1. Know What You Can Afford
Before anything else, set your budget realistically. Keep in mind:
4% Dubai Land Department (DLD) transfer fee
2% agency commission
Mortgage buyers must typically pay at least 25% down payment
Interest rates range around 3%–4% based on the bank and loan term
Need help? Your MK Real Estate consultant can assist you in mapping out total costs before you begin the search.
2. Get Mortgage Pre-Approval (If Financing)
If you’re taking out a mortgage, secure a pre-approval first.
This strengthens your position as a serious buyer and helps define your exact budget.
A bank will assess your financials and issue a pre-approval letter (valid for 60 days), confirming the maximum loan amount.
3. Choose the Right Real Estate Partner
Work with an experienced, RERA-certified agent who understands your needs.
The more transparent you are upfront — regarding budget, preferences, and property type — the faster and more accurately your agent can find your dream home
4. Start Viewing Properties
Your property consultant will shortlist communities and listings that align with your goals.
View multiple homes to compare neighborhoods, amenities, layouts, and pricing before you decide.
5. Make an Offer
Once you’ve found the right property:
Submit your offer in writing
Include a 10% deposit cheque (undated)
Attach copies of your passport and Emirates ID
These steps demonstrate your seriousness and give your offer more weight with sellers.
6. Sign the MOU
Once the offer is accepted, your agent will draft a Memorandum of Understanding (MOU) — also known as Form F.
Both buyer and seller sign the agreement, and the 10% deposit cheque is handed over and held safely with the broker until the transfer.
7. Sales Progression & Mortgage Process
If you’re using a mortgage:
The bank will arrange a valuation
After the valuation, the bank issues a Final Offer Letter (FOL)
If the seller has an active mortgage, the buyer must first settle the seller’s mortgage before applying for the NOC.
Pro tip: Have the seller request a liability letter from their bank immediately after signing the MOU, as this can take up to 2 weeks.
8. Apply for the No Objection Certificate (NOC)
All parties will visit the developer’s office to apply for an NOC, which is required for resale.
NOC fee: AED 500–5,000 (varies by developer)
The developer will inspect the unit and ensure no outstanding dues or unauthorized modifications exist
Some developers require a refundable buyer deposit, returned after submitting the updated title deed post-transfer
Processing time: 5 working days (average)
9. Transfer of Ownership at Dubai Land Department
With the NOC issued, all parties head to the DLD trustee office to complete the transfer.
Bring:
Manager’s cheque for the purchase price (payable to seller)
Manager’s cheque for 4% DLD fee
AED 4,000 (max) trustee fee
The buyer receives the new title deed and settles any pro-rated service charges with the seller.
Congratulations!
You’re now a property owner in Dubai.
MK Real Estate is here to support you throughout the journey — from shortlisting to handover — making the buying process seamless, secure, and stress-free.
