Expert advice from Goldsmiths Global Properties

As one of the world’s most prestigious business and lifestyle destinations, Dubai offers year-round sunshine, an unparalleled luxury lifestyle, and a thriving expat community. Whether you’re relocating or investing, buying property here is a promising step toward your ideal future.

At Goldsmiths Global Properties, we’re here to guide you every step of the way. Our 10-step home buying guide is designed to simplify your journey and provide expert insight from our Dubai-based property specialists.

Step 1: Organise Your Finances

Begin by setting a clear budget, factoring in essential costs such as a 4% transfer fee to the Dubai Land Department and a 2% agency commission fee. If you’re financing through a mortgage, a minimum 25% deposit is required. Mortgage interest rates typically range between 3–8%, influenced by the US Federal Reserve due to the AED being pegged to the USD.

Step 2: Check Your Mortgage Eligibility

If you’re considering bank financing, speak with a trusted mortgage advisor to assess your eligibility. Pre-approval can strengthen your offer and streamline the process. Our team can connect you with reliable advisors for the best rates and options.

Step 3: Choose the Right Location

Dubai offers a wealth of lifestyle communities and investment hotspots. From the waterfront elegance of Palm Jumeirah to the urban charm of Downtown, selecting the right area is key. Our Sales Consultants are ready to help you choose a location tailored to your needs and long-term goals.

Step 4: Define Your Property Criteria

Think about what matters most to you—be it number of bedrooms, smart home features, community amenities, or concierge services. Having clear criteria helps you focus your search and make efficient viewing decisions.

Step 5: Work with a RERA-Certified Broker

A registered broker is essential for ensuring a legal and seamless transaction. At Goldsmiths Global Properties, all our consultants are RERA-qualified and equipped to protect your interests from negotiation to transfer.

Step 6: Submit an Offer

Once you’ve found the ideal property, your broker will submit a formal offer on your behalf and negotiate terms with the seller to secure the best deal.

Step 7: Finalise the Offer

When your offer is accepted, a Memorandum of Understanding (MOU) is signed by both parties, outlining the agreed terms. You will be required to provide a copy of your passport, a 10% deposit held securely with the agency, and a PDC (post-dated cheque) for the broker’s commission.

Step 8: Review the Sales Agreement

Carefully go through the Sales Agreement to ensure all terms are clear and agreeable. This legally binding document confirms your commitment, so we recommend reviewing it with professional assistance.

Step 9: Obtain the No Objection Certificate (NOC)

Your broker will request an NOC from the property developer, confirming that the seller has cleared all outstanding dues. This process typically takes up to 7 working days.

Step 10: Complete the Purchase

The final step involves visiting the Dubai Land Department (DLD) to officially transfer the property to your name. You’ll receive your Title Deed, marking the successful purchase. Final costs include a 4% DLD transfer fee and an administrative fee capped at AED 4,000.

Ready to own your dream home in Dubai?

Contact Goldsmiths Global Properties today and let our local experts guide you toward the perfect investment.