About Abode Property
In the agent's own words...
Established in April 2012, Abode Property is a boutique estate agency, providing highly professional and personalised services to clients looking to buy, sell or rent property in Dubai. Abode Property Real Estate is one of the leading real estate companies in Dubai.
The agency comprises of a group of experienced real estate agents and investment experts who understand the intricacies of one-on-one interaction and offer an unparalleled degree of personalised attention. With unrivalled knowledge of the city’s most distinguished properties and sought after neighbourhoods, Abode Property’s agents are highly regarded for their professionalism, discretion, and creative methods. This is why Abode Property stands out among hundreds of other residential real estate companies in Dubai, and is particularly renowned for its proficiency in the markets of Dubai Marina, Jumeirah Beach Residence (JBR), Jumeirah Lake Towers (JLT), The Greens and The Palm Jumeirah. If you are looking to buy property in Dubai or rent property in Dubai, Abode Property should be your first call.
Call Abode Property today and let us help you buy, sell or rent property in Dubai. Please contact us, call: +971 (0) 4 4487664 or email: firstname.lastname@example.org or come and see us at our showroom in the prestigious Grosvenor House Dubai Marina. Tower 1 Lobby level shops 1 and 2.
INVEST IN DUBAI PROPERTY
We provide astute, creative and innovative ideas to facilitate your purchase of each property. We have extensive experience with sales and re-sales for our as well as finished product developments. We can provide help from initial enquiry through to property management or sales. We’ll also help you identify the best fit for the needs of investment to suit your requirements.
WHO IS ABODE? WHAT IS OFF PLAN?
Abode Property was founded in 2004 by Mark Tolland. Mark started as a successful off plan investor and eventually evolved into owning Dubai's Premier Boutique Real Estate Agency. Call Mark on +971 561389712
Off plan property is directly from the developer and you pay through the build process at pre-determined timelines. Normally only 30% will be paid in advanced instalments with the remainder being paid only on completion.
Off plan developments are paid in staged plans. The structure is 5% reservation fee, 10% or 15% 1st instalment followed by a second instalment of 10% or 15% 6 months later, then the final balance is paid on completion.
THE BROKERS PROCESS
The Target (A sale) : Happy Buyer + Happy Seller = Happy Agent
As a sales person, the target is a successful sale where the Buyer is happy, the Seller is happy and then the Agent is happy (when they are paid for a job well done.
The most basic principles apply just the same as in any country world wide. By understanding these principles, all are able to more effectively perform their role and respect the role in the transaction of each other throughout the process.
RERA have provided links to enable all to understand the meanings of certain words and terminologies used in real estate and also used in real estate in Dubai. We all need to talk the same language and understand the meanings or definations. In a sale process there is the people, the property, the process of sale or transacting the business.
- The Seller
- The Buyer
- The Agent
The property – this can be either…
- Whole Building
The property may be described as either…
- Service Utility
- Government Use only
The property is the actual property. Regardless if it is ‘off-the-plan’ being a non-completed building and only a piece of paper, if you have bought it, and have the essential forms and documents, RERA treat it as though it is your asset and your property
There are two parties to a real estate transaction – A Buyer and a Seller.
Then there is the Agent, who is secondary in the transaction if this applies.
The Agent is an intermediary only. They may however, be a stakeholder in the transaction process. A Broker / Agent is permitted to represent and act for one party and receive a fee. If they work in favor of the other party or receive a benefit or reward then their right to claim a fee is terminated Refer By-Law No. (85) of 2006 Article (19) & Article (21)
In Dubai, real estate agents and brokers have come from many different countries with differing approaches to the real estate property sale transaction. The terminologies also differ from country to country, as well as the sale process. What may be acceptable in a regulated property market in a western nation, it may not be acceptable here in Dubai and especially under the new By-Law No. (85) of 2006. Now almost two years since this By-Law was announced and implemented, it is essential that all Dubai real estate brokers and agents, all Dubai property investors – Buyers and Sellers as well as the property developers, are all speaking the same real estate “language” and the interpretations are understood with the same meaning.
Therefore, the following information on the real estate sales process briefly explains the process beginning with the property listing then working with a Buyer’s Agent, the two independent intermediaries being the Buyer’s Agent and the Seller’s Agent working together and how real estate sales occur in Dubai.
VIEWING RENTAL PROPERTIES – CHECKLIST
Finding a new place to rent can feel like a mammoth task. To make things a little easier keep this handy list to hand to remind you of things to look for when viewing properties:
- Before any viewings make a list of features and criteria that are important to you.
- What facilities and amenities are around the property, both in the community/building and nearby? Do they suit your needs and lifestyle?
Outside the property:
- Is the building in good condition?
- If there’s a garden has it been well maintained?
- What are the neighbouring properties like?
- Are there potential parking issues?
Inside the property:
- Check out the AC. Does it work, is it noisy, does it appear to have been maintained? Are there thermostats in every room?
- Is the general condition good?
- Check for health & safety issues such as bare wiring, faulty plugs and lights. Is there enough storage for you?
- What provisions are there for TV, internet, telephone?
- An obvious one, but will your belongings fit?
- If appliances are being provided, do they work?
- Make sure taps, toilets, baths & showers don’t leak.
- Listen carefully – what’s the noise like from outside, from neighbours?
- Are there any suspicious water stains anywhere?
- Can you see any signs of mould?
Latest Properties Marketed by Abode Property
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