Housing fee to cover all of Dubai

15.01.2015
All expat tenants are now charged five per cent of the rent of their housing units and owners of freehold residential properties are charged five per cent of the rental value of their property. All expat occupants of rented and freehold residential properties in Dubai are now being charged housing fees, with the system of levying civic charges through utility bills covering all areas in the emirate from 2014 end. Khaleej Times reported that this is as per the rental index of their areas issued by the Real Estate Regulatory Agency (Rera). It has been four years since the Dubai Municipality started collecting housing fee for all general civic services it is providing through utility bills from the Dubai Electricity and Water Authority (Dewa). “We have covered all residential areas in Dubai now. It was done by the end of 2014,” the head of marketing and housing fees unit in DM’s Finance Department, Abdulla Hashim AbdulGhafoor said. “But still a few accounts here and there are not reflecting in the system. So every month Dewa is checking the system and including the units that are missed,” he said, estimating a billing error of one or two in every 1,000 housing units billed.

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Lease process (Rent out)

1 hour

Contract of the lessee and agency.

Required documents:

  • copy of the passport
  • copy of the certificate of ownership

1 day

Ad placement:

  • 20 real estate portals;
  • client base of the agency;
  • profile exhibitions, etc.

Up to 2 days

Signing of the lease agreement

Expenses of the seller:

None

Additional services:

Property management

Lease process (Rent)

1 hour

Contract of the lessee and agency.

Up to 5 days

Real estate search.

Selection of optimal options.

Up to 2 days

Signing of the lease agreement

Expenses of the lessee:

-5% agency commission of the annual contract price

Additional services:

None

Purchase process

1 hour

Contract of the tenant and agency.

~ 2 weeks secondary

~ 3 weeks new building

Property Selection

Selection of optimal options

1 Week

Registration of the contract of purchase / sale

Customer charges:

  • 2% from purchase at transaction
  • 4% - registration of the transaction at registration

Additional services:

Property management

Sales Process

1 hour

Contract of the lessee and agency.

Required documents:

  • copy of the passport
  • copy of the certificate of ownership

1 day

Ad placement:

  • 20 real estate portals;
  • client base of the agency;
  • profile exhibitions, etc.

Up to 2 days

Signing of the lease agreement

Expenses of the seller:

None

Additional services:

None

the management process

1 hour

Contract of the owner and agency

1 year

Rendering of management services

1 day

Reporting

Expenses of the owner:

5% of the annual rental price

Additional services:

None

Investment Process

1 hour

Contract of the tenant and agency.

From 3 days

Selection of optimal investment options

1 Week

Registration of the contract of purchase / sale

Expenses of the investor:

  • 2% when investing in the secondary market
  • 0% when investing in a new building
  • 4% - registration

Additional services:

Property management