Emaar Business Park Building No. 3, First Floor, P.O. Box 125400, Dubai (UAE)
If you’re looking at setting up a mortgage on your property, you need to know what value you qualify for. This is dependent on your income and the type of mortgage you want.
Are you looking to buy to rent as an investment or secure long-term capital appreciation as an end user? Figuring this out will help you select the type of property you wish to buy along with choosing the right location.
You'll need one during the property finalization for the payments, and after the purchasing process for other transfers.
Ask your consultant about all the fees and charges applicable in addition to the basic property price advertised.
This will depend on: a. Whether you plan to live in your property long term b. Where do you really want to live c. What you can afford or d. What’s right for your investment.
Conduct some research on prices for comparable properties in the area you’re looking to purchase so that you don't pay over the odds.
It's rare to find perfection, so keep to your list and don’t lose focus on what’s important. Bring a notepad to each viewing, and take photos for reference. Make a snag list to ensure all issues are addressed by the seller.
For an individual buyer:
1. Passports | 2. Signed Buyer Agreement known as Form B For a company:
1. Certificate of Incorporation 2. Memorandum and Articles of Association 3. Board Resolution 4. Power of Attorney 5. Signed Buyer Agreement known as Form B
For an overseas company:
1. All of the above must be attested by the UAE Embassy 2. Signed Buyer Agreement known as Form B
Once you have identified a property you’re interested in, submit your offer to the consultant who will then communicate your offer to the seller.
If your offer is accepted, you’ll need to submit a copy of your passport to your agent to start drawing up the buying process.
Ensure you understand the commitments you're taking on prior to signing
Ask your consultant when you can expect to receive the full title deed, which usually takes a few months to process. When these documents have been completed and returned by the local registry office, you will officially become a property owner in Dubai.
At the stage of drafting the Sales & Purchase Agreement (SPA), consult a lawyer to ensure all essential factors are stated in the same to avoid any conflict in the future.
An award-winning, premium real estate company in Dubai, we at Hamptons International offer an extensive portfolio of properties. With over 150 years of experience, our expertise comes unrivaled, and our services in Residential under-construction and ready properties in Dubai come unmatched.
We are partners with premium property portals and have also been recognized under the “House of Superagents” category by Property Finder, owing to out expertise and prompt assistance. When you choose us to buy an apartment, townhouse, villa, or penthouse in UAE, you choose years of experience. Come, get in touch with us and experience a seamless property purchase experience in Dubai.