With the spotlight of the world on the fastest growing destination on earth, now is the time to consider buying property in Dubai. The scale of development, the depth of imagination and the degree of innovation that characterise the property market here means that the ideal home is available to all. From luxury one-bedroom beachfront apartments, through to smart urban townhouses and lavish water villas, a residence exists to suit every pocket and lifestyle.

Browse through the numerous projects featured on this site and you will see that most have been developed as complete communities, with luxury leisure facilities and a range of amenities including retail and dining options. Whether looking for a holiday home or a permanent residence, potential buyers will be impressed both by the range and quality of properties available.


What happens now that I'm interested

Purchasing property in Dubai is a slightly different scenario to purchasing in other countries. Here you must have everything in place in order to finalise your purchase. The following information is to help guide you through the process and hopefully avoid any disappointments.

When your consultant makes contact with you, feel free to ask him or her anything about the property and the purchasing process. However, this information strives to answer the most common questions.


Cash

If you intend to purchase with cash, please ensure that this is in the U.A.E. The transfer of money into the Middle East from other countries often takes longer than expected. Please advise us if you have money to transfer and how long you expect this to take. We also recommend that you speak with Travel Ex - their contact details can be obtained from your consultant. You may transfer money into your own local bank account, a solicitor's ESCROW (client) account or directly into a Real Estate Account.


Finance/Mortgages

If you intend to purchase with a mortgage please obtain Pre-Approval from a finance company before we begin the search for your ideal property. Please advise us of which finance company is providing your mortgage (a list of recommended lenders can be found on this site. We will need to send them details of your intended purchase. In the finance section of this website you will find the standard Finance Company Requirements.


Deposit

Once you are convinced this is the property for you, it is necessary to offer the Owner a deposit to hold the property at the agreed price (this is normally around 5 to 10% of the Sale Price). We will prepare a Reservation Contract which binds you, the Purchaser, and the Owner together. This is necessary to safeguard your deposit money and ensure that both parties are clear of each other's commitment to the intended purchase. It will also describe when transfer of ownership will take place, you must be ready with your finances in place to meet this date.

We will hand your deposit over to the owner of the property ONLY when the owner has signed the Reservation Contract and we have received the Owner's original Sale and Purchase agreement from the


Transfer

When you are given a transfer date, please ensure that you are available on this day. If the property is to be purchased in more than one name, all parties must be present on the Transfer date. If you are not available to attend the transfer personally then please speak to your consultant about arranging Power of Attorney to a nominated person.


Your consultant will advise you of the location of the transfer and you will need the following with you:

» All passports of new owners.

» All cheques as per Completion Schedule attached to Reservation Contract or payment schedule. Please ensure that these are in    the form of Manager's Cheques.

» PLEASE LIAISE WITH YOUR FINANCE COMPANY ON A REGULAR BASIS.

» PLEASE ADVISE YOUR CONSULTANT OF ANY SUSPECTED DELAYS.