Investing in real estate in Dubai with several people
In Dubai, it is quite possible to buy a property together. Whether it is with family or friends, it is very easy to invest collectively. Dubai Immothe leading French real estate agency in Dubai, has already assisted hundreds of groups of friends who wanted to invest together. Explanation
Real estate in Dubai: is it legal to buy with several people?
The Dubai Land Department and RERA are the bodies responsible for controlling and regulating the Dubai real estate market. And the rules are clear: it is perfectly allowed to buy together. You can buy an apartment or a villa in Dubai with one or more friends or family members. You don't need to provide any particular proof of identity, just a valid passport! There is no need to create a company or any particular legal structure.
How to invest in Dubai with several people?
Our real estate agency is specialized in assisting French speakers who want to invest in the United Arab Emirates. If you want to invest in Dubai, just contact us. After having determined your objectives and your budget, we will make you proposals. Then everything goes very quickly and it is possible to carry out the steps remotely. And this even if you invest in several.
How many partners can invest in Dubai?
Generally, developers allow up to 4 different buyers. In some cases, we can add more co-owners for the same property. There is no minimum price for the property. In the case of a purchase off-plan, all owners will have the same percentage by default. If you are buying with two people, it will be 50/50. Payments can come from one account.
How do you resell a property that you have bought together?
This is exactly the same process as if you had purchased alone. All that is required is that all the owners sign the transfer and authorization to sell documents. The rest of the process is exactly the same and each co-owner will receive the amount corresponding to their percentage of ownership of the property.
Guillaume Giroux, Dubai Immo founder and real estate expert, Dubai, UAE
As founder of the Dubai Immo Group and a real estate investor, I bring you daily updates on the Dubai market. My aim is to provide you with all the keys you need to invest wisely and securely, by sharing my in-depth analysis and strategic advice.
