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How do you sell your property?

Discussion in 'Dubai property' started by sammyboy999, Aug 21, 2008.

  1. sammyboy999

    sammyboy999 New Member

    Hi. I'm new to this forum and was just wondering how the resale market actually works in UAE.

    I have seen lots of members advertising apartments which are still off-plan or completed, but I'm not clear how the process works. As far as I can see, there is no conveyancing and there is no involvement of solicitors as there is in the UK, so how can you be sure that you're not going to get ripped off? Is it normal practice to use ESCROW accounts, and if so, with which providers?

    Thanks in advance

  2. Wannaberich

    Wannaberich New Member

    Whether u are buying a completed property or off-plan you will need to give someone in Dubai your Power of Attorney in Dubai if you are not planning on going over there.
    They will be able to legally carry out duties on your behalf.Otherwise you may be able to by-pass that by buying from real estate companies who have offices in both Dubai and the UK like Betterhomes or Sherwoods.
    I would also buy from reputable companies such as these two rather than from unknown agents on this site(no offence u guys).
    There is no conveyancing or going through solicitors for the most part.
    Buying property in Dubai is so different from the UK.
    The most important thing is to buy into a project from a reputable developer.
    Ignore things like completion dates cos no-one sticks to them.
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