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Dubai’s Real Estate Explained

Dubai’s Real Estate Explained

Emerging trends and technologies shaping the future of work.

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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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