Login
Register
Reset Password
Property management is the transfer of the owner’s powers to a management company that deals with legal procedures, management, searching for tenants, repairs, collecting keys and paying for utilities.
And our expert will contact you to clarify all the details.
Name of works: | Full package | Basic package |
---|---|---|
Advertising and marketing real estate promotion | ||
Search for a tenant | ||
Preparation and conclusion of a lease agreement | ||
Financial support (receiving payment for rent and transferring money to the owner real estate) | ||
Transferring keys | ||
Payment Processing | ||
Organization tenant check-in | ||
Service real estate (as long as the property is free from rent) | ||
Professional photography | ||
Registration of a rental agreement in EJARI | ||
Inventory object | ||
Market analysis trends | ||
Personal facility manager | ||
Working with requests for repairs | ||
DEWA connection (electricity/water) | ||
Preparation real estate before moving in | ||
Repair management | ||
Reporting | ||
Site inspection before the tenant moves out | ||
Organization Tenant eviction procedures | ||
Pre-lease preparation and cleaning | ||
Solution of current communal issues | ||
Conducting business in committee for resolving rental disputes | ||
Pool service, jacuzzi, saunas | ||
Furnishing the apartment | ||
Technical maintenance and repair of air conditioning systems and boiler | ||
Insurance real estate |
* A minimum payment of at least 5,000 dirhams is required for each of the packages.
*The deposit amount depends on the area of the apartment (on average 1,000 AED for an apartment or 2,000 AED for a villa) and is paid by the owner if there was no previous connection to DEWA.
*You must also consider the Ejari fee of 229 AED for registering the rental agreement with the municipality.
Find the answer to your question. A short guide will help you better navigate the rules, laws and other important information on working with real estate.
There is no direct property tax in the UAE, including Dubai. However, different emirates may have different rules and fees.
In Dubai, for example, a Property Transfer Fee has been introduced, which is usually 4% of the value of real estate and is paid upon purchase or sale.
Tax in % for other cities:
Abu Dhabi:
The property transfer tax rate in Abu Dhabi can vary from 2% to 4% depending on various factors.
Ajman:
In Ajman, the property transfer tax is usually 4%.
Ras Al Khaimah:
The property transfer tax rate in Ras Al Khaimah is generally 2%.
Umm Al Quwain:
In Umm Al Quwain, a real estate transfer tax rate of 2% may also apply.
Sharjah:
In Sharjah, the property transfer tax rate can vary, but is often 4%.
Payment for rental property in Dubai, UAE is often made through a bank check. This payment method is common and provides security for the tenant and landlord. Here is the general procedure for paying rent in Dubai:
Conclusion of the Lease Agreement:
First, a lease agreement is concluded between the tenant and the landlord. The agreement specifies the lease term, rent amount, payment terms and other important details.
Issuing a Check for the Deposit:
The tenant issues a bank check for the amount of the Security Deposit, which is usually equal to one, two or three monthly rent payments. This check is provided to the landlord as a sign that the tenant is willing to provide the security deposit in the event of a breach of contract.
Issuing Checks for Rent:
The tenant issues post-dated cashier’s checks for the full amount of rent for the entire lease term (usually 12 months). Post-dated checks indicate a future payment date.
Signing the Receipt:
After the checks are presented, the tenant and landlord sign a receipt (Cheque Acknowledgment Receipt), which indicates the number of checks, amount, dates and other details.
Mailbox Rent:
The lessor deposits post-dated checks into his mailbox at the bank on the dates prescribed in the agreement.
Use of Electronic Payment Methods:
Recently, there has also been a shift towards the use of electronic means of payment, such as bank transfers or online payment systems. This is a more modern and efficient way of making payments.
It is important to note that the terms of the lease may vary slightly depending on the contract and the agreement of the parties. Before concluding a contract, it is recommended to carefully read the terms and conditions and clarify details with the landlord or real estate agency.
The process of renting out a property in Dubai, UAE involves several steps and it is important to follow local laws and regulations. Here’s the general procedure:
Property Preparation:
Prepare the property for rent. Make sure it is in good condition and carry out any necessary repairs and cleaning.
Market Rating:
Assess the current real estate market in Dubai to determine a reasonable rental price for your property.
Tenant’s choice:
Find the right tenant. This can be done independently or through a real estate agency. Conduct the necessary tenant screening process.
Drawing up a Lease Agreement:
Enter into a rental agreement that must comply with local laws. The agreement usually includes the terms of the lease, term, rent, rules of use and obligations of the parties.
Providing Collateral:
Conclude a Security Deposit Agreement and receive a deposit from the tenant. The deposit is usually 5-10% of the annual rent.
Determination of Payment Terms:
Determine the terms of the rent. In Dubai, rent is usually paid on a recurring basis – annually, four times a year or monthly.
Signing the Receipt:
Sign a receipt (Cheque Acknowledgment Receipt) confirming receipt of checks or other means of payment.
Registration in Ejari:
Register your rental agreement in Ejari, which is the official electronic property registration system in Dubai.
Transfer of Object:
Hand over the property to the tenant by drawing up a transfer and acceptance certificate. Details of the condition of an object are often recorded in documents.
Management support:
If you use a property management agency, provide them with the appropriate information and begin the rental management process.
