Majdel Musa is the Managing Director of Maj Consultants, providing Best Practices Audits and document, procedure and policy reviews for real estate-related companies. She is the VP of Legal Affairs for the Middle East Real Estate Inspectors Association. Majdel was previously employed by the Dubai Land Department (Dubai Real Estate Institute) as a Legal Instructor, and continues to teach courses at DREI. Her Dubai experience also includes private practice involving real estate litigation and transactions. Prior to coming to the UAE, Majdel was a real estate lawyer in Chicago, as well as a licensed real estate Broker. She received her Juris Doctor, With Distinction, from Thomas M. Cooley Law School and her BA in Political Science from University of Illinois at Chicago..
The decision of whether to purchase a freehold or leasehold property will be based on whether the purchaser is comfortable with the idea of not owning the land, and only owning rights to the property for a limited amount of time.
Current owners are confused as to why they are liable for unpaid amounts owed by someone else.
If due diligence is not done in real estate matters, there is major potential for lawsuits and monetary loss.
Property owners should make sure they fulfil their end of the bargain
As with individual ownership of properties, company ownership of property is restricted to certain areas, based on the nationalities of the shareholders.
“Customer focus and satisfaction will give you long term repeat business and a great foundation. Keep your product simple and don’t diversify too much outside your core services. Do what you do well.”
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