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The Process to Buy a Property in Dubai


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The popularity of Dubai has been on the rise for the last many years. A huge number of people flock towards this emirate to find professional and entrepreneurial opportunities. The recent announcement of 100% company ownership has also opened up more avenues for investors and entrepreneurs.

Experts believe that the number of ex-pats in the emirate is going to rise further. This, in turn, will impact the property market directly as well. Consequently, the demand for residential properties is expected to rise.

So, if you have been planning to buy a property in Dubai but holding your decision for some reason, now is the time to take the plunge. Property prices in Dubai are recovering after the COVID-19 setbacks, and with EXPO-2020 round the corner, they are expected to increase in the 3rd and 4th quarters of 2021.

With that said, let’s take a look at the process you need to follow to buy a property in Dubai:

Decide the Type of Property in Dubai

You can find various types of residential properties in Dubai. Choose the one that falls within your budget range and meets your requirements. You can choose from apartments, townhouses, penthouses, villas and duplexes. Our recommendation will be to choose a waterfront development, provided your budget allows. These properties are always higher in demand and boast a distinctive and pleasant aura.

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Arrange Your Finances

Another preliminary step is to arrange your finances. Bear in mind that the property prices in Dubai tend to be on the higher side. Hence, there are high chances that you will need a home mortgage loan to buy one. So, make sure everything’s ready before you start your property hunt. It’s important that you get a pre-approval letter in advance so that you could know about your maximum spending limit.

Also, remember that you would need to have a decent credit score for your loan application to be approved. This is why it is important that you pay your bills in time and there shouldn’t be any outstanding dues at the time of applying for the loan. You can always apply for a loan from a private lender if the bank rejects your application. But, remember the fact that they charge a high rate of interest.

Hire a Real Estate Agent

This brings us to our next point – hiring a real estate agent. It’s an integral part of the home buying process, particularly for first time home buyers. A professional and experienced real estate agent will not only provide you with property listings after thoroughly understanding your requirements but can also guide you through the entire home buying process

Check Listings & Decide a Property

The next step is to check listings for the type of property you want to buy. If you have hired a real estate agent, they will provide you with the listings. Or you can check different property portals for the same purpose.

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Narrow down your list to few properties and choose the best out of the lot. Make multiple visits to the selected property and inspect every nook and cranny. This will help you to know if there are any flaws or issues in the property that the owner is trying to conceal.

Once you’re satisfied with everything, negotiate the price with the owner. If both parties agree on the same price, proceed ahead to the following steps.

Draft & Sign Sale Agreement

In this stage, a buyer and seller agreement is drafted. It contains terms and conditions decided by both parties. Next, you must sign this document to proceed further.

Other than that, you will have to sign the memorandum of understanding (MOU) as well. It is done at the Registration Trustee office in the presence of the agent, who acts as a witness. The buyer is also required to pay a 10% deposit during this step.


The next step involves getting a NOC from the developer. This step is performed to make sure that the property is cleared from any pending service charges or debts.

Transfer of Ownership

This is the final step that closes the deal for both the seller and the buyer. It takes place at the DLD office where the ownership is transferred to the buyer.

Note: If you’re buying an off-plan property, the process may be a little different. You need to contact the developer to buy the property and they will explain everything to you. However, make sure that you’re choosing the right development. For those planning to buy a property in Dubai, Stella Maris tower can be the right choice. It’s a luxury development that promises to yield high profits.  

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Final Thoughts

In all, the process to buy a property in Dubai doesn’t involve a lot of complexities. However, if not handled carefully, it can become quite complicated. So, right from choosing your property to arranging the required documents, everything should be done tactfully.

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