Buying and Selling Property

You signed the SPA. You paid the booking amount. Then life happened, and the installments stopped. Now the question arises, “What happens if a property buyer stops paying installments to the developer?  You may lose some or all of your investment, and it depends on the development stage of the project. Why? Because once you sign a Sales and Purchase Agreement (SPA), you are legally bound to...

Thinking about selling your property in Dubai and want to know “how long does it take to sell property?” You are not alone. Every property owner has one question in mind, which is how long it takes to sell property in Dubai. Knowing this helps in making new investment plans, setting realistic expectations, managing personal logistics, or creating marketing strategies. The timeline of selling a...

People selling their properties in Dubai think about the taxes applicable to the sale of property in Dubai. The good news is that there are no yearly or monthly Taxes on selling properties in Dubai.  However, there are some fees involved in selling your property in Dubai, which aren’t taxes but are still expenses you must consider. Here at Lex Estates, we provide a complete walk-through guide...

The typical commission for brokers in Dubai is 2% for property sales and 5% for annual property leases. For commercial properties, it can go from 2% to 4% for sales and 10% for commercial rentals.  The broker’s commission in Dubai may be paid by the tenant, buyer, seller, or developer depending on the transaction type and what is agreed at the start of the deal.When trying to sell, market, or...

Form A is an agreement between the property owner and the licensed real estate broker for property transactions, and it contains all the important details, including property information, broker commission, marketing rights, and contract duration.  To list or sell a property in Dubai, you must have Form A to ensure the broker is officially authorized to act on your behalf. As a property owner,...

Selling property in Dubai is more than just listing the property, generating inquiries, connecting with the buyer, and being done. It’s exciting but difficult at the same time. If you don’t understand the selling costs incurred by the owner in Dubai, you may face reduced profit, legal issues, unexpected fees, delays in the ownership transfer, and even penalties.  The costs of selling property...

Off-plan properties account for around 50% of yearly property sales in Dubai due to low upfront payment, which makes it easier to own a property. The demand for off-plan property increased significantly, showing how profitable and in demand this property category is.  However, re-selling off-plan property is different from selling a ready-made home or property, as the buyer can’t take a tour of...

If you have a ready property in Dubai and want to sell it, knowing the important factors is the key to the highest profit appreciation on your property. The simplest and safest way is to find a real estate agent and partner up with him through the process. At Lex Estates, we help our valuable clients from listing their property units to the final sale.  We also help you understand how to sell your...

If you know the types of property in Dubai, you can make the right buying decision based on your budget and end goals. At Lex Estates, we deal with many clients who are first-time investors and have no clue what types of property in Dubai are available and where they should invest. Some need to buy a property for investment, while others want to explore residential opportunities to...

The Property transfer time in Dubai has become remarkably efficient, as the Dubai Land Department (DLD) ranks among the top globally for fast and accurate property registration. Director General of DLD explains that “submitting the required documents through their system can allow ownership transfers in as little as 30 minutes”. Is that true? Yes, but only if you have all documents ready at the...