Overseas property buyers who wish to take a loan to buy property in Abu Dhabi, may find it difficult, because the local authorities do not have the ability to issue titles of ownership. According to the English-language newspaper The National, Abu Dhabi authorities did not have time to organize the issuance of titles owners in the next few months, at the time of commissioning of numerous construction projects. Some major developers have time to start awarding titles to thousands of real estate units in areas where foreigners have already purchased, particularly in Al Raha Beach and Al Reem Island. However, given that the buyers have not received the official title of the owner, their only protection in case of problems will be concluded with the developer of sale contracts. On this Site www.thenational.ae
Foreigners who buy property in Abu Dhabi could face financial difficulties
06.08.2010
Homesoverseas.ru editorial office
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