Dubai is a popular choice for Nigerian property buyers. Here is an overview of how buying works, the costs to budget for, and how our DAMAC partnership can help.
Dubai has become a popular destination for Nigerian property buyers, whether for a holiday home, rental income, or diversifying investments abroad. Foreign nationals can buy property outright in Dubai's designated freehold areas.
Ready or off-plan?
You can buy a completed, ready property, or buy off-plan from a developer before construction is finished. Off-plan purchases are usually paid in instalments linked to construction progress, and payments are made into a regulated escrow account for the project.
Costs to budget for
- The purchase price, or the agreed instalment plan for off-plan properties.
- The Dubai Land Department transfer fee, a percentage of the purchase price.
- Registration and administration fees.
- Ongoing service charges for building and community maintenance.
How we can help
Through our partnership with DAMAC, our Lagos team can introduce you to available Dubai properties and guide you through the enquiry and purchase process, so you have local support for an international investment.
This article is general information, not financial or legal advice. Fees and regulations change, so confirm current costs before you commit.
