The process of buying a property is different in every country, but our guide steps to assist, led step-by-step guide will ensure your buying process is hassle-free.
Understanding the timeframe and procedures involved in property acquisition is essential for a smooth buying experience in Dubai.
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 the buyer has finalized a property, they must sign official forms issued by RERA. The buyer and seller sign a memorandum of understanding (MOU) with the broker collecting a 10% deposit.
Approval from bank requires documents like passport copy, visa, Emirates ID, salary certificate, bank statements, and title deed.
Once approved, the buyer gets NOC after clearing outstanding service charges. The developer then issues transfer papers, and both parties appear in person for title deed registration.