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.
Question about general
Freehold vs leasehold properties
Freehold ownership allows expatriate residents and foreigners to purchase, register, and own property in designated areas in their own name and be granted fully-transferable property . While leasehold is where expats can own a property for 99 years (some have 99 years lease)
Sharia Law and Property in Dubai
- Applies to UAE citizens or citizens of countries where Sharia Law is applied eg Pakistan.
- Does not apply to Muslims with citizenship of a non-Sharia Law country eg US or UK.
What UAE banks offer off-plan loans?
At this time, the following banks offer off-plan loans: HSBC, Amlak, Dubai Islamic Bank, Rak Bank, Mashreq Bank, and Tamweel.
What are Service charge?
Owning a new property in Dubai will generally require the owner to contribute an annual service charge, which will vary, according to the level of amenities provided by the developer. Within a specific community, the scale of these charges will normally relate directly to the overall floor area of your home.
How do I know if I can increase the rent of my property?
You can do that by looking rera rent increase calculator and then enter the tenancy contract details to see the percentage of increase in the rental value.
Can I vacate my property If I am unhappy with my tenant?
No, a tenant can only be evicted if they fail to comply with terms and conditions laid by the tenancy contract.
What to do if I want to sell my property and tenant wants to stay in?
AS per RERA law a landlord is required to give their tenant a minimum notice of 1 year to vacate the property.
Can a tenant terminate tenancy contract?
Yes, a Tenant can terminate the contract, provided the Tenant will notify the Landlord two (2) months in advance and will be paying two (2) months rent as cancellation from the day of vacating the property and all the utility bills should be settled.