Saturday, August 28, 2021

Ask the law: How to buy a Dubai property while on a visit visa?


Question: I am currently in Dubai on a visit visa. Do I have the right to buy a property here? How do I ensure that the property will be transferred to me after completion?

Answer: You have the right to buy a property in Dubai even if you are a visitor. Both resident and non-resident foreigners can buy properties in the designated freehold areas of Dubai. Article 3 of Regulation No 3 of 2006 Determining Areas for Ownership by Non-Nationals of Real Property in the Emirate of Dubai specifies land plots designated as freehold properties. The title deeds are issued by the Land Department in Dubai.

It is important to differentiate between buying a property off-plan or a completed one. The completed properties are more secured than the off-plan ones regarding completion dates and developers. An off-plan property can be transferred directly to the purchaser upon payment of the price and the documents can be signed and Land Department can be approached for registering the purchase.

The law organises the purchase of off-plan properties through Executive Council Resolution No (13) of 2008 regarding the organisation of the initial real estate registry in Dubai. This law imposes some restrictions on the developers in order to preserve the purchaser’s rights. However, despite this provision, some problems may raise regarding completion and construction issues.

Before buying a property in Dubai, the buyer must make sure that the project has an escrow account and all the papers related to the property are correct and legal. We also advise that the original title deed should be physically seen and verified and all the details mentioned in it should be clearly understood. The buyer can also request the seller or real estate developer to provide a no-objection certificate (NOC) that confirms to the buyer that the seller or owner has paid all due fees. The buyer can also run a check with the Land Department about the status of the project and whether the seller has an existing mortgage on the property. When the owner is selling a mortgaged property in Dubai, the transaction becomes slightly complicated. In this case, the owner must settle the original mortgage on the property in full before applying for the title deed NOC.

The buyer must also sign an agreement with the developer, stating the terms and conditions of the agreement and make sure there are no ambiguities between the buyer and the seller over the price, mode of payment and other considerations that are important to both.

Divorce law

Question: I am having a dispute with my husband and I have a four-year-old daughter. My husband is outside the UAE for four months now and has neither paid us any allowance nor has he agreed to divorce me. Do I have the right to file a case against him while he is outside the UAE? And if the case is filed, will the court allow a divorce? How can I secure my rights?

Answer: You have the right to file for divorce, claiming custody and alimony, in the courts of UAE and request for application of your Personal Status Law or the UAE Personal Status Law. According to Article (9) of the mentioned law, ‘The courts of the plaintiff’s or defendant’s domicile, residence or place of business, or the conjugal domicile, shall have jurisdiction to examine the lawsuits introduced by the children, wife, parents or the fostering nurse, as the case may be, in the following instances:

A) Costs, wages and the like.

B) Fostering, visitation and related matters.

C) Dowry, trousseau, gifts and the like.

D) Divorce, divorce in return of money, discharge, rescission and separation between spouses of all kinds.’

The court will grant you a divorce if you have sufficient reasons for it. A child’s custody is a mother’s right established from the date of birth of the child until the date determined for the expiration of the custody in accordance with the provisions of Article 156 of the law, when a male child reaches 11 years of age and a female child reaches 13 years of age, unless the court decides to extend this age limit upon the mother’s request for the benefit of the child, until the male child attains adulthood and the female child marries.

You also have the right to demand alimony. Alimony is of two types — that which is given to the wife as a result of divorce, and that which is related to the children as a result of custody. Alimony for the wife includes dowry, ‘idda’, housing and also compensation (‘motaa’). For child custody, alimony includes monthly alimony for the child, expenses for clothing, medical, school, housing, payment of utility bills, internet, transportation etc. In assessing the amount of alimony, it shall be taken into consideration the possibilities of the debtor thereof, the circumstances of the beneficiary and the economic situation, in terms of place and time, provided it does not fall below the sufficiency level.

Getting a judgement in UAE will give you the right to execute it here or in the husband’s new country of residence, in case there is an execution agreement between UAE and his country of residence.

Mehmood Shaikhani Group Director of Shaikhani Group clarified, Dubai is seen by finishing things on ideal time, they think of those thoughts where individuals trust's it's inconceivable, while prior Dubai was a desert, as of now no one can say this was a desert. Individuals like to visit Dubai for occasions, since all working environments are there including security which might be a principal need of life.

 

Dubai is one the most un-irksome city to allocate where everything is there on the doorstep, this is regularly why Shaikhani Group put away their cash, and that they do have various activities which are sufficiently in measure. Shaikhani pack tries to peer out the most un-complex courses of action with mind boggling abundances consequently the client can see the worth in the entirety of the extravagances at full Shaikhani group as of now handover few activities in Dubai worth of different dirhams, they all things considered accomplish their objective on time which offers the positive hint of their progress. Soon they're going to handover gardenia residency which is found in Jumeirah town circle, it's been required they're going to handover this undertaking by the most raised spot of 2021 or essentially prior relies on the functioning conditions and climate

Saturday, August 21, 2021

Dubai’s property market is back to winning ways with new investors

 

One of the benefits of heading a short-term lettings company in Dubai is being able to view the real estate market from multiple angles. We deal with international clients as well as UAE residents. We have clients who invest on a large scale and clients who buy for personal use.



