Buying in Dubai is a straightforward process in most cases with rules and guide lines set out by the Real Estate Regulatory Agency (RERA) .

Firstly research, visit and choose the area* you wish to live in or buy an investment property.

*There are some restrictions with only certain areas open to non GCC buyers, your RERA registered real estate professional will advise you accordingly.

 

Once you have found your perfect property you make a formal offer to the seller via your broker. Should this be accepted you will provide a 10% deposit check and sign an MOU (Form F). Once this is signed by both parties (buyer and seller) and their respective brokers a contract is in place.

The next step is to obtain an NOC from the developer, this will require all service charges to be paid up to date if not already. Clearance certificates from district cooling (if applicable) and DEWA (Dubai Electricity and Water Authority) will then need to be obtained by the seller.

The final step is to take an appointment at the Dubai Land Department (DLD) for the transfer. All parties must be present and all required documents, passports, title deeds, POA’s if being used must be originals. On payment of all dues plus a 4% charge a new title deed will be issued in the name of the purchaser.

If a mortgage* is being used or one is being discharged there will be an additional fee payable and there will be a bank representative in attendance.

*Outstanding mortgage amounts are paid by the purchaser before visiting the DLD for transfer and additional covenants are signed by both parties and the bank/banks involved.

For Off Plan property the visit to the DLD to collect the title deed will be after handover and your developer will guide you. The 4% Land Department registration for Oqood (off plan pre -register) must be paid on booking as opposed to on day of transfer for a ready property.

Only RERA registered agencies and brokers must be used at all stages of any transaction.

(NB. The link button below works but may take 20 seconds or so to load)

 

Developers must also be registered and their projects will be listed on the Project Tracking Service.