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4 September 2018

Dubai Real Estate Purchases - Can I Buy A House In Dubai?

Dubai Real Estate Purchases - Can I buy a house in Dubai?


Introduction


People need to be aware of all the factors associated with buying a house in Dubai. They must have the proper knowledge and sense of buying properties and all the laws associated with it whenever the question “Can I buy a house in Dubai” or “can I buy a house on my own” or “how can I buy a house” arises in their mind. Finding the right house according to choice and desire that fits in the budget right is the key to get hold of a house of dreams. People must be well aware that the government laws of buying and selling real estate properties and houses are different than in other countries in the rest of the globe. The crucial verification process regarding the background and the provisions of buying a house vary from area to area. A real estate agent from a known firm can help an individual in the best possible way to answer all the queries like “where can I buy a house?” or like “can i buy a house?” persist in the minds of every individual planning to get hold of a property in Dubai along with the question “when can i buy a house?”.

Some of the most established agencies of real estates can be consulted both by the national citizens, as well as the expats, in order to get their things to progress in the right manner. The agencies usually specialize in sales of real estates and serve all the desiring individual with the most promising properties that they would have ever dreamt of.


Can I buy a house?


Yes. Living in Dubai is possible, not only for the citizens but also for the non-residents of the state. However, there are provisions of the law under which the citizens’ fall. For a resident, it is possible to purchase any property that they desire throughout Dubai; however, for the expats and the non-residents, the law differs significantly as they are allowed to purchase the houses under freehold or for certain exception, in case they purchase the houses under leasehold, the ownership is automatically switched over to the original landlord after the time of the lease expires. This is the exact way in which the question of “can I buy a house on my own” can be rightly answered and the people, including both locals and the expats, can get to know about the facts of buying a house or property in Dubai.


Where can I buy a house?


Any individual person, irrespective of their nationality and their places of dwelling including overseas can purchase a house in Dubai if the property is a Freehold. The freehold properties are authorized under the law to be sold to anyone who pays the price and meets the requirement categories throughout the globe. This is the law passed by the Emirate of Dubai’s Ruler, His Highness. There is no need for the individual to hold a permanent residency permit or any other permit similar to it for purchasing a house and a property in Dubai.


When can I buy a house?


There is no limitation or particular timeframe for purchasing property in Dubai, till the individual buyers are ready to pay and like the property, they can easily get their hands on it and own it. Irrespective of the leasehold or the freehold properties, residents and non-residents, people can buy the properties by fulfilling the requirements under the law of the country. The overall timeframe of the transaction for a property or a house in Dubai usually takes a turnaround time of thirty days at a maximum to be handed over to the purchasers as during this time the Sale Agreement is prepared and signed.


How can I buy a house?


All the procedures for buying a house in Dubai are simple and straightforward for the residents, as well as the expats. The buying and selling of houses are done as per Sale Agreement made and signed trough mutually agreeing to conditions, both of their own and the law at the same time. A deposit is taken in the form of booking with a valid receipt. On the day of signing the agreement, the parties have to meet at the office of the developer in order to and get hold of the No Objection Certificate that helps in selling the house or the property. This is done in a very transparent manner so that the buyer does not have any question about can I buy a house or not.

All the questions relating to Can I buy a house in Dubai are put to stop when the deposit is made along with the No Objection Certificate is in hands of the buyer from the seller. This should only be done once the remaining dues are settled or are likely to be settled within dates and also after gaining a proper knowledge of settling for the service charges related to the house.


Can I buy a house on my own?


It’s a definite yes to the question Can I buy a house in Dubai by self? There are a lot of developers in Dubai who sell fresh properties both to residents, as well as non-residents. These developers do not engage in resale properties and houses. The buyers can contact such developers and buy a fresh property rather than buying a resale property that has the involvement of an existing owner. All paper works for these purchases must be analyzed and verified at the developer’s office directly and the work can proceed in a smooth manner.

Where can I buy a house or when can I buy a house? In Dubai is no more a question after the year 2000 with the formulation of the new laws of buying and selling properties for both the residents and the expats.

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