The Dubai Land Department (“DLD”) as the Emirate`s governing body overseeing property transfers now also allows for registration and execution of so-called deferred sale agreements. Such agreements describe a particular ownership transfer of real estate assets where the ultimate transfer of title remains pending until all deferred considerations as per the contract have been settled.
With comparatively high yields on property in Dubai the option of taking up a loan and purchasing the property instead of renting can make good sense.In this article I would like to address the must crucial aspects within the property mortgaging process that you should be aware of and carefully take into account. I will address the points that I deem to be relevant in the chronological order that they are to be tackled while going through the process.
Embedding real estate assets within corporate structures has been practiced for years for a variety of reasons.Whether it is to shield assets from the owner`s private sphere and thus contain i.e. liability risks, whether it is to pass on assets to certain persons or legal bodies possibly bypassing succession laws; reasons are diverse and go well beyond the regularly-cited tax evasion.