Frequently Asked Questions
Question about selling
RERA through Escrow Accounts (accounts that can only be used for property purposes and not for personal or other work) makes sure that there are no delays due to funds
Yes, Dubai RERA (Real Estate Regulatory Agency) is a government agency to regulate the real estate sector in Dubai.
An applicant can get the mortgage for the period left till the retirement age according to the Dubai Government i.e., 65 years.
The government of Dubai provides residential visas to the investors under its Golden Visa programme. The minimum investment to attain a 2 year residence visa is AED 750,000 and AED 2,000,000 to attain a 10 year golden visa, both visa holders can sponsor their family and the visa is renewable.
The average ROI on investment in real estate is 7-8%.
Question about renting
Key documents include the title deed, landlord’s passport and Emirates ID/Residence Visa copy, DEWA account details, bank statement, and mortgage document (if the property is mortgaged). Additionally, a permit from the Dubai Land Department (DLD) is required.
To determine the appropriate rental price, work with a reputable real estate company. They should be familiar with market trends, property types, and locations. They can provide insights into current rental rates, recent transactions and assist with negotiations with potential tenants.
Additional costs of listing your property for rent could include basic maintenance work, decorating and furnishing, and
property insurance
.