Since the implementation and execution of these property registration laws, that have allowed even the expats to register, buy and own a property, the UAE has come a long way.
As being one of the leading and distinguished real estate organizations, 101 Properties has always empowered its revered clients with seasoned information in order to help them make well-informed property registration decisions by offering them the latest property listings along wirth authorized data.
Sneak Peak into Property Registration Law
In the wake of making safer and reliable deals, investors and buyers should be aware of these laws since real estate is the fastest growing industry of the country and is also one of the major sources of income. Let’s have a quick run-down:
- An investor requires a residential permit in order to make any residential or commercial purchase.
- Buyers are usually required to deposit 10-20% of total asset value.
- In case of investing in newly constructed projects, payments have to be made in installments.