Buyers Guide
Buying Guide: Steps to Your Dream Home
1. Set Your Budget
Determine your budget carefully, including all associated costs and fees.
Remember to reserve approximately 25% for the deposit. Keep an eye on
exchange rates, as fluctuations—especially if the US Federal Reserve makes
changes—could impact your overall costs in UAE Dirhams.
2. Check Mortgage Eligibility
Consult with a mortgage advisor to assess your eligibility. They can recommend
suitable mortgage products and secure pre-approval, making your home purchase
process smoother and faster.
3. Engage a Qualified Broker
Work with an experienced broker who can liaise with the developer and other key
parties on your behalf. Your broker will also assist during negotiations to ensure
the best possible deal.
4. Submit Your Offer
Your broker will help you submit an offer. To formalize your intent, an MOU
(Memorandum of Understanding) is drafted, outlining the terms and conditions of
the purchase, providing mutual security.
5. Review the Sales Agreement
Carefully read the Sales Agreement and ensure you fully understand and agree to
all terms. This legally binding document confirms your commitments and rights
6. Secure the No Objection Certificate (NOC)
Your broker will apply for the NOC from the developer to confirm the property has
been fully paid and is free of any outstanding charges. This process usually takes
up to seven working days.
7. Complete Ownership Transfer & Registration
After settling the payment and completing the transfer process, register the sale
with Dubai Land Department. Once registered, you will receive your Title Deed—
your official proof of ownership—allowing you to move into your new home
confidently.
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