Steps to buying a property in Dubai

Steps to buying a property in Dubai

The process of buying a property in Dubai has been greatly streamlined

Strong demand continues to drive prices higher in apartment communities across Dubai. - KT file

By Michael Adele/Realty Bytes Published: Thu 27 Apr 2023, 5:20 PM Last updated: Thu 27 Apr 2023, 5:21 PM

Could you explain the steps to buying a property in Dubai? I am a British expat who is new to the country. I am confused by the jargon thrown at me by property agents about buyer-seller agreement, land department registration, Ejari and others.

The process of buying a property in Dubai has been greatly streamlined and made much smoother thanks to the implementation of innovative processes and functions. Once a seller accepts a buyer’s offer, both parties sign a unified form that combines the selling and buying documents. If the buyer is obtaining a mortgage, the property undergoes a valuation to ensure its value is justified, and a valuation report is produced if the price is deemed appropriate. With the Final Offer Letter, the mortgage funds are released to the seller.

To proceed with the transfer of ownership, the seller applies for a Non-Objection Certificate to confirm that the developer approves of the buyer’s purchase and that there are