Frequently Asked Questions

A transfer fee is payable if you transfer your property to someone else. It is an administrative charge levied by the primary developer.

No, you don't have to pay tax if you are a resident abroad. You only pay if the Dubai property is designed for living in, such as your own home, and student and employee accommodation. Then it is considered residential and exempt for VAT purposes. However, 5% VAT applies to commercial properties.

Free Hold Areas are those where investors can invest and own property under their Name on Title Deed whereas Non Free Hold Areas can be owned only by the Local Residents or Same Nationality Holders.

An escrow account is that which is used as a third-party funding medium wherein the merchant receives access to the transferred money (by the buyer), once an escrow agreement has been fulfilled. If the agreement is not fulfilled by the merchant, the fund is then returned to the buyer.

An escrow account is that which is used as a third-party funding medium wherein the merchant receives access to the transferred money (by the buyer), once an escrow agreement has been fulfilled. If the agreement is not fulfilled by the merchant, the fund is then returned to the buyer.

Yes it is, because if someone is not willing to invest in property by paying a huge amount at same time he can purchase it on Mortgage.

For Commercial use Our Brokers will guide you which area will be best for you price wise as well as profit wise. Similarly For residential use We will tell you which area will be best for Luxurious Life at best rates.

It is case sensitive But before choosing any Real Estate Company or Agent you should ask them for their Brokerage License.

Return on rent is the amount which is basically your rental Yield. Divide your annual rental income by your total investment to calculate your rental yield. ROI is calculated by comparing the amount you have invested in the property, including the initial purchase price plus any further costs, to its current value.

DLD is Dubai Land Department. It is the regulatory body by the government that deals with all property and real estate related legislation, organisation and services for any real estate transactions in Dubai.

The DLD Fee is 4% of the property value and is payable by the buyer. Something is DLD Waiver that means the buyer does not pay this fee and it is instead paid by the developer.

DEWA can be applied online by their website or you can visit the DEWA offices to apply for the DEWA services.

Ejari means ‘my rent’. It is an online registration system for the regulation and registration of every tenancy contract in Dubai. It is the system used to document all rental transactions and make sure all contracts are done legally. The Ejari system makes the Dubai rental market one of the most regulated markets in the world.

A security deposit 5%/10% of the Annual Rent is paid to the landlord by the tenant in advance. This fee is held in reserve to protect the landlord if in case the depositor fails on any contractual obligation. It covers Loss of Rent, any Damage to the Property, Lost of Security Keys and Repairs that are not wear and tear.

The primary market is that where the new properties can be purchased directly from the developer.

Once all the required documents are in order, it takes an average of 30 minutes to register a sale.

Buyers/owners of properties can get a legal proxy with a proper and duly legalized power of attorney. This person with the POA can have the right to dispose the properties on behalf of the client, as mentioned in the POA. The POA is valid for purposes like sale, mortgage, and gifting and is valid for a period of 2 years. In case of purchasing with a POA, the said POA is valid for 5 years from the date of notarization at the notary public.

Have an appropriate trade license from the Dubai Department of Economic Development. The brokerage company and all its brokers must be registered with the RERA. You can ask them for their Office Registration Number (ORN) and a Broker Registration Numbers (BRN). In order to be registered with the RERA, all agents of a brokerage company need a certificate from the Dubai Real Estate Institute (DREI) and have to pass a professional test, administered by the RERA.

Real estate agencies act as intermediaries between buyers and sellers and as such, there is a clear account of who is responsible and both buyer and seller knows where to turn when something goes wrong. Not all agents in the market are registered and it is essential that homeowners and tenants make sure that they are dealing with a registered agent to secure their own assets.

Earlier, ownership of property in Dubai was restricted to citizens of the UAE. However, in 2006, the government passed Regulation No. 3, determining designated areas where non-citizens can own property. In these areas, foreigners are permitted to buy property on freehold ownership. Major freehold properties are available in most parts of ‘new Dubai,’ such as in Dubai Marina, Palm Jumeirah, Jumeirah Lakes Towers and Emirates Hills.