Step-by-step guide for international investors
1. Choose a Project and Unit
Select the project and specific unit you want to purchase.
2. Submit Documents
Provide a copy of your passport and your contact information.
3. Make a Booking Payment
Receive a payment link from the developer to book the unit with a small initial payment.
4. Sign a booking form
After payment, you'll get a confirmation, and the developer will issue a booking form. Sign a booking form.
Now this is your initial document for your property.
5. Pay the first instalment and Land Department fees.
You have a couple of weeks to pay the first instalment and DLD (Dubai Land Department) fees - 4% of the property price.
There are different ways of payment:
✔bank transfer
✔cheques, including third-party cheques
✔some developers accept cash ✔some developers accept crypto.
6. Sign Sale Purchase Agreement (SPA)
Once the payment is complete, the developer will issue the SPA. In some cases you can get it immediately, in some cases SPA will take a few months.
Now SPA is commonly signed through Docusign online. Then a physical copy is shipped to you if you live abroad.
We will instruct you about this process with the developer you’ve chosen.
7. Now you are property owner!
After developer registers you at DLD, you will get a document proving your ownership. While property is during construction, this document is called Oqood. Once the property is ready, Oqood is replaced with the Title Deed.
8. Follow the Payment Plan
Continue paying instalments according to your payment plan.
9. Resell Anytime
You can resell the property at any time. If the property is under construction, you can resell after making payments according to the SPA. Typically, reselling is possible after 40% of the payments are made.
