Well, if you’re not much of a reader, then these bite size information-rich videos should do the trick! We highlight tips for tenants, landlords, buyers and sellers. We’ve also filmed residents in the UAE like you and me, who had legal questions they wanted an answer to. Legal consultant, Ahmed Odeh, gives some useful advice that’s worth listening in on!
Here are three things that every Abu Dhabi buyer should know.
Number one, check the credibility of your seller.
If your seller is a developer, check that he has obtained
the requisite permissions and approvals from the Abu Dhabi municipality
in order to build the property. If the seller is an individual, check
that he has either a title deed or a statement of account from
his developer, showing that he has completed all his payments so far.
Now on a side note, if you’re an expat buying
a property in Abu Dhabi, the Abu Dhabi Municipality has not yet implemented
a system to issue title deeds to expats.
That does not mean that you cannot own a property in Abu Dhabi.
On the contrary, you can, provided that you obtain
a statement of account from your developer showing that you have completed
all your payments and that the property has been duly handed over to you.
Secondly, review the sale and purchase agreement by the seller, and more particularly the unit size,
the plot size, the anticipated completion date,
and the payment plan in line with the construction progress. And lastly, check that you have
original copies of the sale and purchase agreement and payment receipts
so that you can keep it as proof of purchase
in case you get into a dispute with your developer.