Alternative home ownership options: Shared ownership and rent-to-own possible?

Question

Q: Exploring various options for alternative home ownership in the GCC region… A: It is possible to establish shared ownership arrangements between a company and an individual. As for rent-to-own options, they do exist in the UAE, but they are not as common as traditional rental agreements…

Abdul Wahied Mohammad Sharief · Accepted Answer

Dear Client,

Thanks for your question! I hope you are doing well. I will definitely assist you in this matter.

In the UAE, it is possible to establish shared ownership arrangements between a company and an individual for a residential property.

However, setting up such arrangements requires careful legal structuring to define each party's rights and responsibilities.

As for rent-to-own options, they do exist in the UAE, but they are not as common as traditional rental agreements.

These agreements typically involve a portion of the rent being credited towards the future purchase of the property.

For any further legal assistance, you can WhatsApp us. We have an extensive team of knowledgeable and experienced lawyers to provide the legal assistance you need.

We will definitely be happy to help you.

Thanks & Regards,

ABDUL WAHIED

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