Transaction Process Description

We guide you through every step of the transaction to ensure the process of purchasing real estate is as smooth, transparent, and secure as possible. Below is an overview of the procedure for both secondary market and off-plan properties.

Purchasing Secondary Market Property

Once you decide to purchase a property, the buyer issues a check for 10% of the property's value in the seller's name. Then, three agreements are signed: Contract A with the seller (if not previously signed), Contract B with the buyer, and Form F — a binding agreement between the seller and buyer to complete the transaction for the selected property.

Next, a No Objection Certificate (NOC) is requested from the developer, which typically takes 3–5 business days. Following this, the transaction registration is scheduled at a Trustee Office. Before the registration, the following documents must be provided:

• personal details of the seller and buyer;
• contact information for both parties (phone number and email);
• ownership document (OQOOD/Title Deed);
• signed Form F;
• NOC;
• a 10% check.

On the day of the transaction, the seller and buyer must bring:

• original personal identification documents;
• NOC;
• a check for the property's full price;
• a check for the 4% property tax;
• a check for the 2% commission.

The transaction is completed within an hour: the buyer receives the ownership document, the seller receives a check for the property's full price, and the agency collects its commission.

Purchasing Off-Plan Property

The buyer pays 20% of the property's value as a down payment, along with a 4% property tax. Afterward, the Sale Purchase Agreement (SPA) is signed, and the buyer receives an OQOOD, which confirms ownership rights.

This process ensures transparency and security for all parties involved.