Dubai mortgage valuations: the bank picks the valuer, and the loan follows the appraisal
Circular 31/2013 caps the loan as a share of appraised value, not price. The bank chooses the valuer, and a DLD certificate will not replace its report.
Editorial team
Circular 31/2013 caps the loan as a share of appraised value, not price. The bank chooses the valuer, and a DLD certificate will not replace its report.
A missed payment starts a notice, court and auction process under Law No. (14) of 2008, not instant repossession. A surplus after sale goes to the borrower.
Co-owners are presumed to hold equal shares unless the title deed says otherwise. How joint mortgages, selling a share, pre-emption and partition work.
Building cover in a jointly owned tower is a statutory duty of the management entity. Contents, villas, tenants and mortgages each follow different rules.
Article 25 lists nine grounds during a lease and four at expiry. Expiry grounds need 12 months' notice by notary or registered mail, and no self-help.
A sale does not end the tenancy. A buyer inherits the lease, rent and deposit, and needs 12 months' notice by notary or registered mail to move in.
Since 2 January 2022 a bounced rent cheque is usually a civil matter. Landlords go to the execution judge, but eviction still needs 30 days' notice.
Dubai's broker bylaw leaves the fee to the brokerage agreement. Custom applies only if the contract is silent, and 5% VAT is added on top.
The AED 1,000,000 figure is real, but it belongs to the retirement visa. The three property routes into UAE residence, separated.
Personal real estate investment sits outside Corporate Tax. A company holding the identical unit does not, and free-zone status rarely shelters it.
The contracts state no interest rate. That is not the same as deferral being free. Here is the present-value arithmetic no developer page runs.
Not 2002, and not "60-plus areas". The designated list, the four property rights it creates, and where the edges are genuinely contested.