Real Estate Guides

Buying Your Dream Home In Dubai

At Hemnet, you are number one.Whether you are a property owner, tenant, or buyer, we value your business and will provide you with the individual attention and service you deserve. We believe in a strict Code of Ethics. We believe in integrity, commitment to excellence, a professional attitude, and personalized care.

Our focus is to fulfill our customer needs. By focusing on the key regions we are UAE’s tech-driven and leading real estate agency. We service includes the assistance of transparent property transactions to investors, landlords, and tenants. We are delivery wide range of services that includes: off-plan and short-term rentals to residential and commercial sales with the benefit of property leasing and management services

Smooth And Hassle-Free Transactions

The real estate industry in Dubai presents itself as radically distinctive from other countries. Their Buyer guide makes all the effort to make sure you make the best decision by knowing everything beforehand. For this reason, having a thorough checklist can help you when entering the property market. It should also include a fixed budget; so you do not overspend. Additionally, you should be aware that the buffer time for sale transactions in the real estate market can range from 30-45 days.

Property Evaluation And Other Considerations

While making a real estate decision, you have to undertake immense consideration. Make sure to evaluate the property in question. Try to look for a real estate opportunity that can turn into an investment; so you do not have issues later on. You can hire a mortgage advisor to guide you throughout transactions, bank pre-approvals, and secondary markets. Other than that, make sure to do a background check on your developer’s character and standing and their punctuality regarding previous projects.

Hassle-Free Property Search (Ethical Dealings)

When you approach a mortgage provider in Dubai, they will qualify you based on a pre-approval. You can select your dream home from their comprehensive property listings, or their local knowledge and extensive connections will assist you in locating the suitable property. Their wide assortment of outstanding properties on the market in Dubai will leave you wanting more. Hemnet Properties has brokers registered with the RERA. It will keep your information secure and make your purchases ethical in every way.

Offer And Registration Of Your Ownership

After analyzing your options, you can put in a proposal for whichever property you prefer to purchase. The broker responsible for this listing will negotiate and out in your offer. They will also make sure you get the best deal possible. In the scenario where the seller accepts your offer, your broker will create a Memorandum of Understanding. At this point, you need to pay a booking deposit. Your realtor will be there for you until you receive the reins to your forever residence. You will require to give a 4% DLD transfer fee. Other than that, you will have toregister your ownership with Dubai Land Department before receiving the new Title Document and real property rights.

Congratulations On Your Property Purchase!

With the acquisition of a property,Hemnet Properties provides one year of complimentary property management. Plenty of the agents are RERA-registered. All of this allows them to be licensed for three-years to sell and rent real estate in Dubai.

Overview

The UAE is an ever expanding economy. The real estate industry in Dubai presents itself as radically distinctive from other countries. The city, combined with its tax-free global setting and rapidly developing tourism industry providing investors with a wide array of investing opportunities. The availability of reliable infrastructure and rising interest in residential property investment only spell good news for investors in Dubai. All of these have led to an increase in demand for both residential and commercial property investment.

Where To Do Investment In Dubai?

The purchase of your dream home necessitates extensive research and patience. You must select between essential and desirable features. The area of a rental property is one of the most significant aspects. When making a real estate decision, you must think about a lot of things. Make sure to assess the property at hand as thoroughly as you can. All of this may influence the services available around the property, making it a vital factor for investors to evaluate while making a plan to invest. Current buyers choose to invest in properties near monuments, such as those near Business Bay or the Marina. Investing in a decent location is just as crucial as picking a respected constructor. In Dubai, it is critical to partner up with a business that is eminent in the area.

Not only will this keep their services of the best quality, but they will help you get the best investment prospects with the most returns. To avoid problems later, try to find a real estate opportunity that gets turned into an investment. You can engage a mortgage advisor to assist you with transactions, pre-approvals from banks, and futures contracts. It is essential to keep in mind that while many people beginn investing in real estate, only a minute percentage of them succeed—the prime factor being insufficient knowledge, capability, and expertise. While the large profits appear to be very appealing to all buyers, the substantial risk associated with the procedure must never be overlooked. Property investment is a straightforward notion that, when properly handled, can be utterly beneficial to all parties involved.

