Select one of the frequently asked questions below to learn more about buying, selling, and renting real estate. Also, begin to think about important things to consider when diving into your real estate search.
Frequently Asked Questions
Question about Buying.
Location suitability, budget, property condition, future resale value, legal aspects (ownership rights, title deed), amenities nearby, and potential for appreciation are crucial factors to ev
The process typically involves selecting a property, negotiating the price, paying a deposit, completing legal formalities (including NOC if applicable), and registering the property with the Dubai Land Department.
Yes, non-UAE nationals can buy property in designated areas known as freehold areas. These areas are typically designated by the Dubai government for foreign ownership.
Costs include property purchase price, agent’s commission (usually 2% of the purchase price), Dubai Land Department transfer fee (4% of the property’s sale price), and potentially other fees such as mortgage fees, valuation fees, and maintenance fees
Property values in Dubai are influenced by factors such as location, property type, size, amenities, market demand, and overall economic conditions. Professional valuers and real estate agents can provide valuation services.
Yes, property values in Dubai can depreciate due to factors like market conditions, oversupply, economic downturns, changes in regulations, or location-related issues.
Rental laws in Dubai are governed by the Dubai Land Department. They include rules on rent increases, tenancy contracts, eviction procedures, and responsibilities of landlords and tenants.
Financing options in Dubai include mortgages offered by banks and financial institutions. Requirements typically include a down payment (usually 25% for expatriates and 20% for UAE nationals), proof of income, and meeting eligibility criteria set by the lender.
Freehold properties in Dubai allow full ownership rights to non-UAE nationals and can be bought, sold, or rented without restrictions. Leasehold properties grant ownership for a specific lease period, typically 99 years, after which the property reverts to the freeholder.
Look for agents registered with the Dubai Land Department (DLD) or associated with reputable real estate agencies. Check reviews, credentials, and experience in dealing with properties similar to your requirements.
Question about renting
Consider factors such as location, rental price, lease terms, amenities, proximity to schools or work, transportation options, safety of the neighborhood, and landlord’s reputation.
You can search for rental properties through real estate websites, property portals, classified ads, social media platforms, or by contacting real estate agents who specialize in rentals.
Typically, you will need a copy of your passport and visa (for expatriates), Emirates ID, proof of income (salary certificate or bank statements), and a security deposit (usually equivalent to one month’s rent).
Tenants have rights such as peaceful enjoyment of the property, timely repairs by the landlord, and the right to privacy. Responsibilities include paying rent on time, maintaining the property in good condition, and adhering to community rules.
Rental prices vary depending on factors like location, size of the property, amenities, and market demand. It’s advisable to research current rental trends and compare prices for similar properties in different neighborhoods.
Yes, rental prices can be negotiable, especially during periods of low demand or if you are willing to sign a longer lease term. It’s worth discussing with the landlord or their representative to find a mutually acceptable rental rate.
Lease terms in Dubai typically range from 6 months to 1 year, although longer leases (2-3 years) are also common. The lease agreement will specify the duration, rental amount, and terms and conditions of the tenancy.
According to Dubai rental laws, landlords can increase rent once the lease term expires. The increase is subject to guidelines set by the Dubai Land Department (DLD). Tenants must receive at least 90 days’ notice before any rent increase.
The rental contract (tenancy agreement) should include details such as the rental amount, payment schedule, duration of the lease, security deposit amount, responsibilities of both parties, maintenance obligations, and any additional terms agreed upon.
Contact your landlord or property management company first to address any issues. If problems persist, you can seek advice from the Dubai Rental Dispute Center (RDC) or consult with a legal advisor specializing in real estate matters.
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Our mission is to empower consumers with information to make smart decisions. Kingdom Properties is a real estate marketplace dedicated to helping homeowners, home buyers, sellers, renters, and agents find and share information about homes, real estate, and home improvement.