To purchase a property in Dubai, you need to follow these steps: identify your budget, choose a reputable real estate agent, select a property, negotiate the price, pay a reservation deposit, conduct due diligence, sign the sales agreement, and finally, transfer ownership through the Dubai Land Department.

Costs include the property purchase price, agent fees (typically 2% of the property value), transfer fees (4% of the property value), and potentially mortgage-related expenses if financing is involved.

As of my last knowledge update in January 2022, there is no capital gains tax on property sales in Dubai. However, it’s crucial to stay updated on any changes in tax regulations.

For buying, selling, or renting, you typically need valid identification (passport for non-residents), proof of ownership/title deed, and relevant agreements such as sales or lease contracts. Working with a legal advisor is advisable to ensure all documentation is in order.

The rental process involves finding a property, negotiating terms with the landlord, signing a lease agreement, and making the necessary payments. Both parties should ensure compliance with RERA guidelines and register the lease on the Ejari system.