Our buyers guide will help you familiarise yourself with the process so your purchase will go as smoothly as possible.

    1. Set a budget

The most important thing to do when you start looking for a property to buy is get your budget set. If you are buying in cash make sure your money is in UAE for the time of transfer

      2. Get a mortgage is required

If you need mortgage you have to speek with your bank to arrange pre-approval which tells you how much you can spend. Minimum 20% deposit is needed.

    3. Find a RERA qualified broker

Finding a RERA qualified broker that you trust will help you to find your ideal home or investment property

    4. Make an offer

Once you've found a property you love and you are ready to make an offer move quickly. Being ready to move quickly will put you in a stronger negotioating position so have your mortgage pre-approval ready and the 10% deposit you will need to secure the unit.

    5. Pay the deposit

Once both parties agreed on price and all terms, they will enter in to a legally binding agreement called an MOU (Memorandum of - Understanding), referred to by RERA as a form F. This will be done via the Dubai broker App and at this stage you will be asked to produce a current dated cheque in the name of the seller as a 10% deposit and a PDC in the name of the brokers company for the commission. The MOU should include All elements of the contract you are entering into such as paid rent or service charges and the length of time allowed until transfer.

    6. Get the NOC

Prior to purchase the seller will need to obtain an NOC from the developer who build the property which will ensure the property is free from any outstanding service charges.

    7. Block the property

If there is a mortgage on the property you are buying you will go through "blocking".The seller will obtain a liability letter from their bank and you will come to the DLD to block the property with four cheques ; one in the name of the seller's bank for the outstanding mortgage, one in the name of the seller for the remainder of the purchase price, one in the name of DLD for the transfer fee of 4% and last manager cheque in the name of the agency.

   8. Transfer the property 

you will meet down at the transfer office with your broker, bank representative and the seller. Property purchases can only be made in cash or by managers cheques so chances are you will have your managers cheque ready. Remember you will need cash for DLD office as administration fees. Once the transfer is complete the sale is registered with DLD and you will receive your new Title Deed and all keys/access cards to your property.

  9. You are now homeowner   

Congratulations.