Paying for real estate hand-to-hand is becoming an increasingly popular practice among investors in Dubai and other countries with active real estate markets. This method involves personally transferring cash through a trusted intermediary or manager, who guarantees the funds’ delivery to the recipient. This method is suitable for those who value speed, control, and transparency, but it has its own unique features that are important to consider.
Benefits of hand-to-hand payment
The main advantage of this method is direct control over the transfer of funds . You see the money transfer process and are confident that the funds have actually reached the developer or property owner. This is especially important for large transactions, when even a small error or delay can become a serious problem.
Another advantage is the speed of the transfer . Unlike SWIFT banking transactions, which can take several days, hand-to-hand allows you to complete the transaction within one day, bypassing bureaucratic delays and currency checks. This approach is especially convenient for urgent transactions or when you need to quickly secure a deposit for a property.
Furthermore, hand-to-hand transactions allow you to bypass bank and currency control restrictions that sometimes complicate the transfer of large sums of money abroad. For investors, this allows them to conduct the transaction directly, without multiple intermediaries and checks, saving time and reducing the risk of unexpected delays.
Disadvantages of hand-to-hand payment
Despite the obvious advantages, hand-to-hand transactions carry certain risks , the main one being trust in the intermediary. If you choose an unreliable manager, you risk losing money or encountering a difficult-to-resolve dispute.
This method also requires personal involvement and increased attention to detail . You need to be sure that all documents are properly completed, the amount transferred is accurate, and the receipt or transaction confirmation is received in the proper form. Otherwise, even if the funds are successfully transferred, misunderstandings or legal issues may arise.
Furthermore, hand-to-hand transactions are limited in scope. Transferring truly large sums can be inconvenient or dangerous, especially when it comes to international transactions, which require additional security measures and risk insurance.
Result
Paying for real estate hand-to-hand is a convenient, fast, and transparent way to transfer funds , especially for those who value transaction control and efficiency. However, it’s important to be mindful of the risks: trust only trusted intermediaries, complete all paperwork correctly, and closely monitor the process. If these rules are followed, hand-to-hand can become a reliable tool for securely paying for real estate and other large transactions.
