- OUR SERVICES
FIND RENTAL PROPERTY WITH UPWARD
Finding a rental with the aid of a top real estate brokerage can hugely decrease
the stress involved in the process. We assist our clients with the appropriate information they will
need to rent a property in Sharjah, Dubai & Abu Dhabi.
Functionality:
Anyone residing in the UAE, with personal current account and cheque book, can rent a property.
Documents:
A Valid Passport copy
A Valid Visa copy (if you are a resident) OR
A letter from your employer stating that your visa is being processed. Ejari
You will need to pay to register the tenancy contract with Ejari as per Article 22 of Law Number 26 of 2007. Ejari is an online portal that requires every tenant and landlord relationship to be registered, to safeguard the interests of both parties.
Renting Guidelines
When you reserve the property, you will be required to pay the landlord a security deposit – usually the amount of one month’s rent.
Rents have to be paid either bi-annually or quarterly, usually in the form of a cheque addressed to your landlord.
After the EJARI registration, you will need to activate water and electricity utilities through the Dubai Water and Electricity Authority (DEWA). You will need to provideyour DEWA number – a unique reference number for your rental – and a copy of your passport and Emirates ID.
Be sure to take plenty of pictures of the property at the beginning of your tenancy to reinforce your claim of the security deposit at the end of your tenancy contract.
Make sure to enquire about furnishings. You might need to purchase certain
amenities before you move in.
Check the access points of the building and ask for any security codes or swipe cards you may require to enter the building
BUY YOUR DREAM PROPERTY
Owning a property in the United Arab Emirates (UAE) can indeed be an attractive
prospect for various reasons. The UAE, especially cities like Dubai, Sharjah and Abu Dhabi, has become
a global hub for business, tourism, and luxury living.
Checklist When Buying a property
Are you working with the right broker?
Make sure the Brokerage agency is registered Dubai Real Estate Authority and Dubai Land
Department.
Make sure to ask for an agent’s real estate license before proceeding to give any of your
requirements when you intend to purchase.
As a foreigner are you permitted to have 100% ownership of property in Dubai?
In Dubai, foreigners and non-residents can own freehold properties in designated
areas known as freehold areas. These areas are typically located in prime
locations and include popular areas such as Downtown Dubai, Dubai Marina, Palm
Jumeirah, Jumeirah Beach Residence (JBR), and Emirates Hills, among others.
Foreigners can own 100% of the property in these areas without the need for a
local sponsor or partner.
▪ On the other hand, areas outside of the designated freehold areas are known as
leasehold areas, and ownership is restricted to UAE nationals and GCC nationals
only. However, foreigners can still lease properties in these areas for up to 99
years.
▪ Article 3 of Regulation No. 3 of 2006 Determining Areas for Ownership by NonNationals of Real Property in the Emirate of Dubai indicates the land plots
designated as freehold properties. The title deeds are issued by the Land
Department in the emirate. There is no age limit to own property in Dubai.
How long does it take to purchase a piece of real estate?
For off-plan real estate transactions typically take place between one (1) to three
(3) days, provided the Buyer provides all the documentation required and makes
the initial deposit to generate a Sales and Purchase Agreement. After the Buyer
signs the Sales and Purchase Agreement, an Oqood will be generated and given
to the Buyer.
▪ For complete projects/properties the transfer of the title deed typically takes 30
days from the date of signing of the Sales Contract or MOU. Investors/Buyers
MUST be aware that the transfer of the property should always take place at a
Trustee Office in Dubai.
What are the amenities do you need in the neighbourhood?
We listen to our clients taste and preferences and give you a tailor made property
that will fit your lifestyle needs be it schools, hospitals, and parks, clubs, near the
airports
What’s the Return On Investment?
The average ROI one can expect on a property is between 5% to 10%. However with
our expertise it is possible to get a higher ROI with our guidance on selecting the areas
to invest in. Depending on your use of the property, you should never forget to ask
this question to the real estate broker you are working with to set your expectations
before your purchase.
What are the extra charges when buying a property?
An off-plan property direct from a real estate developer.
▪ An initial deposit of 5% to 10% of the property’s price,
▪ DLD Land Registration Charges amounting to 4% of the property’s net selling
price.
▪ DLD Trustee Fee of AED 4,200 and Admin Charges of AED 580 (approximate prices
The secondary market:
▪ DLD Transfer Fees amounting to 4% of the property’s net selling price.
▪ DLD Trustee Fee of AED 4,200 and Admin Charges of AED 580 (approximate
prices)
▪ Real Estate Brokerage Agency Fees amounting to 2% of the property’s net selling
price + 5% VAT
▪ Conveyancing Fee charged by the Real Estate Brokerage
WE CAN MAKE YOUR DREAM INTO REALITY
Buy a property
Owning a property in the United States Of America can indeed be an attractive
prospect for various reasons.
Rent a property
Finding a rental with the aid of a top real estate brokerage can hugely decrease
the stress involved in the process.
Sell a property
CTC Realty Group offers a comprehensive range of services to meet the needs of
clients looking for investment opportunities.
Mortgages
As a completely complementary service our mortgage services works for you to find a
mortgage that fits.
developer properties
We work diligently to exceed your expectations, making your real estate journey not only successful but also enjoyable.
Property handover
The advancement of technology allows for vibrant 3D generated visuals of the property to be
designed.