Wednesday 21 February 2024 (UAE)

Property, Real Estate and Mortgages in Dubai

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Real Estate and Property in Dubai

Buying a property in Dubai - where to start and questions to ask
Property Developers and payments in Dubai - Caveat Emptor

Most property developers take payments directly from property buyers and use those funds to develop the buildings. With the large companies like Emaar, Dubai Holding and Nakheel it would be extremely unlikely that the developers do a runner with your money. However there is a potential risk with the smaller or newer developers that have set up recently to construct something in Dubai. For example in April 2006, the developer of the Light House in Dubai Marina disappeared with investors deposits. The Dubai Land Department is investigating setting up escrow accounts to hold deposits and payments to avoid this situation. In the meantime, do your due diligence. One indication is whether or not you can get bank finance for a project - banks are usually risk-averse, and even at the end of 2006 there are still banks that do not offer any mortgages.

Property and Real Estate for Dubai - information and resources
UAE and Dubai Real Estate Agents
Mortgages and Home Financing from Banks in Dubai and the UAE
31 March 2007 Mortgage finance update
Property Law in Dubai

See the Dubai property law and legal issues page for information on:

Last update Tuesday 04-Mar-2014
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Abu Dhabi AUH ABD ADB, Ajman AJM, Al Ain AAN, Dubai DXB, Fujairah FUJ, Ras Al Khaimah RAK, Sharjah SHJ, Umm Al Quwain UAQ

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