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An asset that ends with its owner may also be consumed during its lifetime. Every well-meaning parent or guardian takes inheritance issues seriously, especially when it comes to land holdings.
Even if you wish to distribute your property among various orphanages, it is important that you understand the applicable laws and how to transfer your property through inheritance.
Therefore, in front of foreigners Buying Property in Dubai Marina, UAEor any other community, the general question is how do I transfer my ownership?
Inheritance Laws in the UAE
Pursuant to Article 4(4) of the Dubai Real Estate Registration Law, 2006, expatriates/non-UAE citizens may own land property in the UAE with the approval of the Ruler.
Non-UAE residents can only take ownership through companies owned by UAE nationals without prior approval from the Ruler.
The only exceptions to this rule are people from the countries of the Gulf Cooperation Council, namely Bahrain, Kuwait, Oman, Qatar and Saudi Arabia. These individuals can own property in the UAE without a license or any prior approval.
Two ways to protect property in the UAE
You can acquire the rights to a freehold property in perpetuity, or a long-term lease that can be renewed every 99 years. No matter what method you use, you can transfer your rights to your estate through inheritance. This is the general and most common way to do this.
There are three main ways estates can transfer to your estate note after your death – find out more on the official website https://www.axcapital.ae/.
prepare a will
This is the safest way to transfer your estate to someone of your choice upon your death. The will option is less room for dispute and will protect your wishes, especially if you intend to include people who are not usually the direct beneficiaries of your estate.
Article 6 of the Dubai Wills Law provides for the creation of a will register for non-Muslims and provides for the jurisdiction of the Dubai courts. There are certain regulations on the validity of a will, and a lawyer can be hired to guide you through the writing and submission of a will.
Your property will be yours according to local law
Second, according to Article 1(2) of the UAE Personal Status Law, non-Muslims can choose to have their national laws apply to succession.
Based on the literal wording of the law, it is assumed that you should file during your lifetime. As a non-Muslim, please consult a legal practitioner about your options and abide by your original local laws and customs as these will apply without any change.
According to Islamic law, your property will be included in your property
As a Muslim, your estate will pass to your heirs in the natural course of Islamic law, and no other alternate routes or changes apply.
Inheritance: Overt for non-Muslim nationals, implicit for Muslim nationals.
Note that non-Muslims can only exercise testamentary options. As a Muslim, your property will be managed according to the rules of Islamic law.
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