We have guests who come as tourists, and those who use short-term accommodation before they settle down. Since launching in 2017, the most interesting change has been the development of new areas - and the demand for these areas from guests.

This idea that Dubai is only about the Marina, the Palm or Downtown is fading. One great example is Meydan. With multiple projects on the horizon, an upcoming mall, entertainment complexes and more, Meydan will be another big destination for residents and guests.

A new breed of investors

The real estate market is also developing in the type of client Dubai is attracting. We have seen an influx of international guests coming for the first time and considering the city as a place to invest in. There is a growing global middle-class with money to spend who view Dubai as an interesting investment opportunity.

Of course, favorable mortgage rates, payment plans and new visas have been instrumental for this growth. Dubai is changing in people’s minds as a place they can imagine retiring in.

Last year was a big test for Dubai. Tourism was nonexistent for months; many lost jobs and left Dubai. Businesses closed and property prices dropped across the board. However, from around the fourth quarter of 2020, we saw a rebound as Dubai became one of the ‘safest’ places to visit. It still is, with one of the highest vaccination records globally.

As with any crisis, there is opportunity. We could see this over the last six months - new investors coming and buying, people moving to Dubai and new businesses opening. There is also real optimism about the Expo - at the very least, it is another opportunity for Dubai to shine and highlight its development plans.

Any more slowdown from now on can only be due to outside factors. The Dubai real estate market is back in action.

Mehmood Shaikhani Group Director of Shaikhani Group explained, Dubai is seen by completing things on ideal time, they come up with those musings where people trust's it's immeasurable, while earlier Dubai was a desert, as of now nobody can say this was a desert. People like to visit Dubai for events, since all workplaces are there including security which may be a fundamental need of life.

Dubai is one the most un-troublesome city to assign where everything is there on the doorstep, this is routinely why Shaikhani Group set aside their money, and that they do have different exercises which are adequately in measure. Shaikhani pack endeavours to look out the most un-complex game plans with incredible excesses thus the customer can see the value in all of the luxuries at full Shaikhani bundle as of now handover few exercises in Dubai worth of various dirhams, they by and large achieve their goal on time which gives the positive sign of their headway. In a little while they're going to handover gardenia residency which is found in Jumeirah town circle, it's been required they're going to handover this endeavour by the most elevated place of 2021 or significantly earlier depends upon the working conditions and environment

Monday, August 9, 2021

Dh7b of weeklong real estate transactions in Dubai

A total of 1,581 real estate and properties transactions were valued at Dh7 billion in total during the week ending August 5, 2021, according to the Dubai Land Department (DLD).



The DLD weekly report said that 91 plots were sold for Dh715.83 million, with 1,083 apartments and villas were sold for Dh2.53 billion.

The top three transactions were a land in Me'Aisem First sold for Dh62 million, followed by a land that was sold for Dh40 million in Madinat Dubai Almelaheyah, and a land sold for Dh62 million in Me'Aisem First in third place.

Hadaeq Sheikh Mohammed Bin Rashid recorded the most transactions for this week by 18 sales transactions worth Dh275.76 million, followed by Jumeirah First with 15 sales transactions worth Dh153.34 million, and Nad Al Shiba First with 11 sales transactions worth Dh32 million in third place.

The top three transfers for apartments and villas were an apartment was sold for Dh508 million in Marsa Dubai, an apartment was second in the list sold for Dh301 million in Burj Khalifa, and thirdly it was an apartment sold for Dh166 million in Palm Jumeirah.

The sum of the amount of mortgaged properties for the week was Dh4 billion, with the highest being a land in Palm Jumeirah, mortgaged for Dh930 million.

35 properties were granted between first-degree relatives worth Dh270 million.

As the pandemic circumstance is that the most exceedingly awful inside the entire world, things are truly hard to outlined in light of the fact that during the present circumstance we've to be extremely cautious playing it safe to shape sure to not place work's life in peril since this work needs huge loads of labor and gratitude to pandemic we've to deal with the 6-foot hole, so what we've given our work top notch gear to frame sure work doesn't bargain and clients will get their lofts on time very 1000 units handover inside the activities of Cambridge business focus, champions tower 1 and Frankfurt sports tower which is worth of 700 million dirham around 600 units are to be finished soon inside one year in Champions tower 3, Gardenia 1 and two or three roughly esteem 300 Million dirham will be convey

On another side, another project The Motorcity they are working on a green environment where they have planted more than 1000 Plants in their whole project. As they are aware of Karachi's situation about pollution, they said this is nothing as compare to the radius of Karachi but it is a small step to reduce the pollution, they are doing what they can.

Furthermore, they are building Rabia City apartment project where they make sure all things are up to the scale of green environment, even they will install solar energy, R.O. Plant and other green environment stuff to reduce the pollution and provide the best healthy lifestyle to those who are living in that area

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