10 Top Legal Tips for Buying Real Estate in Dubai
The first tip is to work with an authorized real estate agent.
Dr. Al-Hafiti stresses the importance of making sure before cooperating in the real estate market that the intermediary managing the property is an authorized agent with a license and that a copy of his card issued by the Land and Property Authority can be requested and verified before entering into any transaction through him to ensure his competence and to make sure that you are on the right track to acquire property in Dubai.
The second tip is to check the reputation of the real estatedeveloper.
Dr. Al-Hafiti believes that one important step before dealing with any real estatedeveloper in Dubai is to check its reputation by reviewing its previous works and reading the opinions of clients who have previously dealt with this developer to see if the developer adheres to project delivery deadlines and quality of finishes when handing over the project.
The third tip is to check if the project is an approved project.
It is especially important before you start considering buying a property from this developer to check whether the project is basically approved or not, and for that you need to check this on the website of DeIn addition, the buyer has the right to request a certificate of non-resistance from the seller or developer, and such a certificate confirms that the seller or owner has paid all fees due and there are no violations related to the general rule of ownership.
Sixth tip: check the documents for authenticity.
Investors need to check the legal authenticity of the documents related to the property they are about to purchase before buying to ensure that there are no future legal issues and to verify the seller's credentials and determine if they have the authority to sell a particular piece of property. It is also important to show the original title to the land and find out if the project is active or not.
The seventh tip is to keep receipts of payment.
It is important to keep receipts for all fees, as they are an important document to protect the rights of clients and proof of compliance with payment deadlines and the absence of partial conditions. They can also get their money back if the developer violates the terms of the agreement.
The eighth tip is to get all the documents after the deal is finalized.
You need to make sure that all documents that prove ownership of the property are received after the real estate transaction is completed, including documents such as the certificate of ownership, certificate of occupancy, preliminary sales contract, preliminary registration agreement, invoices for payment, real estate site map.
Ninth tip: register real estate with the Department of Land and Property.
The registration document is a document that proves the registration of real estate in the registry of the Department of Land and Property in the Emirate of Dubai, where this authority determines the qualified persons who become owners of real estate in the country. It also determines when and how the transfer of ownership can take place, and is therefore the main authority dealing with land matters in Dubai. It follows that any ambitious non-UAE property owner should regularly check with the Department of Land and Property to ensure that no changes or changes in policy affect your existing contractual agreements. Therefore, it is necessary to make sure that the registration document is correct and matches the information in the purchase agreement and the property certificate.
The tenth tip is to invest according to your financial capacity.
Dr. Al-Hafiti finally emphasizes that it is necessary to invest according to the available financial capacity of the buyer before making any purchase, and to make sure that there is sufficient liquidity to help you make payments on time, as late repayment of any installment puts you at risk of financial penalties.
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