Real Estate is a booming sector in Dubai. It has always been a booming and lucrative sector in Dubai. It involves the sale and purchase of assets or a fully constructed structure. It involves rent business, it involves buying selling businesses, etc. Potential investors need to have apt knowledge of the real estate jurisdictions before going for any such deals. Real estate legal consultants in dubai play a key role in this regard. They collaborate with the overseas or foreign national clientele who intend to gather legal know-how of the real estate sector in Dubai before putting in the stakes. Every buyer or seller must be fully aware of the legal jurisdictions while finalizing a deal of acquisition or selling. Legal Consultants in dubai have specialized legal knowledge of the real estate business and act as legitimate advisors for educating their clients regarding the three main categories of Property Law. Previously, non-native capitalists or buyers could not acquire any sort of property ownership in dubai. But after some amendments in the estate laws, non-citizens can now do property acquisitions based on the policy of leasing or renting. The person acquiring it can obtain a lease period of 99 years which needs to be sanctioned by the State Government. But the 100% ownership does not fall under the entire country. Specific areas are made with the plan where full ownership is granted to buyers. However, the entire UAE, especially Dubai is one of the best places in the world to invest in Real Estate. In Dubai, properties like flats or residential houses are given on rent for one year only. Tenants sign a written agreement for it which is called Tenancy Contract. After one year, it is upon the discretion of the proprietor to renew the contract or not. During the contractual time, it is illegal for the landlord to increase the rent. After the contract ends, they reserve the right to make an increase of 15% to the maximum in the rental fee. The rules and regulations can be changed or stopped during or post pandemics, which can be checked with the lawyers/government authorities. Inheritance laws on property involve certain complexities. If the owner of the property is a non-native, then in case of his death the inheritance laws of his home country shall also be applied. It is based on the latest amendments that came in 2020. In case the property owner holds dual citizenship then it becomes increasingly difficult to figure out the ownership of legal heirs. A Will registered in the UAE or Dubai is deemed mandatory for foreign nationals to avoid any legal complications and makes it easy to proclaim the rightful inheritors. If there is no registered will, then the property distribution falls to the local court’s discretion or it will be held by the State.
An immigrant is a person who moves base from his country of origin and starts residing in an overseas country permanently. Every country has proper jurisdictions regarding the rights and rules of immigrants to ensure a harmonious and safe survival for them in an alien country. Legal consultants in Dubai are vital especially for parties intending to establish a company in dubai. The legal advisors will guide them in fulfilling the necessary legal criteria for getting the State permission for such ventures. Dubai has a detailed legal framework concerning Immigration laws. It is a highly sought-out city of the United Arab Emirates for immigrants from all around the world. Immigrants pick out this city of diverse opportunities mainly for work purposes. In case a company is interested in hiring expatriates for a job designation, it is bound to carry out all the legal proceedings of immigration and visa issues of the selected candidate. It becomes essential for the candidate to get the necessary know-how from the legal consultants regarding immigration regulations to know what he is vouching for before accepting the job offer.
In recent times, many amendments have been made to the Immigration Law of Dubai to ease out the relocation of interested foreign national candidates to this city. The revised rules have created better business opportunities for venture capitalists and a wider bracket of employment options for immigrants. There are various choices for immigrants to secure a living permit. The first option available is that the non-natives need to apply for either a Student visa or a Reunification visa. The second option for them is to apply for Employment visas by getting a job proposition from a Dubai-based company. The company will then become liable to get a residence visa for them, ensuring their stay permit. Candidates interested to settle permanently can also secure a residing permit by applying for an Investor visa if they are interested in setting up a business here. All these ways are no sure platforms for getting access to this city of infinite possibilities. In some cases, visas are granted if the candidate has a financing body backing them where they wish to reside.
Note: Opinions and posts can not be a final note unless the latest rules are confirmed with the government authorities. We suggest readers consult with the licensed emirati lawyers or the government authorities to get updated for taking the right legal action.