Frequently Asked Questions (FAQs)
Want to learn more about MNS Estates? Real Estate practices in UAE? How we handle our clientele?
Or make reliable decisions for you? The Answers to these and more can be found below.
Can you legally buy properties in Dubai?
Is it possible for foreigners to buy houses in Dubai?
Who owns MNS Estates?
Is MNS Estates offering freehold properties?
- One JBR, an opulent residential tower in Jumeirah Beach Residence
- Residential towers in the Business Bay (Business Heart of Dubai)
- Lavish residential projects on the Dubai Creek Harbor such as Manazel Al Khor & Dubai Wharf
Sensual residential communities in Dubailand for mixed-use
How can I buy property through MNS Estates?
The three integral steps to purchasing property in Dubai?
- Establishment of buyer-seller agreement
If you have found a property that you want to invest in, you require a real estate agent. The real estate agent helps you communicate, negotiate and lay out the terms of sale with the owner.
2. Seal the deal by signing a sale agreement
Once your agent & you have finalized the specifics, all you need to do is sign a Memorandum of Understanding (MoU), also termed as a ‘sales agreement’. In Dubai, it is standard practice for the buyer to deposit 10% of the property value to the seller.
3. Application for NOC
The transfer of ownership requires the application and payment for a No Objection Certificate from the developer of the unit you have purchased. This will ensure ownership transfer. For the developer to provide an NOC, all outstanding service charge payments need to be cleared.
How much time do I need to buy a new property in Dubai?
VAT implications on rentals in Dubai?
Getting a residency visa in Dubai by buying a house?
However, the current property visa is a two-year renewable property investor visa issued by the Dubai Land Department for a freehold property valued at Dh1 million or more on the title deed.
Is it possible to buy properties in Dubai via instalments?
- Passport & visa copy of the buyer
- A copy of your Emirates ID
- Evidence of steady income (salary slips,etc)
- Three to six months of bank account statements
- MoU for the sale of property
- A passport copy of the seller
- Developer’s NOC
- Proof of current address (Ejari & Dewa bill)
- Title deed of the property to be purchased