WHO CAN BUY?
Any nationality, based in or out of the UAE, may acquire properties in Dubai's freehold districts.
RESEARCH HOMEWORK ON MORTGAGE
Make sure your budget is reasonable and fits your demands if you're searching for house financing. Prepare the required down payment (twenty-five percent for properties that are ready to move into, under rules from the UAE Central Bank). Our subject-matter specialists, the consultants, will help you locate the finest mortgage offers.
IDEAL SITE
Discuss your goals for your lifestyle and the exact type of house you are searching for in a conversation with your realtor.
VISIT THE PROPERTY
See the properties in person by attending house viewings. Always choose a house that best suits your needs and your budget.
TIMEFRAME
Thirty days is the average transaction time from the date of the signed Memorandum. The parties may, however, agree to extend the deadlines together.
ACTIONS
Following the completion of the purchase of a property, the buyer must sign formal documents provided by the Real Estate Regulatory Agency (RERA). A memorandum of understanding (MoU) must be signed by the buyer and the seller, with the buyer providing a check for 10% (usually) of the sales price as a deposit. The buyer's agent holds the check as collateral and returns it when the deal is finished. To apply for a "No Objection Certificate," the buyer and seller will meet at the developer's office (NOC). After making sure that all outstanding service charges have been paid, the developer will provide the NOC in exchange for a fee. The buyer and seller meet at one of the various registration trustee offices designated by the Dubai Land Department to formally transfer ownership when the developer issues the NOC. A manager's check is used to cover the purchase price. A new title deed is issued in the buyer's name once the registration trustee completes all the requirements online.
