Buying Guide

For first-time home buyers, the process of purchasing a house or other property might be intimidating. There are some legal issues of real estate investment that you should be aware of no matter where you are in the globe.  Let's have a look at how to purchase real estate in Dubai. Examine the legal processes that must be undertaken in accordance with real estate laws for this purpose


The Law for Buying Property in Dubai

The Real Estate Law No. 7 of 2006: Land Registration Law governs the legal issues of purchasing a property in Dubai.

Article (4) of Law No. 7 of 2006 specifies who can buy and own property in Dubai. According to the law, you can buy real estate in Dubai anyplace if you are:

  • UAE Citizen
  • GCC Citizen

Foreigners can also acquire houses under the same law, but only in selected locations. In Dubai, foreigners can own freehold or leasehold property. Buyer rights are the main distinction between freehold and leasehold property ownership in Dubai.

When you purchase a residence on a leasehold basis, you will have property rights for a specified amount of time. When you acquire a freehold home, you will have entire ownership of both the property and the land on which it is built.


Guide in Buying Real Estate in Dubai

  1. Know your budget

    Many of us have been guilty of beginning the house-buying process by looking at properties posted online, only to be disappointed when our dream home is out of our price range. Remember that the deposit is not the only charge to consider; there are also transfer fees, agency fees, sales progression fees, mortgage arrangement fees, and mortgage insurance expenses to consider.
  2. Buyer and Seller contact agreement

    The first step after finding the suitable property is to negotiate and specify the terms of sale with the seller. When you and the seller agree on the conditions of sale, be sure there are no misunderstandings about the selling price, manner of payment, or any other vital issues.
  3. Sign the agreement of sale

    Signing the sale agreement, also known as the Memorandum of Understanding, is the next stage in purchasing property in Dubai (MOU). It is a contractual agreement between the buyer and seller that outlines the terms and specifics of an agreement, including each party's needs and responsibilities. 
  4. The Process of Sale Progression

    Mada Properties will be there for you every step of the way, from the developer's No Objections Certificate (NOC) through the transfer, to make the process as simple as possible for you. They operate as a liaison between you, the buyer, the seller, the developer, and the banks involved, and with their years of expertise, they are incredibly proactive and know the process thoroughly and out. To prevent delays, your sales progressor will double-check that all of your documentation are in order before starting the process.