Buying & Selling
- What is the process of buying a preowned property in Dubai?
The process involves selecting a property, signing a Memorandum of Understanding (MoU), applying for a No Objection Certificate (NOC) from the developer, and finally, transferring the ownership at the Dubai Land Department (DLD).
- What documents are required to sell my property?
To sell your property, you typically need the original Title Deed, your passport, a signed listing agreement (Form A), and a valid NOC from the developer.
- Are there any additional fees when purchasing a property?
Yes, buyers should account for the DLD transfer fee (4% of the property value), registration fees, and agency commissions.
Rentals & Management
- How do I register my tenancy contract?
Tenancy contracts in Dubai must be registered through the Ejari system. This is a mandatory requirement that protects the rights of both landlords and tenants.
- Do you provide property management services?
Yes, Preowned Properties offers comprehensive property management services, including tenant screening, rent collection, maintenance coordination, and legal compliance.
Investments
- What are the benefits of investing in Dubai real estate?
Dubai offers high rental yields, tax-free property appreciation, a stable currency pegged to the USD, and a world-class infrastructure, making it a top global destination for investors.
- Can foreigners own property in Dubai?
Yes, foreigners can own 100% of property in designated "freehold" areas in Dubai.
