As one of the fastest-growing real estate companies in the UAE, we have sophisticated residential brokers specializing in all of Dubai’s localities. Additionally, Mi Casa has experts in the technical fields of commercial building sales, plots sales and land developments, consolidations, conveyancing, joint ventures, and complex transfers. If you choose to engage with Mi Casa, we can guarantee that you will receive the finest customer-focused, transparent and productive real estate services.
We are Dubai’s leading real estate experts with a multitude of experience, providing exceptional customer service and comprehensive property management services.
Our vision is to build the world’s most trusted and established real estate brokerage brand.
WHO WILL PAY THE REGISTRATION DEED FOR THE TITLE DEED?
The registration fee for the title deed shall be shared by the buyer and the seller by the law by 2%, but it is technically paid by the buyer today. The standard fee is 4%, which is negotiated by both parties.
DO I NEED TO CONDUCT A PROPERTY CHECK?
You are advised to conduct a property check if the property is ready. However, for a freehold property, if the property is new, the contractor will give a guarantee on the property structure. The warranty period for the property structure is 10 years, and the parts warranty period for the property configuration is 1 year. The owner then ensures that he/she has a preventive maintenance contract for the property.
HOW DO I APPLY FOR A MORTGAGE?
Many mortgage-providing institutions offer a choice of “pre-approved financing,” which allows you to get approval before you choose to buy a Dubai property. This will speed up the entire loan process and meet the requirements of sellers who need financing before agreeing to sign a sale and purchase agreement. The pre-trial validity period for most banks is usually 30 days.
IS IT POSSIBLE TO SELL MY PROPERTY IF I HAVE A MORTGAGE?
If you have a mortgage, you can resell it. Mortgage loans must be paid off to be approved by the bank (or by the other party to pay off for you, under the supervision of the Dubai Land Department). Terms and conditions will vary according to the bank.
WHAT IS RERA?
RERA – The Real Estate Regulatory Authority of the Dubai Government Land Department, licenses real estate agents, brokers, and developers and oversees all real estate activities in Dubai.
DO I NEED TO PAY TAXES?
In addition to the registration fee paid to the Dubai Land Department, there is also a fee for the broker. The property fee is stipulated by the owners' association (generally contains fees for building maintenance services). If the owner rents out the house, there is no need to pay any taxes. There is no VAT to sell the house, and there is no tax for investing in multiple houses.