Dubai, like every other emirate in the UAE, is continuously experiencing top growth rate. This has led to an increase in construction of commercial and residential developments spurring in every part of the emirate.
Investors from across the globe visit Dubai to invest in these developments. Having said that, the process involved to buy a property in Dubai isn’t exactly straightforward. It involves a lot of legal work and other crucial steps.
To successfully deal with unprecedented circumstances it is important that your contract should be drafted properly. Therefore, it is essential that you should engage a well-reputed and renowned firm of property lawyers in Dubai before you seal any deal.
Apart from these, there are several reasons why you must hire a real estate lawyer when you’re dealing in the real estate market. Some of them are:
Being Aware of Your Legal Rights
The first and foremost thing that you need to be aware of is your legal rights and restrictions when dealing with buying or selling property. Property lawyers in Dubai are well-informed of the latest real estate laws and regulations, so they can explain what your rights are as well as the do’s and don’ts.
This will help avoid any legal complications beforehand. Furthermore, when you hire their services, you stay protected against scams and frauds, which are rare occurrences in Dubai, still you should be careful about them.
To Perform a Title Search
When buying a house or property, it is imperative to perform a title search and conclude your findings in a title search report. It includes details like liens, encroachments and easements of the property you want to buy. Often mismanagement of the report or false information can cause trouble for the potential buyer later on. Which is why it is important to hire a property lawyer to oversee this report in order to confirm that the house is devoid of obstructions.
In addition, the report includes whether the seller has the right to sell the house or not so as to prevent fraud. Hiring a property lawyer can provide this information readily.
Preparing Legal Contracts
The process of buying a property involves a great many legal formalities. Especially if you are a first timer, it is important to understand the rules and policies of buying property in that particular area. A property lawyer can help you better understand the various rules encompassing the property.
Moreover, the property lawyer handles the preparation of all the legal documents like mortgage agreements, purchase contracts as well as helping the new owners gain a little deed. They will also relieve you of the burden of reading to the extremely lengthy terms and conditions, highlighting the important points in it themselves.
Handling these documents on your own, particularly if you’re a new entrant to the DUbai property market, can prove to be quite overwhelming.
In Dubai, law demands that a property owner file his or her documents with relevant authorities after their purchase. Here you have to file your title deed with the Dubai Land Department. A property lawyer usually oversees these legal filings efficiently, and prevents unnecessary delay, so one can move into the new property without any legal discrepancies.
Aiding in Property Transfer
If you choose to buy a property as a corporate entity, the legal process tends to become more complicated, usually because more parties become involved in the exchange. Hiring a property lawyer can ensure that the process moves on smoothly as well as establish legal boundaries which are not in violation with the law.
Saves You from Potential Scams
Another added benefit of hiring a property lawyer is that the chances of you getting scammed are greatly reduced. When you avail the services of a legal expert then it is obligatory for them to protect you from potential frauds and scams.
Dubai has been an international property hotspot offering ambitious projects and great architectural developments rising overnight. Though, it is not a legal requirement to hire a lawyer, they can provide assistance and support to make your purchase efficient and help you avoid the possibility of any future legal tussles. Therefore, it is always good to have a reputable Dubai Law Firm on board before making any large purchases.