Useful Tips for Smart Property Selling/Buying in UAE
Making certain decisions especially those that require large sums of money is critical most of the times. In UAE, the Real Estate Regulatory Agency (RERA) was established to be the helping hand and guidance to individuals and companies who are willing to go on buying or renting a property in UAE.
Establishment of RERA
RERA is a subsidiary of Dubai Land Resources Department. This government authority has its full financial and administrative independence with full legal authority to regulate the real estate sector in Dubai. This agency regulates the relationship between the property managements and individuals and allows each of them to have the sufficient knowledge they need to know about their residential property in Dubai.
Under RERA’s supervision, there are property consultants in Dubai/UAE who will help the consumers to make the right decisions regarding their property for sale in Dubai/UAE. Moreover, with the fluctuating prices of properties in UAE; the property consultants are needed to give the consumers the best advice and guidance on when and where to buy and sell properties in UAE.
Expertise of Property Consultants
Basically, property consultants’ advice customers on things related to market conditions, prices, mortgages, legal requirements and related matters. They also act as an intermediary in negotiations between buyers and sellers, generally representing one or the other. If the customer is not certain, then the property consultant will create a list of properties that suit the buyers’ needs and financial resources. For customers with rental properties in UAE, then property consultants will help them find people who are willing to rent an apartment or other.
Get Etisalat Yellowpages UAE’s stories in your inbox
Join Medium for free to get updates from this writer.
On the other hand, property consultants are more confident and specialized in dealing with official authorities in the country such as RERA, Electricity and water authority, banks and mortgages companies if needed. On the long run, customers will be comfortable that if any problem arouse with their residential property in Dubai/UAE, it will instantly be solved with their property consultants.
Important Tips
As a property owner in UAE, there is a set of rental laws that should be known by landlords and tenants, they include:
1) The Landlord will be responsible for the Real Property maintenance works and for repairing any defect or damage that may affect the Tenant’s intended use
2) Unless otherwise agreed, the Rent will cover use of the Real Property amenities such as swimming pools, playgrounds, gymnasiums, health clubs, car parks, and other amenities.
3) Unless otherwise agreed by the parties to the Tenancy Contract, the Tenant may not assign the use of or sub-lease the Real Property to third parties unless written consent of the Landlord is obtained.
To know more about properties and property consultants in UAE, visit Etisalat Yellow Pages for contact details and further clarifications.
