REAL ESTATE - UAE

 

 

BUYING PROPERTY IN UAE

Can I buy a home in Dubai?

Recent Update:

In May 2002, the Dubai Crown Prince, General Sheikh Mohammed bin Rashid Al Maktoum, issued a decree allowing non-Emirati citizens to purchase residential property within certain areas of Dubai on a freehold basis. More than 2 years later, the resulting surge in demand is showing no sign of abating.

The new opportunity:

Sheikh Mohammed’s announcement was welcomed by the many thousands of expatriate residents of Dubai and frequent overseas visitors, who had grown to love the United Arab Emirates and admire the remarkable infrastructure and opportunities offered by the dynamic city state of Dubai. Furthermore, full rights of residency were to be offered to foreign owners of homes provided by selected leading property development companies.

Quality control:

The Government of Dubai has ensured that high quality standards would be maintained and keen competition in the interests of buyers from the outset by granting permission to build to a carefully screened selection of highly competent and financially strong organizations. In this way, it was ensured that the expectations of new homeowners could be met or exceeded.

Time-lines:

As the Dubai residential property scene is still very young, the majority of the homes available are newly built. In most cases, you will be buying from plan, and the property handover will take place 2-3 years later, providing ample time to organize your funding.

Why buy in Dubai?

Global commonalities:

It is often said that buying a home is often the biggest financial decision in a person’s life; and the experience can also rank very high on the emotional scale! Whether you are buying for the first time, trading up or seeking a second home, it is still likely to be a very significant decision. However, most of the key factors influencing your decision will be similar, wherever in the world you decide to buy: location, build quality, local services and amenities, security and investment potential.

Dubai residents:

Many people choose to buy in Dubai because they already live here and wish to move on from rental accommodation. If you are one of these people, you will be well aware of the attractions of switching from rental accommodation to investing in your own home. Thousands of families and individuals have been delighted by the opportunity to escape the previous necessity to rent and to see their hard-earned cash contribute towards their future prosperity.

Foreign visitors:

If you live overseas, a business trip or a relaxing holiday (or perhaps an energetic holiday!) in Dubai may have stimulated your interest in this Emirate. You might have friends or relatives, who already live here and have shared their experiences with you. Alternatively, you may have seen Dubai featured on TV travel shows or read about the destination in lifestyle magazines.

The Dubai difference:

By many means, overseas visitors are discovering the quality of life available in Dubai. Some might be seeking a comfortable and convenient base for family holidays. Others recognize the benefits of owning a home here as a potential retirement retreat. Also, many business people have identified the pure investment potential of owning property in Dubai in order to earn a favourable rental income.

A world of choice:

Whether you are looking for a holiday or retirement home, or purely interested in an overseas re-rental investment, there are obviously many alternative locations to consider around the world, so what makes Dubai different and special?

What can I buy in Dubai?

A range of options:

There are now over 20 new residential communities in Dubai, which are completed, partly completed, or announced and on sale, in which anyone can buy a home. These are located throughout the city area within a radius of approximately 20 kilometres of the central business district, where the Sheikh Zayed Highway runs alongside the emerging Burj Dubai district and Dubai International Financial City.

A dynamic environment:

The Dubai property development sector has risen energetically to its challenge and, as a Dubai home-seeker, you will discover an impressive range of options:

You can live in a luxurious villa at ground level or a futuristic apartment building, which soars hundreds of metres into the blue Dubai sky. Choose between city living, waterfront locations, desert settings, championship golf courses, an equestrian centre or even a clutch of man-made islands. Whether your tastes favour an Arabic, Spanish or New York architectural and decorative theme, you are likely to find many intriguing alternatives. Property portfolios: Indeed, if you were unable to select between the many styles of home on offer, but are lucky enough to have sufficient funds not to have to choose, there is nothing to prevent you from owning 2 or more Dubai properties!

The cost of Dubai property

There are homes to suit every budget and everyone’s needs should be satisfied, from a young bachelor, seeking a functional, studio apartment to a millionaire seeking a grand and exclusive mansion on its own hilltop.

New homes:

The Dubai property market currently comprises a majority of new homes, so the local developers will be able to provide you with pricing information at the launch of each new project, 2-3 years in advance of its completion date.

Pre-owned homes:

Naturally, as time progresses, the secondary residential property market is taking shape in Dubai. Already, there is a large and active real estate sector to handle private sales. As well as finished homes, it is possible to transfer an uncompleted property between owners, and there is a flourishing market for those who wish to take earlier occupancy.

