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UAE Over all Business Ranking

Renting Property

The property market in UAE is going through a boom phase and thus many investors are focusing their interest towards investment and new business set up across the Emirates.

On the other hand, it is very much essential to recognize the legal variances between "freehold" and "free zone" properties before arriving into any type of agreement as the significances can either make or break the development of investor’s business. From a foreign investment standpoint, it is the freehold assets in UAE which are situated in "designated areas" in which non-citizens can own a complete interest in land.

The property registration and issuance of Land Certificate to the non-nationals can be done by through the Dubai Lands Department (DLD). The parties have further option to collect the certificate from trustee’s office or receive it through delivery to their offices. DLD requires sale agreement and other necessary documents such as MOA, Board resolution, passport copies of shareholders etc. which need to submitted to start with the registration process.

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