FAQ
FAQ
Frequently Asked Questions
Am I Ready to Be a Homeowner?
Owning a home is more than just a dream — it’s a commitment. Ask yourself: Do I have a stable income? Can I afford the down payment and monthly costs? Am I ready to settle in one place for a few years? If the answer is yes, you may be more ready than you think.
Is Renting or Buying Better?
Renting is ideal if you want flexibility and lower upfront costs. Buying builds long-term equity and gives you full ownership. If you’re planning to stay in Dubai for 5+ years, buying may be better. For short stays, renting is more practical.
What Is the Lender's Formula?
Banks in Dubai usually lend up to 80% of the property value to residents (50% for non-residents). They also check your Debt-to-Income ratio – your monthly loan payments shouldn’t exceed 50% of your monthly income.
What Do I Look for in Homes?
Check the location, building age, amenities, parking, service charges, and proximity to schools or metro. In Dubai, also consider the freehold vs leasehold status and the developer’s reputation.
Do I Need a Home Warranty?
New properties in Dubai often come with a developer warranty (1 year for defects, 10 years for structure). Older homes may need inspection. While not mandatory, a warranty gives peace of mind for repairs.
What Should I Expect at Closing?
Closing is the final step before you get the keys. It includes signing all necessary documents, paying final costs, and legally transferring ownership. Expect to review your mortgage details, settle any dues, and walk away as a proud new homeowner.
What Is Pre-approval?
A pre-approval is a letter from a bank confirming how much mortgage you can afford. It’s the first step before house hunting in Dubai and helps you negotiate better by showing sellers you’re serious and financially ready.
Am I Ready to Rent?
You’re ready to rent if you have your documents in order (Emirates ID, passport, visa), a stable income, and are aware of upfront costs like 1-year rent cheques, security deposit, and agency fee (usually 5%).
What Should I Offer?
For buying: You can negotiate 3–10% lower than the asking price depending on market trends.
For renting: You may offer fewer cheques (1 or 2 instead of 4) to get a better rate. A good agent can guide your offer strategy.
Can I Ask You for Advice?
Absolutely! Our team is here to guide you through every step — whether you’re buying, renting, or just exploring. Just message us or click the WhatsApp button and let’s talk.
- +971 56 861 0667
Let's Find You Together The Place You Deserve
From firt step to final key —- we are with you at every step.