A step-by-step guide to ownership transfer of a ready property in Dubai

The buyer signs Contract B with agency
The seller signs Contract A with the agency
The buyer submits a 10% deposit cheque (The cheque remains in the custody of the agency)
The seller submits a 10% deposit cheque as well (The cheque remains in the custody of the agency)
Contract F is prepared by the real estate broker clearly stating the amount to be paid to the seller and all the terms and conditions of the purchase agreement.
Contract F is digitally signed by both the buyer and the seller through RERA’s portal (Dubai Brokers)
The buyer provides copies of the Manager’s cheques required to conclude the transaction and complete the title deed transfer
The seller applies for resale NOC from the developer or the facility management company. The cost of the NOC is paid by the seller
Once the NOC is issued, the broker books an appointment with the trustee office
Both seller and buyer (or their POAs) meet at the trustee office
All cheques are submitted to the trustee office – the buyer submits his cheques and the agency submits the deposit cheques
Based on Contract F, the trustee makes the ownership change of the property on DLD system and completes the transfer process.
Once the new title deed is issued in the name of the buyer, the trustee hands each party their respective manager’s cheques. The deposit cheques are returned to the issuers.
Transaction is completed
The new title deed is submitted to the developer or the facility management company.