Real Estate Brokerage in Al Ain

Real Estate Brokerage Company in UAE

Dubai is emerging as a global leader in the real estate market, renowned for delivering the highest return on investment in the sector.

Residential Real Estate in UAE

The years 2023 and 2024 have seen unprecedented demand for residential real estate. Residential property values have surged by 29%, marking a historic high. The recent introduction of the Golden Visa scheme, allowing investors to obtain residency by purchasing property worth Dh2 million dirhams, has significantly boosted the residential real estate market in Dubai.

Buying Residential Properties in UAE

Purchasing a residential property in Dubai, UAE is a simple straightforward process. The buyer and seller agree on a Sale or Memorandum of Understanding (MOU) and other terms and conditions, with or without the assistance of a real estate brokerage. Both parties obtain a No Objection Certificate (NOC) to transfer the property from the seller's name to the buyer's name.

They then report to the Dubai Land Department to complete the transfer of ownership. Investing in real estate in Dubai can be highly beneficial for investors. Recent trends show that apartment rents for new contracts have increased by 16% annually, with significant rent rises for existing tenants as well.

Key Residential Areas in UAE

Jumeirah Village, International City 1 and 2, Al Warsan, Damac Hills, Satwa, and Muhaisnah are some of the affordable and budget-friendly areas for investment. These neighbourhoods offer a mix of communities with all the essential amenities to meet the needs of residential families.

Can foreigners buy properties in Dubai?

Yes, foreigners can buy property in Dubai, specifically in designated freehold areas like The Palm Jumeirah, Downtown Dubai, Burj Khalifa, Dubai Marina, Emirates Hills, Barsha Heights, Blue Water Island, and Business Bay. Benefits include no taxes, eligibility for a long-term residence visa, and the ability to apply for mortgages through national and private banks.

Selling Residential Properties in UAE

Selling a residential property in the UAE involves several key steps:

• Presentation: Ensure the property looks its best by fixing defects and cleaning thoroughly.
• Market Appraisal: Get a professional market appraisal to set an accurate price.
• Listing and Marketing: Sign Form A with the Dubai Land Department, then use professional photos and premium listings to attract buyers.
• Viewings and Negotiations: Arrange viewings and negotiate terms through your agent, who will manage the process.
• Finalizing the Sale: Obtain a NOC, arrange utility disconnections, and complete the transfer at the Dubai Land Department.

Renting Residential Properties in UAE

Real estate brokerage companies assist in finding the right tenants for renting out residential properties such as villas and apartments in the UAE. Reach out to the list of residential and commercial real estate brokerage agents and companies in UAE.