What do I need to know when buying property in UAE?
When we asked expats what advice they would give a foreigner before buying a property in UAE, they said...
"Be careful of the planned purchases. I know several people who lost hundreds of thousands of dollars because they invested inthe plan and the developer went under. They did not give any money back. No lawyers can help. However, the risk is you get the property for way cheaper. Do the research on the developer and ensure they are on the up an up. Otherwise, purchase as is and enjoy," said a member in Dubai, UAE.
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"Be very careful who you putchase from. Be aware and well versed in the UAE laws and be very careful if choosing to buy prooerty off plan," remarked another expat who made the move to Dubai, UAE.
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What do I need to know when buying property in UAE?
If you live in the UAE, newcomers to the UAE would love to hear your answer to this question:
About the Author
Betsy Burlingame is the Founder and President of Expat Exchange and is one of the Founders of Digital Nomad Exchange. She launched Expat Exchange in 1997 as her Master's thesis project at NYU. Prior to Expat Exchange, Betsy worked at AT&T in International
and Mass Market Marketing. She graduated from Ohio Wesleyan University
with a BA in International Business and German.
Some of Betsy's articles include 12 Best Places to Live in Portugal, 7 Best Places to Live in Panama and 12 Things to Know Before Moving to the Dominican Republic. Betsy loves to travel and spend time with her family. Connect with Betsy on LinkedIn.