Why Choose Nexus Point?
When deciding on a real estate agency to assist you in purchasing a new home, we believe the most important factors are trust and quality service.
Excellent Customer Service
A fundamental aspect of the culture at Nexus Point is the high level of customer service that is prioritized at our firm. Our attitude ensures transparent and honest services that are centred around the client
At Nexus, agents are always up to date with the latest market knowledge. This safeguards the interests of our clients as they will be offered properties in the best areas with excellent value for money.
Our website lists numerous properties launched by various developers throughout Dubai for all purposes. Our team ensures that the website is regularly updated with the latest properties as soon as real estate developers announce them. All properties are listed via signed agency agreements with Nexus Point Real Estate.
Our website hosts a diverse collection of properties complete with their brochures, floor plans, facilities and lifestyle amenities listed. Clients are kept fully informed in regards to the details required to aid their decision-making process.
At Nexus Point, the entire real estate transaction carried out is always centred around the client. The client’s requirements, pace and circumstances are always taken into consideration; all decisions are well-thought-out and verified with the client.
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Buying a property is a stressful ordeal. Most new investors find it difficult to take the first step due to the sea of information that is directed their way. To ease the transaction and help you begin the process, we have put together a brief guide on how to help you prepare everything you need to purchase your new property.
Any person, regardless of their nationality, can purchase freehold real estate in Dubai.
To start the process of buying a property, you will need:
A Valid Passport copy
A Valid Visa copy (if you are a resident or tourist)
A Valid Emirates ID copy (if you are a resident)
All the documents will need to be attested by the UAE embassy.
You will need to apply for and obtain:
Memorandum of Understanding (MoU)
No Objection Certificate (NOC)
After the MoU and NOC are issued, all parties involved in the transaction will need to go to the Dubai Land Department to transfer the title deed in the name of the buyer. The Dubai Land Department (DLD) and administration fees will need to be paid.
One of the most important parts of the buying process is to organise your finances. Transactions are usually completed through one of two ways – cash and mortgages.
If you’re going to pay with cash, you can speak to your agent about negotiating the price to secure a better deal for yourself. After confirming the price, the payment process becomes relatively straightforward.
Paying via a mortgage involves an assessment into the downpayment and monthly instalments you can afford to purchase the property. A mortgage is a more complicated method of financing your transaction, so we have included a separate section on it to give you as much information as possible.
The Intent of Investment:
The first step in the process of purchasing a property, whether residential or commercial, is to decide on the intent of purchase. The intent could vary from buying to let, buying to reside or simply buying to profit from the capital appreciation returns.
Decide on a housing complex:
Once the intent has been established, you also need to decide on the type of housing complex you want - this ranges from an apartment, villa, townhouse, penthouse or even a duplex. As a buyer, you then need to determine your requirements for the freehold property you would like to purchase. Factors that could affect your decision include distance to educational institutions, workplaces, supermarkets and metro links.
Organise your finances:
One of the most important parts of the buying process is to organise your finances. If you’re going to complete the transaction using cash, negotiations can be made with the seller to coordinate a better deal. For transactions completed with mortgages, you need to assess how much of a downpayment you can afford along with the monthly instalments of payments to settle your mortgage.
Choose an agent:
The next step is to choose an agent you trust to facilitate your purchase. When you assign an agent from Nexus Point to guide you, you will not be let down. Our company prioritises the goal of attaining the best deal for our clients while feeling empathy for their perspectives. The expertise and trust you will experience at Nexus Point are unrivalled; we will help you fulfil your dream of owning a property.
Clients can book numerous viewings all over Dubai at the advice of your agent. Using Nexus Point as your agent, you will be privy to the in-house VIP concierge services and be transported to all your viewings in one of our many luxury vehicles. We will be able to provide you with a variety of properties to fit your requirements so that you can make a fully-informed decision to protect your interests.
Make An Offer:
Once you’ve decided on a property you like, our agents will advise you on the method and timing with which you will make your offer. In many instances, timing is crucial and can make the difference between securing your dream home and losing out on a property.
Agreement of purchase:
Once you decide on a property of your choice and both parties have reached an agreement - a memorandum of understanding (MoU) is signed. A MoU is an agreement between parties outlined in a formal document - the creation of this document signals the willingness of both parties to move forward with the deal. All parties then need to apply for a No Objection Certificate (NOC) to move forward to the next step.
No Objection Certificate:
All parties involved in the real estate transaction then need to apply for a No Objection Certificate (NOC) to move forward to the next step. The Certificate is only granted after a fee is paid and all documentation is checked for accuracy.
Transfer of Title:
The last stage of the buying process is the transfer of title from the seller’s name to the buyer’s name - this usually takes place in the developer’s office and involves a fee. It depends on the developer and thus consulting your agent is the best move to complete the buying process.