Property Handover in UAE
Kelt & Co Realty experts believe in conducting thorough inspections, managing paperwork, and ensuring every requirement is met before taking possession of the property. We handle everything very carefully to make the property handover process hassle-free. Now, move to your property with confidence.
Kelt & Co Realty offers Property Handover service, representing and attending the handover meeting on your behalf, which can save you precious time and effort. This service is beneficial for our overseas clients who are not present or can not travel at the time of handover and for the clients who trust us as professionals and leave the handover process to us.
Our firm belief is to provide our clients with a hassle-free property handover service quickly and efficiently, allowing us to save their time and the stress of the procedure. We also assist with preparing legalised Power of Attorney because the developer or seller requires it. In short, we will cover every aspect of the property handover process while our client does not have to be present.
Our Property Handover services includes:
- Checking and preparing the utility connections and owner’s documents as proof of the handover.
- The inspection is done before finalising the handover process and accepting the keys from the developer or seller.We advise you to perform an snagging inspection before the handover process is completed to identify any construction defects and damages that may raise investment risks and endanger your life.
- Collection of documentation and handover paperwork, including handover acknowledgment, homeowner manuals, appliance warranties, if any, building rules and regulations, keys and access cards, inventory, etc
Services
After the property handover process is completed, we provide more services which our client may need. This includes:
Property Management
We provide property management services to our clients which consists of services such as Real estate evaluation, setting rental price, repairs, marketing services, tenant screening, payment management, legal matters, and payments management.
Utility Connections and Payments
With our professional support, you can avoid the stress of figuring out how to connect, where to pay, how to pay, and other crucial processes when registering for services related to your home.
Snagging Inspection
Snagging is a detailed pre-handover inspection to identify major or minor construction defects and damages that may cause risks or endanger your life and investments.
Rental Finance Management
Kelt & Co Realty provides a full-range rental finance management service for landlords who don’t have a bank account in the UAE. With our help, you don’t need to worry about bounced cheques or issues regarding international bank transfers.
Legal Matters
Our team of legal professionals will help you regarding any legal or administrative matter. They will provide services such as drafting contracts, appearing in all courts, etc.
Property Insurance
Property insurance is one of the first things worth considering, as it provides both liability coverage and property protection coverage against the contents of your property.
Repairs and Cleaning
Kelt & Co Realty offers repairs and cleaning services for cases when the property requires maintenance, which is chargeable to landlords. We will control the quality of the service without causing inconvenience to landlords or tenants. Maintenance works that we provide include plumbing, painting, electrical, and handyman repairs. All landlords will be notified of any expenses for your approval before work begins.
Move-In and Move-Out Inspection
Move-in/out inspections are essential as they register defects before a tenant occupies the property and assess the home’s condition at the end of the lease. As a result, the report will be required to justify any deductions from the tenant’s security deposit. Our specialists will both provide and complete the report and arrange for the tenant to sign an acceptance of the property’s condition upon moving in. The report also features an inventory list for kitchen appliances or furniture items (if applicable).
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FAQ's
Most frequent questions and answers
The UAE’s real estate sector contributes around 5.5% of the GDP of the country, and it has been on the rise since 2022 as both rental rates and home prices have increased. Dubai’s transaction volume reached its highest level for the first quarter ever observed in the area in the first quarter of 2022.
In Dubai, investors can choose between villas, apartments, townhouses, penthouses, duplexes, and plots and lands.
In Dubai, there are specific zones where foreigners can purchase real estate. These locations, such as the Palm Jumeirah, Downtown Dubai, Dubai Marina, Arabian Ranches, and Jumeirah Beach Residence, are decided upon by the Ruler of the Emirate of Dubai.
Real estate purchases in Dubai may result in the buyer receiving a residence permit. The property must be finished at the time of purchase and worth at least AED 1 million to qualify for the UAE investor visa program. Dependents may also be sponsored by real estate purchase residence visa holders.
The real estate industry in the UAE is anticipated to increase by 2.97% between 2023 and 2028, reaching a market volume of US$0.80 trillion by that year. The important characteristic that makes the UAE a desirable location for real estate investment is what is driving this expansion.
Here are some tips to invest in UAE real estate:
- Know About Different Property Types and Their Worth
- Research the Market Status and Risks
- Property Investment in Dubai
- Don’t Sacrifice Location
- Choose Areas with High Rents and Demand
- Spend Time in the Area
- Luxury Property Buyers Should Have Financial Resources
- Investing in Residential Properties Offers Shortcuts for Legal Residency
- Seek Expert Advice When Investing in Dubai Real Estate
Yes, foreigners are permitted to purchase real estate in the UAE. There are, however, certain geographical limitations. Citizens of the UAE or the Gulf Cooperation Council (GCC) may buy real estate anywhere in Dubai.
There is no taxation on owning properties in Dubai.
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