The process of buying a property is different in every country, but it is quite simple in Dubai. Our step-by-step guide will ensure your buying process is hassle free.
Properties in Dubai’s freehold areas can be purchased by any nationality, who is either based in or outside the UAE.
Once a property is finalised, the buyer signs the official RERA forms, followed by a Memorandum of Understanding (MoU) between the buyer and seller. A 10% deposit (in most cases) is paid by the buyer and held by the buyer’s agent until completion.
Talk to your agent and explain precisely what kind of property you are looking for as well as your lifestyle priorities.
Attend home viewings to inspect the properties. Always select a home based on your preferences and that best fits your budget.
The average transaction time is 30 days from the date on which the MoU is signed. However, the parties can mutually extend the agreed timelines.
Once a property is finalised, the buyer signs the official RERA forms. The buyer and seller then sign a Memorandum of Understanding (MoU), with the buyer providing a 10% deposit (in most cases), held by the buyer’s agent until completion.