The Verdict

Hemnet Properties is ready to assist anyone interested in investing in the Dubai real estate market in tons of ways. Regardless of what kind of investment you are searching for or how you want to invest, our team is here to assist your property needs. All of this might include anything from finding a suitable property to preparing it for lease – to selling all types of properties. These include mansions and flats for short or long-term rental income. With the acquisition of a property, Hemnet Properties provides one year of complimentary property management.

Hemnet Properties

When it comes to your house, there are numerous things that you have to consider. You have to look for the best feasible price, the briefest period, the client character, the upkeep of the property, and maximum revenues. Begin the process by reading our step-by-step manual on leasing your property and getting ready for a prospective lease.

Price Matters

Before you even choose to rent your property, the most significant issue is to get the maximum potential price in the shortest amount of time. Here is where Hemnet steps in. Their property investment staff works on this daily, and all of this ensures that they are always up-to-date on every available real estate value in your neighborhood. To learn more about the current valuation history, receive professional advice, or even if you have any queries, immediately call them. They will be delighted to help you out!

The Right Agent

When putting your house on the market for renting, there are numerous factors in play. The most crucial part of this process is the agents that aid you in this process. Their renting brokers are all RERA-accredited and specialize in their related disciplines. Not only that, but they are familiar with the local industry and housing prices in your location. The crew is well-versed in being transparent, accountable, honest, and fair, and they go above and beyond to obtain the best possible outcomes. Their expert guidance will leave you satisfied with whatever you decide.

Viewings

For more than just profitable leasing, the initial impression that new buyers receive of your house is fundamental. The brokers will communicate all feedback to help present what clients prefer more. It improves the value of your property by building it more marketable and appealing. In addition to being accommodating with showing timings, they also provide guided viewings, in which the real estate agents chauffeur you around.

Offers

Hemnet Properties will contact you with the entire specifics of an interested renter’s proposal. It may include any specific requirements or demands that may influence your decisionto accept or walk away from the deal. It is the company’s responsibility to deliver updated market details at all times.

Signing Tenancy Contract

If you accept a tenant’s offer, Hemnet Properties will assist you in handling and managing all nooks and crannies of your property. The tenancy agreement covers the process of signing a leasing agreement, collecting payments, and handing over the premises to the renter.

Moving In

To ensure a smooth start to the contract, Hemnet Properties will walk their customer around their new home first and then hand over the keys. And voila, there you have it, an effectively rented unit!

Living In Dubai

Dubai is one of the most appealing destinations to buy property because of its tallest skyscrapers, record-breaking achievements, and ever-present grandeur. It is the world’s most multicultural city, with foreign citizens accounting for around 83 percent of the population. But when it comes to investing in this place, is it worth it? Down below is a compilation of the top reasons for investing in Dubai’s real estate properties.

No Yearly Property Taxes

Dubai has no property or capital gains taxes, making it one of the most exceptional places to invest in the world. Following the acquisition of a property, owners will only have to pay the one-time real estate transfer cost.

Excellent Monetary Rewards

Dubai is the world’s fifth best-performing economy. The Emirate’s government is committed to making it globally competitive by implementing new policies that improve the economic climate and encourage long-term development. Those who invest in Dubai real estate benefit from flexible payment plans suited to their financial situation. The interest rate is 4.5 percent for residents and 5.5 percent for non-residents. Dubai provides unrivaled financial stability with a limitless remittance limit and a highly stable currency. Investors choose this city since it’s rapidly evolving into a reliable investment option, with a simple exit and, in many circumstances, a secured 10-year visa.

Substantial Infrastructure

Due to investors’ unwavering faith in Dubai and its promised infrastructure development, the real estate industry will begin a swift comeback in early 2021. The city’s outstanding infrastructure, according to the government, is one of its greatest assets.

