Understand the costs, the process and the decisions that matter. Browse the Dubai real estate FAQ library.
1948 questions · Page 31 of 163
General
A Brokerage Agreement must be concluded in writing to be legally enforceable. It must clearly state the names of the contracting parties, the specific details of the Real Property, and the…
Read full answerGeneral
Management entities are required to create a cash reserve to cover emergency expenses or equipment replacement. This reserve is kept in an account separate from the standard Service Charges…
Read full answerGeneral
To ensure proper oversight of building operations, every Management Entity is under a strict reporting obligation. They must provide RERA with a periodic report regarding the management and…
Read full answerGeneral
Under Article (11), an Escrow Agent is required to provide the DLD with periodic statements regarding the account's revenues and expenditures. The DLD reserves the right to request addition…
Read full answerGeneral
Article (26) entitles a Master Developer to collect Usage Charges from owners or sub-developers. These charges cover the maintenance of Common Facilities within the master project, such as…
Read full answerGeneral
According to Law No. (6) of 2019, a Master Developer is a person licensed to conduct real property development and dispose of units to others in the Emirate of Dubai. To hold this status, t…
Read full answerInvestment
Buying a corner unit is generally a superior investment strategy if your budget allows. Corner units have larger plots more windows and fewer shared walls making them significantly more att…
Read full answerGeneral
Under Law No. (13) of 2008, the area of a sold Real Property Unit is generally deemed correct. If any excess area is discovered after the unit is handed over, the developer is not permitted…
Read full answerlegal
Landlords must inform tenants in writing 90 days before the contract expiry if they intend to increase the rent.
Read full answerTechnology
The DLD has integrated modern technology to ensure that Title Deeds are digitally secure and authenticated. Modern deeds often contain a note stating that the digital data of the certificat…
Read full answerGeneral
The Icon Tower is intended to be a global landmark similar to the Eiffel Tower in Paris rather than a residential building. Its primary purpose is to redefine the Dubai skyline and act as a…
Read full answerGeneral
To be eligible for the Owners Committee, a person must be an owner residing in the jointly owned real property and possess full legal capacity. Candidates must be of good character and repu…
Read full answer