About the property
FULLY FITTED OFFICE IN SHEIKH ZAYID ROAD IN ONE OF THE ICONIC BUILDING
PRIME LOCATION
WELL MAINTAINED BUILDING. .
ALL UTILITIES INCLUDED
EASY ACCESS TO ALL PRIME LOCATION. . . .
SIZE-2000 SQFT
RENT- 180/ SQFT.
SECURITY DEPOSIT- 10%
COMMISSION- 10%
LONG TERM CONTRACT IS AVAILABLE 3-5 YEAR
FOR MORE DETAILS AND VIEWING PLS CONTACT[redacted phone number]
KORAN RealEstate Broker (KREB) is an international group of PropertyBrokers established 1980’s with a vision of gain and built a strong trustingrelationship with our customers to understand their requirements and deliverthe best services with competitive prices to exceed their client's expectation.
We wish to render top class services toour clients and expect the same from all partner firms. This one-of-a-kindservice will keep us hooked for good! We wish to be distinguished on the valuesof competence, exclusivity, and passion.
KREB can deliver luxury residential,commercial and leisure properties across the region, in the UAE
KREB, as a real estate broker,strives to provide top class services, dream homes and unique living conceptsto customers from all over the world.
KREB team is highly experiencedmanagement team of senior managers with significant experience in the realestate. Advising investors on properties offeringthe best investment returns.
GENERAL INFORMATION
Owner Guide to Lease property in U. A. E
Leasingyour home can be a great way to generate extra income while Holding theownership of the property. Here are 7 things to consider before you rent itout.
1. ValuationBefore Leasing your propertyyou will need to get a marketing valuation from a local property expert toguide you on what your property is likely to rent for.
2. Hirea Property Management TeamConsider giving your house toa Property Management team, especially if you own multiple properties or do soremotely. You can grant the property supervisor the power of attorney to dealwith payment collections,arranging repair and maintenance and also renewal of your property on yourbehalf so you can have a total peace of mind.
3. Choose your brokerNext, you will have to choosea broker to list the property with Professional photography, online presenceand an active brokerage network are important to give your property the bestexposure and attract tenants. You should also look for a broker with a widereach as a good brokerage will bring tenants from far and wide to your door.
4. BeexclusiveList your propertyexclusively with one agent. Exclusive listings give the broker the confidenceand security to invest more time and money into marketing your property whichwill help you get the best result.
5. Signa form with AgentIn order for your broker tolist the property, all registered owners will need to sign a listing form,a document giving them permission to market your property. In order for yourbroker to complete their due diligence, they will also ask you for a copy ofthe title deeds and your ID.
6. Makethe property PhotogenicYou never get a second chanceto make a first impression. Your broker should advise you on steps to be takento make your property look its best for the photo shoot and for viewings. Afresh lick of paint is very effective ways to make a property more appealing totenants and don’t forget the garden and front of the property to maximize thecurb appeal.
7. Stayup to dateOnce your property is listedyou should be able to see it on the various property portals and your broker'swebsite and viewings should begin straight away with tenants that the brokerhas on their books. Your broker should keep you updated about the marketingstrategy .
TenantGuide
Renting ahouse in the UAE can be intimidating, especially when you are new to theEmirates, but it doesn’t need to be. Follow our simple step by step guide torenting a property and have a stress free experience finding your new home.
1. Set a budget - Whether you are afirst-time renter or you are looking to move up from your apartment to a villa,budgeting for your dream house is important. You should make sure that you arecomfortable with your rent and do not exceed what you can afford. Make sure youhave factored in monthly running costs such as DEWA and other utilities, and beaware of all upfront costs associated with the move such as deposit, upfrontrent, DEWA connection, removals and commissions.
2. Meetour experts - Working with a real estate broker will help youfind your home in a competitive market and negotiate the terms of the leasewith your landlord. A good broker will keep you up to date with new andupcoming listings and will be able to suggest alternative options that matchyour requirements. It is essential that your broker is knowledgeable on theareas you are looking and is fully qualified. All viewings should be accompanied by your brokerand you should note down any maintenance issues that you see so that yourbroker can arrange for repairs before you move in.
