BUYER GUIDE
DUBAI
This guide sets out essential information’s. Should not be used as a substitute lawyer legal assistant
Real Estate Law UAE
- The legal aspects are regulated by Real Estate Law No. 7 of 2006 – Land Registration Law
- Foreigners can buy properties only in areas designated for foreign property
- There are different types of property ownership: Freehold and Leasehold
Legal Steps to Buy a Property in Dubai
Buying a Property on a Mortgage
-You need to get pre-approval on a mortgage before signing the sale agreement
-Approval on the mortgage from the DLD is also required before applying for the NOC
-Extra fees include the Bank Mortgage Arrangement fees 1%, insurance, valuation…etc.
How Long do the Legal Steps Take?
Buying a house in Dubai can take approximately between 3 to 12 weeks
For the Property Transfer, you need to have:
- A manager’s cheque for the property price payable to the seller
- Emirates ID, passport of the buyer and seller
- The original NOC issued by the developer
- Signed Contract F – MOU
What are the Admin Costs Involved?
Dubai Land Department fees: 4%
Freehold District
Arabian Ranches | Palm Jumeirah | Dubai Marina | Downtown Dubai