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What is the difference between off plan and ready to move in properties?
Off-plan properties refer to real estate developments that are still in the construction phase or have not yet been completed. Buyers typically purchase off-plan properties based on architectural plans, renderings, and promises of the developer, with the expectation of receiving the finished property at a later date.
Ready-to-move-in properties, on the other hand, are completed and available for immediate occupancy. These properties are fully constructed, furnished (if specified), and ready for the buyer to move in or rent out without any further delay.
The main differences between off-plan and ready-to-move-in properties include:
- Timing: Off-plan properties involve a waiting period until construction is completed, while ready-to-move-in properties are available immediately.
- Risk: Off-plan properties carry the risk of delays in construction, changes in market conditions, or potential differences between expectations and the final product. Ready-to-move-in properties generally have fewer uncertainties as buyers can physically inspect the property before purchasing.
- Customization: Off-plan properties offer the opportunity for buyers to customize certain aspects of the property, such as finishes or layout, while ready-to-move-in properties are typically sold as-is.
- Payment Structure: Payment for off-plan properties is often structured in installments, with initial deposits followed by payments linked to construction milestones. Ready-to-move-in properties typically require full payment upon purchase.
Ultimately, the choice between off-plan and ready-to-move-in properties depends on factors such as personal preferences, risk tolerance, investment goals, and timeline.
What is DLD?
DLD stands for “Dubai Land Department.” It is the government entity responsible for regulating the real estate sector in Dubai, United Arab Emirates. The DLD oversees various aspects of real estate transactions, including property registration, regulation of real estate agents and brokers, issuance of permits and licenses, and implementation of property-related laws and regulations.
The DLD plays a crucial role in ensuring transparency, integrity, and efficiency in Dubai’s real estate market. It provides services and platforms for property transactions, facilitates investor confidence, and contributes to the overall development and growth of the real estate sector in Dubai.
Which real estate developers does Xceed work with in Dubai?
Xceed works with top notch real estate developers in Dubai, some prominent ones include Emaar Properties, DAMAC Properties, Nakheel, Meraas, and Dubai Properties, among others. These developers are known for their iconic projects and contributions to Dubai’s real estate.
What is the security of my investment in Dubai?
Ultimately, the security of your investment depends on a combination of factors, including diversification, research, regulatory oversight, professional advice, risk management, and a long-term perspective. By carefully considering these factors and taking appropriate measures, We can help you enhance the security of your investment portfolio.
What is freehold properties in Dubai?
In Dubai, freehold properties allow individuals, foreign nationals, and companies to own real estate outright without any lease agreement. These properties grant full ownership rights, including the land and any structures built on it, without a time limit. Freehold zones, developed by private developers, offer various property types and attract foreign investors due to ownership benefits, potential capital appreciation, and rental income. Popular freehold zones in Dubai include Dubai Marina, Downtown Dubai, Palm Jumeirah, and Jumeirah Lakes Towers (JLT).
What are leasehold Properties in Dubai?
Leasehold properties in Dubai involve leasing the land from a landlord for a specific period, typically 30 to 99 years. Unlike freehold properties, buyers have the right to use the property for the lease duration but don’t own the land outright. While less common than freehold properties, leasehold arrangements can be found in certain developments, offering advantages such as lower upfront costs. Buyers should review lease agreements carefully to understand terms and conditions.
What is Property Management ?
Property management in Dubai involves overseeing the operation, maintenance, and administration of real estate assets, including residential, commercial, and industrial properties. This includes tenant relations, maintenance, financial management, legal compliance, and market knowledge. Property management companies play a crucial role in maximizing returns for property owners while ensuring a positive experience for tenants, serving as intermediaries and handling day-to-day operations.
What is Ejari?
Ejari is an online registration system managed by the Real Estate Regulatory Agency (RERA) in Dubai. It governs the registration of rental contracts for residential and commercial properties, ensuring transparency and legal protection for both landlords and tenants. Ejari generates legally binding tenancy contracts, facilitates dispute resolution, and provides access to government services. It plays a crucial role in regulating the rental market and promoting a fair and transparent environment in Dubai’s real estate sector.
What is the difference between brokerage and advisory?
Brokerage in a business that, within real estate, can mean a single or a collective dealing with buyers and sellers, and taking commissions on deals executed. Brokers assist buyers and sellers with their decisions regarding buying, selling, renting and leasing their properties based on the market performance. Advisory serves mainly to provide advice, but will not take actions to enforce it.
What are the things need to be considered when buying a property?
These are some features you need to consider when buying a property/house.
1. Location
2. Type of Property
3. Purchase Price
4. Finance Options / Mortgage Rates
5. Charges
6. Style, Age and over all condition of the Property and/or home appliances.
7. Property Size