FREQUENTLY ASKED QUESTIONS (FAQS)

Q.What is the security of my investment?

Dubai Real Estate market is an international market in the world and always in demand in terms of return on investment; Properties registered under Dubai Land Department authority however Dubai Land department is a legal responsible authority to secure your investment of Real Estate Regulation in Dubai.

Q.What is the security of my investment?

Dubai Real Estate market is an international market in the world and always in demand in terms of return on investment; Properties registered under Dubai Land Department authority however Dubai Land department is a legal responsible authority to secure your investment of Real Estate Regulation in Dubai.

Q.What is the Mortgage management or Cash management?

Property manager will arrange mortgage on your property to add new portfolio to increase profit and cash flaw, installments of finance will be taken care from the rental income and cash management’s reports will be shared.

Q.What is the procedure to mortgage?

Your specific requirements will always be at the heart of everything we do when choosing a property to show you, and assisting you to making the all – important decision. We can advise you on everything down to financing as well via our partnership with Mortgage International.

Q.What are the required documents for tenancy agreement?

Owner's valid passport copies , title deed or sales and purchase agreement and from Tenant valid passport , visa and emirates ID along with the payments required at the time of making tenancy agreement between both the parties.

Q.What is security deposit and why it is important?

Security deposit is a refundable amount charge to Tenant at the time of making contract to secure owners to make sure at the time of handover of the property from tenant everything is in a good working condition, tenant should not misuse the apartment.

Q.What is Tenancy agreement?

Tenancy agreement is a written documents of Terms and conditions mutually agreed between Tenant and Landlord of the said unit for a particular period of time , it shows the rental value, terms, number of payments and security deposit, etc.

Q.How do you arrange prospect client?

Advertisements and marketing in property portals, viewing arrangements, rent negotiation, documentation verifications before finalizing leasing contract with the client.

Q.Why should I deal with RERA certified agent?

RERA is legal authorities in Dubai Land Department frame rules and regulations, terms and conditions to perform Real Estate transactions of Dubai for Local and international clients to increase secure and well manage services in Dubai. Real Estate Broker should passed by RERA exams and RERA call them certified agents once they have their Broker ID so they have gone through with Dubai Real Estate rules and regulation to ensure the right information shared with the investors and healthy competition in this competitive real estate market.

Q.What is the difference between Brokerage and Advisory?

Brokerage is a business act as a Broker. In Real estate it could be single or collective as a firm dealing with Buyer and seller to make commission when deal executed in Land Department called Brokerage, Broker assist Buyer or Seller to take decision on buying, selling and leasing their properties based on market performance. Advisory is to provide advice or opinion but not to take action enforcing them.

Q.How do you find the Rental Value of any property?

RERA announce the current market value of the property which could be little more or less than the actual. The actual price of the property is based on the performance of the market and depends on flow of income through their rentals, location, community, services, available facilities etc. which can figure out as per current deals executed by our certified agents in the market.

Q.What are the documents required to sell the property?

Original Title deed, original passport of Buyer and Seller, Orniginal NOC from Developer ( Should be valid) ,if its mortgage Bank executive should arrange meeting in trustee office or Land department with the payements and other charges of Dubai Land Department

Q.How long it takes to issue NOC for developers ?

Minimum 3 and maximum 15 days to issue NOC from any developres for secondry real estate

Q.What are the docuemnats required for NOC ?

Seller should have title deed and clearance certificate from the developer ,latest or any utility bills , original Paspport and Emiarates if required and Buyer should have original passport and deposit cheque if required to proceed with NOC . If the buyer has mortgage need original offer letter from his bank to apply for NOC from any developers

Q.NOC charges ?

Developers Charged NOC fees from the client and should be paid by the seller to apply for NOC from them

Q.What is the process for NOC ?

Seller should clear all his dues and fixed an appointment with the developers to arrange a meeting with Buyer to proceed for no objection certficate from them

Q.What is NOC?

NOC is called no objection certificate needs to be obtained by the developer of said unit in presence of Buyer and seller in secondary market of Real Estate

Q.How do you help in selling my property?

We analyze the best price according to current market and start advertising your properties in property portal to get prospect client for you who is interested to buy as per your expected price.

Q.Do you have property evaluation process?

Yes, we do have valuation of property through different methods

Q.What are the documents required to buy commercial real estate?

Buying commercial estate need original passport of the buyer in accordance with the complete process of developers before transfers in Dubai Land department

Q.What are the documents required to buy residential real estate?

Buying property is very easy in Dubai and required original passport with the attested visa page to proceed with Dubai Land Department after obtaining No objection letter from Developers to buy residential estate in Dubai.

Q.What is the procedure to mortgage?

Your specific requirements will always be at the heart of everything we do when choosing a property to show you, and assisting you to making the all – important decision. We can advise you on everything down to financing as well via our partnership with Mortgage International.

Q.How do you help in buying property?

We ensure our consultants are a blend of nationalities in order to adapt to the cultural and language requirements of our customers, they are all put through a vigorous training regime which ensure continuous learning through their tenure with footprint and a very determined focus on integrity of our brand to meet the requirements of Practice for our industry for our local and international clients in buying selling or leasing management of properties.

Q.Do we need a Lawyer to buy Property in UAE?

No, Dubai Real Estate has given an option to Buyers and Sellers to perform buying and selling activities with the help of legal power of attorney holders. POA holder can buy or sell properties based in UAE according to their rights mentioned in POA

Q.What is the security of my investment?

