Who can buy?

Anybody can purchase in Dubai’s luxury freehold property market.

Government tax:
There are currently no government taxes of any kind when purchasing a property in Dubai nor is the Capital Gains Tax.  When the Dubai Land Department registers title, buyers will pay a 1.5% tax based on the purchase of the property.  If they have a mortgage they will pay 0.25% of the value of the loan.

Residency:
In general, the Dubai Government  issues residence visas to freehold new property owners and their immediate family subject to immigration law.

Re-sale:
You can sell your property or assign your agreement to anybody.  This mean that they will take over the payments to be made to the developer.

What is a Memorandum of Understanding (MOU)?

This is a contract made between the buyer and seller to secure the sale.  A holding is paid to the agnet or seller to make the contract binding.

Are there different types of freehold ?

If we assume that the term freehold is being used in Dubai in its international sense, then the answer is
yes.   Freehold usually indicates that the owner of this kind of title enjoys the most superior form of private property ownership.  A purchaser can have freehold title in land in a free standing villa and also for an apartment, the latter kind of owner is usually called common hold and not freehold.