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Legal Information
Gifting property in Dubai – The difference between 4% and 0.125% transfer fee
Clients often ask about the option of gifting their Dubai property to a third party. What they usually have in mind is transferring title in the property to someone else, but on the basis of a gift transaction, rather than ... Read more
How to own your property – A structure that’s right for you
Once you’ve chosen your property, whether it’s for your own use or to rent out as an investment, you should think about how to structure that ownership. There are various options, and here we will look at owning in your individual name, in joint names, or ... Read more
VAT and Property – How does it affect me?
Those of us living and working in Dubai have now all entered a brave new world – one where a 5% rate of VAT applies to the supply of goods and services, unless they are specifically zero-rated or exempt. But how does this tax affect those involved ... Read more
Protecting a Buyer’s Pre-Payments
There are circumstances in which a buyer may make payments for a property prior to title to that property being transferred. This presents a fairly obvious risk for the buyer. We look here at how that risk can be addressed, and hopefully ... Read more
Joint ownership of Dubai property – What to consider
Many clients ask us about buying Dubai property in joint names. Their queries vary – Is it possible? Do we have to be married? What share in the property will we each have? What happens if one of us wants to sell? What happens if we get divorced? ... Read more