Dubai Real Estate Property Update

Consternation has set in the U.A.E. property market in Dubai with the latest announcements of regulations and requirements. This is however a problem that falls to the lot of the developers.

For Dubai real estate property investors and home buyers this is not something they need to fret over though, as the reforms and news rules introduced are very much in their favor.

For instance, one of the laws introduced at the recent Dubai Property Society meeting requires developers take possession of the land first and then make sure that their building permits are sorted out before they launch any project. This way there is less of a risk involved for Dubai property sale investors.

On the mortgage issues front, there is a stipulation included which allows only banks registered in the U.A.E. to issue them. The banks in turn have to be registered with the Land Department. For existing mortgage holders it is necessary they register their mortgages unless they want to forfeit them.

These recent laws notwithstanding, the Dubai property investment market has it much better given the current status of the global economy. Of course, the fact that there is no tax involved makes it easier to draw in foreign investments, especially where Dubai, U.A.E. real estate is concerned.

Selecting Dubai real estate consultants who are thoroughly acquainted with the U.A.E. property market to help you out with your investments can be of great help. At our real estate company in Dubai you can get express help and consultation regarding real estate in Dubai.

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