Frequently Asked Questions
Documents required
Required Documents:
● Original title Deed.
● Original NOC from Developer.
● MOU Sale agreement form (F).
● Original passport, visa, Emirates ID (seller and buyer).
● Seller Chq.
Land Department Fees:
● 4% from selling price + 580 AED (If Apartment, Villa) or + 430 AED (If Land) (Manager chq).
Registration Trustee Fees:
● 4,000 AED + 200 AED (5%VAT) if the price of the property equal or more than 500,000 AED.
● 2,000 AED + 100 AED (5%VAT) if the price of the property less than 500,000 AED.
Required Documents:
1. Original title Deed.
2. Original NOC from Developer.
3. MOU Sale agreement form (F).
4. Trade license with valid full set of the parties.
5. Memorandum of Association. (Arabic ).
6. Board of Resolution/Power of attorney (Documents Required).
7. Company Stamp.
8. Original passport, visa, Emirates ID (seller and buyer).
9. Seller Chq.
Land Department Fees:
● 4% from selling price + 580 AED (If Apartment, Villa) or + 430 AED (If Land) (Manager chq).
Registration Trustee Fees:
● 4,000 AED + 200 AED (5% VAT) if the price of the property equal or more than 500,000 AED.
● 2,000 AED + 100 AED (5% VAT) if the price of the property less than 500,000 AED.
Note: If Free Zone Company own by Individual, required documents are listed below.
Sale:
● Original title Deed.
● MOU Sale agreement (form-F).
● No objection certificate (NOC) from developer.
● No objection certificate (NOC) from a Free Zone (Only for buying) (for selling not required).
● Certificate of Good Standing.
● Certificate of Incorporation.
● Certificate of Incumbency.
● Memorandum of Association. (Arabic legal translation).
● Shareholder Resolution. (Arabic legal translation).
● Company Stamp.
● Original passport, visa, Emirates ID (seller and buyer).
Land Department Fees:
● 4% from selling price + 580 AED (If Apartment, Villa) or + 430 AED (If Land) (Manager chq).
Registration Trustee Fees:
● 4,000 AED + 200 AED (5% VAT) if the price of the property equal or more than 500,000 AED.
● 2,000 AED + 100 AED (5% VAT) if the price of the property less than 500,000 AED.
Note: If the company owned by (one or two) person(s) and (he or they) will sign no need for shareholder resolution.
Free Zone (In Dubai): Incumbency Valid is, If:
- if issued in UAE (For selling 180 days, For buying 180 Days)
- if issued in Out side UAE (For selling 180 days, For buying 180 Days) .
NOTE: An Offshore Overseas Company (e.g. BVI) must be registered in any free zone in Dubai to purchase a property.
Note: If Free Zone Company own by Overseas Company (e.g. BVI), required documents are listed below.
Sale:
● Original title Deed.
● MOU Sale agreement (form-F).
● No objection certificate (NOC) from developer.
● No objection certificate (NOC) from a Free Zone (Only for buying) (for selling not required).
● No objection certificate (NOC) from Dubai Land Department (Only for buying) (for selling not
required).
● Certificate of Good Standing. (Attestation + Arabic legal translation).
● Certificate of Incorporation. (Attestation + Arabic legal translation).
● Certificate of Incumbency. (Attestation + Arabic legal translation).
● Memorandum of Association. (Attestation + Arabic legal translation).
● Shareholder Resolution. (Attestation + Arabic legal translation).
● Company Stamp.
● Original passport, visa, Emirates ID (seller and buyer).
Land Department Fees:
● 4% from selling price + 580 AED (If Apartment, Villa) or + 430 AED (If Land) (Manager chq).
Registration Trustee Fees:
● 4,000 AED + 200 AED (5% VAT) if the price of the property equal or more than 500,000 AED.
● 2,000 AED + 100 AED (5% VAT) if the price of the property less than 500,000 AED.
NOTE: The Incumbency certificate is Valid Free Zone (In Dubai): Incumbency Valid is, If:
- if issued in UAE (For selling 180 days, For buying 180 Days)
- if issued in Out side UAE (For selling 180 days, For buying 180 Days) .
NOTE: If an Offshore Overseas Company (e.g. BVI) want to sell a property in Dubai, they can sell directly but If an offshore (Overseas Company e.g. BVI) want to buy a property in Dubai, they must register a company in any Free Zone in Dubai and then they should get NOC from a Free Zone and NOC from Dubai Land Department to buy.
NOTE: All Offshore Overseas Company (e.g. BVI) documents must be attested in Ministry of Foreign Affairs Home Country, UAE Embassy Home Country and Ministry of Foreign Affairs in UAE) + (Arabic legal translation).
