General Guide For Buying

AGENCY FEE

Is the fee payable upon closing the deal, and it is 2% of total price.

TRANSFER FEES

Developer administration fees and Land Department purchase registration fee will always apply and is 4 % of the sale amount. Additional finance charges may apply if you are financing the purchase. Please check with your financial institution for more information.

DOCUMENTS REQUIRED FOR A PRIMARY MARKET TRANSFER

  • Application Form. Admin fee (depends on Master Developers' fee)
  • Passport Copy of Transferor & Transferee (with originals for verification)
  • CIS (Customer Information Sheet)
  • Installment Payment Receipts.
  • Original Agreement of Sale, if applicable
  • Discharge of mortgage release letter (if property is mortgaged by Transferor).
  • Loan approval letter and loan offer (if property is going to be mortgaged by Transferee)
  • Fees payable to Land Department with Primary Transfers (refer to Primary Transfer Fact Sheet).

BY A COMPANY

  • Certificate of Incorporation
  • Memorandum and Articles of Association
  • Board Resolution Power of Attorney

BY AN OVERSEAS COMPANY

  • All of the above must be attested by the UAE Embassy.
  • DEWA (Dubai Electricity & Water Authority)
  • For details of connections and transfers, visit www.dewa.gov.ae or call +971 4 324 4444.

DISCLAIMER

This information is provided as a general guide only. All specific details need to be confirmed with the individual organisations at the time of purchase.

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