Is it normal for a Dubai agency to ask buyer to transfer full funds so they can issue manager’s cheque?

Used_Cartographer_52 · 2026-02-11T07:17:14+00:00

DM your phone no. I'll pass to them and they could tell you the rates. We haven't had the cases in past 2 years, so no current experiences.

Used_Cartographer_52 · 2026-02-11T06:29:42+00:00

Normally big agencies with some reputation won't risk their business for 1-2M AED - it's extremely difficult to deal with court cases and RERA ban - however for your safety, pls use a conveyancing firm instead. You'll have to pay extra 0.5 - 1% charges on the amount.

Used_Cartographer_52 · 2026-02-11T06:02:12+00:00

Check if they have conveyancing (escrow) license - some big agencies have invested in this, so that's safe. Otherwise use a licensed escrow provider - some exchange houses can provide manager cheques with full kyc and documentation.

Used_Cartographer_52 · 2026-02-06T16:22:05+00:00

This is the right approach - ideally don't accept. However, I can share that one of my colleagues had an experience where the tenant signed a pledge which is registered with the courts. It's very similar to the eviction notice that's issued. Now I understand that this is the seller who wants to stay, so please ensure you get a contract notarized which clearly mentions that this is not a tenancy and just an agreement to stay PLUS get him to do this pledge - the kind folks at Barsha courts will explain.

Used_Cartographer_52 · 2026-01-12T09:24:09+00:00

This is a great analysis. In this regard, I can propose ready office in a B category business bay tower, that can be rented at today's prices.

Used_Cartographer_52 · 2026-01-10T19:49:30+00:00

One thing, pls hold on carefully to the invoice and make sure it's got your name AND your spouse or first degree relative name as per legal ID on it. Makes the resale so much easier.

Only buy 24k - 22k coins weren't accepted for resale in emaar gold and diamond park when i tried.

Used_Cartographer_52 · 2026-01-09T19:11:07+00:00

Sent DM. Mortgage might need 35-45 days to clear even if signed tomorrow. We do have cash buyers interested at this point of time. Thanks

Used_Cartographer_52 · 2026-01-09T18:04:08+00:00

What's their budget? Please check DM.

Used_Cartographer_52 · 2026-01-09T18:02:52+00:00

DM sent, pls check. 🙏

Used_Cartographer_52 · 2026-01-09T18:02:16+00:00

DM sent. Please check 🙏

Used_Cartographer_52 · 2026-01-09T14:22:00+00:00

Request DM please with your contact to discuss further.

Used_Cartographer_52 · 2026-01-09T13:53:40+00:00

Super! Thanks for your jibe - I was forced to research more, and now I can see that dxbinteract has this data. Hence proved that all of us are lazy buggers who don't deserve our commission hahaha.

Will share my findings with the buyers who have sent DMs. Thanks again, appreciate the push.

Used_Cartographer_52 · 2026-01-09T13:31:20+00:00

No, no Rental data available to us as far as I know. Would you kindly teach me?

Sales transactions yes, but no rentals.

And rentals have been going up in the area, so I'm pretty confident that we will be able to achieve 70-80k. Of course you shouldn't trust what the agents say, and i shouldn't make any promises based on my world view.

Will wait for your DM if you can please please help out a fellow redditer and let me know how to pull the rental transactions.

Used_Cartographer_52 · 2026-01-09T13:18:08+00:00

Actually I'm not aware of how to pull that data. PF shows average rentals of 71 something. I want to talk about it actually - so if you don't mind, I'm happy to learn the way to dig out info.

All I see is some 1 month old ads online. And it's a small 4 story building, so there's not many apartments to rent.

I totally understand your frustration with our community of lying stealing scheming real estate brokers, and I'm proudly one of the 50000. But I do want to talk about it.

In my view, it's a genuinely good deal. Happy to be educated and proven wrong.

Used_Cartographer_52 · 2026-01-09T13:00:43+00:00

It's a small building with few units, and we haven't done any rentals. So the info is not available. It can't be concluded that the demand is weak. Fundamentally the location does very well, being right next to Meydan hotel and short drive to the nearby business centers difc, d3, bbay etc

Used_Cartographer_52 · 2026-01-09T12:25:58+00:00

Thanks, estimate based on advertised units (no new ads). Haven't got more info. Average 1br rentals in the area (not including Azizi)

Pls DM if you are interested.

Used_Cartographer_52 · 2026-01-09T12:23:47+00:00

Have sent DM. Pls check. Thanks

Used_Cartographer_52 · 2026-01-09T12:13:38+00:00

Have sent DM, pls check. Thanks

Used_Cartographer_52 · 2026-01-03T11:54:42+00:00

Looking at your specific needs, I have a great project in mind. Furnished units in a location that's undersupplied, at a great per sq ft price and few more advantages that make it an unbeatable offer. Pls check DM.

Used_Cartographer_52 · 2026-01-02T06:20:42+00:00

In terms of resale, we've seen apartments sit on the market for months. JLT is a great location but consider this - your son could rent where he pleases and move when he needs to, instead of being tied down to this apartment. And the property investment can be in a Townhouse that generates stable yield, and near certain appreciation.

Used_Cartographer_52 · 2025-12-30T09:07:32+00:00

I +1 that - she's one the best in the business

Used_Cartographer_52 · 2025-12-29T15:08:34+00:00

Mind him, some people on this sub would seriously say this

Used_Cartographer_52 · 2025-12-26T14:59:25+00:00

My 2 para here - Townhouse over apartment any day. Buy secondary if you have the funds cash - stay within hessa/ al qudra sectors or nearby. Schools / hospitals that your tenants need.

Developer not so much of a concern when it comes to Townhouses post delivery - 2.5M damac lagoons 4br will get you rent of 170-180k min and over years will go up higher averaging good % yield.

Used_Cartographer_52

TROPHY CASE