15 Useful legal tips you shall be aware of before buying a property in UAE

You should know these legal tips before buying your house, villa, or flat by Consulting a Property Lawyer.

15 useful legal tips you shall know before buying a Property in Dubai United Arab Emirates: Property Lawyer in Dubai

There is a number of precautions that you will need to take:

• To Inspect the property whether it is ready for handover or the site is under construction
• To check with the Department of Land and Property in Dubai about encumbrances on the property, including mortgages, liens, deed restrictions, or official circular
• To check with the Department of Land and Property in Dubai about the market value of the property at the date of purchase as per the pricing of the Department of Land and Property in Dubai
• To inquire about the reasonable charges of the building management services after the takeover, ownership transfer, and registration;
• To inquire about the Property in Dubai type (residential, commercial, or hotel apartments)
• To inquire about the existence of an escrow account in case of selling off-plan Property in Dubai or under construction
• The Property in Dubai sale contract shall be reviewed by legal consultants (advocates and consultancy office licensed in UAE) before signing.

 The following should be particularly emphasized: Property Lawyer in Dubai

• The seller or the developer shall incur any claims preceding the sale date including the claims of maintenance, building management works, or any other kind of claims;
• The Property in Dubai must be registered permanently under the name of the seller. If the Property in Dubai is registered in the interim registration system, a No Objection Certificate shall be issued from the landlord who has permanent registration in the Department of Land and Property in Dubai.
• The completion date shall be determined in the contract without any further extension. The seller is obliged to hand over the Property in Dubai on the same date and issue the title deed. If the seller breaches the contract, the buyer treats the contract as terminated by refunding the full paid amount and compensation.
• It is essential to add a penalty clause in case the seller breaches the commitment of handing over the Property in Dubai on the agreed date, registering the property, and issuing the title deed.
• The percentage of installments payment shall be in line with the percentage of completion and the buyer has the right to hold payments in case the percentage of payments exceeds the percentage of completion as per the percentage of completion issued by the Department of Land and Property.
• The buyer shall review the payment delay fine clause, and the completion delay fine equal to the rent value of a similar unit shall be imposed upon the landlord or the developer in case of delay in completion, handover, or registration and issue of the Title Deed.
• To ensure that in case of a dispute arises or a breach is made by either party the courts of the Emirate in which the Property in Dubai is located in the jurisdiction where the dispute is considered