New supply, attractive payment plans and the recent price and value correction have opened better deals for both homebuyers and investors in Dubai’s real estate market. Analysts say a majority of house-hunters are end users and are thus very keen on pricing. There is also a trend for those living in Dubai to move from renting and paying their landlord’s mortgages to buying their own property and paying off their own. This also means that most are finance buyers. Off-plan schemes are accordingly the most preferred product, given their competitive price.
Yungo provides comprehensive support to clients looking to enter the elaborate real estate sector and prides itself on its ability to provide invaluable assistance in both the investment and management arenas of the real estate market. This is evidenced in its continued success and the resulting positive feedback it regularly receives from both individuals and real estate development companies, many of whom have been clients for over 10 years.
At Yungo, we have vast local knowledge and continued awareness of the changing legal regimes and business environment in the Middle East. We also have a deep understanding of the unique opportunities and challenges that the region presents to developers and investors.
We regularly advise on cross-border transactions, and our involvement is carefully managed to ensure there is continuity of client care as well as local expertise at every stage of the transaction. Our clients include developers (including master developers and sub-developers), investors, funders, as well as high-net- worth individuals.
We are highly experienced in all aspects of real estate transactions in both the public and private sectors. We have the necessary connections at the Dubai Land Department and other relevant government authorities to be able to resolve any issue and ensure we achieve our client’s goals in the most efficient way possible.
Yungo’s real estate lawyers offer the following services:
- All documentation and advice on procedures necessary for land acquisition, development (including joint ventures) and disposal;
- All documentation and procedures necessary for land acquisition, development and disposal;
- Commercial, retail, industrial and residential leasing;
- Establishment and licensing of real estate businesses;
- Joint owned property schemes and mixed use development;
- Wills and Inheritance; and
- Dispute resolution.
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