Key Documents Needed for Buying or Selling a Property in Dubai

Not having the right paperwork in Dubai can compound your problems with delays, added expenses, or under-successful deals. As you understand what documents you need and what they are for, you will have a seamless experience. We will give you all you need to confidently buy, sell, or invest in Dubai property.

Documents Required for Buying Property in Dubai

If you are planning to purchase property in Dubai, the following documents are mandatory:

• Passport and Emirates ID:

You must verify your identity and prove that you are living in the United Arab Emirates.

• Sale contract: 

Specifies price, payment schedule and obligations of the deal.

• No Objection Certificate 

Indicates that the developer does not owe the property any money in the form of dues.

• Proof of payment

Receipts of bank transfers, cheques or other evidence of agreed payment.

• Original Title Deed

It certifies the ownership of the property.

• Verification Documents 

Valuation reports, mortgage approvals and permits are included.

• Power of Attorney 

The authorities are representative to finish the transaction instead of you.

Cost for Buyers

• Dubai Land Department (DLD) Fee: 

4% of the property value.

• Title Deed Issuance Fee: 

AED 580.

• Trustee Office Fee: 

Depends on the property value between AED 4,000 and AED 8,000.

• Real Estate Agent Commission: 

Usually, 2% of the property cost.

The Documents Required for the Selling of Property in Dubai

Selling a property involves proving ownership and clearing any financial liabilities. The mandatory documents required for selling the property in Dubai are as follows:

Original title deed:

It brings that into the real world as buyers confirm property ownership.

Passport and Emirates ID

Identifies the seller.

Clearance Certificate:

Brings no outstanding service charges or utility bills.

Sales Contract 

Finally, it Lays down the agreement between the buyer and the seller.

No Objection Certificate:

If the property is selling, a developer is on the property.

Cost For Sellers

Real Estate Agent Commission: 

It will be 2% of the property value or as the agent agrees.

Mortgage Release Fee: 

Optional Charges are AED 1,000 to AED 2,000.

How to Add Property in Dubai Online

Property registration is under the regulatory purview of the Dubai Land Department (DLD). The documents required include: 

• Signed sale contract
• NOC from the developer
• Original Title Deed
• Both Party Identification Documents
• Proof of Payment 

Property Registration

• DLD registration fee: 4% of the property value.
• Trustee office fee: AED 4,000 to AED 8,000.

This process can be done in a single day if all the documents are in order. 

Dubai Real Estate and Foreign Investment

If you are a foreign national, you can buy property in freehold areas such as Downtown Dubai, Palm Jumeirah and Dubai Marina. Key requirements include:

Passports

• Proof of Funds:

Bank Statements and Investment Capital Roof

• Residency Visa: 

Some developers may need this.

• Business License:

When purchasing under a company’s name.

Foreign buyers must obey the laws regarding freehold ownership in the UAE. It is recommended that they work with a legal advisor to follow the regulations.

Understanding Mortgage Financing Documentation

For buyers using mortgage financing, additional documents are required:

• Proof of Income: Salary certificate tax returns or audited business financials.
• Bank Statements: Usually, the last 6 months.
• Employment Contract: For salaried professionals.
• Mortgage Pre-approval letter: From the financing Bank.

Mortgage Cost:

• Valuation Fee: AED 2500 to AED 3000.
• Mortgage Registration Fee: AED 290 and 25% of the loan amount.

How long does the process take?

Property transactions in Dubai typically take up to 10 weeks, depending on factors like

• Mortgage approvals 
• NOC Issuance 
• Title Deed Transfer

Common Pitfalls to Avoid Incomplete Documentation

• Incomplete documentation: Make sure all the paperwork is filled out & signed correctly
• Unverified information: Check details of the property and credentials of the buyer or seller.
• Ignoring deadlines: Fines may be threatened, or delayed submissions or deals may be cancelled.

Conclusion

This puts Dubai's real estate market in the spotlight. It is blessed with huge avenues, but if everything is not documented well and the processes are not smooth, then you are doomed. Partnering with a trusted agency like Better Homes Real Estate makes the journey easy. With their help, you get hands-on experience in the renowned Valley and are presented with thorough guidance and legal support if you buy, sell, or invest in Dubai Real Estate.

Read more about the Top 3 tips when choosing a property management company if you own a property in Dubai.