Buyer Guide
Your Guided Path to Effortless Property Ownership in Dubai
Buying a property can be a complex endeavor, with procedures varying from one country to another. However, in Dubai, the process is refreshingly straightforward. Our step-by-step guide is designed to ensure a hassle-free property buying experience for you.
Who Can Buy?
Dubai's freehold areas welcome buyers of all nationalities, whether they reside in the UAE or abroad.
Mortgage Planning
If you require home financing, the first step is to establish a practical budget that aligns with your requirements. Be prepared with the necessary down payment, which typically amounts to 25 percent for ready-to-move-in properties, in accordance with UAE Central Bank guidelines. Our expert consultants will assist you in securing the best mortgage deals available.
Choosing Your Ideal Location
Effective communication with your agent is key. Clearly articulate your property preferences and lifestyle priorities.
Property Visits
Attend property viewings to personally inspect the options available. Always select a property that not only meets your criteria but also falls within your budget.
Timeframe
On average, a property transaction in Dubai takes approximately 30 days from the signing of the Memorandum of Understanding (MoU). However, both parties have the flexibility to mutually extend the agreed timelines when needed.
The Procedure
Once you've identified your desired property, the formal process begins:
Both the buyer and seller sign official forms provided by the Real Estate Regulatory Agency (RERA).
The buyer writes a deposit cheque, typically 10 percent of the sales price, which is held by the buyer's agent as a guarantee and returned upon transaction completion.
The buyer and seller meet at the developer's office to apply for a "No Objection Certificate" (NOC).
The developer issues the NOC, following confirmation of cleared outstanding service charges.
With the NOC in hand, the buyer and seller convene at one of the registered trustee offices designated by the Dubai Land Department for the official transfer of ownership.
The purchase price is settled with a manager's cheque, and upon the completion of all formalities online, a new title deed is issued in the buyer's name.
At every step of the way, our goal is to simplify the property buying process in Dubai, making your journey towards property ownership as smooth as possible.