Ready Properties

Secondary Market Investments

WHAT IS THE READY MARKET?

The ready market refers to purchasing properties that are fully constructed and available for immediate occupancy or rental. Unlike off-plan properties, where you invest in a vision yet to be built, ready properties allow you to see, touch, and experience the home or investment unit before committing. In Dubai, the ready market is a popular choice for buyers seeking immediate returns, personal use, or a tangible asset without the wait of construction timelines.

READY MARKET UPSIDES

Immediate Ownership

Move in or start generating rental income right after purchase. No delays, no construction risks.

What You See Is What You Get

Inspect the property firsthand, from finishes to views, ensuring it meets your expectations.

Financing Flexibility

Ready properties qualify for immediate mortgage options, often with competitive rates from UAE banks.

OUR PROCESS

Defining Your Goals

We start by understanding your objectives, including:

Budget - How much you’re prepared to invest or finance. Property Type - Apartments, villas, townhouses, or commercial spaces.
Purpose - Personal use, rental income, or resale potential.
Location - Preferred communities, proximity to amenities, or investment hotspots.

Market Exploration and Property Selection

With your goals in mind, we dive into Dubai’s ready market to find the best options:

Curating a list of available properties based on your criteria.
Arranging property viewings to assess quality, finishes, and surroundings.
Analyzing market trends, resale values, and rental yields for each shortlisted property.

Property Evaluation and Due Diligence

Before you commit, we ensure the property is a sound investment by:

Verifying the seller’s ownership and title deed with the Dubai Land Department.
Checking for any outstanding service fees, mortgages, or liens on the property.
Reviewing compliance with RERA regulations and community standards.
We make sure if the property is tenanted and is said to leave, that any arrangements have been formally agreed and documents signed to ensure a smooth process.

Offer and Negotiation

Once you’ve chosen a property:

We prepare and submit a formal offer on your behalf.
Negotiate with the seller to secure the best possible price and terms.
Provide guidance on market comparables to ensure a fair deal.

Memorandum of Understanding (MOU) Signing

After the offer is accepted:

You sign an MOU with the seller, outlining the agreed price and conditions.
Pay a deposit (typically 10% of the purchase price) to secure the property.
We assist with documentation, including passport copies and KYC forms.
For residents purchasing a property, the 10% deposit is held by our brokerage in the form of a cheque made out to the seller. However, we retain possession of the cheque, it remains uncashed, and the seller does not receive it directly.

Financing and Payment Arrangements

For a smooth transaction:

We connect you with trusted banks for mortgage pre-approval (if applicable).
Coordinate full payment for cash buyers, including overseas transfers or crypto options.
Ensure all funds are transferred securely and on time.

Property Inspection and Final Checks

Before finalizing the purchase:

We conduct a thorough inspection to confirm the property’s condition.
Address any defects or repairs with the seller, if needed.
Obtain a No Objection Certificate (NOC) from the developer or community management.

Transfer of Ownership

The final step takes place at the Dubai Land Department:

Both buyer and seller attend the transfer meeting (or appoint a representative via Power of Attorney).
Pay the remaining balance, plus DLD fees (4% of the purchase price) and agency fees.
Sign the transfer documents and receive the title deed in your name

Handover and Move-In Ready Support

Once ownership is transferred:

We ensure the property is handed over with all keys, access cards, and manuals.
Coordinate utility connections (electricity, water, internet) if required.
Offer furnishing and interior design services to prepare the property for use or rental.