W Capital, a Dubai leading real estate brokerage, signed a cooperation agreement with Mohammed Al Hashimi Advocates and Legal Consultants, with the aim of providing the best legal guidance and consultations to W Capital clients who try to purchase real estate.
W Capital CEO, Walid Al Zarooni, signed the agreement with Mohammed Al Hashimi Advocates and Legal Consultants partner, Omar Al Awadhi.
“We are pleased to provide a new service to W Capital clients in cooperation with Mohammed Al Hashimi Advocates and Legal Consultants, with the aim of providing a lawyer accompany the client in all the legal procedures necessary to purchase the property,” said Walid Al Zarooni.
The CEO noted that after going through all the procedures for purchasing a property in Dubai, from the search process to choosing the appropriate home, all the way to negotiating and agreeing on the price, the investor go through legal procedures that precede signing the contracts. The role of the lawyer is very useful here in the purchase process, especially ensuring that the property is free of any problems that violate public regulations and laws.
Al Zarooni added that the legal procedures include, legal audit of the property, signing the sales contract, obtaining a no-objection certificate from the real estate developer, and registering the contract with the Dubai Land Department.
He pointed out that a real estate investor looking for purchasing a property usually pays no less than half a million dirhams, so he needs to know the terms of the contract well and review all the conditions. In this case, he is sure to be on the safe side by understanding the terms in the contract, so this service provides the assistance of specialists in this regard.
The CEO stated that the real estate market in Dubai is now in full maturity, noting that providing such services enhances investors’ confidence and encourages them to inject more money into the real estate sector.
“This agreement aims to address future matters for the real estate investors who may not be aware of many of the legal details in the contract or the legislation regulating buying and selling or litigation,” said Omar Al-Awadhi, Mohammed Al Hashimi Advocates and Legal Consultants partner.
Al-Awadhi noted that the company has offices in Dubai and outside the UAE in Bombay, Delhi and London. They also have a department specialized in contracting and real estate transactions.
