Looking to buy a property in the UAE? With a little help from a good property lawyer in the UAE, your dream of buying a property can be a reality and we’re here to tell you just how to do that.
In the past few years, the UAE has emerged as one of the most sought-after places to invest in real estate in the Middle East. With Dubai being not only one of the most renowned places, but also ranking at the top of the charts when it comes to tourism, economy, and infrastructure, it has emerged as a hotspot for people interested in buying real estate.
Is buying a property in the UAE a good idea?
One of the first questions you need to answer first is whether you want to invest in a residential property or a commercial one. The type of real estate you choose to invest in will be your long-term permanent asset. It can be your dream home, but it can also serve as an important asset during emergencies.
As for buying a property in Dubai, it has been the most populated city in the UAE since 2002. This also means that it is a hotspot for property investors and the real estate business is booming. In fact, in 2017, a staggering 69,000 real estate transactions were made in Dubai alone worth more than AED 285 billion.
The hotel property investment in Dubai is also lucrative. The place offers excellent destinations for tourists and therefore, it is one the best places to invest in a hotel property in the world. In 2018, Dubai welcomed more than 16 million visitors from across the globe and an additional eight million visitors in the first half of 2019.
How a property lawyer in the UAE can help you?
While the laws of buying property in the UAE are fairly simple, connecting with trusted property lawyers in the UAE will make the process even simpler, especially if you aren’t a local investor. Real estate lawyers in the UAE will help you understand different aspects of owning a property in the country and will offer advice to deal with the difficult parts like dispute resolution, development, management, leasing, and more.
The property lawyers in the UAE like Aceptive Legal Consultants have highly experienced lawyers to offer services like property registrations, ownership of jointly owned properties, regulating the interim property registration, escrow accounts, and more.