Buying steps for resale property from seller

8/31/20252 min read

The process for purchasing a resale property from another seller involves several distinct steps:

1. Viewing or Inspection of the Property

Use a RERA-licensed agent for property viewings. Avoid multiple agents for the same property to prevent commission disputes. Ensure the seller has a valid title deed. For authentication, you can use the Dubai Land Department’s services.

2. Agreement of Sale or MOU

A deposit, usually 10% of the sale value, is paid to the seller. If buying directly from the developer, brokerage fees typically don’t apply.

3. Securing Financing

Clear any existing mortgage or payments on the property. If using a new mortgage, the buyer’s bank will conduct a valuation. Foreign buyers usually need a 25% down payment.

4. Obtaining a No Objection Certificate (NOC)

The seller must obtain a NOC from the developer. Ensure all maintenance and service fees are paid. The NOC may involve a nominal fee, and a refundable deposit might be required by the developer.

5. Registration with Dubai Land Department (DLD)

Both buyer and seller must be present to complete the registration. If unable to attend, a power of attorney can represent them.

6. Final Payment and Additional Fees

Make the final payment and cover additional fees:

a. 2% brokerage fee to the real estate agent

b. 4% transfer fee to the DLD (usually split as 2% from buyer and 2% from seller)

c. Approx. AED 4,000 registration fee to the DLD for properties over AED 500,000

d. Approx. AED 500 fee to the DLD for issuing the title deed

e. Mortgage registration fees to the DLD (0.25% of the loan value, if applicable)

Be prepared to pay any annual or pro-rata maintenance/service fees to the developer or owner’s association.

7. Issuance of the Title Deed

The title deed, issued by the DLD, confirms ownership. Once issued, the keys are handed over to the buyer.

After the purchase, update ownership records with DEWA (Dubai Electricity and Water Authority). The seller’s signature might be needed, and a new connection fee will apply.

Sources Credited:

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