Sales Conveyancing

buying or selling a property in Dubai involves much more than just finding the perfect space; it requires navigating complex legal processes too. the conveyancing stage can be daunting, which is why we provide a comprehensive conveyancing service so that you have peace of mind throughout your transaction.

sales conveyancing

form

the first step in legally proceeding with the purchase of property or land is signing a unified contract formally known as the ‘form f’. the form f is a digital form and is sent via the Dubai land department’s website. within this form, you can expect to see the details of the purchase including requirements, responsibilities, and associated costs. backing out is costly, which is why it is crucial to work with an experienced conveyancer who can guide you appropriately.

valuation

if the buyer is buying with a mortgage, they will need to pay for the property to be valued, This is something that the bank will insist upon before lending on the asset. the seller will need to support and ensure that access to the property is available for the valuation to take place. following a successful appointment, the valuer will then provide the buyer’s bank with their valuation of the property, and the bank will then determine the buyer’s mortgage offer.

Final Offer Letter (FOL)

Following a successful valuation, the bank issues a Final Offer Letter. This document confirms the loan amount and finalises the buyer’s mortgage terms. Both the buyer must review and sign it. The FOL is a key milestone as it triggers subsequent steps like requesting the liability letter and preparing for transfer.

Liability Letter

If the seller has an existing mortgage on the property, their bank must issue a liability letter. This outlines the outstanding amount that needs to be cleared before the transfer. The bank usually takes around 3–7 working days to issue it, and it remains valid for a short period (typically 7–15 working days). This step is critical for calculating the correct payment split between the seller and their lender.

NOC (No Objection Certificate)

NOC stands for non objection certificate, in the instance of a resale, this will need to be obtained from the developer. The noc confirms that all charges have been settled and that the property can be sold. As service charges are paid in advance, the buyer will reimburse the seller for the applicable charges during the transfer stage. A copy of the noc will be sent to the buyer and seller from the developer.

Manager’s Cheques

Based upon the conveyancer’s instructions, a number of managers cheques needs to be prepared including one of the seller, as a guaranteed form of payment on the day of transfer. If the buyer is purchasing using cash, the buyer will prepare the full balance due to the seller. In the instance of a mortgage buyer, generally the bank will issue a manager’s cheque for the percentage of the loan to value they are offering. Finally, if there is an outstanding mortgage, two managers’ cheques will need to be prepared, one to settle the seller’s mortgage and one with the remaining balance to the seller. Other cheques which need to be raised by the buyer include the 4% DLD fee & the agency fees.

Blocking 

The blocking process is necessary to protect the buying party and is usually exercised when the buyer is purchasing with cash. The blocking process is a service offered by the Dubai Land Department and is essentially where a trustee office is appointed and acts as an executor on behalf of buyer and seller. All documents and payments related to the sale are prepared and handed to the trustee, the seller’s liability is then cleared, once the liability is settled and the bank provides the clearance documents, the trustee will then inform both parties to return and complete the exchange. This process eliminates any financial risk for the buyer or seller.

Clearance Documents

After the seller’s mortgage is settled, the seller’s bank issues clearance documents confirming the loan is fully paid. These documents are submitted to the DLD and form part of the final transfer package. They allow the release of the property’s title from the bank’s name to the buyer’s.

Transfer

with the date confirmed, it’s transfer time at the Dubai land department. we guide you through each step and ensure funds are in place, cheques are issued, service charges and any rental payments are settled, fingerprints are taken, a new title deed is produced and keys are exchanged