Why Property Inspection is Important in the UAE

Property inspection is one of the biggest financial decisions a person will ever make is purchasing real estate. It is crucial to make sure that any property, whether it be a residential home, office block, or investment property, is defect-free and meets quality standards. In this sense, it is crucial in spotting such issues and ensuring the property’s safety, structural integrity, and investmentworthiness.

Snagging and inspection services have become vital for investors and buyers in the United Arab Emirates, especially in the fast-growing city of Dubai. A professional property inspector can find hidden flaws in a home, such as defective construction and noncompliance, which would otherwise remain unnoticed during a casual walkthrough.

What is Property Inspection?

Structural integrity, electrical systems, plumbing, heating, ventilation, air conditioning, and the quality of finishing are discussed during the property inspection. It is mainly done before the finalization of any real estate deal or before handing over the property to buyers. An inspection guarantees that a property meets certain safety and quality standards.

Main elements of Property Inspection

A structural inspection is the process of checking the foundation, walls, roof, and general structural integrity.

Electrical System Check: Checking whether the circuits are working, that the wiring was done correctly, and that all of them meet the safety standards.

Under plumbing inspections, water pressure is checked, wastewater is drained, and wastage due to leaks is searched for.

An HVAC systems inspection is a checkup of how the heating, ventilation, and air condition system works.

Finishing and Snagging: Examining tile fittings, paint quality problems, cracks, and any other finishing flaws.

Compliance Check: Verifies that the building complies with UAE building codes and regulations.

The Importance of Inspection in Dubai’s Real Estate Market

With new buildings and off-plan projects nearly being completed every year, real estate in Dubai continues to expand at an astounding and unthinkable rate. However, not all properties are delivered to the level promised. Snagging refers to identifying minor and severe flaws in freshly built properties to be fixed before a legitimate owner moves in.

Why do you need Property Inspection?

Standard Guarantee: Pinpoint a few difficult scenarios that will eventually necessitate expensive expenses.

Investors are protected because the buyers hold the upper hand on the developer over any problems until their units are officially transferred to them.

Encourages Safety: Points out potential hazards such as faulty piping and electricity.

A professional property inspection report is provided before purchase to an owner, providing an official record of the defects that have been raised with the developer.

Advantages of Hiring a Professional UAE Property Inspection Service

A professional property inspection agency will inspect your property, and the experts will ensure that it is done according to local building laws and regulations. Here are a few advantages:

Neutral Inspection: Transparency is ensured through an unbiased inspection.

Savings: Through this, you might be able to save thousands of dirham on repairs.

Power in Negotiation: You can leverage the inspection to have the repairs done before the sale or to bargain for a lower price of buying.

You are comforted knowing that the property you will be entering is secure and structurally sound.

Our Expertise for Property Inspection Service in Dubai, UAE

Our specialty is giving comprehensive defect inspection services all across Dubai and the United Arab Emirates. We make sure that everything about your house meets the requirements of quality before you move into it.

A Few of Our Offerings

Pre-Handover Snagging Inspection: New properties are examined to make sure they meet the requirements that were promised.

Inspections of properties before purchase: Assisting investors in making wise choices.

Inspections performed after renovations ensure that they are done right.

Commercial Property Inspections: To inspect offices, stores, and warehouses.

Maintenance inspections every year will help to identify potential issues before they become major problems.

Why should you choose Atom Inspections?

At Atom Inspections, we are proud to provide a highly skilled and experienced team of inspectors familiar with UAE building codes and regulations. Our inspectors are dedicated to delivering comprehensive and accurate inspections so that every property is up to the highest level of quality and safety.

We provide thorough inspection reports that extend beyond mere issue identification. Our reports are elaborate, with high-resolution photos and precise recommendations for any repairs or improvements that may be needed. This provides you with transparency and enables you to make informed decisions regarding your property.

In order to improve the accuracy of our inspections, we use leading-edge technology, including thermal imaging and moisture detection, which enables us to identify hidden defects that could potentially be missed. This state-of-the-art equipment allows for a more comprehensive assessment and a better insight into the property’s condition.

Recognizing the value of time in making property decisions, we give priority to fast turnaround times to get your inspection reports back to you as soon as possible. This will enable you to proceed with certainty and make prompt decisions for your investment.

Our client-first focus guarantees that we are committed to protecting your investment and providing an impeccable property. Through our services at Atom Inspections, you are assured that your property is in good hands and provides peace of mind as well as total protection for your investment.

A property inspection is important for ascertaining the quality of a newly constructed property, whether it is a real estate investment or the purchase of a new home. Since Dubai real estate is one of the rapidly evolving industries, you can save yourself from repair costs in the future and guarantee peace of mind by hiring an efficient inspection service.

If you are in search of professional property inspection and snagging in Dubai, UAE, then it is time for you to call us! Call us now; our well-equipped, reliable employees will be on hand to advise you on matters related to a real estate venture.

On 9 August 2016, HMRC released a consultation document to flag some potential tax impacts that a forthcoming change in lease accounting may have on the funding of plant and machinery. From 2019, lessees using IFRS (including FRS 101), as opposed to FRS 102 (UK GAAP), will no longer have to distinguish between finance and operating leases. All leases (except some small value leases or very short leases) will be capitalized on the lessee’s balance sheet at the NPV of the future payments from the day the lease starts. This accounting change will not affect lessors. At the moment, the tax treatment typically depends on whether a lease is a ‘long funding lease’ or not. If it is, then it is the lessee who gets capital allowances (CAs). However, much anti-avoidance legislation is focused on the concept of finance leases and the IFRS change will interfere with that. In its consultation, HMRC has floated four options for addressing the issue. The first is broadly the status quo, with some tinkering. The others contain the more radical suggestion to move towards an accounts-based regime for taxing leases, using a system of debits and credits somewhat akin to the loan relationship regime and which would similarly eliminate the capital/revenue divide. ith such a proposal, including:

HMRC has identified several issues which should be addressed in conjunction with such a proposal, including:

1. Can HMRC trust companies to use ‘sensible’ depreciation policies or will there need to be legislation for it?

2. In order to avoid distorting the ‘lease or buy’ decision, the government may be willing to offer an enhanced deduction to lessees that would otherwise have qualified for the AIA.

3. Could HMRC combine an accounts-based regime with giving the lessee an option to claim CAs on the ‘right of use’ asset?

Inevitably, there is a long way to go on these issues. But the eventual outcome is potentially quite far-reaching for UK corporates – for example if HMRC can become comfortable on the issue of ‘sensible’ depreciation policies without a lot of new anti-avoidance legislation.

If you have any questions on the tax implications of lease accounting please contact David Porter.