Purchase of property in Dubai can be very exciting an experience and at the same time very confusing if you do not know the documentation that is needed. Below are some of the key documents which you need to have before buying a property in Dubai,
Passport:
One of those crucial papers one has to obtain before purchasing a piece of land or any other type of property in Dubai is his or her passport. Therefore, it is important to make sure that it is valid for that period.
Visa:
A valid visa is mandatory for buying property in Dubai as this will allow you to stay and work here. You should confirm with your sponsor whether your visa allows you own properties.
Income proof:
In order to acquire a home or any form of real estate within Dubai, proof of having a source of income will always be asked for. This may include recent pay slips, bank statements or even a signed letter from your employer indicating both amount earned per month as well as confirmation that this money will be used during such purchase process thereby showing the seller that you have ability financially pay for his house.
No Objection Certificate (NOC):
As an alien who wants to buy any home away from his motherland, there must be a clearance from Department Land worth Sh20 billion by getting No objection certificate (NOC) from Dubai Land Department which tells us that we can buy a certain house without obstacles.
Title deed:
Finally after buying the said property, its title deed will then handed over to me as an evidence I legally own it; hence it must be filed safely because it can be referred if legal problem arise towards my ownership rights and responsibilities. This means that once the transaction goes through, it is necessary for me as buyer to confirm with relevant authorities if title deed has been duly transferred into my names
In sum up, when acquiring property in Dubai, it is important to acquire proper documents so that you can be able to make a good deal. In order not to experience any delays or problems when purchasing the property, ensure that you have all the necessary documentation in place before commencing the process. With right documents in place, one will soon possess a piece of real estate in this lively and busy city.
