Property laws for real estate buyers in Dubai

Due to modern advancements in architectural structures and buildings, Dubai is considered a resort city in the Middle East. Nowadays, buyers and investors from all over the world are taking an interest to buy Dubai property.

Dubai has come a long way since 2002 when ex-pats were allowed to buy a property with freehold rights. Buying an asset in this city used to be a very complex process for foreign investors and buyers. Buyers must know primary Dubai property laws to make safe deals.

To make a successful purchase deal every buyer must know specific laws that talk about buying, ownership, and selling of Dubai properties. The following are the three major Dubai property laws that every buyer or seller must understand.

Inheritance Property Law

If a deceased asset owner holds membership of another nation then inheritance law of UAE also consider the law of other nation. A valid will that fulfills all the legal standards of UAE and Dubai is essentially required to assign estate to legal beneficiaries. In the absence of a legal will, it is an Intestate Court that decides how a property should be divided among recipients.

Rental Property Laws

For rental properties in Dubai, the tenant contract is usually signed for one year if not it will be specified in the written contract. Landlords are not allowed to increase rent. Rents can be raised when the lease is finished and it’s time to renew it. In case of any dispute, they need to file a case to the municipality’s rent Control Committee. The panel will hear the dispute and make a judgment accordingly. The tenant and homeowner will have to obey the decision made by the panel.

Real Estate Law Number Seven

Estate Government of Dubai passed this law in 2006. This law reduces the restriction on foreigners related to property ownership in Dubai. the foreigner was not allowed to hold ownership of land and building properties in Dubai according to UAE estate laws. After the implementation of this Law, foreigners or nonresidents can obtain property ownership on rent or lease. It must get approved by the State Government of Dubai and the duration of a property lease for any property is around 99 years.

When it comes to the field of Real-estate, it is advised to consult an expert real estate lawyer who is prepared to get your legitimate request and help you by giving fundamental lawful undertakings.