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How Long Does It Take to Complete a Property Purchase in Dubai?

The property purchase process in Dubai typically takes 30 to 60 days, depending on factors such as financing approval and document readiness. Mortgage approval, developer clearances, and other factors can affect the timeline.

The property purchase process in Dubai usually takes 30 to 60 days, though the timeline may vary based on several factors, such as financing approval, developer clearances, and documentation readiness. Below is a detailed breakdown of each step and how long it typically takes:

  • Finding the Property (1-2 Weeks): The first step involves searching for the right property that meets the buyer’s preferences and budget. This can take 1 to 2 weeks, during which the buyer conducts property viewings and discusses options with sellers or agents. Working with an experienced real estate agent can streamline the process by providing curated recommendations.
  • Signing the Memorandum of Understanding (MOU) (2-3 Days): Once the buyer and seller agree on the terms, both parties sign a Memorandum of Understanding (MOU). The MOU outlines the price, payment terms, handover conditions, and any other sale terms. At this point, the buyer pays a 10% deposit to secure the property.
  • Mortgage Approval (2-4 Weeks): If the buyer is using a mortgage, the approval process typically takes 2 to 4 weeks. The buyer must submit supporting documents such as bank statements, salary certificates, and property valuations. During this time, the bank evaluates the buyer’s financial eligibility and issues a mortgage approval letter. Cash buyers can skip this step, significantly shortening the timeline.
  • Obtaining the No Objection Certificate (NOC) (5-7 Days): For properties in managed developments, the seller needs to obtain a No Objection Certificate (NOC) from the developer. The NOC confirms that there are no outstanding service fees or financial obligations on the property. This process usually takes 5 to 7 days, though it can be faster if there are no pending liabilities.
  • Transfer of Ownership at the Dubai Land Department (DLD) (1-2 Days): The final step is the ownership transfer at the Dubai Land Department (DLD). Both the buyer and seller (or their representatives) must attend to complete the transaction. The buyer pays the 4% transfer fee, and the title deed is issued, confirming the buyer as the new owner.

Factors that can affect the timeline include mortgage delays, developer approvals, and off-plan purchases. Consulting with a real estate expert can help streamline these processes and avoid common pitfalls.