Interested Buyers and Types of Co-ownership
People from India, Russia, and Europe are very much interested in properties that are located in the prime location of Dubai. The growth of Dubai’s property market after the COVID period showed that this city can stand difficult situations and the market will remain stable than other cities in the world.
There is Joint tenancy and tenancy in common which are the main facilities available in Dubai. In Joint Tenancy of co-ownership, every owner of a property has an equal share and if one of them passes away or steps down then their share automatically passes to the other living co-owners. But in Tenancy in Common, each owner has a certain percentage of share in the bought property and if an owner passes away then their share can be passed on to their heirs or beneficiaries.