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Why invest in Dubai ?

-Dubai has a strong economy with a low unemployment rate. -Dubai is a tax-free haven for businesses and individuals. -Dubai has world-class infrastructure, including a modern transportation system, state-of-the-art healthcare facilities, and excellent educational institutions. -Dubai is a safe and secure city with a low crime rate. -Dubai offers a wide range of investment opportunities, including real estate, businesses, and financial products.

How do I trust a broker or Agent ?

1.Get referrals from people you trust. This is the best way to find a broker or agent who has a good reputation. 2.Interview multiple brokers or agents. This will give you a chance to compare their experience, qualifications, and fees. 3.Ask about their experience in the specific type of property you are interested in. You want to make sure that your broker or agent is familiar with the market and can help you find the right property for your needs. 4.Get everything in writing. This includes the terms of the agreement, the commission, and any other fees. 5.Trust your gut. If you don't feel comfortable with a particular broker or agent, don't hesitate to move on. By following these tips, you can increase your chances of finding a trustworthy broker or agent who can help you buy or sell a property.

Know the difference between primary market and secondary market

-A primary market is where companies sell new securities to investors for the first time. -A secondary market is where investors buy and sell securities that have already been issued. -The primary market helps companies raise capital. -While the secondary market provides liquidity for investors.

What information do I need to know before buying a Property in Dubai ?

-Your budget: How much can you afford to spend on a property? -Your needs: What do you need in a property? -The location: Where do you want to live? -The type of property: Do you want to buy an apartment, a villa, or something else? -The developer: Who is the developer? -The price: What is the asking price? -The fees: What are the associated fees? -The legalities: Make sure you understand the legalities of buying property in Dubai. Once you have considered all of these factors, you can start your search for a property in Dubai.

What's an Escrow Account ?

An escrow account is a third-party account that holds funds or property until all parties involved in a transaction have fulfilled their obligations. Escrow accounts are often used in real estate transactions, but they can also be used in other types of transactions. In a real estate transaction, the buyer and seller will typically deposit funds into an escrow account. The escrow agent will then hold these funds until the closing of the transaction. At the closing, the escrow agent will disburse the funds to the appropriate parties. Escrow accounts provide a number of benefits to both buyers and sellers, including security, convenience, and peace of mind. If you are considering buying or selling a property, it is important to understand the benefits of using an escrow account.

What's the freehold property ? and leasehold ?

Freehold and leasehold are the two main types of property ownership. •Freehold means that you own the property and the land it sits on. •Leasehold means that you own the property for a set period of time, typically 99 years. There are pros and cons to both freehold and leasehold. Freehold gives you more freedom and flexibility, but it can also be more expensive. Leasehold is typically cheaper, but you have less control over the property, and you may be subject to restrictions from the freeholder. Ultimately, the best type of property ownership for you will depend on your individual circumstances and needs. If you want the most freedom and flexibility, then freehold is the way to go. If you are looking for a more affordable option, then leasehold may be a better choice.

What's DLD ? and DLD waiver ?

DLD stands for Dubai Land Department. It is the government agency responsible for regulating the real estate market in Dubai. DLD collects a number of fees from property buyers and sellers, including registration fees, stamp duty, and transfer fees. DLD waiver is a term used to describe the exemption or reduction of certain DLD fees. Waivers are typically offered by developers as a marketing incentive to attract buyers. They can also be offered by the government as part of a wider economic stimulus package.

What's the Purchasing process ?

The purchasing process is the steps a company takes to acquire goods or services. It typically begins with identifying a need, followed by researching and evaluating suppliers, and then negotiating and placing an order. The process may also include receiving and inspecting the goods, and then paying the supplier. There are 5 main steps in the purchasing process: 1.Identify the need: The first step is to identify the need for the goods or services. 2.Research suppliers: Once the need has been identified, the next step is to research suppliers. 3.Evaluate suppliers: After researching suppliers, the next step is to evaluate them. 4.Negotiate terms: Once the suppliers have been evaluated, the next step is to negotiate terms with the supplier. 5.Pay the supplier: Once the terms have been negotiated, the next step is to pay the supplier. The purchasing process can be a complex and time-consuming process. However, by following the steps outlined above, companies can ensure that they are getting the best possible value for their money.

