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Real estate stocks reverse slump as UAE bourses recoup Dh19.5b |
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(By Gaurav Ghose, Financial Features Editor Tuesday, November 18 EmiratesBusiness 24/7)
After seven.. |
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New law to regulate capital's real estate sector |
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(By
Abdel Hai Mohamed on Thursday, November 20, 2008 EmiratesBusiness 24/7) The Abu Dhabi Departm.. |
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Azizi Investments may slow down projects for 2009 |
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(By
Parag Deulgaonkar on Thursday, November 20, 2008 EmiratesBusiness 24/7)Azizi Investments, a.. |
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'Challenges yes, but no regrets' |
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(By Gaurav Ghose, Financial Features Editor on Thursday, November 20, 2008 GulfNews)A senior Governm.. |
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Damac's The Crescent project nears completion |
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(By Staff Report, on Thursday, November 20, 2008 GulfNews)Dubai-based developer Damac Properties yes.. |
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Expatriates say fundamentals remain sound |
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(By Sunita Menon, Staff Reporter, on Thursday, November 20, 2008 GulfNews)Lower mortgage rates, the .. |
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Dubai Property Law
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Basic rules: Whereas the fundamental principles of buying a home are the same everywhere, property law, and its local interpretation, varies widely between different countries. If you have already explored the possibilities of buying in a foreign country, you will be very aware of how different the local laws can be, compared with your own country.
Dubai status: Property law, like any law, is also a dynamic area; minor (and sometimes major) changes are constantly taking place, even in the most mature of property markets. In the case of Dubai and the UAE, property law is very young and still taking its long-term shape, although the key elements are straightforward to understand.
Suggested approach: Our strong recommendation to you is to seek expert advice, wherever in the world you decide to invest in property. Appoint a reputable legal firm to assist you with the contractual elements of the purchase and consider asking for help from an accredited financial advisor, who can ensure that all of your investments work together, in your best interests. You may also wish to use a property search consultant to locate the ideal home for you and help negotiate its price on your behalf. |
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