Thousands of Indians are buying property in Dubai — But most don't know this rule exists

Indians can legally buy property in Dubai but only by following strict RBI rules. You can send a maximum of USD 2,50,000 per person per year from India. Family members can pool their limits only if all are joint owners on paper. You cannot borrow from a Dubai bank to fund the purchase. Break any of these rules and FEMA penalties kick in. Talk to a lawyer before sending a single rupee abroad.  

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