Terms & Conditions of PowerElite Real Estate

1. Definitions

  • "Company," "We," "Us," "Our" refers to PowerElite
  • "Client," "You," "Buyer," "Tenant," "Seller," "Landlord" refers to any individual or entity using our services.
  • "Property" includes residential, commercial, and rental real estate listed with us.
  • "RERA" refers to the Real Estate Regulatory Agency of Dubai.

2. General Terms

2.1 Compliance with UAE Laws

All transactions are subject to the laws of the UAE, including:

  • Dubai Real Estate Laws
  • RERA Regulations
  • Tenancy Laws (Law No. 26 of 2007, amended by Law No. 33 of 2008)
  • Anti-Money Laundering (AML) Policies

2.2 Brokerage Services

  • We act as an intermediary between buyers, sellers, landlords, and tenants.
  • We do not guarantee property availability, pricing, or ownership disputes.
  • Clients must verify property details independently before transactions.

2.3 Client Responsibilities

  • Provide accurate information for contracts and due diligence.
  • Ensure financial readiness (pre-approvals for mortgages, rental budgets, etc.).
  • Comply with UAE visa and residency requirements for property ownership.

3. Property Listings & Transactions

3.1 Accuracy of Information

  • Property details (pricing, size, amenities) are provided by owners/developers.
  • We are not liable for discrepancies but will assist in verifications.

3.2 Exclusive Listings

  • Sellers/Landlords granting exclusivity must sign a RERA-approved mandate.
  • Early termination may incur fees unless mutually agreed.

3.3 Buyer/Tenant Obligations

  • A good faith deposit (usually 5-10%) may be required to reserve a property.
  • Non-refundable agency fees (2-5% of sale price or 5% of annual rent) apply upon deal closure.

4. Fees & Payments

4.1 Commission Structure

  • Sales: 2% of the property price (per RERA guidelines).
  • Rentals: 5% of the annual rent (paid by the tenant unless otherwise agreed).
  • Commercial Leases: Negotiable (typically 5-10% of lease value).

4.2 Payment Terms

  • Due upon contract signing or transaction completion.
  • Late payments may incur AED 500 + 1% monthly interest.

5. Cancellations & Refunds

5.1 Buyer/Tenant Cancellation

  • Deposits are non-refundable unless the seller/landlord defaults.
  • Agency fees are due if a deal is canceled post-agreement.

5.2 Seller/Landlord Cancellation

  • If a property is withdrawn after marketing, a cancellation fee (up to 50% of commission) may apply.

6. Data Privacy & Confidentiality

  • Personal data is collected per UAE Data Protection Laws.
  • We do not share client details without consent, except for legal compliance.

7. Dispute Resolution

  • Disputes will first undergo mediation via RERA or DLD.
  • Unresolved cases will proceed to Dubai Courts.

8. Amendments

  • We reserve the right to modify these terms with 30 days’ notice.

9. Contact Us

For inquiries or complaints:

  • +971 569076316
  • info@elitehomesdxb.com
  • 402, Atrium Tower, Bur Dubai

By using our services, you acknowledge reading and agreeing to these Terms & Conditions.