FAQ
HOW FAST IS THE PURCHASE PROCESS IN DUBAI COMPARED TO GERMANY?
The purchase process in Dubai is much faster than in Germany. No notary appointments or long waiting times are necessary. After the down payment, you will be registered as the owner in the land register and the documents will be issued within a few days.
DO I HAVE TO GO TO A NOTARY IN DUBAI TO FINALIZE THE PURCHASE OF A PROPERTY?
No, in Dubai you do not have to go to a notary. Once you have paid the deposit, you will be entered in the land register as the owner. You will receive the certificate by e-mail and the land register sheet will be sent to you by post.
WHAT ADDITIONAL COSTS ARE INCURRED WHEN BUYING A PROPERTY IN DUBAI?
In addition to the purchase price, around 4 % of the purchase price is charged for processing and entry in the land register. These costs cover the security for both parties and are due immediately with the down payment.
HOW LONG DOES IT TAKE UNTIL I RECEIVE THE OWNERSHIP DOCUMENTS AFTER PAYING THE DEPOSIT IN DUBAI?
You will usually receive the Property Ownership Document within 48 hours of paying the required fees to the Dubai Land Department (DLD). Further documents are usually issued within 45-60 days.
WHAT YIELD CAN I EXPECT ON LONG-TERM RENTALS IN DUBAI?
For long-term rentals, you can expect a return of around 8-10%. The rent is usually paid annually in advance in the form of four checks.
WHAT IS THE AVERAGE RENTAL INCOME FOR SHORT TERM RENTALS IN DUBAI?
The yield on short-term rentals can be higher than on long-term rentals and is often between 15-20%, depending on the location, facilities and demand.
WHAT ARE TYPICAL CLAUSES IN A RENTAL CONTRACT IN DUBAI?
A typical rental agreement in Dubai includes details such as rental period, rental price, payment terms, responsibilities for maintenance and repairs as well as provisions for termination and extension of the contract.
HOW MUCH IS THE DEPOSIT FOR A RENTAL APARTMENT IN DUBAI?
The deposit is usually between 5% and 10% of the annual rent. It serves as security for any damages or outstanding rent and is paid before moving in.
WHAT ARE THE LEGAL REGULATIONS IN DUBAI REGARDING RENT INCREASES?
Rent increases in Dubai are limited by law. According to rental law, landlords can only increase the rent after a rental contract has expired, and the increase may not exceed 15%, depending on the current rent compared to the market value.
WHO IS LIABLE FOR BUILDING DEFECTS IN DUBAI?
In Dubai, the developer is legally obliged to rectify construction defects and structural damage for a certain period after completion of the project. This warranty period is normally 10 years for structural defects and 1 year for non-structural defects.
WHAT LEGAL PROTECTION DO BUYERS IN DUBAI HAVE WITH REGARD TO BUILDING DEFECTS?
Buyers are protected by the statutory warranty, which obliges the project developer to rectify construction defects and structural damage within a certain period after completion.
HOW CAN LANDLORDS PROTECT THEIR RIGHTS IN DUBAI?
Landlords can protect their rights through clear written agreements in the tenancy agreement, regular inspections of the property, timely responses to tenant concerns and, if necessary, legal support in the event of disputes.
WHAT HAPPENS IF A TENANT CAUSES DAMAGE TO THE PROPERTY?
If a tenant causes damage to the property, the landlord can hold the tenant responsible in accordance with the terms of the tenancy agreement. The deposit can be used to cover repair costs if the damage goes beyond normal wear and tear.
WHAT DOES PROPERTY MANAGEMENT IN DUBAI INVOLVE?
Property management typically includes letting and managing properties, collecting rents, maintenance, regular inspections, accounting and reporting, as well as organizing and arranging legal support, if required.
WHAT ARE THE COSTS FOR PROPERTY MANAGEMENT IN DUBAI?
The costs for property management are usually around 10% of the rental income. This fee can vary depending on the size of the property and the specific property.
WHAT SERVICES ARE OFFERED BY A PROPERTY MANAGER IN DUBAI?
A property manager offers various services, including letting, rent collection, organization of maintenance work, regular inspections of the property, bookkeeping and reporting to the owner as well as support, e.g. in the event of tenant disputes.
WHAT ARE THE BENEFITS OF HIRING A PROFESSIONAL PROPERTY MANAGER IN DUBAI?
The benefits of hiring a professional property manager in Dubai include time savings for the owner, efficient rental processes, expert maintenance and repairs, improved tenant relations and ensuring compliance with all legal requirements.
And we can help you realize your dream of a property in Dubai!