Buyers Guide
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A Step-by-Step Guide to Buying Property in Dubai with LUXFolio Real Estate
Buying a property in Dubai is a significant investment, and having the right support can make a huge difference to your experience. With LUXFolio Real Estate, one of Dubai’s most trusted agencies, you’ll have expert guidance every step of the way. Whether you’re looking for an apartment, townhouse, or villa, this guide will walk you through the process to make it as smooth as possible.
Before you start looking at properties, you need to know your budget. It’s easy to fall in love with a property online, only to realize later that it’s out of reach financially. Remember, your deposit is just one part of the cost. You’ll also need to consider transfer fees, agency fees, sales progression fees, mortgage arrangement fees, and mortgage insurance fees.
We recommend consulting a mortgage advisor as they can provide you with a clear breakdown of all the costs involved in buying your property.
Once you have set your budget, create a list of must-have features for your new home. Think about what’s most important to you, whether it’s the number of bedrooms, proximity to work or school, or whether you prefer a villa over an apartment. Be prepared to compromise, as it’s rare for a property to tick every box.
This is key to a successful property purchase in Dubai. Your LUXFolio Real Estate broker will guide you through every stage, from making an offer and negotiating, to handling paperwork, obtaining the NOC (No Objection Certificate), setting up transfer appointments, and finalizing the handover. Buying property is a major financial decision, so it’s essential to do your due diligence and ask as many questions as you need along the way.
When it comes time for viewings, keep an open mind. Don’t rule out a property just because of one minor issue as often, small things like decor can be easily changed. Your broker may also have creative solutions for any concerns you have. Be sure to ask your LUXFolio Real Estate agent all the questions you need to feel comfortable and confident about your decision.
Your LUXFolio broker will help you determine the best offer to present to the seller and will negotiate on your behalf. This can be the most nerve-wracking part of the process, but your broker will keep you informed every step of the way and ensure everything is handled smoothly.
The Agreement of Sale is a crucial part of the property purchase process. This binding agreement outlines the terms of the sale and the responsibilities of both the buyer and the seller. Before moving forward, your broker will carefully go over the details with you to make sure you’re fully comfortable with the agreement. At this stage, the agent will generate a Unified Form F from the DLD (Dubai Land Department) REST App, which acts as a formal contract registered with the DLD.
At LUXFolio Real Estate, our dedicated sales progression team is here to make sure the entire process goes smoothly. From getting the No Objection Certificate (NOC) from the developer to coordinating with the seller, banks, and everyone else involved, we’ve got it covered. Our experienced team will handle the details, keep everything on track, and ensure all your paperwork is in perfect order so you can avoid any unnecessary delays. With us, you’re in good hands every step of the way.