3. Secure the property - Once you have found a property that you love youare ready to make an offer. At the point of offer, you will be asked to provideyour Emirates ID and visa and write three cheques for the deposit, the firstrental payment and your broker's commission. Once all aspects of the lease have been agreedyour broker will draw up an agreement on the Unified Ejari Contract. Make sureeverything that has been agreed with the landlord is added to the contractotherwise those points are not enforceable. Once all parties have signed and cheques havecleared you will receive your keys and you are ready to move in.
4. Register your Ejari - After singing the tenancy agreement, you mustregister the tenancy with Ejari. It is normal practice for the tenant to dothis but if your property is managed by Our Real Estate Agency our PropertyManagement Team will do this for you. In order to register Ejari, you will need a copyof your tenancy contract, a copy of your landlords' ID, a copy of the titledeed which your broker will provide to you.
5. Connect your DEWA - Your DEWA (Dubai Electricity and Water Authority)connection is now linked to the Ejari system so you will not be able to set upDEWA until your Ejari is registered, but you can easily register DEWA at the AlManara Centre at the same time as your Ejari and your connection should beestablished within 24 hours.
You will be required to pay a refundable security deposit of AED 2000 for anapartment and AED 4000 for a villa respectively. Ensure you have collected the receipt after paying toclaim the refund at the end of your tenancy.
Buyers guideto while buying a new property
The processof buying a property differs depending on where you are in the world. Ourbuyer’s guide will help you familiarise yourself with the process so yourpurchase will go as smoothly as possible.
1 . Seta budget - The most important thing todo when you start looking for a property to buy the first step is get yourbudget set.
2. Get amortgage if required - If you want a mortgage thenyou need to speak to a mortgage advisor and have them arrange Pre-Approval foryou from the bank which tells you how much you can spend.
3. Finda qualified broker - Once you’ve set your budgetfind a qualified broker that you trust and get to work finding your idealhome or investment property. You will sign a Form B contract with yourbroker to represent you in the upcoming negotiations.
4. Makean offer - Once you’ve found a propertyyou love and are ready to make an offer move quickly. Being ready to movequickly will put you in a stronger negotiating position so have your mortgagepre-approval ready and the 10% deposit you will need to secure the unit.
5. Paythe deposit - Once both parties are agreedon price, they will enter in to a legally binding agreement called an MOU(Memorandum of - Understanding), referred to by as a Form F. This will bedone via the Dubai Brokers App and at this stage you will be asked to produce acurrent dated cheque in the name of the seller as a 10% deposit and a PDC inthe name of the brokers company for the commission. The MOU should include ALLelements of the contract you are entering into such as paid rent or servicecharges and the length of time allowed until transfer.
6. Hirea Attorney - In most cases you will engagethe services of a professional lawyer to assist with the sales process. Goodlawyer will hold your hand every step of the way.
7. Getthe NOC Prior to the purchase theseller will need to obtain an NOC from the developer who built the propertywhich will ensure the property is free from any outstanding service charges.
8. "Block" the property - If there is a mortgage on theproperty you are buying you will go through “blocking”. The seller will obtaina liability letter from their bank and you will come to the DLD to “block” theproperty with four cheques – one in the name of the seller’s bank for theoutstanding mortgage, one in the name of the seller for the remainder of thepurchase price , one in the name of the DLD for the transfer fees of 4% andlast manager cheque in the name of the agency.
9. Transfer the property - It's transfer day! You willmeet down at the transfer office with your broker, conveyancer and the seller. Property purchases can only be made in cash or by managers cheques so chancesare you will have your managers cheques ready. Remember you will also need acheque for 4% of the value of the property for the DLD transfer fees and cashfor the DLD office as administration fees. Once the transfer is complete thesale is registered with the DLD and you will receive your new Title Deed andall keys/access cards to your property.
10. Youare now a homeowner!Congratulations. You are nowa homeowner! You will need to make sure all utilities are registered under yourname. You better start planning the housewarming party.
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Posted on 9 January (3 years ago)
ID 96100
We determine the features of the real estate of your dreams
