Property owners in the UAE can leave the country while keeping the property registered under their name. However, the specifics may vary depending on the situation. Beyond legal requirements, it’s crucial to address issues like property management, rental agreement and other related issues before leaving. Properly handling these matters ensures that the property remains protected and well-managed during the owner’s absence.
UAE Property Ownership Rights Remain Secure
A fully owned property in the UAE remains registered under the owner’s name, regardless of their visa status. Whether the owner is deported or has chosen to leave the country, authorities will maintain the lease under their name. However, the situation differs for mortgaged properties.
Mortgaged UAE Property When Leaving the Country
The mortgage on the property is registered under the title deed and remains unaffected by the owners’ status. However, it is essential to inform the bank in advance and fulfil all the legalities before leaving.
In some instances, the bank may decline an application to continue the mortgage, typically due to poor credit history or missed payments. Abandoning the property without notifying the bank can lead to serious legal consequences, including a ban from re-entering the UAE. Additionally, the bank reserves the right to sell the property to recover any outstanding debts.
Key Considerations for UAE Property When Leaving the Country
The property rules for expats leaving the UAE remain the same as when they are residing in the country. Expat property owners are expected to adhere to all property rules and regulations, whether the property is left vacant or rented out. The following key elements can help owners effectively manage their property from abroad.
Appoint a Power of Attorney (POA)
Appointing a POA for real estate transactions allows property owners to effectively manage their properties from abroad. The POA can handle tasks on the owner’s behalf, such as signing tenancy contracts, renewing Ejari and even representing the owner in rental disputes. The POA can be any trusted individual residing in the UAE.
Hiring a Property Management Company
For owners renting out their properties while leaving the country, hiring a property management company is a recommended option. The company typically charges a small fee, usually 5% to 8% of the annual rent, and in return, manages the property completely. From handling renovations to screening tenants, property management companies in Dubai and other emirates offer comprehensive services, allowing owners to effectively manage their properties from abroad.
Maintaining Property Compliance
Even if the property is vacant, it is crucial to maintain its structural integrity to ensure the safety of surrounding residents. The relevant municipality in the emirate may conduct inspections of vacant properties and impose fines if the property does not meet maintenance standards. Therefore, it is important for owners to regularly inspect and maintain their property to avoid hefty penalties.
FAQs
What happens to my UAE property if I leave the country?
Expat owners are allowed to retain ownership of their property in the UAE even when living abroad. However, it’s important to maintain the property and comply with legal obligations.
Do I need a UAE residency to own property in Dubai?
No, you do not need UAE residency to own property in Dubai. Non-residents can purchase property in designated freehold areas of Dubai without obtaining a residency visa.
Can I rent out my UAE property while living overseas?
Yes, you can rent out your property while living overseas, through property management services or by listing it on platforms like dubizzle.
This is what happens to your UAE property when leaving the country. Ownership is not tied to the owner’s visa or residency status, meaning they can retain the property even while living abroad. However, it is essential to maintain the property and comply with all legal requirements. Additionally, expat owners have the option to sell their properties before leaving the country. Classified platforms like dubizzle, with a wide range of properties listed for sale across the UAE, help owners reach a broader audience that can accelerate the sales process.
Stay tuned to dubizzle’s property blog for more information on expat landlord rules in the UAE.
