Property conveyancing in Dubai
The process of buying or selling a property in Dubai involves many steps, one of which is also conveyancing. The conveyancing process must be done quickly, efficiently, and with experience and expertise, which is why understanding the concept is critical. It will make your property buying or selling experience so much easier and more pleasant if you are familiar with the conveyancing process and a few conveyancing companies in Dubai that specialize in this area.
On the other hand, if you’re interested in knowing more about each step of the process, costs and fees, check out our blog on the home-buying process in Dubai.
What is conveyancing?
The process of conveyancing is the legal transfer of property between owners. If you're buying a property, the previous owner signs it over to you, and you become the new owner, or if you're selling it, you sign it over to someone else.
Normally, this process is divided into two stages – one is the exchange of contracts, which sets out the terms of the deal, and the other is the completion, which transfers the legal title. In Dubai, property transfers can take between three and ten weeks to complete, depending on a number of factors and usually costs AED 6,000 to AED 10,000.
What is the scope of conveyancers' work?
There are a few things involved in conveyancing:
Document preparation, clarification, and review - including contracts of sale and purchase (SPA) or memoranda of understanding (MOU) and powers of attorney (POA)
Investigatation of the property and its certificate of title, and any other relevant information
Calculaton of fees and taxes associated with property purchase
Liaison with the bank or financial institution, if the property is purchased through a mortgage, and with the developer (obtaining an NOC)
Representation of your interests to government institutions, buyers, sellers, and their agents through the use of a Power of Attorney
Support and advice during the entire process, including ensuring secure and accurate property transfer, answering any questions and handling concerns
Conveyancing companies in Dubai
The following companies are solely involved in conveyancing in Dubai:
Company | Phone | |
|---|---|---|
+971 4 454 9734 | ||
+971 4 401 8587 | ||
+971 4 408 1818 | ||
+971 4 329 4937; +971 52 787 4259 | ||
+971 4 269 9444 |
How we can help
Property purchasing can be an overwhelming experience, with all the steps involved, the many documents to sign, the parties involved, costs, and fees, but don't worry. Kredium is here to help you. We strive to make the process of buying your property as easy, comfortable, and convenient as possible. We will handle all your real estate and mortgage needs - contact us today!
If you’re interested in mortgage financing, check out our mortgage calculator and options for UAE nationals, expats and non-residents. You can also search our platform for apartments in Dubai, developed by some of the most prominent developers, if you need help finding the right property.
Curious about Dubai real estate and UAE mortgages? Read more about these topics in our blog section.
Photo credits:
Muneebfarman | Pixabay
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