A freehold title deed is issued, which gives full ownership rights with no expiry, in accordance with Dubai regulations for eligible buyers.
Prestige One Developments
Frequently Asked Questions
Answers to the most common questions about contracts, ownership, registration, payments, and handover.
Contracts
These fees cover the upkeep and cleaning of common areas. Annual service charges are budgeted and approved by RERA before collection, and details are listed in the SPA.
Yes. Parties can request additions or removals in line with current regulations. Applicable Dubai Land Department fees may apply.
Contact the Customer Relations team for guidance. You may need to submit an indemnity letter and pay an administrative fee before a replacement original is issued.
The SPA is generally issued after payment of 20% plus DLD and admin fees, followed by compliance review of booking details.
Property, Registration and Resale
A snagging inspection is a pre-handover visit to verify the unit matches SPA specifications and to record defects for rectification.
External changes are not allowed before completion. Minor internal changes may be possible after handover with required approvals and applicable fees.
Yes. Once handover is complete and the title deed is in your name, renting is permitted.
No. Non-residents can own property in Dubai freehold areas, subject to applicable legal documentation.
Required documents vary by project and buyer type (resident, non-resident, company, etc.), and the CRM team guides buyers through the process.
Registration should be completed within 60 days from the sale date to avoid potential Dubai Land Department penalties.
The standard fee is 4% of the purchase price plus administrative charges, payable to the Dubai Land Department directly or through Prestige One channels.
Resale usually requires a No Objection Certificate (NOC) from Prestige One and compliance with current payment and transfer rules set by both Prestige One and DLD.
Payments
Payments must follow the schedule stated in the SPA. Delayed or missed payments may trigger penalties under the SPA and relevant property laws.
Prestige One's payment plan is as follows:
- 20% at the time of booking
- 5% 90 days after the reservation date
- 5% 180 days after the reservation date
- 5% 270 days after the reservation date
- 10% 360 days after the reservation date
- 5% 450 days after the reservation date
- 5% 540 days after the reservation date
- 5% 630 days after the reservation date
- 5% 720 days after the reservation date
- 35% upon handover
A 30-day notice is typically issued for defaulted payments. If unresolved, further legal action may follow as per applicable law.
Others
You can contact the CRM department by email or visit the sales office to update your details. Email:crm@prestigeone.aeCall:800 PRESTIGE / 800 77378443More details:Contact Us page
Yes, subject to approval from a UAE Central Bank licensed financial institution.
As published, new properties are VAT exempt within three years of construction, subject to prevailing regulations.
Yes, where permitted, and in line with Dubai Land Department and relevant free zone authority requirements.
By default, principal and joint owners hold equal rights unless a different ownership share is declared in the agreement.
Need more help?
Talk to our customer relations team
Our team is ready to answer questions about your property, payments, registration, or handover.