Frequently Asked Questions

Housing Haven is a Real Estate Brokerage Firm that came to life in December 2020. The company is managed by talented personnel’s who have demonstrated outstanding business management skills previously in consulting firms, giving the experience and exposure needed to help you choose the right HOME. Our goal is to make your dream come true, through Housing Haven Real Estate. 

Housing Haven is about customer satisfaction. We’ve experts that are tailored in meeting the desires of the most dynamic and disturbing property necessities of people, groups and buyers. We’ve earned our reputation with the aid of forming tailor-made answers that reduce the risk and maximize value for each single investor. This is our ultimate goal and we favor to continually be one step ahead in UAE’s competitive marketplace.

Brokerage is the act of acting as a broker in a business. In real estate, it can be a single person or a group of people who work with buyers and sellers to earn a brokerage, when a deal is completed in the Land Department. Brokers aid buyers and sellers in making decisions about buying, selling, and leasing their properties depending on market performance. Advisory means giving counsel or an opinion but not taking action.

Dubai’s real estate market is an international market that is always in demand in terms of return on investment; however, Dubai Land Department is a legal accountable authority to protect your investment in Dubai’s Real Estate Regulation.

We make sure our consultants are a mix of nationalities so they can adapt to our customers’ cultural and language needs. They also go through a rigorous training program that ensures continuous learning throughout their time with Housing Haven, as well as a laser-like focus on brand integrity to meet the industry’s best practices for our local and international clients in buying, selling or leasing.

Purchasing commercial real estate requires the buyer’s original passport in line with the entire procedure of developers before transfers in the Dubai Land department.

Original title deed, buyer’s and seller’s passports, and developer’s original NOC. If there is a mortgage, the bank executive should do the needful upon settling all your dues to the bank and land department.

When you buy a freehold property, you are the only owner of the property. The owner of such an estate enjoys free ownership in perpetuity and may use the land for any purpose as long as it complies with local laws.

Leasehold properties imply that you are purchasing a property on a short-term lease arrangement to hold land or property. In leasehold properties, the landlord, often known as the “freeholder,” retains ownership of the land. When the lease expires, they will regain ownership of the property.

No, Dubai Real Estate has offered buyers and sellers the option of completing purchases and sales with the assistance of legal power of attorney holders. POA holders can purchase and sell properties in the UAE depending on their rights stated in the POA.

Certainly, we do have different modern methodologies for valuing property.

The Land Department is the legal body established in 1960 by Mr. H. H. Shaikh Rashid bin Saeed Al Maktoum, the late ruler of Dubai that secured the rights of Real Estate Investment in UAE. This legal body drafts Rules and Regulations, Plan and Implementation, Registration and Ownership of Real Estate properties both RESIDENTIAL and COMMERCIAL to provide a secure management of Real Estate transactions all over UAE.

RERA is a legal authority in the Dubai Land Department that creates rules and regulations, as well as terms and conditions for performing Real Estate transactions in Dubai for both local and foreign investors in order to enhance the security and management of services. Real estate brokers must pass RERA exams and are referred to as certified agents by RERA once they have obtained their Broker ID, indicating that they have followed Dubai Real Estate rules and regulations to ensure accurate information is shared with investors.

When selecting a home to show you and supporting you in making the critical decision, your unique requirements will always be at the forefront of all we do. Through our relationship with all major banks/financing institutions, we aim to deliver a hassle free solution for all your mortgage needs. The property manager will organize a mortgage on your property in order to expand your portfolio and boost profit and cash flow. Finance installments will be paid from rental revenue, and cash management reports will be given.

RERA declares the property’s current market value, which may be somewhat higher or lower than the real worth. The real price of the property is determined by the market’s performance and is based on the flow of revenue generated by their rents, location, neighborhood, services, available amenities, and other factors that may be calculated using current market agreements done by our authorized agents.

A tenancy agreement also known as contract is a written document containing the rental value, terms, number of payments, and security deposit mutually agreed upon by the Tenant and Landlord of the said unit for a specific period of time.

Valid passport copy of the Owner’s, Title Deed or Sale and Purchase Agreement (SPA), valid passport of the Tenant, UAE residence visa and Emirates ID along with payments due at the time of signing the tenancy agreement.

A security deposit is a refundable sum charged by the renter at the time of signing a contract to ensure that everything is in excellent functioning order and that the tenant does not mistreat the unit upon returning after expiry of the contract.

In the presence of a buyer and a seller in the secondary market of real estate, the developer of such unit must acquire a NOC, also known as a no objection certificate.

Seller must request for a no objection certificate (NOC) from the developer and all fees/charges to be borne by seller.

Seller should pay all of his debts and make an appointment with the developer to schedule a meeting with the buyer in order to obtain a no objection certificate from them.

Any developer must issue a NOC within 3 to 15 days subject to fulfilling the terms and conditions.

Projects have various AC connections that are not covered by DEWA/SEWA/FEWA; a separate registration is required to have access to a chiller; typically, an outsource management business manages the AC costs and connectivity on behalf of the developers.