – family-friendly communities

Step 3: Partner with Licensed Real Estate Professionals

Always work with agents licensed by the Dubai Land Department. At Gold Mount Real Estate, our brokers are fully certified and work with top-tier developers like DAMAC, Emaar, and Sobha.

Step 4: View Properties (In Person or Online)

Not in Dubai? No problem. We offer high-quality virtual tours and live walkthroughs so you can explore properties from anywhere.

Step 5: Sign the Sales Agreement

You’ll sign a Memorandum of Understanding (MOU) that includes price, timeline, and payment terms. Expect to pay a 10% deposit.

Step 6: Get Financing if Needed

Canadian nationals can apply for non-resident mortgages in the UAE, typically covering 50%–60% of the property value.

📄 Required Documents:

• Passport copy
• 6 months of bank statements
• Canadian tax returns
• Proof of income or business
• Credit history

Step 7: Register the Property

Once all documents are in place, pay the Dubai Land Department fee (4% of the property price) and receive your title deed. This can be done via Power of Attorney if you’re not in the UAE.

Taxes: What You Should Know

• No income, capital gains, or inheritance tax in Dubai
• You still need to report overseas income to the Canada Revenue Agency (CRA)
• You may qualify for foreign tax credits

The Golden Visa Option for Canadians

Investing AED 2 million or more can make you eligible for a renewable 10-year residency visa. Perks include:

• Sponsorship for family members
• Option to open businesses
• Long-term stay flexibility

🔗 Ask Gold Mount Real Estate about which properties qualify.

Estimated Costs to Expect

Tips for a Smooth Buying Experience

• 📌 Work with certified agents only
• 💱 Use reliable currency exchange platforms
• 📹 Do a virtual or in-person property walkthrough
• 📝 Consult legal professionals if using a POA

Why Now Is the Right Time to Invest

Dubai’s market is well-regulated, tax-free, and full of opportunity. With long-term visas, solid returns, and advanced digital buying systems, Canadians can invest with confidence.

🔗 Ready to get started? Visit Gold Mount Real Estate—your reliable partner for Dubai real estate.