Dubai Real Estate market is an international market in the world and always in demand in terms of return on investment; Properties registered under Dubai Land Department authority however Dubai Land department is a legal responsible authority to secure your investment of Real Estate Regulation in Dubai.

Q.What are Leasehold properties?

Leasehold properties means you are buying a property on temporary lease contract to hold land or property leasehold properties the land remains owned by the landlord, who's also known as the 'freeholder'. Ownership of the property will revert back to them once the lease runs out.

Q.What are Freehold Properties?

Buying Free hold property means you are the sole owner of the property and Owner of such estate enjoy the free ownership for perpetuity and can use the land for any purpose in accordance with the local regulations.

Q.What is the Process to evacuate Tenant?

Landlord should serve notice through Dubai Court (Notary Public Notice) 12 months in advance to evacuate tenant with the valid reason of eviction.

Q.What is the process in case any cheque bounce?

As per Law there is a penalty if there is any cheque bounce due to insufficient funds and tenant should arrange rent along with the penalty in 15 working days if not Property manager proceed with Legal and register police complaint and Dubai police start coordinating with the tenant to arrange this bounce cheque with penalty during this course tenant cant travel out of Dubai else Dubai Airport authority will catch him and put him on jail and legal actions will be taken on him.

Q.Why Security deposit should be with Property Manager?

Security deposit is a refundable amount charge to Tenant at the time of making contract to secure owners to make sure at the time of handover of the property from tenant everything is in a good working condition, tenant should not misuse the apartment and there is no dues pending on his behalf, while taking handover from the Tenant Property manager will inspect the apartment to make sure above said conditions fulfilled by the tenant if not required maintenance and dues should be cleared on behalf of the tenant from security deposit and property manager will make sure apartment is in well maintained conditions and ready to handover to another tenant.

Q.What is the process to register DEWA and required documents?

DEWA registration is an online process required Emirates ID and Tenancy agreement for tenant registration and Title deed and passport copy for Owner’s registration, it takes 24 hours for activation and all previous dues should be clear. Security Deposit and connections charges should be at the time of registration.

Q.What is Renewal Notice and why it is important?

As per RERA renewals notice should be send 90 days before expiry date of tenancy agreement and Landlord should inform if there is any changes needs to be done in next year’s contract if tenant is willing to renew the same, renewal rent should be as per RERA index calculator in writing to the tenant through registered email 90 days before the last date of the contract.If landlord fail to send Renewal notice 90 days before the expiry of the contract than Tenant has right to renew the contract as per same terms and conditions and on same rent without any increase.

Q.What is Chiller Charges?

Many project having different connections of AC and it’s not included in DEWA, separate registration needs to be done to get an access of chiller , it’s usually an outsource management company on behalf of the Developers to manage their AC charges and connectivity.

Q.What is move in Process?

After signing the documents, utility registrations, Ejari registration, required inspections and maintenance tenant should received the key and access card to acknowledge the receiving of the apartment in good working conditions.

Q.Utility Registration under Tenant & Landlord?

DEWA and chiller registration should be under Landlord and Tenant name to receive bills under the name of the person who is responsible to arrange the same.

Q.What are the required documents for Ejari?

Title deed, Owner’s passport copy, management form signed by the Landlord, Signed Tenancy agreement, Tenant’s passport , visa and Emirates ID copies, DEWA registration receipt, Ejari registration fee.

Q.What is Ejari?

Ejari is registration of Tenancy agreement with Land Department after signing the contract and utility registration under tenant name before property handover.

Q.What is property management?

The administrational controlling management system on Residential and commercial properties to perform activities on behalf of the owners with their prior approval and legal assistance in accordance with the local regulations and documentations which includes Leasing, Rent collection, Property maintenance and repairs, renewals , property handover and asset management.

Q.Why should I deal with RERA certified agent?

RERA is legal authorities in Dubai Land Department frame rules and regulations, terms and conditions to perform Real Estate transactions of Dubai for Local and international clients to increase secure and well manage services in Dubai. Real Estate Broker should passed by RERA exams and RERA call them certified agents once they have their Broker ID so they have gone through with Dubai Real Estate rules and regulation to ensure the right information shared with the investors and healthy competition in this competitive real estate market.

Q.What is RERA? What are the responsibilities of RERA?

RERA is a part of Land Department (Real Estate Regulation Authorities in Dubai) RERA helps Real Estate in Dubai to set policies and plan for local and foreign investment in Dubai.

Q.What is Land Department? What are the responsibilities?

Land Department is a legal authority established in 1960 by Mr. HH Shaikh Rashid bin Saeed Al Makhtoum the late ruler of Dubai to secure the rights of Real Estate investment in United Arab Emirates. Land Department is a legal body who draft rules and regulation, plan and implementation, registration and ownership of real estate properties both residential and commercial to provide a secure management of Real Estate transactions across UAE.

Q.Why should I trust Foot Print Real Estate?

We are experts in meeting the needs of the most dynamic and demanding property requirements of individuals, companies and investors.  We have earned our reputation by creating tailored solutions to minimize risk and maximize value for each client. Customer satisfaction is our ultimate goal and we prefer to always step ahead to exist in competitive market of UAE.

Q.Why Foot Print Real Estate?

Foot Print Real Estate is a Dubai based real estate brokerage firm, which was formed in April 2008, previously operating in the Emirates of Sharjah since year 2005. The company is managed by talented personnel who have demonstrated outstanding business management capabilities during years of senior positions in management consulting firms with significant exposure to the real estate industry in the United Arab Emirates.  Management of your property goals is of greatest importance to us.
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