Buyer's Guide to Dubai
On decided on a property you will be asked to make a reservation payment. This payment may be non refundable so you need to ensure any funding requirements are available for completion.
There are no government purchase costs but the seller will make a charge for transferring property and this can vary from seller to seller so you need to understand the cost implications of your specific property.
It is wise to appoint an independent lawyer to act on your behalf as there are still some title issues in Dubai on certain properties and developments. The development should be government approved.
Other Important points to consider
Mortgages in Dubai are in their infancy with very few suppliers. It is important to look for approval in principle of you are not a cash buyer early in the process to ensure you will have access to funds for completion.
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If you have any questions about buying property in Dubai, contact us today via this website.
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Want to buy in Dubai, but not a resident? Find out about our Dubai mortgage products.
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