Every Management Entity must provide RERA with a periodic report every six (6) months concerning the management and maintenance of the property. These reports must detail all works performe…
An Off-plan Sale is the sale of a real property unit that is designated on a plan but is not yet constructed or is incomplete. For such a sale to be legal, the developer must take possessio…
The Appellate Division consists of several tribunals, each formed of two (2) judges and one person recognised for their experience and expertise in real property. Every appellate tribunal m…
A beneficiary is authorised to mortgage Granted Land in favour of licensed banks or financing institutions in the Emirate. However, specific conditions must be met for the mortgage to be va…
A Notice is a formal written notification sent by one party of a lease contract to the other. To be legally effective, it must be served through a Notary Public or delivered via registered…
Properties with unique features like water lagoons or beaches command a significant premium in the resale market. In a desert environment water is a luxury. The Crystal Lagoon concept in Da…
Meydan District 11 is emerging as a niche luxury pocket for villas and townhouses. With the launch of high end projects like Elie Saab and other luxury clusters it attracts investors lookin…
Dubai has matured significantly since 2008 implementing strong regulations to prevent bubbles. The strict mortgage caps requiring higher down payments prevent over leveraging. The escrow ac…
The payment plan for Damac Islands is designed to be investor friendly by spreading the cost over the construction period. Typically you pay 20 percent upfront and then 1 percent monthly or…
Rashid Yachts and Marina is transforming into a prime end user destination because of its low rise luxury buildings and waterfront lifestyle. A major factor is its location near traditional…
The Dubai Land Department provides a transparent system for tracking project progress. You can use the Dubai REST app to view the official completion percentage of any registered project in…
There is a shortage of quality 3 bedroom units in prime locations. Many developers focused on studios and 1 bedrooms for investors leaving a gap in the market for larger family units. As mo…