Ras Al Khaimah

How to buy a property in Ras Al Khaimah

Procedure:

If you find a property with Sherwoods Real Estate LLC. we negotiate for you with the seller about the sales price. After agreed with the seller about the price then a deposit of 10% must be paid as a reservation. In the mostly cases the buyer need to sign a reservation form before the sales agreement (MOU) will be signed.

On the transfer date the buyer will also be expected to pay a transfer fee of 1% of the original price and our agent fees of between 1% and 2% of the sales price.

Furthermore the land department charges a fee of 2 % of the new sales price in order to provide the new title deed. Of course we are assisting you to get the title deed.

If you are buying a property off-plan, expect to pay around 10% as an initial deposit and then staged payments on specified dates until the property is completed. This should be clearly stated in your contract.

Documentation required from the buyer:

  • copy of your passport
  • ID card ( if applicable)
  • contact details
  • proof or address
  • proof of residence
  • bank statements
  • letter from employer confirming salary (in case of bank loan)

 

Documentation required from the seller:

  • copy of passport
  • ID card ( if applicable)
  • contact details
  • proof or address
  • proof of residence
  • proof of ownership (Agreement with developer / title deed)
  • handover report

 

Buying a property in Ras Al Khaimah demands a lot of paperwork and authorities visits. It would be our pleasure if our well experienced sales team can accompany you.

Our Property Management

Our well experienced Property Management Team is looking forward to help you organizing everything related to your property:

  • We create a real value for the property we manage to increase its return.
  • We keep the property in its best usability conditions.
  • We keep the property in use-continuous returns.
  • We market and promote your property in our various channels in order to getting you valuable tenants.
  • We follow up with FEWA/the developer in order to getting updated FEWA, utility and final bill.
  • We follow up with the tenants in order to paying those bills on time.
  • We are assisting both of the landlord and the tenant in order to getting contracts attestation and the title deed or any other transaction with any governmental department related to the property.
  • We do the snagging report on before the check in/out of the tenant.
  • We provide professional maintenance and cleaning services after landlord approval and customer service.
  • We provide the tenant with better services that keeps him prefers the property for longer time.
  • We follow up the renewal contracts on behalf of the landlord.
  • We select out tenants using a set of criteria that avoid owner all known difficulties and problems of owner-tenant relations.
  • We follow all legal and official issues related to the property we manage.
  • We manage the annual rent payment into the landlords account.
  • We accompany inspection from A to Z.

 

For further information please contact our Property Manager:

Mohamed Ibrahim

+971 50 6277418

m.ibrahim@sherwoodsproperty.com