The real estate market in Dubai remains dynamic and internationally attractive, not only for major investors, but increasingly also for private individuals who want to buy property together. But is it even possible for several people to buy an apartment together in Dubai? The answer is yes. Dubai allows two or more natural persons or legal entities to buy a property together and be entered in the land register as co-owners. The ownership shares can be divided equally or as desired, for example 50/50 for two buyers or individually graded, such as 60/40 or 70/30. As long as the distribution is contractually clarified and signed by all parties, almost any constellation is conceivable. Joint purchase is suitable for married couples, family members, friends or business partners.
Currently, the Dubai Land Department (DLD) allows up to four owners to purchase a property together. In certain cases, such as ownership through a legal structure like a company, there may be additional options to involve multiple parties through contractual arrangements.
All co-owners are jointly liable for the property, particularly with regard to ongoing costs such as service charges, maintenance or possible loans. The title deed is issued to all buyers jointly, with their names and shares listed. The consent of all owners is generally required for subsequent decisions, such as selling or renting. It is therefore strongly recommended that a clear contractual basis is created before the purchase. A co-ownership agreement or a memorandum of understanding (MoU) can stipulate who pays how much, how use is regulated and what happens in the event of a dispute or sale.
Jointly acquired real estate ownership brings many advantages, such as shared costs, shared use, better investment opportunities and lower risk. At the same time, it also requires trust, transparency and good coordination between the parties involved. If you keep these basics in mind, you can successfully invest together in Dubai, whether as a family, couple or group of friends.
If you have any questions about the structure, financing or legal structure of a joint property purchase, we will be happy to assist you.