How has UAE law changed over the years for expats buying property?
The law has remained the same since 2007 but the process has been refined. Property developers are now more sophisticated when it comes to conducting the sales process and registering the sale.
In Abu Dhabi, a process has evolved which sees buyers make an offer by signing a Memorandum of Understanding (MoU) and handing over a
deposit to secure the unit, which is usually ten per cent of the property price.
This MoU is an obligation to complete the transfer of the property and is binding on both sides but it also regulates what happens to your deposit.
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