Gifting Property to a Relative

Gifting Property to a Relative

Mazhar owns a Two Bedroom apartment in Dubai Marina and wants to Gift the apartment to his Son and Daughter. Mazhar is not sure what is the process of Gifting and the related Fees for Gifting of the Apartment. Well, Mazhar is not alone in not knowing the process. Eligibility for Gifting Property in UAE Gifting can only be done to First Degree of Relatives. I.e. Children or Parents / Husband / Wife....

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Can one leave UAE with an unsettled home mortgage?

Expats often leave UAE to return to their home country, or to move to greener pastures. What should they do about their unsettled mortgages? In the past, many expats left UAE without formally settling their financial obligations, resulting in millions upon millions of losses to the banks. Naturally, this lead to more stringent laws and practices coming into force. One such practice, is that when the...

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