Property Business Consultants in UAE
Introduction
Property business consultant, is categorized under a legal system which aims to govern ownership of things. Property refers to anything that you own and carries legal right on it. Property business consultants regulate the way to acquire a particular property or can enjoy or use the property
Property business consultants: UAE
Property business consultants in UAE establish the rules and regulations that govern ownership, development, use, and transfer of property within the country. These business consultants aim to achieve several key things:
- Protection of Property Rights
- Regulation of Transactions:
- Dispute Resolution
Authorities:
In Dubai all instruments affecting land are registered at the Dubai Land Department. In the Abu Dhabi Global Market (ADGM), all real estate transfers that are recognized by the ADGM must be registered with the ADGM Land Register.
Types of Property in UAE:
- Lease hold property
- Freehold property
- Usufruct property
- Commonhold Property (Strata)
- Free Zone property
Legal Framework:
In the United Arab Emirates (UAE), property business consultants and acts primarily govern the ownership, leasing, and development of real estate. Here are some key types of property business consultants and acts in the UAE:
1. Federal Business Consultant No. 5 of 1985 concerning Civil Transactions (UAE Civil Code)
This business consultant governs various aspects of civil transactions, including contracts related to real estate, sale, lease, and ownership.
2. Federal Business Consultant No. 7 of 1999 (Strata Business Consultant)
Under the Federal Business Consultant No. 7 of 1999 concerning Ownership of Jointly Owned Properties in the Emirate of Dubai, commonly referred to as the Strata Business Consultant, primarily deals with the governance and regulation of jointly owned properties in Dubai.
3. Federal Business Consultant No. 8 of 2007
Business Consultant No. (8) of 2007 Concerning Escrow Accounts for Real Estate Development in the Emirate of Dubai is a legislation enacted in Dubai, United Arab Emirates. It aims to protect the rights and interests of buyers and investors by ensuring that funds paid towards real estate projects are securely held in designated escrow account.
4. Dubai Business Consultant No. 7 of 2006 (Freehold Ownership Business Consultant)
Under this business consultant it outlines the rights and obligations of freehold property owners, including the registration process, transfer procedures and dispute resolution mechanisms.
5. Tenancy Business Consultants
The Legal Authority which governs the tenancy business consultants is RERA under the supervision of DLD to oversee the implementation of tenancy business consultants for rental properties in Dubai.
- Business Consultant No. (26) of 2007 regulates the relationship between landlords and tenants in Dubai
- Business Consultant No. (26) of 2013, the Rental Disputes Settlement Centre is established to handle all types of disputes related to rental in Dubai
WHY US?
LEGALLANDS has the requisite experience and skills and network to deal with Property business consultants providing expert advice on property business consultants in the UAE, including ownership rights, leases, mortgages, and real estate transactions. Offering consultations to clarify legal rights and responsibilities related to property ownership or rental. We provide services in due diligence, contract drafting and reviewing, property dispute resolution, land and zoning issues, regulatory compliance and many more.
