Sales Conveyancing
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What is Sales Conveyancing?
Sales conveyancing is the legal process that transfers ownership of a property from seller to buyer. It covers everything from verifying documentation to reviewing contracts, ensuring compliance with UAE regulations, and progressing the transaction through to completion. In Dubai, this stage is essential for a secure and stress-free sale.
At Hyde Real Estate, we guide you through every step with clarity and confidence. Our team manages the full conveyancing journey, coordinating with trusted legal partners, preparing all required documents, handling approvals, and ensuring your sale progresses smoothly. We keep you informed from start to finish so you can move forward with complete peace of mind, knowing your transaction is protected and professionally handled.
Cash → Cash
Step 1
Funds readily available in the UAE
Before the transfer process begins, the buyer must have their funds fully available within the UAE banking system. This ensures the transaction can move forward without delay and provides immediate financial verification when required by the developer or trustee office.
Step 2
Apply for NOC for resale with the developer
Once finances are confirmed, we apply for the No Objection Certificate (NOC) from the developer. This document confirms that there are no outstanding payments or liabilities on the property and acts as the developer’s approval for the resale to proceed.
Step 3
NOC issued
After the developer reviews and clears the property status, the NOC is issued. This is a key milestone, as the transfer cannot take place without it. At this stage, both parties can confidently prepare for the final steps of the transaction.
Step 4
Raise manager’s cheques
With the NOC secured, the buyer arranges the manager’s cheques as per the agreed terms—typically including the purchase price and any associated fees. Manager’s cheques provide guaranteed payment, ensuring a secure settlement for both parties.
Step 5
Transfer
All parties attend the transfer appointment at the trustee office. The cheques are handed over, documents are signed, and the property is officially transferred into the buyer’s name. Once complete, the new Title Deed is issued, finalising the sale.
Cash → Finance (Blocking)
Step 1
Funds readily available in the UAE
The buyer must have their funds available within the UAE banking system at the start of the process. This allows for smooth financial checks and ensures that settlement can take place without delays.
Step 2
Seller to apply for liability letter
The seller begins by requesting a liability letter from their bank. This document outlines the outstanding mortgage amount currently secured against the property.
Step 3
Apply for NOC for resale with the developer
Once the liability letter is in progress, an application is submitted to the developer for the No Objection Certificate (NOC). This confirms that the property is eligible for resale and that there are no developer-related issues preventing transfer.
Step 4
Liability letter issued
The bank issues the liability letter, confirming the seller’s remaining mortgage balance. This becomes essential for the upcoming blocking and settlement steps.
Step 5
NOC issued
After reviewing the property status, the developer issues the NOC. This approval is required before the transaction can move to the Dubai Land Department (DLD) for blocking.
Step 6
Raise manager’s cheques
The buyer prepares the required manager’s cheques, typically including the sale amount, the seller’s outstanding mortgage liability, and any DLD or service charges payable as part of the transfer.
Step 7
Attend the trustee office to ‘block’ the property with Dubai Land Department
Both parties visit the trustee office, where the DLD places a temporary block on the property. This prevents any further transactions until the mortgage liability is settled.
Step 8
Settle seller’s liability
Using the manager’s cheque designated for the liability amount, the seller’s mortgage is paid off. This clears the financial encumbrance currently registered against the property.
Step 9
Seller’s bank to produce a ‘Clearance Letter’
Once the liability is settled, the seller’s bank issues a Clearance Letter confirming that the mortgage has been fully discharged and the bank no longer holds a claim over the property.
Step 10
Unblock the property and transfer
With the Clearance Letter submitted, the DLD removes the block, allowing the property to be officially transferred to the buyer. All documents are finalised, and the new Title Deed is issued.
Finance → Cash
Step 1
Buyer obtains pre-approval
The process begins with the buyer securing a mortgage pre-approval from their bank. This confirms their borrowing capacity and allows the transaction to move forward with financial clarity.
