– Buyer to obtain pre-approval

– Agreement of sale signed between the buyer and the seller
– Valuation instructed on property (between AED 2,500 – AED 3,500 + 5% VAT)
– Valuation report received from the bank
– Final offer letter issued by the buyer’s bank
– Final offer letter signed by the buyer
– NOC applied for with the developer
– NOC issued
– Transfer booked with the buyer’s bank
– Statement of payments to be prepared and issued
– Transfer at Transfer Office (DLD Mortgage Registration Fees – 0.25% of the loan amount + AED 290