Guide to Buying Property in UAE


It’s really a challenging job finding the right UAE property advisor. The UAE property market is very different to other countries in the world; making sure you have a UAE real estate agent you trust to guide you through the process is vital.

Al Hamra Real Estate Development Company is one of the most established estate agents specializing in property for sale in the most sought-after areas of Ras Al Khaimah and the Al Hamra Real Estate Development provides a bespoke UAE property buying service, making sure you find the right UAE property whilst supporting you throughout the buying process.

Living in UAE

Al Hamra Real Estate Development Company can help you with every aspect of relocating to UAE such as giving suggestion on where to buy property according to your work or lifestyle needs.

Legal framework

Anybody of any nationality, whether founded abroad or a citizen of UAE , can buy in UAE's freehold property market in specified areas as approved by His Highness the Ruler of the UAE. You aren't required to maintain any kind of residency or similar permit to be able to buy property.

Procedures

The procedures for buying real estate in UAE are simple, generally.

Property Buyer and Property seller agree terms

The parties meet at the offices of the developer to apply for a No Objection Certificate (‘NOC’) to sell the property.

The buyer meets at the office of the property developer to apply for a No Objection Certificate (‘NOC’) to sell or buy the property.

The developer will most likely concern the NOC against a payment of a fee once the builder is satisfied that any amount because of the developer by means of service charges have been resolved in full.

After the NOC is issued, the partied have the ability to go directly to the office of the UAE Land Department to officially transfer the ownership. The UAE Land Department will insist upon repayment of the price being made in the form of the manager's cheque made payable to owner on the time of transfer. Once formalities are finished, a fresh title deed will be given in the name of the customer.

If the customer is buying with a home loan then your bank's engagement will be needed. If owner has a home loan on the house the buyer must negotiate the seller's home loan in full before the NOC request. This escalates the risk for the customer and means the deal is more difficult.

If you want to buyproperty in Ras Al Khaimah then Al Hamra Real Estate Development will be the right choice for you. Al Hamra Real Estate Development is a leading real estate developer in the Middle East. Al Hamra international real estate service provider offering a comprehensive array of consultancy, transactional, management and maintenance service to regional customers and global investors.

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