Guide To Buying Off Plan Properties
Complete Guide On How To Buy A House In The UAE
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Complete Guide On How To Buy A House In The UAE
There has never been a better time than now to buy property in Dubai. UAE’s market is showing solid growth as the Covid-19 pandemic moves further into the rear-view mirror. At the end of 2021, we saw the property market start to rebound and as we move into the final stretch of 2022, that growth shows no signs of slowing down.
Buying property is such an important decision that it requires careful planning, thorough research, and flawless execution. If you’re looking to buy property in Dubai, then this guide will ensure that you have all of the information needed to make an informed and profitable decision.
Important Legal Considerations
The first thing you should do before you even think about buying property in Dubai is familiarize yourself with the local property laws. Power of Attorney documents must be signed and notarized in the country of origin. Furthermore, such documentation must be translated into Arabic. This is true for anyone outside of the UAE who is looking to buy property.
It’s best to seek expert legal advice to ensure you get these technicalities right because they could potentially cause your whole deal to fall apart.
Understand The Process For Buying Property In Dubai
Two main options are used when individuals buy property in Dubai – off-plan and secondary. In summary, off-sale properties are bought during development before they are ready to use. This usually comes at a discount but also carries certain risks.
Secondary property is already owned and being sold by the owner. These transactions are generally done through brokerages.
Both options have a similar buying process with only a few notable differences.
