All the essential information you need to buy a home in Dubai before construction begins!
To begin with, you'll need to clearly define the type of investment you're considering among these choices:
■ Rental investment
■ Buying a primary or secondary residence
■ Buying a property to resell later
After that, you're going to have to make a choice between a villa, an apartment and the number of bedrooms. Whether your aim is to resell or rent out later, our experts can guide you on the ideal size and type of property. If you have a preference for a certain area of Dubai or wish to avoid certain locations, please let us know.
You'll also need to define your total budget, the amount of your deposit and how much you can afford to pay each month. The term of the loan should also be discussed. Some lenders allow payments after you've moved in, others do not. When calculating the total sum required, you should always factor in additional costs:
■ 4% Dubai Land Department fee (equivalent to notary fees)
■ Fees charged by the developer for administrative tasks: up to 1500f.
If you have a specific preference for how the developer would like payment to be made, for example using crypto-currencies, please let us know. Not all developers accept the same payment methods.
Your real estate agent will present you with investment formulas that meet the specific criteria set out in the first part. For each property, you will receive:
- a brochure presenting the property or community
- A commercial proposal including a floor plan of the apartment and details of the payment schedule.
- Photographs of the property or community
- Comprehensive location information (with Google Map details)
- Images and videos of the property's surroundings
- A video presentation (if available)
- A video tour of the property (if available)
This information can be shared with you via WhatsApp, email or Telegram, depending on your preference.
If you decide to visit the property, we will be happy to accompany you on a tour of the construction site and the surrounding area. It's worth mentioning that developers sometimes offer apartments to investors, and we strongly encourage you to visit them if the opportunity arises.
Are you interested in a property? Is it still available? Fantastic! If so, you're ready to make a reservation. The reservation process is entirely remote, easy, fast and secure. To reserve an apartment or villa in Dubai, you'll need to provide the following information:
- A copy of your passport
- Your home address
- Your e-mail address
- Your telephone number
If you are buying several properties, each future co-owner will need to provide this information.
To validate the deed of purchase of the apartment, our agency will of course ask you for a security deposit. The amount may vary from one developer to another, but is generally between 2,500 and 25,000 euros. We accept credit cards, cash, bank transfers and even crypto-currencies.
Once payment has been received and the necessary documents provided, you can sign the reservation form, called "Booking Forma".
When buying a property still under construction, developers often offer payment options. These options allow you to pay for the property in smaller amounts over a set period of time. As a general rule, the initial payment represents around 10-20% of the total cost of the property. In addition, you'll need to cover DTL fees (the equivalent of notary fees) and administrative costs (from 150 to 1,500 euros, depending on the developer). Payments can be made by credit card, cash, bank transfer, cheque (only from local banks) and, occasionally, crypto-currency.
The Purchase and Sale Agreement is the legal document for your property, whether it's an apartment or a villa. It has been reviewed by the Dubai Land Department to ensure that it complies with local legal requirements. You will need to sign two copies of the contract, either in person or digitally.
Once we have received the two signed SPAs, the developer is authorized to proceed with the registration of the real estate sale with the Dubai Land Department.
You will then receive your temporary title deeds (Oqood) by email and via the official Dubai Land Department. It is important to monitor your e-mail regularly once the SPA has been signed, and to keep a copy of the document.
After the property payment has been settled in full and the property has arrived at your location, you will obtain your final title deed, also known as a Title Deed.
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