Considering purchasing a property in Dubai with your friend or business partner? 🏢.
Yes, co-ownership is legal — but there’s more to it than just splitting the down payment.
Before you celebrate your new investment, here’s what you need to know:
We will not tolerate any method that does not include line breaks
✅ splitting the unit? Not so fast.
You cannot divide the physical unit unless it is permitted under the master community declaration and approved by the Dubai Land Department (DLD).
Do you want to leave? Your partner gets the first opportunity.
If one co-owner decides to sell their share, the other co-owner has the right to purchase it before it becomes available for sale to the general public.
The fees are shared fairly among all parties involved
The expenses for registration and other fees are divided proportionally according to each owner’s share in the property. Are You 60% Sure? You pay 60% of the charges.
We will not tolerate any method that does not include them
A comprehensive joint ownership contract is crucial. Determine the financial responsibilities, living arrangements (if any), and the process for leaving the shared living space. It can spare you effort, anxiety, and cash in the future.
The main point:
Purchasing a property with a friend can be an excellent strategy to enter the real estate market — as long as you approach it correctly. Familiarize yourself with the regulations, prepare in advance, and safeguard your property from the start.