US residents and American citizens who own Dubai investment property — here is the complete remote selling process and what you need to know about US tax obligations.
American buyers entered Dubai's real estate market significantly during 2021–2024, attracted by high rental yields, no property tax, and a business-friendly environment. Selling from the US involves a straightforward Dubai process combined with important US tax reporting obligations.
For US-based sellers, the recommended POA route:
US citizens and residents (including Green Card holders) must report worldwide income and gains to the IRS:
⚠️ Critical: US tax rules for foreign property are complex. Engage a US CPA with international tax experience before completing the sale. Non-compliance with FBAR carries severe penalties.
AED to USD transfers are straightforward given the USD/AED peg (3.67). International wire transfers from UAE to US typically clear in 1–3 business days. Keep records of all transfers for IRS reporting purposes. Wire transfer fees from UAE banks range AED 50–200; your US bank may also charge a receiving fee.
From listing to USD funds in your US account: approximately 10–16 weeks depending on market conditions, pricing, and developer NOC timeline.
Our RERA-licensed team handles everything remotely. No travel required.
⚠️ All information is for general guidance only and does not constitute legal or financial advice. Property regulations subject to change. IA Wealth Real Estate LLC — RERA No. 52591.