Here at sherazproperties, our community brokers are experts at finding great tenants. Once we have found you a tenant, the rental process is very quick. Once your property has become available, you should ensure that the tenant has a move-in permit from the master developer and that you have paid any outstanding service charges on the property.

To sell your property, you should have the following documents ready:

1. The original title deed of the property from the Dubai Land Department (DLD).

2. Your passport and proof of address

3. Any documents and receipts relating to the original sale and current state of the property.

4. No Objection Certificate (NOC) from the developer to confirm that the property is free from any liabilities.

5. A signed seller’s agreement, also known as Form A, when selling the property through a real estate agency.

6. (If rented) A copy of the tenancy contract if the property is rented.

7. (If owned by a company) All relevant company documents.

Having sold over 30,000 homes, we’re experts at finding you a buyer quickly and for the best possible price. Once we have found you a buyer, the sales process will typically take between 30-60 days. A cash transaction will be faster, sometimes happening in as little as 2 weeks, with a mortgage based transaction taking a bit longer.

Contact Sheraz Properties to get a free valuation of your property. Our experienced team of local brokers will take into account comparable market data and relevant market trends to ensure we maximize the value of your home.

You do not need to have a lawyer when selling your property, but it is highly advisable to use an independent conveyancer to ensure a safe and complete transfer of the property. A conveyancer will prepare, clarify and review all legal documents, calculate any fees and taxes and ensure that you safely receive the proceeds of the sale. Sheraz Properties works exclusively with Clarity, a team of expert conveyancers who can assist you with every stage of your sale.

Having a tenant does not prevent you from selling your property. We regularly sell tenanted properties, with many investors happy to buy them. When you sell your property, the name of the landlord on the tenancy agreement will be changed from you to the buyer. The new property owner will inherit the terms of the rental agreement. They will then have the option to serve the tenant with a 12-month eviction notice should they wish to occupy the property themselves.

On average, a property transaction in Dubai takes around 30-60 days. Use a trusted conveyancer like Clarity to ensure a swift and efficient property transfer.

A reputable broker can talk you through the things you should know before renting your property. But, it’s a good idea to have an idea of the general steps involved. These are:

1. Getting a property valuation – get a free, evidence-based valuation from a broker.

2. Finding a good tenant – use a reputable broker to ensure tenants are adequately screened.

3. Signing a tenancy contract – protect both your rights as a landlord and those of the tenant.

4. Clearing all service charges – any outstanding service charges could prevent a tenant from moving in.

5. Getting your property insured – cover yourself from all the potential risks from leasing.

6. Hiring a property manager – consider involving a rental management company. Sheraz Properties are here to make your life easier by guiding you through every step of the process.

You should check this with your mortgage provider. Some providers will allow you to rent out your property at the same rate and terms as before. Others will charge you a fee, ask you to wait a certain length of time, or require you to refinance.

The ROI of rental properties varies significantly based on many factors, such as size, location and current market conditions. But, many real estate experts agree that a good ROI is usually around 5-7%. Speak to one of our Area Specialists to understand current market conditions and how you could maximise your ROI.

A landlord can only increase the rent at the point of tenancy renewal in line with the RERA Rental Calculator. A landlord can raise the rent by:

• 5% if the annual rent is 11-20% less than the average rent for comparable properties.

• 10% if the annual rent is 21-30% less than the average rent of comparable properties.

• 15% if the annual rent is 31-40% lower than the average rent of comparable properties.

• 20% if the annual rent is more than 40% lower than the average rent of comparable properties Importantly, any increase in rent at renewal must be communicated to the tenant at least 90 days before the end of the tenancy to be valid.

To get the required utilities connected to the property, the tenant will need a valid residence visa. As a landlord, you will also be unable to register the lease and protect your legal rights without it. An individual without a residence visa could consider a short-term rental until they obtain their residence visa. Sheraz Properties is here to help with amazing short-term rental options.