Required Documents:
○ Original Delayed Sale contract.
○ No Objection Certificate (NOC) from Developer.
○ MOU Sale agreement form (F).
○ Original passport, visa, Emirates ID (seller and buyer).
Land Department Fees:
○ 4% of sale price + 40 AED.
Registration Trustee Fees:
○ 4,000 AED + 200 AED (5% VAT) if the price of the property equal or more than
500,000 AED.
○ 2,000 AED + 100 AED (5% VAT) if the price of the property less than 500,000 AED.
Required Documents:
○ Original Delayed Sale contract.
○ No Objection Certificate (NOC) from Developer.
○ MOU Sale agreement form (F).
○ Original Lease Letter from bank.
○ Original passport, visa, Emirates ID (seller and buyer) .
Land Department Fees:
○ 0.25% of mortgage price +20 AED.
○ • 4% of sale price + 40 AED..
Registration Trustee Fees:
○ 4,000 AED + 200 AED (5% VAT) if the price of the property equal or more than
500,000 AED.
○ 2,000 AED + 100 AED (5% VAT) if the price of the property less than 500,000 AED.
Required Documents:
○ Original Title Deed.
○ No Objection Certificate (NOC) from Developer.
○ MOU Sale agreement form (F).
○ Original Lease Letter from bank.
○ Original passport, visa, Emirates ID (seller and buyer).
Land Department Fees:
○ 0.25% of mortgage price + 290 AED.
○ 4% of sale price + 580 AED (If Apartment) or 430 AED (If land or villa).
Registration Trustee Fees:
○ 4,000 AED + 200 AED (5% VAT) if the price of the property equal or more than
500,000AED
○ 2,000 AED + 100 AED (5% VAT) if the price of the property less than 500,000AED
Required Documents:
○ Original Title Deed.
○ Original Release Lease To Own Letter from bank
○ Original passport, visa, Emirates ID.
Land Department Fees:
○ 1,010 AED lease to own discharge + 550 AED (If Apartment or villa) or + 410 AED (If
land).
Registration Trustee Fees:
○ 300 AED + 15 AED (5% VAT).
Required Documents:
○ Original Title Deed.
○ Original Finance Lease Letter from bank
○ Original passport, visa, Emirates ID.
Land Department Fees:
○ 0.25% of mortgage price + 580 AED if (Apt. Villa) or 430 AED if (Land).
Registration Trustee Fees:
○ 4,000 AED + 200 AED (5% VAT)
Required Documents:
○ Original Title Deed.
○ Original Release Finance Lease Letter from bank
○ Original passport, visa, Emirates ID
Land Department Fees:
○ 1,000 AED mortgage discharge + 560 AED (if Apt. Villa) or + 430 AED (if Land.
Registration Trustee Fees:
○ 300 AED + 15 AED (5% VAT)
Buyer's FAQs
Foreign Ownership
Dubai is in the process of creating an international property market from scratch, with foreign ownership of freehold. Thus buyers are given an exceptionally good deal to encourage them to be pioneers.
Tax Free Income
Dubai is a city where a lot of people earn high tax-free salaries and are in a position to support higher house prices. This is a city with a 20 year track record of strong economic growth and will continue to attract foreign and regional inward investment. No Corporate Tax, No Income Tax & No Capital Gains Tax.
International Business Hub
Long recognised as the leading regional trading hub of the Middle East, Dubai has now become an international business and re-export center. The country has developed rapidly over the past 10 years and has transformed itself from an oil dependent regional entrepot into a highly diversified international business center of global significance. Dubai is on the radar screen of the world!
Tourism
Over 6.9 million tourists visited Dubai in 2014 and this figure is expected to grow to in excess of 15 million by 2015. Dubai is going from strength to strength.
This really depends on the short and long-term objectives of your business. Renting a property gives the tenant the flexibility of expanding the size, moving locations, or even shutting shop without having exposure to the property market. On the other hand, purchasing a property protects the occupier from rent escalations, eviction notices, or other unreasonable landlord demands and allows scope for capital appreciation.
While offices tend to be focused in locations, such as, Sheikh Zayed Road, Business Bay, and Jumeirah Lake Towers, warehouses and labour camps have been centric towards industrial locations, such as, Al Quoz and Dubai Investment Park.
If you are a non-UAE national, you can only buy in areas designated specifically for expatriate freehold and leasehold sales.
Yes, you can get finance for commercial property in the same way as residential. Both individuals and firms can borrow. Provided you have the right credentials and satisfy the simple requirements, lenders are willing to finance a purchase in a number of locations across the city.