Can I sell off-plan Property before its completion date ?

Yes, you can sell an off-plan property before its completion date in Dubai. However, there are a few things you need to keep in mind: 1.You will need to obtain a No Objection Certificate (NOC) from the developer. This is a document that gives the buyer permission to sell the property. The developer will usually only issue an NOC once you have paid a certain percentage of the purchase price. 2.You will need to find a buyer who is willing to pay the price you are asking. This may be difficult, as the property market in Dubai is constantly changing. You may need to lower your asking price in order to find a buyer. 3.You will need to pay transfer fees and other associated costs. These fees can be significant, so you need to factor them into your decision to sell your off-plan property before completion. If you are considering selling your off-plan property before completion, you should speak to a real estate agent who can help you understand the process and get the best possible price for your property.

 When is the best time to apply for mortgage, before or after buying a house?

It is generally recommended to apply for a mortgage before buying a house. This will give you an idea of how much you can afford and make you a more attractive buyer. You can also shop around for the best interest rate. However, there are some cases where it may make sense to apply for a mortgage after buying a house. For example, if you are buying a home in a competitive market, you may need to make an offer without a pre-approval letter. In this case, you will need to be prepared to show the seller that you have the financial resources to buy the home. Ultimately, the decision of when to apply for a mortgage is a personal one. You should weigh the pros and cons of each option and decide what is best for you. Here are some tips for applying for a mortgage: 1.Get pre-approved from multiple lenders. 2.Shop around for the best interest rate. 3. Make sure you understand the terms of the loan.

What is off-plan?

An off-plan property is a property that is still under construction. Buyers purchase off-plan properties directly from the developer, often before the property has been built. This can be a risky investment, as there is always the possibility that the project will not be completed or that the finished product will not be what you expected. However, there are also some potential benefits to buying off-plan, such as the ability to get a lower price and the ability to choose your own finishes and fixtures.

Should I buy or rent?

Buying or renting a home is a big decision that depends on your lifestyle and financial situation. There are pros and cons to both options. Buying a home can be a good investment, as you can build equity over time. However, it can also be expensive, as you'll need to make a down payment and pay monthly mortgage payments. You'll also be responsible for repairs and maintenance. Renting a home is typically less expensive than buying a home, and you won't have to worry about repairs or maintenance. However, you won't build equity in a rental home, and you may not be able to stay in the same place for a long time. The best way to decide whether to buy or rent is to weigh the pros and cons of each option and consider your individual circumstances. If you're not sure, it's a good idea to talk to a financial advisor or real estate agent.

Can I Obtain a Mortgage Without a Job in the UAE?

It's difficult to get a mortgage without a job in the UAE, but it's possible. Lenders may consider your application if you have a steady income from other sources, a good credit score, and a solid financial history. Here are some things you can do to improve your chances: •Get pre-approved for a mortgage. •Get a co-signer. •Offer a larger down payment. •Shop around for the best interest rate. Even if you are approved for a mortgage, you will still need to be able to make the monthly payments.

How many homes should I view before I buy one?

How many homes you should view before buying one depends on your budget, needs, and wants. As a general rule of thumb, view at least 5-10 homes to get a good idea of what's available and what's important to you. Remember, you don't have to buy the first home you see.

How can I negotiate the best price for property in the UAE?

•Do your research. •Be prepared to walk away. •Be polite and professional. •Be patient. •Use a real estate agent. •Consider the seller's motivation. •Be willing to compromise. •Be persistent. Negotiating the best price for a property can be a challenge, but it's definitely possible. By following these tips, you can increase your chances of getting a great deal on your next property purchase.

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