Is a Dubai home a good investment?

Taking a long view:

Only you can decide this, however, any reputable financial advisor will tell you that your home should be considered as a medium to long-term investment. Also, the enjoyment and experiences gained over many years of home ownership should make buying a home far more than a basic financial decision. To date, the level of demand for Dubai residential property has resulted in very respectable uplifts in the value of properties already on the market.

Emerging market factors:

Dubai is generally recognized as offering superior value on a dollars-per-square-foot basis, compared with most modern and desirable urban and semi-urban locations around the world. In this respect, buyers may still benefit from Dubai being a "new" home owning location, however, this particular secret is being shared around the world very fast!

Are there facilities and amenities?

Current status:

Residents of Dubai have become accustomed to having a good range of recreational facilities on their own doorstep, provided at no additional charge under the terms of their rental agreements. So, the challenge for the home ownership sector is to set the quality standards ever higher!

Standard amenities:

Your property research will almost invariably reveal a long list of “extras”, in terms of exercise and leisure opportunities. You can normally expect free access to swimming pools, gymnasia, tennis and squash courts. In addition to this, certain residential communities are custom-built to share their space with superb golfing and equestrian facilities. If you decide to live by the water, there will also be mooring facilities for boating enthusiasts.

Shopping & dining:

It is customary for residential communities to be provided with a full complement of retail and dining outlets, ranging from high fashion to convenience stores and chic restaurants to fast food takeaways.

Deluxe extras:

The larger developments will often also have five star hotels nearby, offering further recreational, eating and shopping options. Indeed, should you decide to set up home within the Burj Dubai community, you will be within easy access of the biggest shopping area in the world, the Dubai Mall. Also, for a special treat, you can book a table in one of the sky-high restaurants of the Burj Dubai tower, the tallest building in the world.

Suggestion:

To learn much more about what Dubai has to offer residents and visitors, visit the About Dubai section of this website. Dubai is truly a city, which knows no limits when it comes to having fun!

How does the purchase process work?

There is fundamentally no difference in buying a home in Dubai, compared with most other long-established property markets.

Cash or mortgage?

Whether the vendor is an individual or a development company, the buyer may choose whether to pay cash or obtain mortgage finance, to spread his payments over time; non-Emiratis are allowed to finance their home in Dubai over any period, up to 15 years. To satisfy this need, several specialist mortgage companies and local banks now offer loan packages.

Previewing new homes:

If you live in Dubai, or are able to visit, you can take the opportunity to take in some of the developers’ dedicated presentation centres, where you can take as much time as you wish to view scale models of the new communities, review the property brochures and ask questions from hospitable and helpful members of staff over a soft drink.

Internet research:

Should you be an overseas investor, the leading developers all maintain user-friendly, English language website, to present their credentials and to keep you posted of any new releases of homes. All of them provide telephone, fax and email contact details, for you to make specific requests or register your interest as a potential buyer.

What other costs should I consider?

Service charge:

Owning a new property in Dubai will generally require the owner to contribute an annual service charge, which will vary, according to the level of amenities provided by the developer. Within a specific community, the scale of these charges will normally relate directly to the overall floor area of your home.

Optional extras:

You may also choose to customise your home to suit your specific needs and enhance its value further. For example, many people have installed a private swimming pool in the garden of their villa, or made modest modifications. Permissions to conduct such modifications are generally not difficult to obtain, providing safety factors are addressed and your changes do not detrimentally affect your neighbors, their properties, or the visual amenity of the neighborhood.

What if I don’t plan to live full-time in Dubai?

Absentee owners:

Should you intend to spend most of your time outside Dubai, you need not worry about the maintenance or security of your home, as there is an extensive support infrastructure already in place. There is also a substantial residential rental market, which caters for the majority of the Dubai population.

Pool services:

For those owning a villa with a garden, there are many facilities management companies, providing reliable services with good value for money, which can keep your surroundings in prime condition. Many families also install their own swimming pool, which can also be regularly maintained under a straightforward service agreement.

Concierge services:

As you would expect, the needs of overseas owners have encouraged many full-service, property management companies to establish a presence in Dubai. Some of these companies are homegrown and some are affiliates or associates of international organizations. For the ultimate peace of mind, serious consideration of this “one-stop shop” option is recommended.