Remarkable Hospitality

Dubai is a fantastic hub for travel enthusiasts, families, and businesses. Thanks to its spectacular and diverse social scene, it offers excellent prospects for hospitality businesses. Hotels and restaurants are great areas to invest in because of the significant demand and market shares.

Low Risk

Some ex-pats investing in real estate believe that doing so in a foreign country is risky. This bbelief is due to the differences in legislation. However, the United Arab Emirates has one of the finest global legislative records for protecting foreign investments, giving legal protection, and defending others’ rights without jeopardizing their property.

An Investment For Multiple Generations

There is a common misconception that ex-pats should only invest for one generation. However, buying a home in the UAE is a wise investment for the coming ages since the laws and regulations safeguard the rights of all generations. As a result, even in the future, investors might gain from owning a property.

The Verdict

As you can see, making property investments in Dubai is nothing short of a steal. If you are looking for a new residence, be sure to check out the options in this city.

How To Buy An Off-Plan Property In Dubai

With the help of Hemnet in-depth guide, you can acquire off-plan real estate in Dubai hassle-free. Learn all the information you need to understand to ensure you purchase an ideal off-plan residence.

Why Should You Get A Property?

Should you purchase an outside property solely for real estate investment, or can this be a place you want to call home? Some off-the-plan projects are better for investors, while others, for consumers. Knowing why you’re purchasing can help mold your decisions and individualize your strategy while investing.

Is The Area To Your Liking?

Searching for your off-plan house can be somewhat intimidating, with several variations available. It is helpful to have a checklist of desirable places and a general notion of the sort of property you want, such as a flat or a mansion. Check out the region you are thinking of buying in to be sure it is a good investment. If you need to sell your property, you should have an exit strategy and a contingency plan in place. Browse the locations of schools, medical facilities, and tourist attractions. It’s crucial to think about housing demand here too.

Do You Know What You Are Buying?

The next stage is to decide the unit you want to buy. Considering these criteria can help you get an idea of which route to take.

• How much does it cost? products such as furniture
• Unit orientation and location within the development
• The views from main living spaces and bedrooms
• Unit orientation and location within the development

What Are The Details Of The Development You Should Consider?

Study and understand everything about the property you are considering purchasing. It is critical to understand both the project you are considering and the master development as a whole. Additionally, know who you are buying the property from by investigating the developer’s past performance, status, and previous work to have solid predictions. Numerous builders nowadays supply mock-up units and a plethora of marketing materials. When considering whether a project is suitable for you, look over the following factors: Car access locations for residents in and out

• How will it appear?
• Are any facilities and amenities present?
• The number of floors and units
• Distance from other buildings. Will this have an impact on the
• structure – and if so, how will it be affected?

Read Your Contract And Budget Your Project

Purchasing an off-the-plan property does not demand complete payment upfront but rather periodic installments connected to the development process. Whenever you sign your agreement, take the time to understand what you agree to. Take expert counsel from agents at Hemnet Properties and go over everything to buy a decent enough property.

With Hemnet Properties

Hemnet Properties is here to ensure that you find yourself the most suitable home. Their team has years of expertise to make the whole journey a pleasant one.

Finding A Location

Before looking for potential properties, it’s essential to keep your finances in check. This preparedness allows you to set a realistic budget that determines the homes you can check out. Keeping the preferred area in mind, look at the features of any eye-catching house you come across. These characteristics may include the number of rooms, furnishings, property size, attractive views, etc. If you are looking online, you can effortlessly list down all the possible residences. However, one should be mentally prepared to make compromises on the listings.

Meeting Our Specialists

We’ll pair you up with the most qualified agent in the areas you’re searching. Once the representative has a solid understanding of your needs concerning renting a house, it’s time to get out there and look at various options. Even though many rental homes have advertisements on property portals, it is always advisable to register through Hemnet Properties. When we have your contact information, you will receive alerts whenever a suitable property becomes vacant.