Step 2
Funds readily available in the UAE
Any cash portion required from the buyer must be available in a UAE bank account. This ensures that the buyer can cover deposits, fees, and any additional payments needed before transfer.
Step 3
Schedule valuation
The buyer’s bank arranges a property valuation. This assessment verifies the property’s market value and ensures it aligns with the bank’s lending criteria.
Step 4
Request buyer’s Final Offer Letter (FOL)
Following a satisfactory valuation, the buyer requests the Final Offer Letter from their bank. The FOL confirms the final mortgage terms and is a mandatory document before the loan can be disbursed.
Step 5
Apply for NOC for resale with the developer
Once the FOL is in progress, an application is submitted to the developer for the No Objection Certificate (NOC). This confirms that the property can legally be resold and transferred.
Step 6
NOC issued
The developer issues the NOC after confirming that all dues are settled and that the property is approved for resale. This allows the parties to proceed to the financial settlement stage.
Step 7
Buyer’s bank to disburse the loan
The buyer’s bank releases the mortgage funds, typically directly to the seller or the seller’s bank (in cases where a mortgage needs to be cleared). This forms the primary payment for the property.
Step 8
Raise manager’s cheques
The buyer prepares the remaining manager’s cheques required for the transaction, including any balance payments and applicable transfer fees.
Step 9
Transfer
All parties attend the trustee office to complete the transfer. The cheques are submitted, documents are signed, and the Dubai Land Department finalises the ownership change. A new Title Deed is issued to the buyer, completing the purchase.
Finance → Finance
Step 1
Buyer obtains pre-approval
The buyer begins by securing a mortgage pre-approval from their bank. This confirms affordability and allows the transaction to progress with confidence.
Step 2
Funds readily available in the UAE
Any cash portion required from the buyer must be available in a UAE bank account to ensure smooth payment of deposits, fees, and settlement amounts.
Step 3
Schedule valuation
The buyer’s bank arranges a valuation of the property. The valuation confirms the property’s market price and ensures the bank is satisfied with its lending risk.
Step 4
Request buyer’s Final Offer Letter (FOL)
Once the valuation is approved, the buyer requests the Final Offer Letter. This formal document outlines the mortgage terms and is required before the loan can be released.
Step 5
Seller to apply for Liability Letter
The seller requests a liability letter from their bank. This document confirms the remaining mortgage amount that must be cleared before the property can be transferred.
Step 6
Apply for NOC for resale with the developer
At the same time, an application is made to the developer for the No Objection Certificate (NOC). The NOC verifies that the property is in good standing and eligible for resale.
Step 7
Liability letter issued
The seller’s bank issues the liability letter, confirming the outstanding mortgage amount. This will later be settled by the buyer’s bank during the blocking process.
Step 8
NOC issued
The developer issues the NOC after confirming all service charges and requirements are met. This allows the financial and legal steps to move forward.
Step 9
Buyer’s bank to disburse the loan
The buyer’s bank releases the mortgage funds, typically sending the liability portion directly to the seller’s bank to clear the existing mortgage.
Step 10
Raise manager’s cheques
The buyer prepares any remaining manager’s cheques needed for the transaction, including balance payments and Dubai Land Department fees.
Step 11
Attend the trustee office to ‘block’ the property with Dubai Land Department
Both parties attend the trustee office where the Dubai Land Department places a temporary block on the property. This ensures no other transactions can occur while the mortgage is cleared.
Step 12
Settle seller’s liability
The outstanding mortgage balance is settled using the loan disbursed by the buyer’s bank. This clears the existing encumbrance registered against the property.
Step 13
Seller’s bank to produce a ‘Clearance Letter’
Once liability is paid, the seller’s bank issues a Clearance Letter confirming full mortgage settlement. This document is essential to remove the block.
Step 14
Unblock the property and transfer
With the Clearance Letter submitted, the DLD removes the block, and the transfer is completed at the trustee office. Final documents are signed, and the Title Deed is issued to the buyer.
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