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Buyer's Guide

Buyer's Guide

Want to Sell your Property? Get the right knowledge from our experts or refer to the guide below!

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Step-by-Step Guide to Buying Property in Dubai

1. Estimate Your Budget

Begin by determining how much you can realistically afford. Don’t forget to factor in additional costs like:

2% agency fees
4% Dubai Land Department (DLD) transfer fees

If you’re applying for a mortgage, expect to pay a minimum of 25% as a down payment, along with interest rates between 3-4%, depending on the loan term and the lender. Careful budgeting is essential before making a commitment.

2. Get Mortgage Pre-Approval

Getting pre-approved helps define your budget and strengthens your buying position. The bank will assess your financial eligibility and issue a pre-approval letter (valid for around 60 days) confirming your loan amount.

3. Appoint a Trusted Real Estate Agency

Work with a licensed, experienced real estate agency such as Seven X Properties to help you navigate the market. Clearly communicate your budget and preferences early to save time and ensure you’re matched with suitable properties.

4. Begin Property Viewings

Your agent will shortlist properties based on your criteria. Visit multiple listings to explore your options until you find the ideal property.

5. Submit a Formal Offer

Make your offer in writing and include:

A 10% deposit cheque
Copies of passports and Emirates IDs for all parties on the title deed

This structured approach increases your chances of having your offer accepted.

6. Sign the Memorandum of Understanding (MOU)

Once your offer is accepted, your agent will draft the MOU (Form F). Both buyer and seller must sign it, and the buyer submits the 10% deposit cheque at this stage.

7. Finalize Mortgage and Settle Seller’s Mortgage (if applicable)

If you’re financing through a bank, the bank will conduct a property valuation before issuing the Final Offer Letter (FOL).
If the seller has an active mortgage, the buyer must settle it in full before proceeding. The seller should request a mortgage settlement letter promptly, as this process can take up to 2 weeks.
Allow 6–10 weeks total for completion, depending on the banks involved.

8. Apply for the No Objection Certificate (NOC)

Both parties must visit the developer’s office to request an NOC. The developer will issue the certificate after verifying:

Outstanding service charges are paid
Any property modifications comply with regulations

Fees range from AED 500 to AED 5,000, and some developers may require a refundable deposit returned after ownership transfer.

9. Complete the Ownership Transfer

Once the NOC is obtained:

Visit the Dubai Land Department (DLD) for an official transfer
Pay the seller via manager’s cheque

Settle the 4% transfer fee and up to AED 4,000 in admin fees using manager’s cheques

A new title deed will be issued in your name, and any prepaid service charges will be reconciled on a pro-rata basis.

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