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How to buy property in Dubai

 

 

 

Our expert property advisors will ask the right questions and, most importantly, listen to you in order to understand your requirements and find the best Dubai property to match them. Once you’ve identified your property, there are two different routes to follow depending on whether it is bought direct from the developer or a re-sale from a previous owner.Whichever route you are taking, we work closely with sellers and our developer partners to ensure there are just 4 simple steps between youand the keys to your new property:

 

We have a very large collection of different types of properties for sale in Dubai. Old ones continue to be sold and news ones continue to come in. So whatever your need is, we may have a right one for you!

 

 

Direct Sale

 

  1. Pay a reservation deposit of £3000 to take your chosen property off the market.

  2. If the property is complete, you will need to pay the relevant fees (Oqood, admin etc) as well as the property’s building charges to take ownership of the property. If the property is off-plan these fees and the remaining 50% will need to be paid on completion.

  3. You are then required to sign your contract and pay your contract payment. If your property is complete, this payment will be the entire purchase price. If your property is off-plan you need to pay 50% of the purchase price at this point.

  4. The developer will send you fully executed documents of ownership at this point. Your Title Deeds will be sent to you by the Dubai Lands department after the completion of your property.

 

 

Resale

 

  1. You will need to sign a Property Re-sale Agreement. You will also need to make a reservation payment of 10% of the property purchase price.

  2. We will facilitate the entire property transfer process dealing with the developer, the previous owner and the Dubai Lands   department on your behalf. We will contact you to sign a number of documents and provide proof of dentification at various stages of the process.

  3. You are then required to pay your 1st instalment for the property. If the property is complete this instalment will be 90% of the purchase price. If the property is off-plan this payment will be 80% of the property purchase price followed the final 10% on completion.

  4. You will then be given all the documentation required to complete the transfer process. These documents must be taken to the Dubai Lands department on an agreed day with the seller to complete the transfer and where you will be issued with evidence of the transfer and your new proof of ownership. We can take care of all of this on your behalf.

 

 

ASSOCIATED COSTS
 

When buying property anywhere overseas, it is important to be awareof any extra costs involved in addition to the purchase price so you canbudget accordingly. The main ones to take note of when buying inDubai are summarised below:

 

 

FEE                                          TYPE OF FEE                                             AMOUNT               

 

 

Oqood Fee                                         Oqood registration                                                       Between 1,000AED    and 3,000AED


Law 13                                                Fee to register the property                                         1% of the purchase price

                                                            with the Land Department.

                                                            This 2% fee is split between buyer
                                                            and seller

                                                                                                                                                 
Maintenance                                      To take full ownership of                                               Varies depending on the                   
                                                            your property you will                                                    property location  
                                                            need to pay the relevant
                                                            development
                                                            maintenance fee

 

 

 

 

 

Please NOTE that in order to make up your mind about buying a property in Dubai, you may like to visit the property in Dubai yourself. We can arrange your visit and you can supervise the whole buying process yourself, while staying in Dubai. Of course in that canse you will bear all travel & accommodation expenses yourself.

 

 

 

 
 

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