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Bedrooms

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Bathrooms

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BUYING & SELLING PROCESS

We are passionate about what we do

Sales Progression Information:

Finance Buyer to
Finance Seller

Finance Buyer to
Cash Seller

Cash Buyer to
Finance Seller

Cash Buyer to
Cash Seller

Finance Buyer to Finance Seller

  • Buyer to obtain pre-approval
  • Sale agreement signed between the buyer and the seller
  • Valuation instructed on property
  • Valuation report received from the bank
  • Seller to apply for liability letter
  • Liability letter received
  • Final offer letter issued by the buyer’s bank
  • Final offer letter signed by the buyer
  • Buyer’s bank & buyer to settle the mortgage
  • Seller’s bank release clearance documents to the buyer’s bank
  • NOC applied for with the developer
  • NOC issued
  • Transfer booked with the buyer’s bank
  • Statement of payments to be prepared and issued
  • Transfer at Transfer Office

Finance Buyer to Cash Seller

  • Buyer to obtain pre-approval
  • Agreement of sale signed between the buyer and the seller
  • Valuation instructed on property
  • Valuation report received from the bank
  • Final offer letter issued by the buyer’s bank
  • Final offer letter signed by the buyer
  • NOC applied for with the developer
  • NOC issued
  • Transfer booked with the buyer’s bank
  • Statement of payments to be prepared and issued
  • Transfer at Transfer Office

Cash Buyer to Finance Seller

  • Agreement of sale signed between the buyer and the seller
  • Seller to apply for the liability letter – Statement of Accounts to be prepared and issued
  • Liability Letter received
  • Block property at Transfer Office – All Managers Cheques to be present including Land Department Fees
  • Once property is successfully blocked, Buyer to settle Seller’s mortgage
  • Sellers bank releases clearance documents to the agency
  • NOC Applied for with the Developer
  • NOC issued
  • Transfer time booked
  • Transfer at Transfer Office

Cash Buyer to Cash Seller

  • Agreement of sale signed between the buyer and the seller
  • NOC applied for with the developer
  • NOC issued
  • Transfer booked
  • Statement of payments to be prepared and issued
  • Transfer at Transfer Office
Documents Required at Appointments

NOC
Appointment

Transfer
Appointment

Obtaining an Expat
Mortgage in Dubai

Investor
Visa

Gifting a
Property

NOC Appointment

  • Buyers and sellers to be present
  • Buyer and seller – original passport with visas
  • Buyer – original final offer letter (finance buyer only)
  • Seller – original title deed/oqood/ownership document (agency or buyer’s bank will bring this if a finance seller)
  • Seller – clearance documents from the seller’s finance company

Transfer Appointment

  • Buyers:
    • Passport with visa
    • Final offer letter
    • Managers cheques/cash/personal cheque payments
  • Seller:
    • Passport with visa
    • Clearance documents
    • Original NOC
    • Original title deed

Obtaining an Expat Mortgage in Dubai

  • Typically you need to living in Dubai for 6 months before being able to get an expat mortgage.
  • You need to be a confirmed employee.
  • Mortgages can be obtained for a maximum tenure of 25 years up to the age of 65.
  • Mortgages are capped at 75% lending on a purchase price of AED 4,999,999 and 65% lending AED 5,000,000 and above on your first home. Maximum 60% lending allowed on any subsequent properties purchased.

Investor Visa

By investing in the UAE’s real estate market you get an opportunity to apply for an investor visa.
To be eligible for a UAE Investor Visa you must meet the following requirements:

  • Own a property in Dubai worth AED 1,000,000 or more. This must be the price at which the property was originally purchased, not the current market value.
  • Your property must be free from all liabilities, including mortgage, service charges, developer fees, and utilities.

To apply for your Investor Visa the process is as follows:

  • You must firstly obtain a Police Good Conduct Certificate, applied for through Dubai Police.
  • Settle any liabilities due on the property and have documented proof. Receipts for service charge payment, up to date DEWA & utility bills, and proof there is no mortgage on the property either with a clearance letter from the bank if you had a mortgage or your original title deed.
  • Once you have the above, you’ll need to visit the Dubai Land Department with your title deed, original passport, passport copy, a passport size photograph and AED410 processing fees.*
  • Dubai Land Department will take up to 1 month to issue the approval certificate, which will allow the property owner to apply for a trade license.
  • The approval certificate can be presented to the Department of Economic Development who will issue you your trade license at a cost of AED2,000* per year.
  • On receipt of the trade license you can approach Immigration Counters at the Dubai Land Department who will issue the two year investor visa. The cost of the visa is approx. AED 18,000* and AED 1,300* per person thereafter.
  • To obtain the visa you will need to complete the necessary medical examinations and provide the medical report to the Immigration Counter.

Please note the following:

  • If your property has a mortgage you cannot get an investor visa.
  • You can apply for more than 1 visa against the property once you obtain the trade license. However it has to be applicable to the property. i.e. a family of 5 cannot be sponsored by a 1 bedroom property.
  • *accurate at the time of writing. 09.01.14

Gifting a Property

As per rule you can gift your property to any first degree relative (spouse, parent, or child).
To do this you need the following documents:

  • Original ID (Passport with Visa)
  • Original Title Deed
  • Original Valuation Report from Dubai Land Department
  • Birth Certificate/Marriage Certificate translated and attested
  • Managers Cheque to Dubai Land Department

The process is as follows:

  • Request a valuation report from Dubai Land Department for your property (AED 1,000-AED4,000)
  • Prepare a Managers Cheque for 0.125% of the valuation report amount payable to Dubai Land Department
  • The named persons on the title deed will need to visit the Transfer Office with above documents
  • New title deed will be issued in the gifted person’s name

What our clients are saying

  • “A special thanks to you in facilitating this smooth transition as you have gone out of your way at times in helping close this deal.Best wishes” Jamshed Patel – Emirates Living

  • “It was a pleasant experience. I appreciate Philip’s promptness and flexibility throughout the entire process.Thank you.Have a wonderful day ahead.” Denise – Downtown

  • “Reece was exceptional when assisting my family and I with our property search. He listened to our requirements and did his upmost to source the most relevant options. He went above the call of duty making himself available on national holidays and his day off. He never failed to respond to my queries and comes across as a genuine professional which is not easy to find. I strongly recommend his service to anyone looking for a property. ” Fadi – Arabian Ranches

  • “The process with Devin and HMS was flawless. The apartment was selected out of 30 other apartments that i viewed with different agents.The entire process was smooth and done by the book!
    HMS delivered impeccable service from the purchase to leasing out of the unit.
    Regards,Akbar “

Pro-Active Agents

British Trained & Qualified Agents

RERA Certified Agents

Over 30 years Real Estate Experience