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Dubai’s Real Estate Explained
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Date
Monday, March 11, 2024
Category
Finance
Understanding Dubai’s Real Estate Laws for Foreign Buyers
Introduction: Know the Rules Before You Buy
Dubai has clear laws to protect foreign investors, but knowing them is key.
Ownership Laws
Foreigners can buy freehold properties in designated areas.
Leasehold (99-year leases) available in certain zones.
Dubai Land Department (DLD) Regulations
All sales must be registered with DLD.
Off-plan projects must have escrow accounts to protect buyers.
Legal Documents Required
Sales Purchase Agreement (SPA).
No-objection certificate (NOC) from developer.
Conclusion: Compliance is Key
Understanding the legal framework ensures a smooth property purchase.
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