Top Reasons to Invest in Property in Dubai

1. A Guide for the Legal Procedures to Buy Property in Dubai Are you unaware about the legal procedure to buy property in Dubai ? Are you facing difficulties in understanding the rules and regulations which are defined for buying property in Dubai? Whether you’re from India, UK, USA or from somewhere else, Dubai gives you a warm hearted welcome with open arms. UAE, fulfil your dream of living a luxury life and owning a dream home. Dive into this comprehensive guide to gather all the essential information you need for a seamless and hassle-free journey to buy property in Dubai!!

2. 1.What Is the Law Behind Buying a Property in Dubai? Law No. 7 of 2006 stands as the primary regulation for those looking to buy property in Dubai. This legal framework not only empowers UAE and GCC residents with the right to purchase property across the entirety of Dubai but also opens avenues for foreigners. Non-citizens can acquire property in specifically designated zones classified as either freehold or leasehold. 2. Difference Between Freehold and Leasehold Ownership : The difference between Freehold ownership and leasehold ownership is that freehold ownership gives you full ownership of the property without any type of restriction, while on the other hand leasehold ownership allows you to own the property for a particular period of time, which can be extended up to 99 years. 3.What Are the Steps You Should Follow to Buy a Property in Dubai? Buying property in Dubai follows the same steps, whether you're getting a home or making a real estate investment. To get a clear picture of these steps, take a closer look at the details below: Step 1:Prepare the Buyer/Seller Contract When you find the perfect property to buy in Dubai, talk to the seller about the details. You can choose to pay in cash or explore mortgage options. Even though you might

3. not need a real estate agent or lawyer at this point, it's essential to create a clear contract. Make sure that it clearly mentions the price, how you'll pay, and all the important details to avoid any issues later on in the process of buying property in Dubai. Step 2: Sign the Real Estate Sale Agreement You can effortlessly download the sale contract (Form F), also known as a Memorandum of Understanding (MOU), directly from the official Dubai Land Department (DLD) website. Feel free to add your own terms to the contract. After setting everything up, both you and the seller should sign it in front of a witness, preferably at the Registration Trustee's office. Additionally, a 10% security deposit on the property should be paid to the Registration Trustee, which you'll get back once the entire transaction is successfully completed.

4. Step 3: Apply for No Objection Certificate At this stage, when you've finalised to buy property in Dubai, have a quick conversation with the developer to secure a No Objection Certificate (NOC) and finalise the ownership transfer. If there are no outstanding service bills or charges on the property, the developer will issue the certificate, making your buying process smoother Step 4: Transferring Ownership at the Registrar’s Office To facilitate a seamless property transfer when you decide to buy property in Dubai, it's crucial to have all the necessary documents in order. Whether attending in person or appointing an authorised representative, follow these straightforward steps: 1.Submit the required documents. 2.Provide a payable cheque for the dubai property price. 3.Present the original identification documents of both the seller and buyer (Emirates ID & passport). 4.Include the original No Objection Certificate (NOC). 5.Include the signed contract of Form F. After submitting the required documents, the data will be verified, fees will be paid, and a receipt will be issued. The output will be sent via email. If the documents are submitted early in the day, the transfer can be processed on the same day. Upon receiving the approval email, a new title deed will be issued in your name as the new owner. For additional insights on safeguarding your investments, consider checking out this episode from the Home Finders podcast for more information on how to protect your investments when you buy property in Dubai.

5. 4. Can You Buy Property in Dubai Without an Agent? Yes, you can explore diverse communities when looking to buy property in Dubai. The city provides opportunities to purchase directly from developers or individuals selling their units. This flexibility allows you to choose between new developments or pre-owned properties, ensuring you find the perfect home that aligns with your preferences. Whether you're interested in the latest amenities in a newly constructed unit or the unique charm of an established community, Dubai offers a range of options for individuals looking to buy property in Dubai. 5. Things to Consider While Buying a Property in Dubai ●When considering property transactions in Dubai, it is highly recommended to exclusively engage with real estate agents registered with RERA (Real Estate Regulatory Agency). ●Furthermore, documents composed in a foreign language should be attested and submitted with certified translations into Arabic. ●It is essential to ensure that transactions are promptly registered within 60 days from the date of contract signing by both parties.

6. ●For foreigners looking to buy property in Dubai, several prominent freehold districts stand out, including Arabian Ranches, Palm Jumeirah, Dubai Marina, and Downtown Dubai. At the end, here you are with all the essential information about the legal procedure to buy property in Dubai. This defined guide makes your investment easy and straightforward. Finding the best property option is not a hassle anymore as you can have a look at the different properties for sale in Dubai on Inch & Brick Realty, one of the best Real Estate Companies in Dubai. Buy property in Dubai with a wide range of stunning properties available withInch & Brick Realty, you can find your perfect investment and unlock the door to your dream house in Dubai.