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FAQs

Local Professional Advice

How do our fees work?

Our fee is your happiness - Free of Charge Services for new & under construction projects (Directly from developers).

Can you guarantee me a successful resale?

Although we can't provide an absolute guarantee of a successful sale due to the various factors that influence the real estate market, we can assure you that 7 UAE Group is dedicated to maximizing your chances of a successful sale. We bring a wealth of expertise, a vast network, and a proven track record in Dubai and the UAE real estate market. Our team works diligently to market your property effectively, attract qualified buyers, and negotiate the best possible terms on your behalf. We are committed to delivering the best outcome for you and will keep you informed every step of the way. Our goal is your success, and we've consistently achieved exceptional results for our clients. We are here to support you and work tirelessly to meet your expectations and beyond

How many homes should I look at before I make a purchasing decision?

The number of homes you should look at before making a purchasing decision can vary greatly from person to person and depends on several factors, including your specific needs, preferences, and the local real estate market conditions. There is no one-size-fits-all answer, but here are some guidelines to consider:

  1. Set Your Priorities: Before you start searching, define your priorities and preferences. Are you looking for a specific type of property (e.g., single-family home, condo, apartment)? Do you have particular features or amenities in mind? Understanding your priorities can help you narrow down your options more quickly.

  2. Market Knowledge: If you have a good understanding of the local real estate market and have a clear idea of what's available in your desired area, you might find the right property sooner. If you're less familiar with the market, it might take more time and viewings.

  3. Budget: Your budget is a significant factor. If you have a strict budget, it may limit your options, making the decision-making process faster.

  4. Emotional Attachment: Some buyers may instantly fall in love with a property that meets their criteria, while others need to view several homes to develop a strong preference.

  5. Time Constraints: If you have time constraints, like needing to move quickly, you may need to make a decision after viewing fewer properties.

  6. Local Market Conditions: In a competitive seller's market, properties may sell quickly, and you might not have the luxury of viewing many homes. In a buyer's market, you may have more time and options.

In general, it's advisable to view at least a few properties to get a sense of what's available and to make an informed decision. Some buyers may find their ideal home after looking at just a handful of options, while others might need to view more. A real estate agent can also provide valuable insights and help you streamline the process by showing you properties that closely match your criteria. Ultimately, the right number of homes to look at is the one that leads you to a property you're excited about and confident in purchasing.

Frequently asked questions tailored for international buyers interested in the Dubai real estate market:

  1. Can international buyers purchase property in Dubai?

    • Yes, Dubai welcomes international buyers, and they are eligible to own property in designated areas.

  2. What are the key steps involved in buying property in Dubai as an international buyer?

    • The process includes property selection, reservation, legal documentation, and financial transactions. Our team will guide you through each step.

  3. Are there any restrictions on property types or locations for international buyers in Dubai?

    • While some areas may have specific regulations, Dubai generally offers a wide range of property options for international buyers.

  4. How can international buyers finance their property purchase in Dubai?

    • International buyers can explore financing options through local banks. We can assist in connecting you with financial institutions for suitable solutions.

  5. What legal considerations should international buyers be aware of when purchasing property in Dubai?

    • Understanding local laws, fees, and regulations is essential. Our legal experts will provide detailed guidance throughout the process.

  6. What taxes and fees are associated with purchasing property in Dubai as an international buyer?

    • Buyers may incur registration fees and other costs. We will provide a comprehensive breakdown of all associated expenses.

  7. Can international buyers invest in Dubai real estate remotely without visiting in person?

    • Yes, it is possible to complete the purchase remotely, and our team can facilitate the necessary processes to make it convenient for you.

  8. What types of properties are popular among international buyers in Dubai?

    • Popular choices include luxury apartments, villas, and properties with iconic views. We can help you find the ideal property based on your preferences.

  9. Is investing in Dubai real estate for rental income advisable for international buyers?

    • Yes, Dubai's real estate market is attractive for rental income. We can provide insights into potential rental yields and market trends.

  10. How can international buyers stay informed about the Dubai real estate market and receive updates from abroad?

    • We offer regular updates, market reports, and personalized communication to keep you informed about Dubai's real estate trends and new listings.

Understanding the legal steps and FAQs makes the journey smoother.:

The Legal Landscape: Dubai's real estate law, primarily Real Estate Law No. 7 of 2006: Land Registration Law, paves the way for property ownership. It extends to UAE citizens, GCC citizens, and designated areas for foreign ownership, offering options like freehold and leasehold.

Step-by-Step Guide:

  1. Formulating a Contract:

    • Engage in negotiations with the seller.

    • Decide between cash or mortgage, leveraging the advantage of clarity in cash transactions.

    • Ensure a transparent agreement on crucial factors like price and payment modes.

  2. Signing the Agreement of Sale (MOU):

    • Formalize the deal by signing the sale agreement or MOU (Form F).

    • A 10% security deposit is paid by the buyer to the Registration Trustee.

    • Access the MOU from the official Dubai Land Department website.

  3. Application for a No Objection Certificate (NOC):

    • A joint meeting with the buyer, seller, and agent takes place at the developer’s office.

    • Apply and pay for an NOC, granted upon settling any outstanding service charges.

  4. Effecting the Ownership Transfer with DLD:

    • With the NOC in hand, meet the seller at the Dubai Land Department (DLD) office.

    • Ensure all necessary documents are ready, including a manager’s cheque, original IDs, NOC, and signed MOU.

    • Post-completion, a new title deed is issued in the buyer’s name.

Frequently Asked Questions:

  1. How Long Does the Process Take?

    • Typically, the process spans two to ten weeks, with variations based on property conditions.

  2. What Are the Admin Costs?

    • Admin costs include Dubai Land Department fees (4% of property value)

    • Property Registration Fee

  •       Title Deed issuance fee

  • and Agent’s fee (2% of property value if not direct from developer).

  1. What If Buying on a Mortgage?

    • Pre-approval is crucial before signing the agreement.

    • Additional fees involve the Bank Mortgage Arrangement fee and Property Valuation fee.

  2. What If the Seller Has an Existing Mortgage?

    • In such cases, the buyer must settle the original mortgage before applying for NOC.

  3. Can Non-Resident Foreigners Buy Properties in Dubai?

    • Yes, subject to conditions and limited to designated freehold areas.

Mastering these four key steps and understanding the nuances of property ownership in Dubai is essential for a successful and informed investment. Whether you're eyeing apartments or villas, explore the diverse range of available properties in Dubai tailored to your preferences. Your journey into Dubai's real estate market awaits!

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