Whether you are planning to purchase a property for the purpose of investment, renting it out, or as an end-user, you cannot just simply go out there and get the property in your name. There are some considerations you need to make and some crucial aspects you need to understand before you purchase it. Similarly, if you are investing in one of the projects developed under the flagship of Sobha Realty Dubai, there are some steps you need to follow for getting the property in your name.

This particular guide talks about the steps you need to take to navigate the purchase process smoothly.

1. Research and consider the property type

The first step that you need to take is to understand the type of property that you are interested in investing in. To begin with, you can research about the property location you are most interested in. After deciding whether you are willing to invest in a villa, townhouse, or commercial property, you can simply move to the next step. You can decide about the property considering the budget factor as well.

2. Contact a licensed Sobha broker

You can either establish a direct contact with the Sobha Realty developers or you can connect with a real estate broker. They have end-to-end knowledge of all the projects developed by this broker so that you can decide which property you are more interested in. The brokers can also help you get the best deals and help you with ongoing offers.

3. Explore the shortlisted properties

You can then schedule the site visit after crafting a list of the shortlisted projects. Properties developed by Sobha usually come with show models and apartments that help you understand the actual space, feel, design, and layout of the property. You can also take a virtual tour of the project by taking a 3D walkthrough.

4. Understanding the payment plans

This is a key aspect in Luxury homes by Sobha Realty, especially if you are planning to buy a property an off-plan property. Some properties come with post-handover payment and for some you need to make a down payment and some further installments. If you have chosen a property for which you need to make a down payment, then you certainly need to pay 10% or 20% as the down payment. You might also want to look for financing options. There are several banks in Dubai that offer mortgage options so that you can acquire required financial assistance as and when needed.

5. Signing the agreement of sale

After selecting the property and agreeing on the price, a sale agreement will be provided to you by Sobha Realty. Since this is a legal document, you need to sign it and make sure that everything is in order after reviewing it finally. After signing the Sale and Purchase Agreement (SPA), the deal will be formalized and you can start making the payment. Moreover, you are also required to sign the NOC.

6. Property registration

This is yet another crucial part of buy property in Dubai Sobha Realty as an investor or an end-user. After the property is ready, you need to register it with the Dubai Land Department (DLD).

7. Property handover

During the property handover, you will need to make the last payment of the property. Once you do that, you will get the keys along with the title deed. However, you should conduct a final inspection so that you can be sure that the property is in expected condition.

8. Ownership transfer 

Now comes the part where you need to go ahead with the process of ownership transfer. This includes legal procedures and hence taking a help of a professional will never go wrong.

Key tips for investors and end-user

Whether you are an investor or an end-user, there are a few tips you need to take into consideration:

• Research about the rental yields
• Check for details on capital appreciation
• Understand the tax implications
• Inquire about the customization options
• Inspect about the community amenities

Conclusion:

By following the key steps mentioned above, you can easily get a home in your name. This guide will help you navigate the whole process in a detailed manner so that you do not feel stuck at any moment during the property purchase process.