How does the transaction happen when buying primary real estate from a developer in Dubai?
It is very easy to buy an apartment in Dubai.
You can also easily make remote purchases.
You don't have to fly to Dubai for a deal if you don't have the time or opportunity to do so.
You will receive all the documents for the execution of the purchase and sale agreement by e-mail.
Documents required for the transaction:
Passport
Email
and telephone number of the address of the actual residence (for sending the contract by mail)
How does this happen
1. The builder draws up a primary contract or a reservation, Booking form for you. After signing this agreement, your task is to make an initial payment within the time specified in the booking form. The fee may be different, it all depends on the developer and the conditions, on average it is from 10% to 20%After paying 20%, you pay to the DLD (Dubai Land Department, where your transaction is registered)4% tax on the cost of the apartment
2. After signing the booking form and paying the down payment, you will be sent the contract of sale itself, called the SPI document - pre-ownership agreement.
Further, the payment plan and amounts will be specified in the contract According to this plan, therefore, you make payments within the specified installment period.
Then, using SPI, you receive the keys upon completion of construction.
Stage 3
When the project is completed, the developer sends you an email notifying you that you can accept the apartment.
And hooray
After receiving the keys, you will be handed a document of final ownership - TITLE DEED
You can pay for an apartment in Dubai:
-Through banks under a purchase and sale agreement
-Using cryptocurrency (many developers accept crypto directly)
-In cash at the developer's office
It is very easy to buy an apartment in Dubai.
You can also easily make remote purchases.
You don't have to fly to Dubai for a deal if you don't have the time or opportunity to do so.
You will receive all the documents for the execution of the purchase and sale agreement by e-mail.
Documents required for the transaction:
Passport
and telephone number of the address of the actual residence (for sending the contract by mail)
How does this happen
1. The builder draws up a primary contract or a reservation, Booking form for you. After signing this agreement, your task is to make an initial payment within the time specified in the booking form. The fee may be different, it all depends on the developer and the conditions, on average it is from 10% to 20%After paying 20%, you pay to the DLD (Dubai Land Department, where your transaction is registered)4% tax on the cost of the apartment
2. After signing the booking form and paying the down payment, you will be sent the contract of sale itself, called the SPI document - pre-ownership agreement.
Further, the payment plan and amounts will be specified in the contract According to this plan, therefore, you make payments within the specified installment period.
Then, using SPI, you receive the keys upon completion of construction.
Stage 3
When the project is completed, the developer sends you an email notifying you that you can accept the apartment.
And hooray
After receiving the keys, you will be handed a document of final ownership - TITLE DEED
You can pay for an apartment in Dubai:
-Through banks under a purchase and sale agreement
-Using cryptocurrency (many developers accept crypto directly)
-In cash at the developer's office