The US real estate law is very flexible, allowing foreigners to own real estate on a freehold (lifetime) basis. Real estate taxes It varies from state to state and city to city, depending on the type of property and the services available around the property.

And she managed United States of America To attract a large number of investors in the real estate sector, especially from the GCC countries, due to its vast area, natural resources, and the large number of central cities that abound with a thriving economic movement that revitalizes the real estate market.

Information about property law in the U.S.

• The American Real Estate Ownership Act allows foreigners to own real estate on a freehold (lifetime) basis.
• Property taxes vary from state to state and city to city and according to the type of property and services provided to the property.
• As real estate is of the type (land), the real estate tax rate is estimated from (1% - 2.5%) of the value of the land.
• For example (land) with an area of (500) square meters and a value of (50,000) $. The real estate tax will be about (500) dollars to be paid annually.
• As for residential properties (mansion, villa, apartment, penthouse), the annual tax rate is estimated from (1%-2%) of the value of the house, in addition to maintenance fees and insurance amount.
• There is also a tax called "income tax" that is paid after the sale, which is a percentage (10%) of the value of the property that is remitted to the IRS.
• There can be an exemption from this tax after applying to the designated channels at the beginning of each calendar year.
• American real estate is considered one of the safe havens in the world, and the most prominent American states in the attractiveness of real estate are the states of (California - Texas).