Verano By Prescott at Dubai Studio City

The DLD regulates all real estate activities in Dubai, ensuring transparency and legality. Key responsibilities include:
-Registering property transactions (sales, leases, mortgages).
– Issuing Title Deeds and managing the Real Estate Registry.
– Enforcing anti-fraud measures and resolving disputes through the Rental Dispute Centre.
– Mandating the use of certified trustees for off-plan project escrow accounts. For More information visit www.dubailand.gov.ae

You can check the status of a project through the Dubai Land Department (DLD) website or the Dubai REST app. Simply enter the project’s name or developer details to view updates, escrow account details, and progress reports. For More information visit  https://dubailand.gov.ae/en/eservices/real-estate-project-status-landing/real-estate-project-status/#/

RERA is a regulatory arm of DLD that oversees real estate laws, brokers, developers, and rental disputes in Dubai. For More information visit www.dubailand.gov.ae

RERA’s Escrow Account Law requires developers to deposit 100% of buyer funds into DLD-approved escrow accounts. Funds are released only after construction milestones are verified, minimizing project delays or cancellations. For More information visit www.dubailand.gov.ae

EOI (Expression of Interest) is a formal pre-booking commitment made by a buyer to express their serious interest in purchasing a property, especially in off-plan projects in Dubai. It is typically required before a project is officially launched.

It provides legal protections for property investors through various regulations such as Escrow Law  (Law No. 8 2007) which ensures developers deposit funds into escrow accounts to prevent fraud and Law No. 13 of 2008 which regulates the interim property registration.

This body has been developed to oversee real estate transactions, resolve property-related disputes, and develop and enforce real estate laws to ensure stability and fairness.

People who own property in Dubai worth at least AED 2 million are eligible to obtain a Dubai Golden Visa

Yes. Non-residents can obtain mortgages in Dubai. It is possible for foreign nationals to purchase their dream home in Dubai through a mortgage.

First of all, you must be a citizen of a country which is on the bank’s list. A non-resident mortgage seeker must be a professional or self-employed. Meeting minimum age and income requirements is also necessary in most of the cases.

After completing the property purchasing process, you need to visit the Dubai Land Department (DLD, submit the required documents such as the sale agreement, proof of payment and no objection certificate and pay the registration fee to obtain the title deed of your purchased property.

Open the Dubai Rest App and select the dashboard option to bring my property wallet screen. Choose your property, add the required details and click on the purple circle to get the electronic copy of your title deed.

Yes. Property owners are allowed to give their properties as gifts in Dubai through a legal process.

You can check the status of a real estate development in Dubai by visiting the Dubai Land Department (DLD) website or using the Dubai Rest App.