First Figure Out The Basic Procedure

The process of buying a property in Dubai is quite straightforward. Any individual holding nationality of any country can buy a property in Dubai. The process seems to be a little daunting for the first timers. However, no matter where you are in the world, you just need to look out for a few legal formalities relevant to the real estate and then you are completely ready to own your dream property in the bustling Emirate of Dubai.

Research On What You Can Afford

Firstly, you have to decide whether you are going to mortgage the property? If yes, then you have to arrange 25% of the total amount as the down payment. Make a complete plan and calculate how you are going to pay your mortgage. Once you are done with this, you are ready to go

Look For A Trustworthy Real Estate Company

Look for an experienced real estate agency or company that can fully understand your budget and requirements. People who work in Real Estate have great knowledge of the ongoing market situation and they can guide and suggest you in a much better way.

Make An Offer For Your Favorite Property

Start looking for properties with real estate agents and if you find a property interesting, make a quick offer for it. The reason behind making an offer quickly is the forever changing and dynamic nature of the real estate market of Dubai.

Establish A Buyer & Seller Agreement

Once you and the seller have agreed on the offer that you made previously, the next step is to negotiate & outline the terms and conditions of the sale with the seller.

Apply For NOC And Effect The Transfer Of Ownership

The last legal and mandatory step of buying a real estate property in Dubai is meeting the seller at the developer’s office and applies for NOC (No Objection Certificate). The developer will then issue the NOC for a fee. Once the NOC is issued, meet the seller at the Dubai Land Department’s office and apply for the transfer of ownership.

Figure Out Your Wants And Requirements First

While buying off the plan, remember that your property hasn’t been constructed yet. That’s the reason you cannot view your property physically, but you can enjoy the benefits by making an investment in this type of property at a low price and buying the best unit of the project.

Look For A Real Estate Company Experienced In Buying Off Plan

An off plan property in Dubai is the easiest to buy among all other types of real estate. But hiring a real estate company that has relations in the off plan market can give you an outstanding advantage. Your agent will look after all the matters concerning the purchase of property and you will benefit from being in a trouble free state.

Find The Property That Matches Your Needs And Requirements

Find the best property that you have been dreaming about for years. Here, your agent will help you in looking and suggesting the right properties for you. Also, look for the material used and the facilities and amenities available there.

Make An Agreement

After you are done with finding the property that you want, go to the developer’s sales office and book the unit you want to purchase and sign an agreement with the developer for reservation of the unit.

5. Make Payments

Make the payments following the payment plan that you have agreed to – in the contract. Once you are done with making the payments, look for any issues in the property that need to be reported.

Search For Properties On the Internet

You can easily find a comfortable property open for rent by just searching on the internet. There are a lot of things that one must consider before renting a property in Dubai like amenities, community, connectivity and location of the property.

Find An Agent

Find an experienced and trustworthy real estate agent before renting a property. Take their advice as they are aware of the ups and downs of the real estate market.

Visit The Property

Once you are done with choosing the property that matches your needs and requirements, arrange an appointment for the viewing of the property. Make sure that the respective property is good enough to comfortably accommodate you and your loved ones.

Give An Offer And Sign A Contract

Once you have visited the property and assured that the property meets all your requirements, the next step is to finalize an offer. If you have any sort of uncertainty with the location or anything else, you can choose a short term contract instead which gives you more flexibility.

DEWA

Now, you have signed the contract with the landlord, the next step is getting the electricity and water connection from the Dubai Water & Electricity Authority. You can fill up the DEWA application online along with submitting relevant documents and paying a security deposit with it

Ejari

You will also need to register your signed contract with Ejari. It is one of the most important steps in renting real estate in Dubai as your contract and documents become legally acceptable in this process.

Finally, Move-In

You will need to submit an NOC before moving into an apartment. You will need to have the following to obtain NOC: –

Ejari Certificate

Passport of Tenant

Copy of your Contract

Move-in Form

Once you are done with all the aforementioned steps, you are ready to move into the property and start living a comfortable life.