How to Purchase Property in Dubai

Step by Step Guide to Purchasing Dubai Real Estate

Purchasing Guide


Plan your budget

Remember for buyers there is a 2-3% agency fee and a 4% transfer fee to take in to account of any purchase.


If you are a finance buyer find which mortgage is right for you and get pre-approved.

Being pre – approved not only confirms your budget but it also puts you in a stronger buying position.



Find a trusted Real Estate Agent or company

Find an agent to work with you to understand your full needs and requirements. When working with industry experts, the more detail you go into with your requirements the more time you will save later on by giving your agent the best understanding of what you are looking for.


Arrange appointments to view with your agent

View communities and properties with your agent and look around until you find what you are looking for.


Submit an Offer

When submitting your offer for the strongest chance of acceptance we recommend putting your offer in writing with a copy of 10% deposit cheque, along with passport copies and emirates ID of all parties who will be on the title deed.


Once offer is agreed sign MOU

Your agent will draft an MOU which stands for memorandum of understanding and also known as a Form F. You will review and then both parties will sign the contracts along with handing over the 10% deposit Cheque.


Sales Progression Process

If the buyer is purchasing with a mortgage then the bank’s involvement will be needed. A bank valuation on the property would be required and the buyer would need to obtain his or hers final offer letter from the lender which secures his chance of a mortgage. If the seller has a mortgage on the property the buyer is required to settle the seller’s mortgage in full prior to the NOC application. If this is the case make sure once both parties signed the MOU the seller requests a mortgage settlement statement from his bank as this can take up to 2 weeks. (This process can vary depending on banks but we would average 6-10weeks)


Apply for NOC

All the parties will meet at the offices of the developer to apply for a No Objection Certificate (NOC) to sell the property. The developer will usually issue the NOC against a payment of a fee (AED500-5000 depending on the developer) once the developer is satisfied that any amount due to the developer in the form of service charges have been settled in full along with any modifications, the seller may have made has been completed as per the developers guidelines. Usually someone from the developer’s office will come and look around once the property once applied for. Certain developers will also require a refundable deposit upon the buyer in which is only refunded when the buyer presents the new title deed at the developer’s office and their records are updated (Process 5 working days)


After receiving NOC

Once the NOC is issued, all parties are able to go to the office of the Dubai Land Department to officially transfer ownership. The Dubai Land Department will insist on payment of the purchase price being made in the form of a manager’s cheque made payable to the seller on the date of transfer, along with managers cheques for the 4% transfer fee due to the DLD and an admin fee not in excess of AED 4,000. Once formalities are completed, a new title deed will be issued in the name of the buyer. Also at this time the buyer will settle any overpaid service charges with the seller worked out pro rata.


Find a Property Manager

Sit back and enjoy the rewards of your investment by allowing a reliable and experienced property management company to take care of your property. Property managers can help you find tenants, arrange the tenancy contract, conduct the tenant check-in/check-out, and also ensure your property is being maintained properly along the way.

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