How To Write a Buyer's Guide and Why You Need One
Guide to buying your property in Dubai
This is a basic step-by-step approach to purchasing an apartment or villa in Dubai.
Step 1
Organise your financesSo many of us are guilty of beginning the purchase process by browsing through properties listed online, only to be disappointed when your dream home is well out of reach. Keep in mind that there are other fees to consider in addition to the deposit: transfer fees, agency fees, sales progression fees, mortgage arrangement fees, and mortgage insurance fees.
We recommend that you speak with a mortgage advisor to receive all of the information you need; they are professionals in their area and can walk you through all of the fees associated with purchasing your first property in Dubai. DevotionEstate has an in-house mortgage staff ready to take your call.
Step 2
Select a list of critical property qualitiesNow that you have a budget in mind, you may begin to compile a list of must-have home features such as the number of bedrooms needed, the driving distance to a school or business, and whether you want a villa or an apartment. Prepare to compromise! It is quite rare for a property to check every criterion, thus rank this list in order of priority.
Step 3
Understand the purchase process in Dubai.It is critical that you have your broker walk you through the full sale process in Dubai from beginning to end, including how to make an offer, the negotiation process, the documentation needed, the NOC, transfer appointments, and the handover. You are about to take a huge risk and maybe spend the most money you have ever spent, so do as much research as possible and ask every single question that comes to mind.
Step 4
ViewingsDuring the viewing process, keep an open mind and don't rule out a house based on one factor; your broker may be able to find a solution. It can be tough to see past decor that does not suit your taste, but it is critical that you do not focus too much on things that are readily changed. Purchasing a home is a big move, so ask your broker as many questions as you need to - they will be pleased to help.
Step 5
Make an OfferOnce you've located a house to buy, decide what you want to offer. Submit the offer to your broker, who will begin the bargaining process with the seller. This is the most nerve-racking time, but your DevotionEstate broker has it under control and will keep you up to date on every step.
Step 6
Sign the Agreement of SaleThe Agreement of Sale is the initial step in the creation of a formal agreement. It is a legally binding agreement between the buyer and seller that specifies the terms and conditions of the transaction, including each party's duties and responsibilities. Before proceeding to the transfer stage of the transaction, your broker will go over this with you to verify you are comfortable moving forward. The agent will produce a Unified Form F based on the broker's DLD REST App. This is a type of contract that is registered with the DLD.
Step 7
Sale ProgressionThe in-house sales progression team will be with you every step of the way to help you navigate the sale process and make it as smooth as possible, from the developer's No Objections Certificate (NOC) to the transfer. They coordinate between you as a buyer, the seller, the developer, and the banks involved, and with their years of experience, they are incredibly proactive and know the process thoroughly and out. To avoid delays, your sales progressor will ensure that all of your documentation are in order before proceeding with the procedure.