Buyer’s Checklist

It is a major choice on whether or not to purchase a property in Dubai. You presumably have such a large number of inquiries like...

When is a decent time to purchase a property in Dubai?

Where is the best place to purchase a property in Dubai?

Is it an insightful venture?

What is expected when purchasing a property in Dubai?

How would I get a home loan in Dubai?

There are three important strides before beginning your property search in Dubai:

1. Find a Reputable Real Estate Company Agent?

  • Verify the Real Estate Company has a valid ORN number from the Dubai Land Department
  • Verify the Real Estate Agent you are working with has a valid RERA ID number from the Dubai Land Department
  • Locate a Real Estate Agent who is an Area Specialist in the range you need to buy.
2. Know your Budget

When obtaining a property in Dubai, there are different transaction fees connected with buying a property, for example, transfer charges and real estate commissions. These expenses ought to be a piece of your count when you are making your financial plan.

Hunt down the right Mortgage that suits your needs

On the off chance that you are getting a home loan, know how much your regularly scheduled installment will be by utilizing our Mortgage Calculator

You ought to likewise be mindful of your Debt Burden Ratio (DBR) and the amount you can stand to pay month to month.

3. Know the Area you want to purchase in:

You need to discover a range which is helpful for you and your driving time to work and/or school. In Dubai, traffic can congested; with this in mind, you need to locate a home which is effortlessly available to open transportation. We highly suggest that you drive around the different regions that you are considering during peak traffic activity to get a thought on how your drive will be like. You additionally may need to consider the accompanying:

  • What kind of living do you need? Downtown, urban way of life or rural expert arranged group style?
  • Villa or Apartment?
  • Do you oblige a completely furnished or empty rental? On the off chance of a Hotel Apartment,, do you oblige a serviced apartment?
  • Is it pet-friendly?
  • Size versus Location – Are you willing to live farther or in an up and coming group and appreciate a bigger home or would you say you are fine with living in set up, attractive ranges in a smaller unit?
  • Home and Neighborhood Amenities
  • It is highly recommended that you find an Agent who works in the territory you are looking in. An Area Specialist will have the capacity to give you a legitimate Market Analysis which will help you settle on an educated choice.
Documents required when purchasing

Individual – UAE Resident

  • Original Passport + copy
  • Valid Visa
  • Recent utility bill showing address (DEWA, Du, Etisalat)
  • Current Lease or Certificate of Title
  • Signed Buyer Agreement known as Form B
  • Signed Purchasing Agreement known as Form F

Individual – Non UAE Resident

  • Original Passport + copy
  • Recent utility bill showing address
  • Signed Buyer Agreement known as Form B
  • Signed Purchasing Agreement known as Form F

Overseas Company

  • The following must be attested by the UAE Embassy:
  • Certificate of Incorporation
  • Memorandum and Articles of Association
  • Board Resolution
  • Power of Attorney
  • Signed Buyer Agreement known as Form B
  • Signed Purchasing Agreement known as Form F

Your Real Estate Agent will complete Form F which is RERA's approved Purchase Agreement between buyer and seller.

At this point, the selling process normally takes about six to eight weeks and will vary depending if you are cash or financed buyer.

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