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FAQ FOR SELLER
We have summarized our Dubai real estate experience and answered the most commonly asked by our clients property related questions. Use the search line to find the appropriate. If you do not see what you are looking for, you can always contact our Dubai realty specialists to get a professional advice.

Have more questions? Write us to
jafar.arbab@empirehfbb.com
What kind of taxes does the property owner need to pay?
The United Arab Emirates is a tax-less country so there are no taxes on property or on any income generated off it. However, the property owner is responsible for the annual maintenance fee and service charge payments, which need to be made to the management company hired by the owner's association. Payments are made from between one to four times a year at an average price of AED10-AED30 per sq.ft, depending on the project and services included.
Could you describe the sales and purchase process?
In most instances, the transaction process goes as follows:

  • Buyer chooses the property.
  • Buyer and seller sign the sales and purchase agreement, where all the terms and conditions of the deal are mentioned: the purchase price, additional expenses (agency fee, transfer fee at the DLD, developer's fee, service charge refund, etc), the transfer date of the deal at the DLD, terms of payment and clearly-defined responsibilities and penalties for both parties in case they fail to uphold the conditions set out in the agreement.
  • On signing the agreement, the buyer pays the deposit. This is usually 10% of the purchase price.
  • The seller applies for a no-objection certificate (NOC) from the developer in order to sell the property. The NOC is required for the transfer process at the DLD.
  • Once the NOC is ready, the buyer and seller can transfer the property and register it on the buyer's name. Usually, payments need to be made at the time of registration.
Is it possible to conduct a deal without involving real estate agents?
For the most part, real estate deals are made through agencies in Dubai (like everywhere else in the world). Realty agents are market experts and have up-to-date information on the industry and can help both property owners and buyers or tenants find a deal that suits them best. That being said, it is possible to negotiate a deal without an agency.
What are the requirements that Dubai property agents need to meet?
As per Law No. 85 of 2006 regarding the regulation of real estate brokers, these are some of the requirements for brokerages in the emirate:



  • Have an appropriate trade license from the Dubai Department of Economic Development;
  • The brokerage company and all its brokers must be registered with the RERA. Upon registration, agency is given an Office Registration Number (ORN) and its agents are given a Broker Registration Numbers (BRN);
  • In order to be registered with the RERA, all agents of a brokerage company need a certificate from the Dubai Real Estate Institute (DREI) and have to pass a professional test, administered by the RERA.
Why is it important that an agent is duly registered?
The Dubai market is a melting pot of cultures and it can be a daunting task to those new to the country. It is difficult to trace down who is responsible in the event that something goes wrong in a property deal. Real estate agencies act as intermediaries between buyers and sellers and as such, there is a clear account of who is responsible and both buyer and seller knows where to turn when something goes wrong. Not all agents in the market are registered and it is essential that homeowners and tenants make sure that they are dealing with a registered agent to safeguard their own assets.

As intermediaries, agencies are ethically obliged to work out a deal that is in the best interest of both parties. For example, the agency is responsible for collecting a deposit from the buyer and holding on to it until final payments are made to the seller. The buyer can be assured that he/she will receive the deposit back if something goes wrong with the deal on the part of the seller. Meanwhile, the seller is assured that they will be compensated if the deal is cancelled on the buyer's part.

FAQ for Seller

When you sell any type of property in Dubai, you face with many complications and each your step should be evaluated, so with our professional experience in the market we are ready to help you and perform the answers for some frequently asked questions, so that you will definitely know how to sell property.

When you sell the property, you will require the following documents:
· Original title deed about the property;
· No Objection Certificate that has to be issued by the developer. The certificate is your guarantee that the property is free from any types of liabilities.
· An original of the passport;
· In case of a real estate agency helps you to sell the property, you will be required Form A signed agreement.
· Any other possible documents that will be required to conduct a deal.
How can I get the money from the deal if I do not have a bank account?

Selling property in Dubai, you should take into account that most of the banks perform opportunities to use multi-currency account, so that you can open Dirham account to make your money available for fast clearance. In fact, despite the fact that at the present days, most of the banks are accommodating when opening bank accounts, most of the financial institutions require a visa to open a bank account.

What are the guarantees that I receive real and fair price for property that corresponds to the current real estate market situation?
Empires Heights will offer you as a client, all the historical and factual market figures in order to support the correct price for the property. After that, a seller and an agency have to sign Form A, where a seller will accept and confirm to list the property for sale for a stipulated price.

How to sell property in Dubai if I cannot be personally for the registration process?
It is necessary for you to be in person for the process, otherwise you can come to register your property any other people with a Power of Attorney from you, where it will be described all the power in details on an owners behalf such as to cover the registration process into the seller's name, to include the set up of the utility account and so on.

Is it necessary to hire a lawyer for selling the property?
No, it is not necessary to involve a lawyer but you can if you hesitate concerning some part of the deal. Please note that you cannot give a Power of Attorney for an employee of a real estate agency. All the other documentation about the deal such as Contracts of Sale and others are prepared with the agency and should correspond to the Dubai Government regulations.

Where is it necessary to conduct a deal and transfer of ownership?
All the transfers concerning a deal should be handled with the help of the designated Dubai Land Department Trustee Offices, placed on the territory of Dubai. It is significant that all the parties pertaining to the financial transactions have to be present. Empires Heights agency always informs their clients about all necessary documents and payments which are required on the day of the transfer.
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