Since the Covid-19 limits were relaxed, demand for new residences in Dubai has increased dramatically. International buyers are swarming to invest in Dubai in order to benefit from the city’s low costs and financing rates. Deals valued at DHR 14.97 billion were completed in Dubai in June 2021 alone, the biggest amount since December 2013. By the end of 2021, it is anticipated that the DHR 100 billion mark will be crossed in the Dubai real estate market.

However, amid this frenzied rush to invest, there are a few steps you should take to be sure your paperwork is in order and the transaction is genuine. Here, the assistance of a knowledgeable conveyancing attorney in Dubai will be quite beneficial.

Describe Conveyancing.

Transferring legal title from one person to another is known as conveyancing.

What makes a conveyancing lawyer necessary?

As you might expect, there are steps and approvals to get through before you may buy or sell real estate in Dubai. A skilled conveyancing attorney can provide insightful counsel and knowledge to guarantee the deal closes without encountering any legal obstacles.

How Can a Conveyance Attorney Assist With a Transfer?

Use the expertise of a property conveyancing specialist to ensure a smooth transaction. With more than ten years of experience in the UAE real estate market, TWS can help with the following:

  • Assemble and confirm the required paperwork, including the Memorandum of Understanding for the transfer of property.
  • Give advice on unique circumstances and each party’s responsibilities during the process.
  • Ascertain that the appropriate fees are paid to the developers of the property, the Dubai Land Department, trustees, and brokers.
  • Make sure the calculations for all expenses and payments are correct.
  • Obtain clearances and approvals from the facilities management company and property developers.
  • aid in submitting a mortgage application to banks or other financial organizations.
  • At final closure, deal with the Land Department and transfer the title deed as soon as possible.
    creating a UAE Power of Attorney in the event that you are not able to handle the transfer yourself

    Whether you are a buyer or a seller, our experienced real estate team at MSH Legal Services will support you and assist expedite the process. We can prepare a can in the UAE to protect your assets from local inheritance rules, and we can also defend your interests once you have purchased your home. To make sure your assets are safe, purchasing real estate in the UAE and having a current Will or UAE Power of Attorney go hand in hand.