Frequently Asked Questions
Questions about buying & selling
Dubai real estate is governed by RERA ,the Real Estate Regulatory Authority. RERA ensure that all active brokers in Dubai are licensed by a legitimate company and a qualified broker will be issued with a RERA broker card. A broker will act for either the seller or the buyer but in some cases will act for both parties.
To purchase a property in Jumeirah Golf Estates you may need a loan from the bank which is common. If you have a credit history of at least 6 months the Banks will be open to arranging finance. It takes about two weeks to obtain pre approval which should ideally be done before the offer is made. Once an offer is made the banks will then be more formal and arrange the loan .This process takes around 6 weeks on average but depending on circumstances some bank can expedite the timescales.
For mortgage advice see our mortgage page here.
There are a number of schools in the JGE catchment area catering for differing age groups. Our school guide can be downloaded at www.edwardsandtowers.com for more indepth information.
Question about renting
Dubai real estate brokers often specialise in either sales and rent. A good rental broker will search the market for you and present everything available in the area. Once you have found your dream home the agent will deal with deposits and rental contracts.
Rental deposits are generally 5% for an unfurnished property and 10% for a furnished unit. JGE villas for rent that are furnished often have a higher deposit demand form the landlord to reduce risk on expensive furniture.
It is wise to either get the landlord or personally take out a maintenance contract on your rental. Expensive items such as pumps and heaters can be costly and a good landlord will have a maintenance contract in place to deal with any potential problems. If the property is managed by an agent the agent will usually coordinate these issues and charge the landlord.
There many good maintenance companies in jumeirah golf estates and we can help recommend a suitable company.