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Buyer’s Guide
A Golden Visa in Dubai is a type of residency visa that allows foreign investors, entrepreneurs, and talent to live and work in the United Arab Emirates (UAE) for a period of up to five years. The visa is usually granted to individuals who make a significant investment in the country, such as buying property or starting a business. The visa also allows the holder to sponsor dependents, such as a spouse and...
In case you are unable to pay for the property in cash, you will need to apply for a mortgage. In order to secure a mortgage approval, you need to prepare the following: Salary letter from your employer Any salary slips you might have received Bank statements of the last six months Passport copy with both a photo and visa page Copy of your Emirates ID Copy of current credit card...
Investors Protection Laws “Off–plan” or under construction developments in Dubai should be registered with RERA. The payments will be made to an escrow account managed by RERA to ensure that all the funds collected are only used for the project’s development. Buying a property from a developer: Buyers have to issue a check with the downpayment, admin fees and registration cost (normally...
The buyer signs Contract B with agency The seller signs Contract A with the agency The buyer submits a 10% deposit cheque (The cheque remains in the custody of the agency) The seller submits a 10% deposit cheque as well (The cheque remains in the custody of the agency) Contract F is prepared by the real estate broker clearly stating the amount to be paid to the seller and all the terms and...
Buying a ready property in Dubai Determine your budget and what type of property you are looking for (e.g. apartment, villa, etc.). Research the different areas of Dubai to find one that meets your requirements and fits your budget. Hire a reputable real estate agent to help you navigate the process and find properties that meet your criteria. View properties and narrow down your...
What’s Trakheesi system? The Trakheesi system in Dubai is a smart system that allows all real estate brokers working in the city to complete their transactions through the official Department’s (DLD’s) website, without the need to visit the Land Department offices. To put it simply, all real estate agents must know about Trakheesi and know how to generate a Trakheesi permit in case they wish to...
What’s Contract F in Dubai Real Estate? Contract F is one of the essential documents required for property transactions in Dubai. Contract F is the Memorandum of Understanding between the buyer and the seller. Also, referred to as purchase agreement, is signed by the two parties, when the buyer agrees to buy a property on a given price. Contract F lists the terms and conditions, rate, commission...
What’s Contract B in Dubai Real Estate? Form B RERA Dubai is a contract between property buyers and brokers. This RERA form mandates buying any property in Dubai through a real estate agent. In an ideal scenario, you should list a qualified property broker, certified by RERA. Form B lists the type of property you are looking for and the budget limits. The RERA certified real estate agents hold sound...
What’s Contract A in Dubai Real Estate? Contract A, also known as Form A, is a RERA approved form that is signed between the seller and the real estate agent. Once the contract is signed between the two, the agent will then be authorised to market your unit. However, sellers can decide the marketing platforms and terms. The listed broker will then not be allowed to market on any other portal, except...