Legal Procedures for Buying Property in Dubai
Buying property in Dubai is a rewarding investment and a lifestyle choice. To ensure a secure and smooth transaction, it's essential to understand the legal steps involved.
Key Legal Steps:
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Choose a property and verify its legal status
Ensure the property is registered with the Dubai Land Department (DLD) and free from any disputes or mortgage issues. -
Sign a Memorandum of Understanding (MOU)
An initial agreement outlining the sale details, payment terms, and timeline. -
Pay the deposit (typically 10%)
A deposit is paid upon signing the MOU to confirm the buyer’s commitment. -
Get NOC from the developer (if applicable)
Required for properties in projects, the No Objection Certificate ensures no outstanding dues. -
Transfer ownership & pay registration fees
Ownership is officially transferred at the DLD, with a 4% fee paid on the property’s value.
Important Notes:
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Deal only with licensed brokers.
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Always review contracts with a legal advisor.
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Never make full payment before signing legal agreements.