 

BUYERS GUIDE

This guide is intended to examine various aspects of purchasing a property in Dubai and guide you through the buying process. Purchasing property in Dubai is an exciting option for property buyers, but as with all worldwide property. Therefore, certain issues need to be considered. This will give you the knowledge of the steps that must be taken in order to own and invest in a property in Dubai.
Eligibility 
Any nationality, whether based overseas or a resident of Dubai, can purchase in the freehold areas of Dubai’s Real Estate market.

Documents Required

By an individual:

Passports for all Buyers

Signed Buyer Agreement known as Form B

By a company:

Certificate of Incorporation

Memorandum and Articles of Association

Board Resolution

Power of Attorney

Signed Buyer Agreement known as Form B

By an overseas company:

All of the above must be attested by the UAE  Embassy

Signed Buyer Agreement known as Form B

Residence Visa

In general, the Dubai Government issues residence visas to new property owners. These will be subject to the current immigration rules and regulations and need to be renewed every 6 month. Under the current regulations, the property purchased should be above 1 million AED to qualify for a residence visa.

Freehold and Leasehold

Freehold is available on the majority of developments. However, there is leasehold properties in Dubai with tenure from 30-99 years should that be of interest to any party.

Mortgages

A number of financial institutions in Dubai are offering mortgages to non-resident property buyers, and in addition most developers offer purchasers attractive deals with packages that offer amounts of up to 96% of the property value. The mortgage market in Dubai is a fast growing commercial enterprise and many banks are offering mortgages to non-residents, but there are limits in the type of mortgages available

Government Taxation

It is great advantage of buying a property in Dubai is that it is a tax free country and neither is there a capital gains tax. When the Dubai Lands Department registers the property title, buyers must pay a 1.5% registration fee based on the purchase price.

UAE Bank Accounts

To buy a property in Dubai, buyers do not need a local bank account. The services of a local solicitor can be employed, who can then receive your transferred funds into a dedicated client account. The solicitor can then arrange for all payments to be made to purchase the property. In fact, if you assign your solicitor as power of attorney, it is not even necessary for you to be present at the time of property transfer. This can make the buying process very simple for overseas buyers interested in the Dubai Real Estate Market. If you would rather have your own bank account, then this option can also be easily arranged through banking partners.

Fees to Consider

There are a number of fees involved. To register the property in the new property owner’s name, you are required to pay a transfer fee to either the Developer (Under Construction) or the Dubai Lands Department (Completed) depending on the status of the property. If you’re purchasing with a mortgage then there is also a payment of 0.25% of the value of the loan to be paid to either the Developer or Dubai Lands Department.  In addition, should the property you’re buying be complete and already in use, there is a service maintenance fee that must be paid to the seller on a pro rata basis.  Helping you through the process of buying from A to Z we charge fees of 2% of the purchase price to the buyer. This is an agency fee which is payable upon the time of purchasing a property.

Service Charges

Service Charges are levied in order to maintain the various common areas and facilities of the community or the building.  Generally, it is to ensure that the properties are properly managed and administered. In many of the new property developments and residential buildings throughout Dubai, service charges are levied on the owners by the co-owners associations, and collected by a manager appointed on behalf of the associations. In a lease situation, these charges will generally be paid to the landlord. Services charges throughout Dubai vary widely, depending on the area and sophistication of the property in question. Larger community developments also charge their property owners an annual community charge, which is normally paid to the master developer of the project.

We advise all our Buyers to find out their obligations to their Owner’s Association before purchasing a property.

Developers’ Obligations

Developers’ obligations to complete and handover property on time are dealt with contractually under the sale and purchase agreement (or as applicable, the lease agreement). If the property is not yet constructed, the agreement will typically provide an estimated handover date and usually the agreement will allow the developer a fair bit of latitude in terms of extending the date. As in many other regions, purchasers must be prepared to anticipate possible delays when awaiting possession of a property under construction. Once the property has been handed over, the developer has an obligation to provide a 10-year warranty to maintain the property.

Warranties

Warranties covering defects in property are dealt with contractually, but it is common in Dubai for developers to repair general defects for a one-year period. There are codes of standards applied by the Dubai Municipality regarding building permits and contractual clauses. The developer will have to maintain the standards as stipulated in the regulations issued with regards to building construction, and also safety issues. In the event of a problem, assistance can be found from the contract entered into with the developer. This may contain building covenants, which often provide a guarantee of workmanship of 10 years. There is also the civil code of the UAE, which contains protection regarding building standards. Under the Civil Code, building engineers and consultants are liable for structural defects to a building for a period of 10 years.

