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What is the average size of different units?
Most studios and one-bedroom units are the same size. Some units have balconies and some do not. Sometimes the ones located on the corners of the building are slightly bigger. Retail shops on the grou ...
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What documents are filled in to purchase a p...
The buyer of a freehold property in Dubai only needs to provide a copy of his passport papers to purchase a property in the primary market, i.e., directly from a developer. A company purchasing a prop ...
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Payments – schedule and in favour of w...
a) What are payment schedules and on-going installments? What is the currency of payment? There are 4 payment installments methods – Payment Schedules (A, B, C, D) and there is a discount appl ...
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Everything you need to know about UAE Reside...
a) Can all family members get a UAE residence visa: i.e. Father, Mother, Father, and children under 18 and unmarried daughters? Yes. Expatriate employees or employers can obtain a residency visa The ...
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What are the maintenance and parking charges...
Service charges, AC and sinking fund is charged per sq. ft. with rates starting from AED 2 per sq. ft. As for parking, it is paid yearly per bay/slot and starts from around AED 1,000.
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What are the procedures involved in re-sales...
a) Can a property purchaser sell his property? Most developers allow property owners to re-sell their property; however, some have restrictions on the amount the owner must have paid the developer b ...
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What is driving real estate demand in Dubai?
a) Liberalisation of the real estate sector – expats can now own property b) High tax-free yields on freehold property rental c) Globalisation and its effects on property prices in metropolitan ...
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What is freehold property?
Freehold property is any estate which is “free from hold” of any entity besides the owner. Hence, the owner of such a property enjoys free ownership for perpetuity and can use the property for any pur ...
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What is the purchase process?
Typically, the prospective Buyer and Seller enter into an MOU, wherein the buyer commits to purchase the property and the seller commits to sell the property. In a purchase transaction, the buyer pays ...
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Under what conditions is default defined?
Developers reserve the right to cancel the property reservation agreement and re-possess the title of the property in case of default from the property purchaser. In such a case, the property purchase ...
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