It is important to pay attention to all local legal requirements and the responsibilities of both the landlord and the tenant. Obtaining professional advice or using the services of a real estate agent may also be helpful to ensure that all necessary procedures are followed.
Purchasing real estate in the UAE involves several stages and requires compliance with certain procedures. Here is a general overview of how the process of buying real estate in the UAE works:
Object Selection:
Determine the type of real estate that you are interested in (apartment, house, commercial space, etc.). Select a specific project or object.
Reservation and Conclusion of the Agreement:
After choosing a property, you reserve a unit and enter into a preliminary agreement with the developer. Usually a small deposit is paid at this time.
Collection of Documents:
Prepare the necessary documents, such as copies of your passport, visa, bank statements, and other documents that may be required depending on the requirements of the developer.
Signing the Official Sales and Purchase Agreement:
After a successful reservation, you sign a formal sales contract with the developer. This agreement defines all the terms of the transaction, the cost of the property, payment terms and other important aspects.
Payment of Fees:
In accordance with the terms of the agreement, you begin paying the fees. Typically, payments occur in stages during the construction of the project.
Receiving Title Deed:
Once construction is completed and all required amounts have been paid, you will receive a certificate of ownership known as a Title Deed.
Registration in Ejari:
If you are buying a rental property, register your property in the Ejari system.
Transfer of Keys:
After completion of construction and receipt of the Title Deed, you will be given the keys to your property.
Payment of Taxes and Fees:
You may be required to pay taxes and fees associated with the purchase of real estate.
Property management:
If necessary, start managing your property, such as rentals.
It is important to remember that procedures may vary slightly depending on the developer, region and type of property. Before entering into a transaction, it is recommended to obtain professional advice and familiarize yourself with the terms of the specific contract.
We are ready to offer our clients comprehensive support: from analyzing the needs of a potential buyer to calculating the investment attractiveness of a particular property.
We perform:
1) Finding suitable real estate that matches the clients’ wishes and budget.
2) We coordinate the financing procedure.
3) We provide personal support when signing documents.
4) We help find an attractive financing package for a potential investor.
Deciding whether buying property in Dubai is a good investment depends on various factors, including your financial goals, holding period, market conditions and your personal approach to risk. Here are a few factors to consider:
Economic Stability:
Dubai is one of the economically stable and developed cities in the region, which may be attractive to investors.
Growing Real Estate Market:
Over the past decades, Dubai has been actively developing its real estate market, offering a variety of projects and infrastructure improvements.
Attractiveness for Investors:
Dubai attracts many foreign investors due to its international status, innovative projects and tax incentives.
Tourist Flow:
Tourism is a key component of Dubai’s economy. A constant flow of tourists can contribute to rental yields.
Real Estate Market Trends:
Check the Dubai real estate market trends periodically. As with everything, prices and demand are subject to change.
Rules and Regulations:
Read the rules and regulations regarding property in the UAE to ensure you are aware of all obligations and restrictions.
Long Term Prospects:
Evaluate your long-term investment goals. Real estate is generally a long-term investment.
Investment Management:
Consider property management. If you intend to rent out, property management may be required.
Despite the attractive factors, it is recommended to conduct thorough analysis and consultation with local real estate and finance experts to make an informed decision about investing in real estate in Dubai.
We have been in Dubai since 2010. During this time, we managed to assemble a team of experts not only in real estate, but also in the Emirates in general. These are people who worked for developers, banks, and government agencies. We have carried out complex transactions and know Dubai and the Emirates very well because it is our second home. We are able to register objects for trust funds, offshore companies, free zone companies, because… We understand how important it is to protect the buyer’s identity.
We know every house and residential complex in Dubai and the Emirates, all their advantages and features. For example, we know where in Dubai the apartments with the best sea views are, where the most luxurious VIP villas are with unique decoration from fashion couturiers and designers, where the greenest areas and the longest swimming pools are. We know in which closed areas it is best to live with your family, so that your children can study nearby in elite English or American schools or universities. We know developers who keep up with the times and are ready to accept cryptocurrencies as payment.
We select real estate that is ideal for you. For example, if you have children, we will select a complex where there will be a playground, a kindergarten and access to the best clubs for your children. And if you are buying a property for investment, we will tell you about the areas and buildings that bring the highest returns in the long and short term, sending you data that we receive directly from the Dubai Land Department, so your decision will be based on real data, which are updated every day.
There is no direct property tax in the UAE. However, there are some mandatory fees and taxes that may be associated with the purchase and ownership of real estate, and these may vary depending on the emirate. For example:
Registration Fees: When registering a real estate purchase transaction, certain registration fees are usually charged.
Transfer Fee: This may be a fee levied when a property passes from one owner to another.
Maintenance and Utilities: Property owners may be required to pay for maintenance and utilities.
Rental Income Tax: If you rent out your property, you may be liable to pay rental income tax. However, rates and rules may vary.
Land tax: In some cases, a land tax may be imposed, especially on undeveloped land.
Therefore, even if the buyer resides abroad, he may still be required to pay some mandatory fees and taxes associated with real estate in the UAE. It is important to seek advice from local experts or attorneys to determine the specific requirements and obligations for a particular transaction and property.
Developers with whom we cooperate directly.
Stories and reviews from our clients about their experience of working with our agency
Our experts and developers will be happy to share their experience and knowledge and help you today.