How Do I Buy A Property?

Provident estate will find you the property that’s suited to both your needs and wants. Once you have signed his Agent Agreement, the search for your desired and specific property shall begin.  Once we have found the property you’re looking for and a price is agreed on with the seller, a deposit amount of 10% of the agreed price is required at the contract-signing stage of the Memorandum of Understanding (MOU) also known as Sale & Purchase Agreement (SPA).

This deposit is held by us in trust. Once the MOU/SPA has been signed by both you and the seller, we will introduce you to the Conveyancing Partners who will be responsible in aiding you through the process.  The completion of the procedures which will be finalized at either the Developers or Dubai Lands Department office. The transfer procedures and requirements are different depending on the status of the property based on whether it is under construction or completed. Our Conveyancing Partner will provide all the guidelines and assistance to ensure the property is transferred into your name as smooth and hassle free as possible.

Purchase Time Frame

Purchases normally take between two to six weeks to complete through our Preferred Conveyance Partners who will handle the process on your behalf until the completion of the transfer.

Can I Re-Sell The Property?

You can sell your property to anybody. This means that they will either take over the payments to be made to the Developer should the property still be under construction, or pay 100% amount due to you should the property be complete and fully paid.

 

BUYING FREEHOLD

Dubai was the first emirate of the United Arab Emirates (UAE) to get involved in freehold real estate, at a time when UAE and GCC nationals were only permitted to own property in the United Arab Emirates. Buying real estate in the Emirates is slowly changing and becoming more available to expats.

In 2001, the Dubai government agreed to allow expats to have a 99-year lease of particular Dubai property, but in May 2002, the crown prince of Dubai, Sheikh Mohammed bin Rashid Al Maktoum, issued a decree allowing foreigners to buy property on freehold ownership. After Sheikh Maktoum's decree, this sparked the real estate boom in Dubai's residential property.

The purchase of property on freehold basis means that the property is put in the owner's name for life, and the owner has the right to sell, lease or rent his/her property at their own discretion. Property owners and their immediate family, may be granted a renewable Dubai residence visas.

FAQ's in Buying Freehold Property

Why was the Law enacted?

The Law was enacted for the following reasons:

Primarily to control and aid the existing practice in relation to property registration for UAE Nationals;

To further clarify and confirm the actual status of GCC Nationals in regards to their rights to own Dubai property;

To select development projects that can be owned as freehold property by foreigners;

To provide a regime whereby individuals can be provided with a confirmation of their rights to purchase and own a property in Dubai, as well as the security of having title to the property registered to them.

What is the status of UAE and GCC Nationals under the Law?

There is now no distinct difference made between UAE and GCC Nationals, as they are to be afforded equal status under the regulations.

With the laws, both UAE and GCC Nationals can own any property anywhere throughout Dubai and have the title registered in their name at the Land Department. The property right that they may own includes freehold ownership, a long lease of up to 99 years, the right to build on the land owned by another person, known as the right of Musataha

What is the position of ownership for nationalities other than UAE or GCC Nationals?

As specified in Article 4 of the new Law, all nationalities other than UAE or GCC nationals have the right to own freehold titles, a 99 year lease, or a usufruct right in the above mentioned designated areas of Dubai, as determined by the Ruler’s approval.

It will be set to include the expected projects within the portfolios of Dubai Properties, Nakheel and Emaar among others. And a variety of other projects may also be included, for example, those located at Dubailand.

Does the Law distinguish between foreign individuals and companies?

Both are able to purchase property in the selected areas. The right to own property in the Ruler’s designated areas and obtain a registered title has been extended to both foreign individuals and foreign companies, but with regards to any company that wishes to buy property, they must be able to prove its lawful existence in its home country.

What is the status of long leases in areas other than those designated by the Ruler?

Long leases differ from freehold property in that long leases in areas other than those designated by the Ruler are not registerable at the Land Department by foreigners under the new Law.

However despite this, these leases remain as personal rights and are fully legal in all regards. Unregistered long leases in areas outside of those areas designated by the Ruler remain enforceable as personal contractual rights between the parties. In regards to any dispute that might arise from an unregistered long lease will still be adjudicated by the Rent Committee.

Is there any way for a foreigner to own property in non-designated areas?

Article 26 of the new Law deals with the circumstances where agreements are made that purport to give a property ownership right to someone who is not entitled to own it, and who is therefore not entitled to register it under the new Law.

