Need a Conveyancing Lawyer in Dubai?
According to the Khaleej Times:
“The property market began the year on a very high note as Dubai recorded 5,797 sales transactions worth Dh16.69 billion last month.
It looks like 2022 will continue on an upward trajectory when it comes to sales volumes and price increase in prime, popular areas”.
Many expats and international investors that are selling property are now faced with whether to undertake the sale on their own or whether to appoint a law firm providing professional conveyancing services.
There are pros and cons to a decision like this.
Since the buying and selling of a property is most likely the most significant asset you will deal with in your lifetime, it is worth careful consideration.
Selling Property, Yourself
If you sell your property, you will save on conveyancing fees.
Saving on fees means you will need to handle all legal and administrative aspects of the sale yourself.
Aspects such as legal compliance with UAE government legislation, title transfers, dealing with payments for a host of fees which are different to your home country laws is a challenge.
Selling a property in a foreign country is incredibly overwhelming due to local laws and regulations as well as the language barriers that exist.
Appointing a Conveyancing Lawyer
On the other hand, if you decide to appoint a professional law firm with a highly specialized conveyancing team, the process will be much more efficient.
You will save yourself time.
The Conveyancing team will undertake the stress and will handle the complete transaction until transfer of title deed.
You will have peace of mind that your transaction is legitimate, and your paperwork is all in order.
You will also be advised to have your asset protected with a Will in the UAE or a Foundation in the UAE – DIFC/ RAK ICC.
If you are abroad, the team can undertake the entire transaction with a Power of Attorney in place.
What Will Your Conveyancing Lawyer Do?
At TWS having had over a decade of UAE real estate experience, we can assist with the following:
- Prepare and verify all the necessary documents such as the Memorandum of Understanding for the property transfer
- Advise on special conditions and parties’ obligations in the process
- Ensure the payment of relevant fees to the property developer, the Dubai Land Department, trustees and brokers
- Ensure all costs and payments are accurately calculated.
- Procure approvals and clearances from the property developers and facility management firm
- Assist with banks or financial institutions to apply for a mortgage.
- Deal with the Land Department at final closing and transfer of the title deed in a timely manner
To find out more about buying/selling property in Dubai/ Wills in the UAE/ DIFC Foundation/Powers of Attorney and the Conveyancing legal process, please contact our office at email@example.com or call +971 4 448 4284.