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Dealing with Properties Legally: How to Get Real Estate Lawyers in the UAE?

Dealing with Properties Legally: How to Get Real Estate Lawyers in the UAE? blog S & S Lawyers that is the leading law firm in sharjah, UAE consisting of experienced lawyers and advocates in Sharjah that provides high quality legal services to groups and individuals to help them with legal matters, including arbitration, civil, criminal law and crimes, real estate, personal status, and as well free legal consultation.

It’s not hard to understand the intricacies of real estate, because everything that you see and stand on is a piece of land called “Real Estate” and it’s probably the largest or the second-largest asset on the books; yet, because it is everywhere and it’s not that easy to manage.

What is Real Estate?

In simple terms, real estate refers to a property consisting of land and the buildings on it, along with its natural resources such as minerals, water, or crops; immovable property of this nature; an item of real property; buildings or houses in general.

Real estate is a form of real property which is completely different from personal properties which are not permanently attached to the land, such as vehicles, boats, jewelry, furniture, and farm equipment.

Types of Real Estate

Residential Real Estate - Simply any property that is used for residential purposes, prime examples are single-family homes, condos, cooperatives, duplexes, townhouses, and multifamily residences.

Commercial Real Estate - Properties used exclusively for business purposes such as apartment complexes, grocery stores, gas stations, hospitals, hotels, offices, parking facilities, shopping centers, stores, theaters and restaurants.

Industrial Real Estate - Any property used for production, manufacturing, distribution, storage, and research and development.

Land - Any property that is undeveloped, vacant land, and agricultural lands such as farms, orchards, ranches, and timberland.

Special Purpose - These are properties primarily used by the public such as government buildings, cemeteries, parks, places of worship, and schools.

Is it good to invest in Real Estate?

Buying and owning is a great investment that can be both satisfying and lucrative because real estate owners can use leverage to buy a property by paying a portion of the total cost upfront, then paying off the balance, plus its interest over time. The reason why real estate is a good investment is because it also comes with high risks, and if an investment involves a high level of risk, that risk should be balanced out by a high possible reward. But then, if you cannot afford to lose the money you will put in these investments, then you shouldn’t put money into it in the first place.

How to invest in Real Estate?

There are different ways to invest in real estate, below we’ve listed common options to make money in the real estate industry.

1. Real Estate Investment Groups (REIGs)

REIGs are ideal for the people that want to be involved with real estate but not going through the hassle of actually running it. This is best described as small mutual funds that invest in rental properties.

Typically in this kind of setup, a company buys or builds a set of apartment blocks or condos, then allows investors to purchase them through the company, thereby joining the group. A single investor can own one or multiple units of self-contained living space, but the company operating the investment group collectively manages all the units.

2. House Flipping

House flipping is the wild side of real estate because this is for the people who buy reasonably priced properties and add value by renovating them. People who want to make money this way must have significant experience in real estate valuation, marketing, and renovation.

3. Rental Properties

This investing strategy requires a lot of patience to manage tenants and individuals who do take this strategy should possess do-it-yourself (DIY) renovation skills. Renting properties can provide income and maximize capital through leverage but it does require substantial capital to finance upfront maintenance costs and to cover periods when the property is empty or when tenants do not pay their rent.

What is the role of a Real Estate lawyer?

Dealing with real estate can sometimes be frustrating as there will be instances where there is a delay in property handover, or when a landlord and a tenant is having a dispute, or when there is an early termination of lease, and many more.

Decoding these complexities in the real estate industry can be such a tough and disheartening thing to deal with, that is when Real Estate Lawyers can come in, to provide clear, concise guidance to tackling intricate mortgage issues and occupancy rights. Our legal professionals from “S & S Lawyers” have a dedicated team that is committed to ensuring the smooth and successful execution of your real estate transactions.

We offer free legal consultation just by reaching out to us via email at info@2s-lawyers.com or calling our landline (06) 5305559.

The Bottom Line

Real estate plays a pivotal role in the economy as it serves as a catalyst for economic growth. It can either be viewed as an investment or a purchase to fulfill the needs of individuals or businesses. There are a lot more different ways to make money with real estate, but if you’re just starting to get into this industry, the common ways we’ve listed above might be the best start for you.

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