Dubai

Traditionally, the Arab countries have been perceived as difficult investment hotspots, in that the legislation governing the ownership of real estate in many of these countries has been structured in such a way that it might have discouraged foreign investment in real estate.

Dubai, on the other end, has always been on the forefront of creating laws that encourage foreign investment, with local laws having been amended in recent years to facilitate purchase by foreign nationals.  For example, it is now possible to obtain freehold interests in property Dubai, not always achievable in any other Arab country.   The first step in Dubai is to make a verbal offer to the seller, without any special permission to be requested to the local government.

 

Whilst the procedures for property purchase in Dubai are easier than in other Arab countries there is no room for complacency it is still imperative to seek expert legal advice to assist you through the experience. 

 

Giambrone Law LLP will make sure, amongst other things, that the various requirements of the initial contract are satisfied, that the property is free of any encumbrances, that the final contract is executed and that a deed for the property is given to you. We will always be at hand to resolve any queries from the onset.