Real estate agencies in Dubai

According to official figures, Dubai is the second largest emirate in the UAE. The city entered the top of the largest business centers in the world and became one of the most popular tourist cities. Every year, tourists from all over the world come here for outdoor activities, luxurious beaches, shopping and golf. Great weather, plenty of entertainment and an incredibly developed infrastructure make Dubai an attractive place to relax and travel. In addition to tourists and expats, the city is full of entrepreneurs and investors who have been attracted by the benefits of UAE tax laws and the opportunity to buy first-class housing at a bargain price. Therefore, real estate agencies in the UAE are incredibly in demand among foreigners who want to buy local housing.

Interested in real estate companies in Dubai? Planning to buy or rent a local property, but don't know how or where to start? This is not a problem if you turn to UAE Assets specialists. The company employs qualified experts who provide buyers with professional support in finding housing and paperwork. Making a deal involves collecting documents and negotiating, so the support of an experienced real estate specialist will be very important. With the help of a qualified expert, the buyer can easily buy property in Dubai.

Provision of real estate services in Dubai

The local housing market is developing dynamically and offers a variety of housing for every taste and budget. Therefore, more and more foreigners are looking for an opportunity to buy or rent property in the UAE. In other countries, a sale-purchase transaction is possible between the developer and the buyer without a third party, but in the Emirates there are strict laws, according to which a realtor must be involved in the transaction. A realtor in Dubai is a specialist with state registration, which confirms his qualifications. The expert provides professional advice and searches for suitable housing at the request of the client, as well as establishes a connection between the buyer and seller of real estate.

The realtor's responsibilities include:

• Providing reliable information about real estate
• Notice of residential properties on the market
• Thorough check of all documents
• Organization of shows
• Negotiating with the seller
• Preparation of a contract for the sale

The list includes only the main duties of a specialist. A complete list of services can be found in the agency itself or in Law No. 85 of 2006 "On the rules and ethics of the transaction and the behavior of the agent." Real estate services in Dubai are reliable and transparent, as the realtor bears material or criminal liability for poor quality verification of housing documents. The property market and participants are overseen by the Dubai Lands Department (DLD) and the Real Estate Regulatory Agency (RERA). It is they who control Dubai real estate agencies, real estate agencies and brokers.

How much does a realtor cost in the UAE

According to the main clause of the contract, the cost of real estate services in Dubai is formed from a commission. It is usually paid by the client or the seller, depending on who hired the specialist. When hiring a realtor by both parties, the commission is carried out according to the respective shares. Quite often, payment is made by agreement, prescribed in special forms A and B. If there is no fixed commission in the contract, then according to generally established practice, the payment amount is 2% when buying a home and 5% when renting. The work of the agent is considered completed after the buyer and seller were able to agree and formalize the purchase and sale transaction.

This article is for informational purposes, for more details we recommend contacting UAE Assets specialists. Our company has a solid track record in UAE real estate transactions, so you will be provided with first-class advice and services. If you have any questions about the services of realtors or you want to buy property in Dubai, please contact the call center of our office. You can also leave a request for a call back - we will call you as soon as possible and answer your questions.