FAQ

Ready Property in Dubai can be purchased either from a Developer who has ready inventory or from an individual seller/entity.

In Case of Purchasing from a Developer is generally called Primary Market Sale and the Payment is made directly to the Developer along with the 4% DLD Fees and some other related registration fees based on which the Developer Issues the SPA and registers the Property with DLD and a Title Deed in issued in the name of the Buyer.

In Case of Purchasing from an Individual Seller/Entity is generally called Secondary Market Sale in which the Broker/Agent prepares a Buying & Selling Agreement which is signed by the Buyer & Seller of the property and the transfer of the property is conducted via a Trustee Office authorized to conduct the transfer. The Buyer prepares the payments via Managers Cheque in favour of the Seller/Landlord(s) along with the Brokerage Commission and Trustee Office related fees.

As per the regulations all Developers must maintain an Escrow Account of the specific projects and all payments from the buyers/investors must be made in this Escrow Account. Do Not make any payment outside the Escrow Account even if the Developer insists. If in Doubt you can always check with the DLD about the project and the obtain the related information.

Any Payment made to the Broker/Agent must be in Cheque made to the order of the Brokerage Company and strictly follow a “No Cash Policy”. An invoice and the Payment Receipt should be provided by the Brokerage Company.

Real Estate Activity can be conducted in Dubai only by the Authorized Agents/Brokers. Real Estate Regulatory Authority (RERA) issues Broker Card and a BRN number to each Brokers & Only those Brokers/Agents are authorized to conduct Brokerage Activity in Dubai. You should not hesitate to ask the individual you are dealing with to show his/her Broker Card and make sure that it is valid.

Yes, we assist property investors all across the world – whether they’re based in  the UAE, or elsewhere. We have a truly global client base of investors from almost every continent.

We can also assist with mortgages for both resident and non-resident

Stamp Duty Land Tax (SDLT) is not applicable in Dubai, regardless of where you’re based. Instead, a one-off payment of 4% of the property’s value must be made to the Dubai Land Department (DLD).

In 2002, the UAE passed the Freehold Law, which allows foreigners to freely buy, sell, let and rent property across the country. As a result, property investment in Dubai from individuals and companies has grown significantly over the past 20 years.