Article 26(1) states that any agreement or sale made in violation of the provisions of the Law (or with the intent to circumvent its provisions) shall be null and void. Article 26(2) goes further to say that any interested third party; the Land Department or the public prosecution has the right to request the court to declare such a transaction void.

Therefore the law is fairly clear in this regard and that is there is no way under the new Law for a foreign person to own property in any non-designated areas.

If a foreign person wishes to “own” property in the non-designated areas, his only option would be to enter into a long lease for the property, which, although will not be possible to register, will not go against the provisions of the new Law.

Why is registration of title so important?

This is of such a large importance as registration of a person’s interest on the title of a property provides conclusive evidence of his ownership. Article 22 of the new Law provides that the Land Department shall issue a title deed of real property rights in accordance with the current records in the Real Property Registers. Article 24 goes further to say that the title deed referred to under Article 22 shall have absolute power of evidence to establish real property rights.

What is the process for title registration?

Article 6 of the new Law states that the Land Department shall solely, to the exclusion of others, be authorized to register real property rights and long term leases as provided under Article 4. Once a property is completed and handed over to the purchaser, the purchaser can then procure the developer to register the title to the property in the name of the purchaser in the Real Property Register at the Land Department.

The Sale and Purchase Agreement as well as the accompanying scheme documentation will possibly need to be translated into Arabic (which should be undertaken by the developer). The purchaser will then be asked to sign the Land Department standard transfer form, for the internal use of the Land Department. This form will provide the details of the parties, the property, the purchase price, etc.

Will the Land Department charge fees for the registration of these transfers?

It is possible that both the seller and the purchaser will be required to pay the Land Department’s fees at the time of title registration. These currently amount to 2% of the purchase price, which can possibly be broken up by having 1.5% payable by the purchaser and 0.5% payable by the seller. However as is most often the case, developers commonly require the purchaser to pay the full 2%. This fee is currently under review and may possibly change in future.

Will the Land Department charge the 2% fee on the original purchase price or the most recent purchase price?

At the present time, it is the practice of the Land Department that the fees are charged based on the original purchase price. However as stated above, the Land Department could potentially introduce some new rules in regards to this issue, it is envisaged that the basis on which fees are levied may change. This could therefore involve taking into account the purchase price in any on-sale agreements or the market value of the property.

How would the Land Department know the “market value” of the property for the purpose of ascertaining what amount the 2% fee is to be levied on?

Article 6, point 7 of the new Law requires the Land Department to “lay down the rules in connection with the evaluation of real properties”. It is not totally clear at the current time but it is envisaged that the Land Department will employ its own expert valuers. The Land Department’s valuers will be tasked to verify a property value; and provide a valuation for a prospective purchaser, if the prospective purchaser so requests.

What about developers’ internal registries?

Article 6 of the new Law states that the Land Department shall solely, to the exclusion of others, be authorised to register the real property rights and long term leases as provided under Article 4.

Simply what this means is that any register and any sort of database maintained by a developer is not recognized under this Law. Once we have the Ruler’s approval of the designated areas, the formal process of the Land Department registrations can begin. The developer’s internal registrations will be replaced by the formal registration in the Land Department in situations where physical hand over of properties has taken place. Though, where a property is still under construction, developers will no doubt continue with their current practices and to maintain their own internal registers.

If a third party purchaser has paid a developer a registration fee, will an additional registration fee be payable to the Land Department?

Yes, currently the law states that A purchaser will pay two fees. Take developer EMAAR, for example. They charges registration fees in additional to the fees payable to the Land Department.

However it is worth noting that this law is only applicable during this transitional phase, and once the Land Department registration process is in full swing, no registration fees should be payable to developers.

How will apartments be registered?

Article 23 of the Law is the only Article dealing with the registration of individual apartments and offices in a multi-storey building. The Land Department is currently working on a new Strata Law which should be issued within the next few weeks. It is envisaged that this new Strata Law will fully deal with issues such as ownership and management of the common areas in the building, Co-Owners Associations, rules of occupancy and so on.

However, Article 23 generally sets the tone by stating that a multi floor or apartment real property shall be considered as a single real property unit and a folio shall be designated thereto in the Real Property Register.

Supplementary folios in the names of the owners of such apartments and floors and common areas shall be added to the original folio. However in practice it can probably be expected for the Land Department to open a main register for the building itself, and within the main register there will be a sub-register for each apartment or office.

