On the contrary it states that the multi-storey buildings represent a single object property and register it – is one entry in the register. But … all the way objects are registered additional records in which the ownership stands at some apartments, indicating ground floor and general services. In this additional entry shall be made on the actual owner of the particular apartment: first name, last name and other personal data. The original documents are kept on buying real estate in the Department of tenure and property in Dubai. Upon registration of ownership of the real estate department Dubai property ownership and charges a fee. If the ownership is already registered and the owner gives it the right to another person, the new owner will be required to pay the registration fee.
Registration itself Property must be justified and approved by the necessary documents, namely, topographic maps, topographic map of the property, site plans, on which the property and the plan of the property. The law strictly regulates the responsibilities of the owner to immediately register all the changes carried out with real estate – redevelopment, reconstruction, and nothing will be left without attention and the corresponding registration in the Department. Any deviation from the requirements and provisions of the law commission of the UAE real estate or real estate registration rules, recognize the transaction invalid. And that most interesting, any person, department or court may challenge the transaction. Head of the Department granted the right to issue regulations and rules for the implementation of this law, which should lead to more successful and proper use of it. And another thing – what about real estate transactions in the UAE. Currently in Dubai are being built more than eighty-five thousand objects. Construction is not completed and ownership is not registered, because for the acquisition of assets under construction, you need only the original contract with the developer on the acquisition and sledku real estate under construction can be entered.
Buildings in Dubai engaged in only a few recognized (certified) companies and all their support government Emirate. A construction permit is issued by municipal authorities in Dubai. The requirements are very high, based on stringent provisions of the treaty of building, the Civil Code, which outlines the construction standards, because such nuances, as in Russia, with a change in the price of building and other "tricks" the builder or the customer is never created. You have purchased property in Dubai, but … suddenly realized it's not you. Do not rush to sell, turn in the lease. Currently, the market rental properties in Dubai, it is not too great, and because services lease of real property located in the prime is their golden age. As a local real estate experts predict the next five years, this market will only grow. Now, the net rental income of eight to ten percent. While service apartments costing from four to six dirhams per square foot (ft) per year (about 0.10 m2), and maintenance of villas – 600 – 800 dirhams a month. Real estate prices in the UAE vary depending from the object, in which real estate purchase, depending on the size and location of property. So for example: three bedroom apartments in one complex you can do from 300 thousand to one million dollars, and in other similar apartments will already cost $ 700 thousand to five million dollars, of course dollars.