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Legal & Financial
Property Law in Dubai
It is an established fact that the UAE and more particularly Dubai, has one of the fastest growing Real Estate markets in the World. The introduction of the long awaited 'Dubai Property Law' in March 2006, has added confidence and stability to an already thriving market.
The new legislation confirms that non-GCC home owners will be given the right to acquire freehold and 99 leasehold properties in designated areas, and makes provision for home owners of all nationalities to register their legal titles at the Dubai Lands Department.
Buying a property in Dubai is normally a straightforward process; however, it is a substantial financial outlay and can be daunting for some. It is at times advisable to discuss matters with an independent party, well versed in the procedure.
