Either choose your 2nd holiday home or make an investment that gives you the best returns. The choice is yours and the benefits are yours too.
Do you know your duties and rights as an investor in Dubai Real Estate?
For various reasons, Dubai real estate has been the center of attraction for decades. Since its inception in 1960, the Dubai Land Department (DLD) has been charged with transforming Dubai into the world's premier real estate destination. DLD has always been strongly committed to making Dubai the most attractive real estate investment destination in terms of affordability, quality, and innovation. With millions pouring into the sector, DLD has time and again ensured that the real estate laws help developers, investors, brokers, and other related parties in equal dimensions. Dubai property prices have always been taken care of prudently by the government so that investors are always encouraged to invest through the best real estate companies in Dubai and buy a house or office space in Dubai with the smartest of services and best of payment plans. Of various objectives, DLD has always focused most on the principle of transparency, considering Dubai property prices and real estate investment options. If you are a prospective investor in Dubai real estate and are thinking about investing in a luxury house in Dubai, you should be aware of your rights as a Dubai investor.
To begin with, one must verify if
The list of duties you must perform and the rights you must exercise before investing in Dubai real estate has been enumerated below.
Attending the Registrar Office in Person: Unless represented by someone holding a notarized power of attorney, the owner must attend the Registrar at the Dubai Land Department (Trustee Office) in person.
In the case of a** "Jointly Owned Property" (JOP)**, the investor should inquire if there is a disclosure statement available, who is the owners’ association manager, and if they are licensed with RERA. Last but not least, investors must be aware that there is a slight difference in the JOPs in the Dubai Financial Centre Free Zone.
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