Why would I want to Gift my property to a relative?
Gift transfers primarily take place for inheritance purposes. In Dubai, this has never been a straight forward topic given the inclusion of Sharia law. For non-Muslims in particular, it can cause financial and emotional difficulties for families as well as disputes and even legal cases regarding rights to ownership.
As such, many property owners are now deciding to transfer some or all of the title to their spouse or children in order to simplify succession rights in the unfortunate circumstance that something happens to them. The aim is to remove the legal uncertainly and ambiguity seen in the old UAE laws and Sharia law principles that many people still do not fully understand. It is a less-expensive means of protecting their assets than writing a Will or or leaving it for the Dubai Courts to decide.
If this sounds like something that you might benefit from, please get in touch with us and we will explain the full process and applicable costs.