The owner of an apartment or office will be registered as owning the freehold interest in his unit, together with an undivided share in the common areas of the building, calculated in accordance with his participation quota. It is envisaged that the Constitution of the Co-Owners Association and the Master Community Declaration (where applicable) will be registered on the main building register with a notation of such encumbrances will be shown on the title of each individual unit.

Will the register at the Land Department be open to public inspection?

Article 5 of the new Law states that a third party may inspect the property register and obtain a certified copy of it, provided that the enquirer has a legitimate reason for that inquiry. Which effectively means that a potential purchaser of a property, for example, will be able to make his own inquiries directly with the Land Department in relation to the ownership and any third party rights attaching to the property.

Who will settle disputes under the new Law?

Now any disputes would be with the Dubai courts. Presently the forum for settling disputes under the new Law, will be filed a claim directly with the Dubai Courts but there is also a possibility of the Land Department establishing its own arbitration and conciliation service, but the Land Department has not yet confirmed this.

It must be noted that, in relation to unregistered long leases, these fall outside the ambit of the new Law and the Rents Committee retains jurisdiction of any disputes arising between landlord and tenants.

What remedies are available under the new Law?

Article 10 of the new Law deals with disputes. In short, specific performance is not available as a remedy under the Law, but the available remedy is damages. For instance, if a seller defaults in his obligations under a Sale and Purchase Agreement and does not transfer the property to the purchaser, the purchaser can only claim damages from the seller for the losses suffered and cannot force the seller to transfer the property to him.

How does the new Law affect the inheritance rules of property?

Article 11 of the new Law states that any inheritance declaration that includes real property rights shall be registered in the real property register. It further states that no dispositions by any heir in connection with any such rights shall be valid or effective against third parties, unless such dispositions are registered. In practice this means 3 things:

The relatives of the deceased have to apply to the Court for a declaration that identifies the beneficiaries;

The beneficiaries than apply to the Sharia Court to commence succession proceedings; and

The inheritance declaration is registered on the deceased’s title at the Land Department.

It is only when all the above process is followed, will in the eyes of law, the beneficiaries be recognized as the owners of a property.

But what Law will the Court apply to determine who the beneficiaries are of a foreign national?

Article 17(5) of the Federal Civil Code states that the Law of the UAE will be applied to wills made by expatriates disposing of their real property which is located in the UAE.

However, a new Federal Law was passed at the end of 2005, the Personal Affairs Law (No. 28 of 2005). It appears that, as a result of the new Personal Affairs Law, a foreigner can opt for the laws of his own country to apply on the question of inheritance of his property. Although this is not entirely clear, it is believed that the Land Department supports this view.

How does a person’s residence status relate to property ownership and why was this not dealt with in the new Property Law?

Residency is a Federal Government issue and not a local property law issue. In principle, a person could own a property in the UAE and choose not to reside in the property. The issue becomes a little clouded by the fact developers are offering visa with a property purchase, but despite this fact that the two issues of ownership of property and residency/ sponsorship should not be confused.

 

INDEPENDENT ESCROW

Provident Real Estate Broker and enTrust & Title Ltd have partnered up to offer transparent and secure transactions between Buyers and Sellers.

enTrust and Title is the first Escrow & Title Conveyance Services Company in Dubai, UAE. It is licensed and recognized by RERA and the Dubai Land Department.

The Company offers transparent, safe, easy and effective ways to facilitate the transfer of ownership. Its skilled resources with in-depth experience, instill, confidence, security and peace of mind to the enormous and sometimes intimidating task of buying and selling or renting/leasing real estate.

In response to the challenges of the real estate market, the Company’s process offers protection to the Buyer, Seller, Landlord and Tenants. The issues of legal ownership, authority to enter into contract, registration of deed, misrepresentation, financial disclosures, and non-availability of documents in time for a resale, are resolved when using the Company’s enTrusted Escrow Services.

The Company’s proprietary state of the art technology such as digital biometric authentication of all principals mitigates financial risks to the Buyer, Tenant or the Lender. The Company stands behind its quality of service by offering limited and renewable guarantees to ensure proper and complete transfer of Title at the close of transaction.

As an independent neutral third party, the Company works with Brokers, Agents, Attorneys, Developers and Lenders. Its services may be used for residential, commercial, retail real estate, or a business.

enTrust & Title is managed by executives with deep domain knowledge and over 23 years of experience in providing such services in California.

 

FINANCE

Dubai is widely recognized as a stable country, providing a relatively safe environment for investment. Many banks are willing to fund real estate purchase by nationals and foreigners.