Yes. Freehold ownership of land and property for UAE and GCC citizens has been legalised, while allowing the same rights to non-GCC expatriates to pre-designated areas that will be approved by the Ruler of Dubai. In Dubai, commercial freehold property is available in many areas, including Business Bay, Jumeirah Lake Towers, Tecom, and DIFC.
Yes, the business requires a rented or owned commercial property in order to secure a trade license.
Yes. Under Review by the UAE government.
- Complete a reservation form and include a copy of your passport.
- Transfer the required down payment.
- On receipt of the contract from the developer, review, sign and return same.
- Make installment payments as per the agreed payment terms.
In July 2007, the Dubai government issued Law No. 8 “Concerning Guarantee Accounts of Real Estate Development in the Emirate of Dubai”. This law states that developers receiving off-plan payments for property that is not yet complete must open a guarantee account, commonly known as Escrow or Trust accounts. Payments received from buyers must then be deposited in these accounts, which are operated by approved banks. In order to withdraw funds from such an account, the developer must apply to the trust account manager with documentary evidence from an approved consultant that an agreed stage of construction has been reached. The Dubai Land Department, who oversee the enforcement of this law, must be informed every time funds are being released from the account to the developer.
The Real Estate Regulatory Authority – RERA – has been formed under the affiliation of the Dubai Land Department. RERA will regulate real estate activities in Dubai (including the escrow law). With administrative and financial autonomy, RERA will supervise and regulate real estate developers, real estate agents, financiers and co-owners’ associations.
RERA and escrow laws have been founded in order to eliminate the risks involved in Dubai real estate market hitherto. These had amounted to Property developers with no clear title to the development or the corresponding land.
- Lack of a proper record of real estate related activities in Dubai
- Lack of uniformity in rules and regulations concerning real estate
- Risks in the mortgage market that go against the property buyer’s interests
- Uncertainty involved in the completion of a real estate project
Seller's FAQs
Agency commission: The commission is usually 2% of the achieved sales price. (1% Seller + 1% Buyer)
If your property is in an area where there is a high demand, you don’t need to do any more than making sure the property is clean and ready for photography. Should your property fall into an area with lots of supply we will find a way to highlight the unique selling points.
Proof of ownership – which could be the Title Deed, Sales and Purchase Agreement, Mortgage Agreement and Proof of Registration on the Land Department’s Registry or Interim Registry – a copy of your passport with a residence visa page (if applicable). If this is your first time with us, any final bills regarding DEWA and District Cooling and Service fees if you have lived in it or had your property tenanted.
A tenant has the right to stay until the end of his Tenancy Agreement. The buyer would have to take the tenant over, as you would need to advise the tenant at least three months before the end of the tenancy year that you are selling the property and then, you or the buyer, could come to an agreement with the tenant on whether they want to renew.
Our agents will show prospective buyers around your property. All we require from you are the keys. If you still have tenants living in your property they have to agree to viewings. We will make sure not to disturb them and agree on a suitable time to come and view the property. If you yourself live in the property we will agree to the best timings with you. It is worth noting that buyers often feel more relaxed when the owner is not present.
Not if we have already received a deposit from the buyer.
Required Documents
1- Original title Deed
2- Original NOC from Developer
3- MOU Sale agreement form (F)
4- Original passport, visa, Emirates ID (seller and buyer)
5- Seller Cheque
Land Department Fees
4% from selling price + 580 AED (If Apartment, Villa) or + 430 AED (If Land) (Manager chq).
Registration Trustee Fees
4,000 AED + 200 AED (5%VAT) if the price of the property equal or more than 500,000 AED.
2,000 AED + 100 AED (5%VAT) if the price of the property less than 500,000 AED.
Required Documents
1- Original title Deed.
2- Original NOC from Developer.
3- MOU Sale agreement form (F).
4- Trade license with valid full set of the parties.
5- Memorandum of Association. (Arabic ).
6- Board of Resolution/Power of attorney (Documents Required).
7- Company Stamp.
8- Original passport, visa, Emirates ID (seller and buyer).
9- Seller Chq.
Land Department Fees
4% from selling price + 580 AED (If Apartment, Villa) or + 430 AED (If Land) (Manager chq).
Registration Trustee Fees
4,000 AED + 200 AED (5% VAT) if the price of the property equal or more than 500,000 AED.
2,000 AED + 100 AED (5% VAT) if the price of the property less than 500,000 AED.
Required Documents
1- Original title Deed.
2- MOU Sale agreement (form-F).
3- No objection certificate (NOC) from developer.
