The process of purchasing new-build property in Dubai explained step by step
More and more Dutch investors are discovering the opportunities offered by the real estate market in Dubai. The city is growing at an impressive rate, offers stable returns, and is known for its transparent regulations. However, the purchasing process is different from that in the Netherlands. At The Real Estagency Dubai, we guide you step by step so that you can invest with confidence in a market full of opportunities.
When a new project is launched, the process starts with the submission of an Expression of Interest, also known as an EOI. This is a refundable deposit that puts you on the waiting list for the official launch. The amount of this deposit is usually between €12,500 and €25,000, depending on the developer and the type of project.
After submitting the EOI, you will shortly receive the first information about the project, including floor plans and brochures. Together, we will look at which units best suit your wishes and investment goals. We will pay attention to factors such as location, view, floor, and, of course, the expected return.
On the day of the launch, things move quickly. Often, there is only 30 minutes to reserve a unit. The order of allocation is based on the waiting list: first come, first served. Thanks to our excellent contacts in Dubai, we can act immediately and ensure that you have the opportunity to make the best selection.
Even in the event of a cancellation or if you book an apartment directly from the available stock, the process is virtually the same. In that case, an EOI payment is also made first to temporarily reserve the unit. This is followed by the booking form with your details and property details, after which the purchase is binding upon signing. From that moment on, the EOI is deducted from the first payment and the process continues in the same way as with a launch.
The first payment usually consists of 20% of the purchase price, 4% transfer tax to the Dubai Land Department, and administration costs of up to 5,000 dirhams, which amounts to approximately €1,250. From that moment on, the payment plan will start. This plan varies per developer, but usually consists of several installments during construction and a final payment upon completion.
Within 3 months of purchase, you will receive the Sales and Purchase Agreement. This is provided digitally or physically, depending on the developer. We carefully check this agreement to ensure that all conditions are correctly recorded.
After signing, the purchase is officially registered with the Dubai Land Department. You will then receive the Oqood Certificate, the provisional proof of ownership during the construction phase. Once the project has been completed and all payments have been made, this document will be converted into the final Title Deed, the official proof of ownership of your property in Dubai.
At The Real Estagency Dubai, we guide you through the entire process. From the initial orientation to registration with the authorities, you can count on expert advice and full support. Thanks to our local presence and close cooperation with project developers, the process runs smoothly and transparently.
Investing in Dubai requires knowledge, timing, and trust. We ensure that you can count on all three.
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