Our buyer’s guide simplifies the property buying process in Dubai, ensuring a smooth and stress-free journey to owning your dream home:
1. Partner with a Trusted Expert:
Connect with a RERA-certified property consultant or agency. Discuss your budget, requirements, and preferences. Sign a Form B contract to authorize them to represent you in negotiations.
2. Secure Your Financing (if needed):
Consult a mortgage advisor to obtain pre-approval from a bank. For mortgages, a minimum down payment of 20-25% is typically required. Rates vary depending on individual circumstances.
3. Explore Your Options:
Schedule property viewings with your consultant based on your preferences. They’ll guide you through suitable properties and answer any questions you may have.
4. Make an Offer:
Once you find your ideal property, negotiate the price with the seller through your consultant.
5. Formalize the Agreement:
Upon reaching an agreement, sign a legally binding Memorandum of Understanding (MOU) or Form F through the Dubai Brokers App. A 10% deposit cheque payable to the seller is required.
6. Consider Conveyancing Services:
For a seamless sales and transfer process, engage a reliable conveyancing company.
7. Finalize the Transfer:
On the transfer day, pay the 4% DLD transfer fee and trustee fees along with a manager’s cheque for the agreed sale price. Once the transfer is complete, you’ll receive your official Title Deed.
With this guide and the support of a trusted real estate professional, you can navigate the Dubai property market with confidence and make your dream of homeownership a reality.
Welcome to Neev Realty, your trusted partner in navigating the exciting world of UAE real estate, specializing in Dubai. Whether you’re a seasoned investor or a first-time homebuyer, we understand that your property journey is more than just a transaction.
info@neevrealty.ae
+971 4 347 1082
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