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Dubai’s secondary real estate sales market has experienced extraordinary expansion, with the government reporting record-breaking transactions week after week. On the other hand, the off-plan real estate sales industry has seen a great increment in transactions, with practically all of Dubai’s prominent real estate developers selling waterfront and beachfront townhouses, villas, and flats with flexible terms and payment plans.
When you deal with real estate agent. First, you verify that agent is also certified with the Dubai Real Estate Authority and the Dubai Land Department. When looking to buy, be sure to seek for a real estate agent's license before giving any of your needs.
When you secure a piece of real estate, you don't want its price to drop over time. Is it possible that the property's value will drop over time? Do you aim to keep this for the rest of your life or to sell it after a set number of years? Its depending on how you aim to utilize the property, you should never forget to ask the real estate broker with whom you are working to establish your expectations prior to making a purchase. Typically, the typical rental return on a property is between 5% and 10%.
The UAE government has implemented Law No. 3, in 2006, which marked the locations where non-citizens can purchase their own property.
The title deed will be transfer after the 30 days of signing the memorandum or contract between seller and buyer. Property transfers should always take conducted at a Trustee Office in Dubai. Off-plan real estate transactions, on the other hand, normally take one (1) to three (3) days to complete, assuming the Buyer delivers all needed papers and makes the initial payment to establish a Sales and Purchase Agreement. After the Buyer signs the Sales and Purchase Agreement, an Ovoid will be prepared and delivered to them.
Before you buying a piece of real estate, It’s crucial to know what type of facilities available near it. For a customer wants to buy for end-use, the realtor should look at facilities like schools, hospitals, and parks, to mention a few. Our agents at Housemasters Properties realize that each client has unique needs based on their lifestyle, so customers can be confident that we have their best interests in mind and will personalize our recommendations to their specific needs.
To acquire a ready property, the title deed must be accessible at the time of transfer. A property transfer normally takes 30 days from the date of signing the MOU and will take place at a government agency in Dubai. When a customer purchases an off-plan house, a payment plan is often linked with the purchase, with the entire amount due on the handover date. If you are acquiring an off-plan home, once you have made the first 10% deposit, the developer should complete the paperwork and have you sign the Sales and Purchase Agreement, following which an Ovoid may be acquired from the Dubai Land Department. The Ovoid will act as proof of ownership until the property is handed over and you have paid the full amount.
If you buy on the secondary market: • DLD Transfer Fees are 4% of the property's net selling price. • DLD Trustee Fee of AED 4,200 and Administrative Charges of AED 580 (approximate pricing). • Real Estate Brokerage Agency Fees: 2% of the net selling price plus 5% VAT. • Conveyance fee imposed by the real estate brokerage If you buy an off-plan property directly from a real estate developer, you should expect to spend the following: • DLD Land Registration Charges: 4% of the property's net selling price. • DLD Trustee Fee: AED 4,200 + AED 580 (approximate costs).
We prioritize providing clients with accurate information that is consistent with the most recent advancements in the business, including the following high-quality services: • The greatest bargains on the industry, tailored to a client's needs • Provide clients with the best agents on the market, armed with the necessary tools and skills. • Provide property bargains with various payment options. • Free after-sales servicing for the client's acquired home.
Housemasters, known as an award-winning real estate agency, which is committed with all of Dubai’s main real estate developers, including Emaar, Meraas, Dubai Properties, DAMAC, Nakheel, and SOBHA to enhance the prospects that best match the requirements of investors. This allows us to give investors with the highest potential return on their investment.
Clients will face no difficulty locating the property of their desires with the guidance of our professional real estate agents, who are experts in the Dubai real estate market. We always strive to offer customers with honest answers to any questions they may have about the possible investment property or second home that they are contemplating acquiring.
After the Buyer and the Seller have signed the Sales Contract or Memorandum of Understanding, it will take 30 days to transfer of the title deed normally after the date of signing.
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