As lawyers we see and advise on doing things in a Proper way and we at Al Safar & Partners breathe accordingly. In fact, we preach the same to our clients day in and day out to help them realize that there’s no shortcut. A GOOD BUY can land you into GOODBYE and therefore anything too juicy should raise your antennae!
In the dynamic landscape of the United Arab Emirates (UAE), property ownership and rental are not merely transactions—they are strategic decisions that reflect foresight, financial planning, and vision. The common letters in PROPER(TY) and PROPER(LY) underline a simple truth: whether you're acquiring or leasing, the process must be PROPER in all senses of the word. As the adage goes, “Where there’s a will, there’s a way”—especially true in the UAE’s robust and maturing real estate ecosystem.
I take this opportunity to pen down some very basic norms a buyer/seller transacting ought to follow:
1. PROPER Goals: Define Your Purpose. Before diving into property, define your why? Are you buying as an investment, a residence, or for commercial use? Are you renting to test the waters, save on costs, or retain mobility?
Without clarity, even the best opportunities can become liabilities. A proper journey begins with a proper purpose.
2. PROPER Research: Understand the Market - The UAE offers a diverse property spectrum—luxury apartments in Downtown Dubai, villas in Abu Dhabi’s Saadiyat Island, or commercial spaces in Sharjah. But diving in blind can be costly. Study price trends, ROI expectations, rental yields. Understand freehold vs leasehold zones. Use data, not hearsay, to drive decisions. Proper research isn’t optional—it’s essential.
3. PROPER Legal Due Diligence: Know the Law. Real estate in the UAE is governed by emirate-specific laws, with a solid regulatory framework across the board. Engage RERA-registered brokers and legal advisors. Ensure title deeds are clean. Understand tenancy laws, especially rights and obligations under Law No. 26 of 2007 (Dubai), or similar laws in other emirates. You can only protect your interests if you know what they are. A proper deal is a legally secure one.
4. PROPER Financial Planning: Budget Wisely. Buying or renting isn’t just about affording the sticker price or rent. It involves - Maintenance charges, Municipality taxes, Broker and legal fees, Mortgage structures or rental payment terms. Being financially overextended is a quick way to turn property dreams into nightmares. A proper plan is a sustainable one.
5. PROPER Execution: Choose the Right Partners. Whether it’s a real estate agent, developer, or property manager, law firm—who you work with matters.Look for transparency, professionalism, and a track record.Don’t fall for glossy brochures or verbal promises. Demand written commitments and clarity. Proper relationships lead to proper results.
6. PROPER Exit Strategy: Think Long-Term. Whether buying or renting, consider your exit: Can you resell easily? Is there a penalty for early lease termination? We see a lot of people making these mistakes over 200 times in a year. Ask yourself - what are the long-term prospects of the location? A proper strategy accounts for both entry and exit.
Conclusion: Where There’s a Will, There’s a Way
The UAE offers abundant opportunities for those seeking to enter its property market. But success lies not in luck, but in doing things the PROPER way. Whether it’s PROPER(TY) you seek to own or a home you wish to occupy PROPER(LY), the principles remain: clarity, diligence, legality, prudence, and professionalism.
If you have the will to do it right, the UAE certainly offers the way.
For more information or legal support in your property matters, contact Al Safar and Partners Law Firm in Downtown Dubai, UAE, on +971.4.4221944 - reception@alsafarpartners.com- https://www.alsafarpartners.com/
Written by:
Mr. Rohit Gulati - Partner & Senior Legal Consultant at Al Safar and Partners Law Firm.