Viewing

In certain areas, the letting industry moves at a breakneck pace. Properties are rentable within hours of being listed on the market. Our representatives are highly adaptable when it comes to scheduling. They will schedule viewing dates as soon as possible and accompany you to the property to address any potential questions or concerns. While going to see a property, keep in mind that you are also under observation. It is necessary to determine if you are a good renter for the owner.

Securing The Chosen Property

Once you’ve chosen a rental home, we’ll submit the proposal to the landlord along with your references. You will be required to pay a deposit to hold the property after the rent terms and conditions reach a definitive agreement. It is typically 5% of the annual rent and is a requirement for the lease’s period. Hemnet Properties would gather all required papers. Following that, we’ll create a rental contract.

Registering At EJARI's Online System

After signing the rental papers and making the payment to the landlord, the tenant receives the keys. The renter must next register the lease with EJARI and link with DEWA (Dubai Electricity and Water Authority) at one of their district departments. You should also call the building administration to inform them of your new registration. Before enabling you to move in, they may want some information. We provide assistance and guidance with removals, furnishings, EJARI registrations, DEWA set-up, and monetary transactions before and after finalizing contracts.

Moving In

A detailed inventory of the property’s condition and contents agreed upon by the landowner and renter is highly beneficial, even though it is not a contractual necessity. It is a requirement to avoid any future misunderstandings or potential conflicts. For everyone concerned, this entire process is both intriguing and demanding. It is preferable to be aware of the situation and respond appropriately. Finally, keep in mind that the house will only be your home once you have moved in. We believe in tending to our renters and providing the best possible attention and assistance.

The Verdict

Regardless of the house you are looking to rent, Hemnet Properties assists its clients every step of the way. It is because we help people from all over the globe, making our services consistently dependable. If you are looking to rent a new place, be sure to get in touch with us.

Through Hemnet Properties

Are you one of the people who have a hard time putting their properties at the forefront? Fortunately, Hemnet Properties effortlessly comes to the rescue. We make your properties visible in the market, amplifying the chances of a sale. We give a free, no-obligation appraisal of your property. At no additional expense to the owner, we can provide complete coverage both online and in person.

Property Specialists

Our community consultant will call you first to discuss marketing tactics and determine a suitable price for your house. We concentrate solely on customer activities in each location of Dubai. Each broker at Hemnet Properties is RERA certified. They are experts in the region they serve and can provide you with the best recommendations for selling your home.

Strategies For Marketing

Getting on to marketing, an advertising photographer would photograph your residence. These high-resolution photos would advertise the home extensively, including on our many external property sites and social media. We recommend promoting with a maximum of three RERA- registered agencies. There is also an option of going exclusive to prevent any extra stress and increase your chances of selling.

First Impression

Make sure your property is clean, bright, and easy to see. Showing flexibility with your scheduling could also make a good impression. Take a minute to look at your house through the eyes of a buyer. It is necessary as the first impression you make will directly affect the value of the residence. Your home needs professional promotion and display since higher quality leads mean more attractive offers.

Managing Offers

Every offer received would be notified to you by your specialized representative. In the follow- up, there will be a series of discussions in which we will strive for you to get the best attainable rate. At the same time, Hemnet Properties also does its utmost to satisfy all the parties involved.

Coming To An Agreement

Once all the concerned parties are in agreement, there are property contracts to sign. The seller and purchaser will sign a Memorandum of Understanding/ Form F with the real estate manager.Furthermore, the buyer will pay a 10% deposit fee, which Hemnet Properties will hold on behalf of the owner until the transfer date.

Date Of Transfer

Finally, all parties’ purchasers, sellers, financiers, and representatives gather in a RERA-approved transfer office in Dubai. It is where the transfer of ownership documents from one side to the other will undergo completion.

The Verdict

Hemnet Properties goes the extra mile to make sure you get your money’s worth. We’ll accompany you to the property to share our knowledge, provide a different perspective, and assist you in making the best possible decision. We are confident in our team & diversified technical skills and amount of experience. So make sure you reach out to Hemnet and tackle any potential problem while selling your house.