4- No objection certificate (NOC) from a Free Zone (Only for buying) (for selling not required).
5- No objection certificate (NOC) from Dubai Land Department (Only for buying) (for selling not required).
6- Certificate of Good Standing. (Attestation + Arabic legal translation).
7- Certificate of Incorporation. (Attestation + Arabic legal translation).
8- Certificate of Incumbency. (Attestation + Arabic legal translation).
9- Memorandum of Association. (Attestation + Arabic legal translation).
10- Shareholder Resolution. (Attestation + Arabic legal translation).
11- Company Stamp.
12- Original passport, visa, Emirates ID (seller and buyer).
Land Department Fees
4% from selling price + 580 AED (If Apartment, Villa) or + 430 AED (If Land) (Manager chq).
Registration Trustee Fees
4,000 AED + 200 AED (5% VAT) if the price of the property equal or more than 500,000 AED.
2,000 AED + 100 AED (5% VAT) if the price of the property less than 500,000 AED.
NOTE: The Incumbency certificate is Valid
Free Zone (In Dubai): Incumbency Valid is, If:
if issued in UAE (For selling 180 days, For buying 180 Days)
if issued in Out side UAE (For selling 180 days, For buying 180 Days) .
NOTE: If an Offshore Overseas Company (e.g. BVI) want to sell a property in Dubai, they can sell directly but If an offshore (Overseas Company e.g. BVI) want to buy a property in Dubai, they must register a company in any Free Zone in Dubai and then they should get NOC from a Free Zone and NOC from Dubai Land Department to buy.
NOTE: All Offshore Overseas Company (e.g. BVI) documents must be attested in Ministry of Foreign Affairs Home Country, UAE Embassy Home Country and Ministry of Foreign Affairs in UAE) + (Arabic legal translation).
Documents Required
– Original Delayed Sale contract.
– Contract F (if there is an agent involved)
– Original passport, visa, Emirates ID (seller and buyer).
– Statement of Account (SOA)
Fees
Land Department Fees:
4% of sale price + 40 AED.
Registration Trustee Fees:
4,000 AED + 200 AED (5% VAT) if the price of the property equal or more than 500,000 AED.
2,000 AED + 100 AED (5% VAT) if the price of the property less than 500,000 AED.
Landlord's FAQs
Pre-Inspection fee:
First of all we would need to visit your property to get a better idea of its exact location and physical state to market it properly. This will include an inventory check and preliminary snagging list. Obviously, the larger the property the more work there may be for us to oversee so the cost will depend on our time involvement. Please ask one of our consultants for a quote.
External fees: Making the tenancy official
We will register the tenancy contract for you with RERA’s online registration system Ejari. This is a compulsory and necessary step to protect you and the tenant in case of any disputes to be heard by the rents committee. The cost for registration currently is Dh310.
Agency fees: We will charge you an agency fee for marketing and leasing your property.
Please contact on of our consultants to discuss your requirements and the appropriate fee, which will be an ‘x’ percentage of the agreed tenancy value. We will only collect this fee once the property is successfully leased out.
We will market your property on all the major property portals and through our own website and client network. We will make sure your asking price is in line with market expectations.
- Proof of ownership, which could be the Title Deed, your purchase and sales agreement or mortgage agreement and proof of registration on the land department’s registry or interim registry
- Copy of your passport, if applicable with residence visa page
- If this is your first time with us, any final bills regarding DEWA and district cooling and service fees if applicable
Our RERA certified, ask for the brokers license, agents will show prospective tenants around your property seven days a week. All we require from you is the keys, which we will keep safe and your property locked. If you still have tenants living in your property and they agree to viewings, we will make sure to disturb them as little as possible and agree on a suitable time to come and view with them. You may have some maintenance and repair crew entering your property to rectify any snags, paint and so on. We will have an agent there to supervise them.
We will advise you on the same, after we have carried out the pre-inspection and compared your properties to others in the area. Our expert letting agents will provide you with a professional valuation.
You may have to discuss the terms of the rental agreement should the tenant or you want to add any conditions to the basic contract. We will collect a security deposit from the tenant we will pass on to you once the final agreement has been signed. We will hand over the keys to the tenant as soon as we have either the full rent or if agreed post-dated cheques in our hands and again pass them on to you along with the signed tenancy contract. Don’t worry about utility connections we will take care of that for you.
The tenant has to let you know three months by law, or as stated in the rental agreement, whether he/she intends to move out. Equally you would have to let to know the tenant in this time frame whether you require the property for yourself. This would be the time to renegotiate the rent and any other terms of the agreement. We can do this for you if you instruct us to, just consult on of our agents.
