There are a number of good reasons why the use of offshore companies has become so popular when buying property in Dubai. The most obvious reason would be the avoidance of complicated inheritance procedures.
A company does not die. If your property is held in a low-cost offshore company, you (and your partner or partners) can own the shares of it as you see fit. So rather than have your individual names on the title of the property, you have a company name.
This is a very easy method for joint investment, for confidentiality, and for organising one’s assets under a manageable structure (and in many cases, in a common-law structure).
This applies only in Dubai. i.e, one can still buy property in Abu Dhabi through a BVI (British Virgin Islands) company.
The Land Department decision of January 1, 2011, has confirmed that it will not register property title to any foreign company, unless that company is registered offshore with the Jebel Ali Freezone (Jafza).
Thank you for this information. I found some supplemental answers regarding Ajman, Dubai, RAK residence visa for property owners at: http://www.dubaifaqs.com/visa-residence-property-dubai.php
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