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Our Address
Aspin Towers, Sheikh Zayed Rd, Dubai UAE
MOST ASKED QUESTIONS
A Leasehold property is a property that is leased out by Emaar Properties to a Lessee for a specific period of time. A Freehold property is a property that is sold outright for a specific purchase price to a Purchaser and there is no limit on ownership rights.
The rate of maintenance fees is an amount that varies depending on the yearly costs and expenses involved in the maintenance, operation and upkeep of the common areas in the concerned community. However the Sale Agreement does mention the payment of maintenance fees.
You would need to attend the Contracts Helpdesk and sign and indemnity form. You will also need to provide us with either a police report or an affidavit signed in front of the notary public, citing the reasons for the loss of the contract. The veracity of your request will then be verified and if genuine, a new Sale Agreement will be issued upon payment of a nominal fee of AED 3,000.
Regrettably, for the time being, the Sale Agreement is printed in English.
From a legal perspective, deleting or adding names are considered transfers, and the customers would have to apply for NOC from Emaar for completing the required addition/deletion of names in the property ownership, and such transactions shall have to be recorded in the Land Department relevant Register. Also appropriate administrative fees shall have to be paid to the Vendor and transfer fees paid to the Land Department.
For off-plan properties purchased during launch, it can take the Vendor minimum 21-40 days in issuing the Sales and Purchase Agreement after purchase date as all sales are subject to approval and documentation compliance. The Vendor needs to ensure that down-payment, registration charges and oqood charges are cleared in full. At times, there is interdependency from Lands Department to get the plot numbers particularly for townhomes or villas which are printed on the agreements. For completed properties purchased which are also subject to approval and documentation compliance; the SPA issuance is usually between 15-20 days.
