A guide for foreigners and expats purchasing or leasing real estate in Fujairah.
On the Gulf of Oman, Fujairah is a tourist destination due to its stunning beaches and mountain scenery. According to Better Homes, the property market of Fujairah is showing continuous growth in both residential and commercial sectors with villas, apartments and single homes planned.
Fujairah in Focus says Fujairah has one of the smallest populations of the seven Emirates at 130,000 and the area has a holiday feel. With the mountains, long beaches, islands and coral reefs, it has a great climate with more rainfall than the other emirates and sea breezes to cool the temperatures.
Buying a property in Fujairah
According to GN Property, foreigners are allowed to buy freehold property in Fujairah such a Jaber Tower, but some developments will only offer long-term leases. Investors should consult with the Fujairah Government about the terms applicable to specific developments.
Renting a property in Fujairah
According to Al Tamimi & Co, leases must be registered with the Fujairah Municipality recording the date of the tenancy contract in its Contract Authentication Register maintained by the Municipality. Rent between US$1 to US$4084 has a registration fee of US$82, and for rent exceeding US$4084, the fee is 2% of the total rent value. Plus, there is a fee of US$14 for the contract documentation.
When looking for property to lease in Fujairah, Fujairah in Focus suggests considering the following:
Residency visas, requirements and applications can be found here.
See also:
How to buy and rent property in the UAE
How to buy and rent property in Ras Al Khaimah
How to buy and rent property in Sharjah