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Secondary Buying Guide

Consider the affordability factors such as agency fee (2%) and transfer fee (4%)
Calculate your budget carefully, including down payment and interest on mortgage
Get pre-approved as a finance buyer to establish your budget and strengthen your position
Find a trustworthy real estate agent and company to assist you
Provide detailed information about your budget, preferences, and requirements to your agent
Schedule appointments to view properties that align with your budget and requirements
Submit your offer in writing with a 10% deposit check for higher acceptance chances
Sign a Memorandum of Understanding (MOU) once the offer is agreed upon
Proceed with the sales progression process, involving the bank for mortgage-related steps
Apply for the No Objection Certificate (NOC) at the developer’s office
Pay any necessary fees and settle outstanding service charges
Transfer ownership at the Dubai Land Department office
Make payment via a manager’s check for the purchase price, transfer fee, and administrative fee
Receive a new title deed in the buyer’s name
Settle any overpaid service charges between the buyer and seller on a pro-rata basis.